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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

1. Provide technical guidance to other staff in the practice
   • Provide technical guidance and advice, appropriate to skill level and need, to other financial planners, trainee financial planners and para-planners to assist in development of financial plans
   • Provide technical advice and assistance to administrative and processing staff when required
   • Use specialists with appropriate advanced technical competency as point of reference when required
   • Recognise potential problems before they develop and take precautionary steps to prevent them
   • Model and communicate ethical behaviour requirements to staff and peers
2. Provide technical and professional information to staff and peers
   • Circulate information obtained by representatives that is relevant to staff and peers for development purposes
   • Provide opportunities to staff for feedback and queries on circulated information
3. Act as practice reference for any special areas of expertise
   • Establish staff briefings or training sessions in representative’s area of expertise
   • Develop and deliver skill development exercises for individual staff as required
   • Monitor market, product, legislative and regulatory changes in special areas of expertise for development purposes
   • Monitor and address practice information and skill requirements in special areas of expertise

Performance Evidence

Evidence of the ability to:

provide technical and professional guidance to others within the organisation, including:

conducting briefings and training sessions

mentoring staff and facilitating opportunities to receive guidance or support in the preparation of financial plans

acting as a practice reference for special areas of expertise.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

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Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

explain the key features of the financial planning industry, including:

financial products

financial markets

investment characteristics

describe the key features and identify relevant issues relating to:

corporations and consumer legislation

government financial and superannuation policy

relevant financial legislation

social security legislative updates

industry codes of practice

discuss current industry trends, sources of information and industry activities

compare and contrast:

financial forecasting techniques

methods of presenting financial data

identify and assess available and appropriate professional development activities

identify and categorise:

relevant interdisciplinary contacts and industry expertise

sources of information on financial products and markets, state and territory charges and taxes

discuss approaches for effective mentoring and training within the workplace.

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