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FNS50615 Diploma of Financial Planning (RG146 Courses)

Integrity Education empowers individuals to build a successful career through education, skills development, & access to Industry.

 

Course Information

Course Code:  FNS50615 Diploma of Financial Planning
Duration: 12 Months / 1200 hours
Fee Type: Government Funding, Concession, Full Fee
Brochure: RG146 Courses Download brochure here

This training is delivered with Victorian and Commonwealth Government funding

The (FNS50615) is for financial planners who provide a range of standard financial planning services and individuals providing specialist para-planning services. Individuals in these roles require well-developed skills and a broad knowledge base of the financial planning sector and the ASIC regulatory framework. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others.

This RG146 Courses meets the training requirements for RG146 Tier 1 compliance in Financial Planning, Life Insurance, Managed Investments, Securities and Superannuation and is broken into 4 subjects:

  • DFP1: Practice of Financial Planning
  • DFP2: Practice of Risk Management
  • DFP3: Practice of Superannuation & Retirement Planning
  • DFP4: Practice of Investment Planning

Pre-enrolment Information

There are many factors to consider prior to enrolling into any course. Please click here for our pre-enrolment information and pick up the phone to speak with one of our experienced course consultants.

Program Delivery & Support

Online

This study options offers complete flexibility - Students can study at a time and place that suits their work and family schedule. There are no requirements to attend any classes.

All online students have unlimited telephone and online access to a trainer between 9am-5pm.

Blended

This study option provides students with 8 Face-to-Face workshop classes where you can learn from experienced industry practitioners who share their 'war stories', which provides students with first-hand insight in to how to become a Financial Planner.

Our Melbourne based workshops are conducted in our training rooms at Level 4, 84 William Street, Melbourne, VIC 3000. Workshops are delivered in a central location in the CBD of each capital city in all other states.  Our course schedules can be viewed here

All workshop classes commence at 9am and finish at 5pm. In addition to the support you will receive from your 8 days with your trainer you will also have unlimited telephone and online access to a trainer between 9am-5pm for duration of your enrolment.

Online students have the option to upgrade their enrolment to join into one /all workshop classes.

What is the RG146 Course Fee structure?

There are 3 possible Fee types for this RG146 course, depending on your personal circumstance.

  • Full Fee
  • Government Funding for Victorian Residents through the Skills First Program
  • Concession fee for Government Funding in Victoria through the Skills First Program

Please click here for further information on Fee types. Please note Eligibility criteria applies for all government funded and concession places.

The student tuition fees as published are subject to change given individual circumstances at enrolment.

Assessments

Integrity Education has carefully structured its assessments to include a variety of styles to cater for the learning needs of a broad range of students. Assessment methods may include:

  • Multiple choice
  • Written assessment tasks
  • Project / Report / Discussion
  • Role plays / Workplace simulations
  • Case Studies

Course Entry Requirements

Minimum requirements

  • At least 18 years of age at the time of enrolment.
  • Access to a computer and internet connection.
  • Computer skills, as detailed below.
  • Meet the required levels in Language, Literacy & numeracy, as explained below.
     

Language, Literacy & Numeracy Requirements

This course requires you to read comprehensive learner guides, complete a range of written assessments, undertake independent research activities and at times engage in online forums and discussions.

All learners will undertake a language, literacy and numeracy skills assessment prior to the course commencement. This assessment will highlight if you require any additional support in these areas.

 

Skill requirements

To successfully complete this course, learners will require basic computing skills. This may include:

  • saving and editing Microsoft Office documents
  • researching, accessing and searching the internet
  • downloading and saving documents from websites
  • uploading documents through websites

Industry changes to the Education requirements

To raise the professional standards for financial planners’ compulsory education levels will come into effect from 1 January 2019 following recent legislation changes. The key changes are:

  • New advisers from the 1 January 2019 entering the industry will need to hold a relevant degree, such as a Graduate Certificate, Graduate Diploma or Master of Financial Planning.
  • Existing financial advisers as at the 1 January 2019 will have access to transitional arrangements to meet the education requirements by 1 January 2024.

New and existing planners will need to consider their education pathway to meet the new requirements and Integrity Education will be holding information evenings to discuss education pathways.

Integrity Education has an articulation arrangement with Deakin University and students who have completed both the FNS50615 Diploma of Financial Planning and the FNS60415 Advanced Diploma of Financial Planning may be eligible for up to 12 credits towards a University Bachelor Degree or articulation in to a Masters of Financial Planning Program.

Please call one of our education consultants on 03-8535 3170 to discuss your personal circumstance and to create a suitable study plan for you.

