Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSASICZ503 Mapping and Delivery Guide
Provide advice in financial planning
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSASICZ503 - Provide advice in financial planning |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to analyse client needs and provide advice ethically and professionally in financial planning, in compliance with industry regulations and codes of practice. It addresses the training requirements of current Australian Securities and Investments Commission (ASIC) and Australian financial services (AFS) licensing at Tier 1 level.It applies to individuals who use well-developed interpersonal skills and excellent communication and self-management skills to perform a specialist advisory role in financial planning.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or ASIC for specific guidance on requirements. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial services and products advice field of work and include access to: common office equipment, technology, software and consumables financial services product information. Assessors must satisfy NVR/AQTF assessor requirements. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Establish relationship with client |
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Element: Identify client’s objectives, needs and financial situation |
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Element: Analyse client’s objectives, needs, financial situation and risk profile |
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Element: Develop appropriate strategies and solutions |
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Element: Present appropriate strategies and solutions to client |
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Element: Negotiate financial plan, policy and/or transaction with client |
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Element: Coordinate implementation of agreed plan, policy and/or transaction |
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Element: Complete and maintain necessary documentation |
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Element: Provide ongoing service where requested by client |
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Element: Identify client’s objectives, needs and financial situation |
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Element: Analyse client’s objectives, needs, financial situation and risk profile |
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