Course overview
Extending on prior learnings, this course aims to provide students with an advanced understanding of the key issues and factors, including taxation, that impact on the selection of financial and investment strategies for development of a comprehensive Statement of Advice (SOA). Students will gain expertise in identifying the impact of behavioural biases on client financial choices and implications for adviser recommendations, and in recognising the importance of long-term financial, tax, and investment planning for the maintenance of and improvement to the investor’s lifestyle.
Course learning outcomes
- Critically reflect on the financial planning process, the role of behavioural factors in influencing decisions within this process, and examine the professional, ethical, and legal requirements associated with the client-adviser relationship
- Explicate the requirements for the construction of a Statement of Advice (SoA) and demonstrate an ability to provide SoAs to meet client-specific needs
- Critically evaluate the importance and role of cash flow analysis, budgeting, investment and taxation planning in the creation and disposition of wealth over the client's financial life cycle
- Identify and discuss 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
- Critically review the relevant issues and considerations, including taxation and social security, required for the development of client-specific wealth creation and retirement planning strategies as embodied in a SoA