Recognition of Prior Learning (RPL) / Credit Transfers (CT)

Credit Transfer (CT)

Integrity Education recognises all previously attained current qualifications and/or statements of attainment issued by another RTO or University.  If you have previously studied and successfully obtained a unit of competency that is contained in one of Integrity Educations courses you will be awarded with a credit transfer.

How do I apply?

To apply for Credit transfer please complete the relevant credit transfer form and attach a certified copy of your transcript/s. Please submit to info@integrity.edu.au. All applications for credit transfer are processed within 5 working days.

Fees

Integrity Education does not charge any fee for credit transfers.

 

Recognition of Prior Learning (RPL)

Through the RPL process, Integrity will recognise the skills and knowledge of learners that have been gained through relevant work experience and past study.   With learners’ diverse backgrounds, sufficient experience and expertise attained in the industry, this may exempt learners from completing the standard course requirements. 

 

Applicants for RPL must provide evidence that demonstrates current industry knowledge and skills gained through work experience, current and past study against each unit of competency embedded in the qualification.

 

How do I apply?

Integrity have developed a seamless approach to the RPL process, this process puts the learner at the forefront of the process and you will be provided with direction and support throughout.

 

Step 1

To apply for RPL, complete the Self-Assessment tool for your chosen qualification provided to your via email from one of our Course Advisors. Once you have completed this, scan and email to us at info@integrity.edu.au.

Step 2

An informal conversation is held between you and an Integrity Assessor, this conversation will help determine if you are a suitable candidate for RPL and will briefly outline the process. Once completed, the next step is to enrol via the website and continue with the RPL process.

Step 3

Once you have enrolled, The RPL Assessment Kit for your chosen qualification will be made available to you.   Read through the RPL Kit and make notes for discussion with your allocated Integrity Assessor. Your Assessor will discuss the RPL process, evidence requirements, set timelines for the Competency Conversation and answer any questions you may have. 

Step 4

At this step you will be gathering your paper/online based evidence and complete the relevant sections of the Kit.  Once completed, the Kit and required evidence can be uploaded into your student portal.

Step 5

Your Assessor will then contact you to conduct a telephone / skype interview – also known as a Competency Conversation, to discuss your evidence and to ask questions that will be used to fill any identified gaps.  This conversation will take place at a time that is agreeable to you and the Assessor.

Step 6

The assessment decision is made, with the following possible outcomes.

I.             RPL - Competent – will be recorded for each unit you successfully achieve through the RPL process, if you meet all the units in the qualification then your Certificate and unit transcript will be issued within 10 working days to your nominated address.

II.            RPL – Not Yet Competent – GAP Training or Assessment Only Pathways will be offered to help you fill the identified gaps in your skills and knowledge, depending on availability of places, this can be achieved by workshop attendance for Victorian residents or online.

 

Fees

The fee for RPL are included in our statement of fees.  Please click here

 

 

Units of Competency (What's covered in FNS50615?)

Integrity Education Group offer 20 units of competency in the FNS50615 Diploma of Financial Planning. The units selected have been selected based on feedback from Industry and the nominal hours are outlined in the course brochure, available on the website.

Core Units

FNSINC401

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

BSBITU402

Develop and use complex spreadsheets

FNSASICZ503

Provide advice in Financial Planning

FNSFPL501

Comply with financial planning practice ethical and operational guidelines & regulations

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

FNSFPL506

Determine client financial requirements and expectations

 

Pre-Requisite units

FNSCUS505

Determine client requirements and expectations

 

FNSINC501

Conduct product research to support recommendations

 

FNSIAD501

Provide appropriate services, advice and products to clients

 

FNSCUS506

Record and implement client instructions

 

 

Elective Units

FNSASICU503

Provide advice in Superannuation

 

FNSASICT503

Provide Advice in Managed Investments

 

FNSASICW503

Provide Advice in Securities

 

FNSFMK502

Analyse financial market products for client

 

FNSFMK503

Advise clients on financial risk

 

FNSASICX503

Provide advice in Life Insurance

 

FNSFPL508

Conduct complex financial planning research

 

 

Outcomes

Education Pathway

Many students who complete the FNS50615 Diploma of Financial Planning continue on to complete the FNS60415 Advanced Diploma of Financial Planning (the FNS50615 Diploma of Financial Planning is a pre-requisite).

 

Job and Career Pathways

This qualification will provide you with a vast array of employment opportunities within the financial planning sector, including but not limited to:

  • Financial Planner / Adviser
  • Client Service Officer
  • Paraplanner
  • Business Development Manager
  • Superannuation administration
  • Insurance Adviser