Provide advice in Securities

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSASICW503A, 'Provide advice in Securities'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Provide advice in Securities' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria



1. Establish relationship with client and identify client's objectives, needs and financial situation

1.1. The financial products and services knowledge level of the client is established

1.2. Enquiries in relation to Securities products and services are responded to by explaining the range of products and services available and their relevant fee and charging methodology

1.3. Client is informed of the role of the adviser and the licensee or principal responsible for the adviser's conduct including procedures for complaints handling and the circumstances in which they should be engaged

1.4. The client's personal, financial and business details are obtained and their needs identified by encouraging expression of their objectives and goals

1.5. Product risk profile of the client and their expectations of cash flow and relevant taxation obligations are established

2. Analyse client's objectives, needs, financial situation and risk profile to develop appropriate strategies and solutions

2.1. An assessment of client's needs is undertaken, utilising all information gathered and taking into account client's product expectations and specific needs

2.2. Client is consulted throughout the analysis for further clarification where necessary

2.3. The need for specialist advice is analysed and the client is referred to appropriate adviser for higher level or specialist advice if required

2.4. Product risk profile of the client is assessed and agreed demonstrating understanding of the ASIC identified generic and specialist knowledge relevant to the products being offered

2.5. An appropriate strategy to provide for identified needs and outcomes is determined from analysis of products, client risk profile and assessment of their needs

2.6. Relevant research, analysis and product modelling is conducted and an appropriate solution, plan, policy or transaction drafted for presentation to the client

3. Present appropriate strategies and solutions to client and negotiate a financial plan, policy or transaction

3.1. Product knowledge appropriate for the service or product offered is demonstrated when presenting the product

3.2. The proposed transaction is explained and discussed with the client in a clear and unambiguous way

3.3. Relevant details, terms and conditions of product/service are reinforced to client

3.4. Impacts and possible risks of the solution are disclosed in a clear and concise manner to the client

3.5. Client is provided with written supporting documentation and guided through the key aspects of the documentation

3.6. Concerns or issues the client has regarding the proposed plan, policy or transaction are discussed and clarified

3.7. Confirmation is sought from client that they understand the proposed plan, policy or transaction

4. Agree the plan, policy or transaction and complete documentation

4.1. The client's formal agreement to the proposed plan, policy or transaction is gained

4.2. Associated fee and cost structures and timeframes for execution and processing are clearly explained and confirmation of understanding gained from the client

4.3. Proposal and all other statutory and transactional documents are completed and signed off by the client

4.4. Copies of appropriate documentation and the signed agreement are exchanged

5. Provide ongoing service where requested by client

5.1. Type and form of ongoing service including reporting on performance and review of plan, policy or transaction is agreed with the client

5.2. Fees and costs for ongoing and specifically defined service are clearly explained and confirmation of understanding gained from the client

5.3. Ongoing service is provided as required

Qualifications and Skillsets

FNSASICW503A appears in the following qualifications:

  • FNS60710 - Advanced Diploma of Financial Licensing Management
  • FNS60410 - Advanced Diploma of Financial Planning
  • FNS51010 - Diploma of Financial Markets
  • FNS60711 - Advanced Diploma of Financial Licensing Management
  • FNS51011 - Diploma of Financial Markets