Unit Information
Unit code: BAO6001
Credit points: 12
The unit combines the higher-order responsibilities and legislative framework governing the provision of financial planning advice with the principles and functions of investing in financial markets. Matters, such as compliance and the relational role of the financial advisor are placed in the context of assessing client investment risk and defending a best-interest, multi-asset portfolio as part of a client’s financial plan. Lessons from economic events and the impact of financial advice failures provide a backdrop to a range of activities including managed fund research, aligning client risk profiles and preferences with investment choices and borrowing strategies for investing. Professional skills including interpersonal skills are given attention via podcast interviews with practitioners, structured discussion and metacognitive interaction to develop the narratives associated with informing clients of risk, returns, costs and benefits of investing. The design and content of this unit meets the requirements of a FASEA approved degree and is suited for existing advisers, new entrants and career changers entering the professional of financial planning.
On successful completion of this unit, students will be able to:
- Examine and apply the legal and ethical framework to financial planning practice and investment advice impacting on the client relationship;
- Explicate the usefulness of efficient market theory and characteristics of assets classes in relation to investment planning;
- Identify and analyse the benefits and risks of investment options against economic influences and the diversity of the financial goals and risk tolerances of clients;
- Use financial planning software, tools and/or financial mathematics to research, construct and defend a diversified, multi-asset portfolio as part of a limited scope Statement of Advice; and,
- Participate in an academic community through reflective and critical engagement in academic texts and understanding of principles of academic integrity.
| Item | Assessment | Graded | LO Alignment | Grad Caps Alignment |
| Assignment | Legal and Ethical Framework Impacting Financial Advice-Client Relationship (500 words) | 10% | 1 | 1 |
| Assignment | Financial and Investment Planning Activities Case Study (2000 words) | 40% | 2, 3 | 1 |
| Project | Scaled Statement of Advice (2500 words) | 50% | 3, 4 | 2 |
| Other | Evidence of completion of the Academic Integrity Modules (Hurdle) | 0% | 5 | 1, 2 |
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