Diploma of Financial Planning FNS50615

This Qualification first released with FNS Financial Services Training Package version 2.1.
BSBOHS303B Contribute to OHS hazard identification and risk assessment has been removed as not required.

Packaging rule for this qualification have been changed to 9 core units and 6 electives.
Replaces FNS50610 Diploma of Financial Planning Qualification notes.

This qualification is for financial planners who provide a range of standard financial planning services and individuals providing specialist para-planning services.

This is a licensed occupation and core units in this qualification meet Australian Securities and Investments Commission (ASIC) requirements for Tier 1 status. Specific product units for licensing are included in the electives.

NOTE: For current advice on ASIC compliance under RG146 refer to the advice bulletin on the IBSA website or contact ASIC.

Pathways Information

Pathways for candidates entering this qualification include:

  • Certificate IV in Financial Practice Support
  • and other sector qualifications involving providing financial product and services advice at ASIC Tier 2 level.

The primary pathway from this qualification is employment as a financial para-planner providing advice to clients on financial products and services within the ASIC licensing framework for the sector.
A further learning pathway utilising qualifications such as Advanced Diploma of Financial Planning would support career progression.

Entry Requirements

Not applicable.

Packaging Rules

15 units must be achieved:
9 core units plus 6 elective units

4 elective units must be selected from the elective units listed below.
The remaining 2 elective units may be selected from the elective units listed below, any endorsed Training Package or accredited course. Elective units may be selected from a Certificate IV, Diploma or Advanced Diploma qualification.
Elective units must be relevant to the work outcome, local industry requirements and the qualification level.

FNSASICZ503A Provide advice in Financial Planning
FNSFPL501A Comply with financial planning practice ethical and operational guidelines and regulations
FNSFPL502A Conduct financial planning analysis and research
FNSFPL503A Develop and prepare financial plan
FNSFPL504A Implement financial plan
FNSFPL505A Review financial plans and provide ongoing service
FNSFPL506A Determine client requirements and expectations
FNSINC401A Apply principles of professional practice to work in the financial services industry
BSBITU402A Develop and use complex spreadsheets

Available elective units

BSBCUS501B Manage quality customer service
BSBINM401A Implement workplace information system
FNSCUS505A Determine client requirements and expectations
FNSCUS506A Record and implement client instructions
BSBSMB405A Monitor and manage small business operations
BSBSUS501A Develop workplace policy and procedures for sustainability
FNSASIC301C Establish client relationship and analyse needs
FNSASIC302C Develop, present and negotiate client solutions
FNSASICX503A Provide advice in Life Insurance
FNSFPL507A Provide financial planning advice
FNSCUS501A Develop and nurture relationships with clients, other professionals and third party referrers
FNSCUS502A Monitor client requirements

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