Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSASICZ503A Mapping and Delivery Guide
Provide advice in Financial Planning
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSASICZ503A - Provide advice in Financial Planning |
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Description | This unit when combined with industry specified units has been specifically designed to satisfy the skill requirements of current Australian Securities and Investments Commission (ASIC) regulation (Financial Services Reform Act) at Tier 1 (Diploma) level | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to job roles involving the provision of financial products and service advice to clients. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | FNSFPL501A Comply with financial planning practice ethical and operational guidelines and regulations FNSFPL502A Conduct financial planning analysis and research FNSFPL503A Develop and prepare financial plan FNSFPL504A Implement financial plan FNSFPL505A Review financial plans and provide ongoing service | ||
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/transaction with client |
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Element: Coordinate implementation of agreed plan/policy/ 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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