FNS40715 Certificate IV in Financial Practice Support

Release 2

FNS40715 Certificate IV in Financial Practice Support

Modification History

Release	Comments
Release 2	This version released with FNS Financial Services Training Package version 1.1 Release 2 created to correct typographical error
Release 1	This qualification first released with FNS Financial Services Training Package version 1.0

Qualification Description

This qualification is for individuals performing a support role to qualified financial planners and para-planners. Individuals in these roles apply specialist knowledge and skills to work autonomously and exercise judgement in completing routine and non-routine support activities relating to a pre-set range of financial products and services.

Licensing/Regulatory Information

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements. The core units meet Tier 2 status Australian Securities and Investments Commission (ASIC) accreditation requirements for providing limited financial products advice.

Entry Requirements

Nil.

Packaging Rules

Total number of units = 11

7 core units plus

4 elective units

The elective units consist of:

up to 4 from the electives below

up to 4 from a Certificate IV qualification in the Financial Services Training Package

1 may be selected from a Certificate III qualification in any endorsed training package or accredited course

1 may be selected from a Diploma qualification in any endorsed training package or accredited course.

The elective units chosen must be relevant to the work outcome and meet local industry needs.

Core Units

FNSASIC301	Establish client relationship and analyse needs

FNSASIC302	Develop, present and negotiate client solutions

FNSFPL401	Extract and analyse information on specified financial strategies and products

FNSFPL402	Prepare financial plans to set strategies and guidelines

FNSFPL403	Implement financial plans to predetermined guidelines

FNSFPL501	Comply with financial planning practice ethical and operational guidelines and regulations

FNSINC401	Apply principles of professional practice to work in the financial services industry

Elective Units

BSBCUS402	Address customer needs

BSBREL402	Build client relationships and business networks

BSBWHS303	Participate in WHS hazard identification, risk assessment and risk control

BSBWOR204	Use business technology

FNSASICQ503*	Provide advice in first home saver market linked accounts

FNSFPL502	Conduct financial planning analysis and research

FNSFPL503	Develop and prepare financial plan

FNSFPL504	Implement financial plan

FNSFPL505	Review financial plans and provide ongoing service

FNSCUS505	Determine client requirements and expectations

FNSCUS506	Record and implement client instructions

FNSIAD501	Provide appropriate services, advice and products to clients

FNSINC501	Conduct product research to support recommendations

*Note the following prerequisite unit requirements:

Unit in this qualification	Prerequisite unit
FNSASICQ503 Provide advice in first home saver market linked accounts	FNSINC501 Conduct product research to support recommendations FNSIAD501 Provide appropriate services, advice and products to clients FNSCUS505 Determine client requirements and expectations FNSCUS506 Record and implement client instructions

Qualification Mapping Information

Code and title current version	Code and title previous version	Comments	Equivalence status
FNS40715 Certificate IV in Financial Practice Support	FNS40710 Certificate IV in Financial Practice Support	Updated to meet Standards for Training Packages.	Equivalent qualification

Links

Companion volumes available from the IBSA website: http://www.ibsa.org.au/companion_volumes - http://www.ibsa.org.au/companion_volumes