Course overview
The aim of this course is to provide students with a comprehensive understanding of the key issues and factors, including taxation, that impact on the selection of financial and investment strategies for personal investors. The aim of this course is to recognise the importance of long-term financial and investment planning for the maintenance of and improvement to the investor's lifestyle. The financial planning process and professional, ethical and regulatory compliance requirements in the client-adviser relationship. Preparation of the Statement of Advice (SOA), including ‘fact finding' for required information and the construction of recommendations. Cash flow and budgeting in the creation of personal wealth. Income and capital gains tax considerations for personal investment and financing. Investment structuring and tax planning strategies for personal investment and financing. Social security benefits, and their role in the financial planning process. Keys to successful financial planning.
Course learning outcomes
- Outline the financial planning process, and examine the professional, ethical, and legal requirements associated with the client-adviser relationship
- Examine the requirements for the construction of a Statement of Advice (SOA), and evidence an ability to provide SOAs
- Explain the importance and role of cash flow analysis and budgeting to the creation and disposition of wealth over the client's financial life-cycle
- Identify the relevant taxation impacts on the investor or entity that arise from the selection of alternative investment products or processes to distribute income, and their strategic implications for the investor (entity) over their financial life-cycle
- Highlight the relevant issues and considerations, including taxation and social security, required for the development of client-specific wealth creation and retirement planning strategies
- Demonstrate Business Enterprise Skills in the context of the Financial Planning discipline: i) Oral Communication (advanced level); and ii) Written Communication (advanced level).