DIPLOMAS
Diploma of Financial Planning
Program Structure
The financial services industry stipulates that product advisors require the Diploma of Financial Planning and the additional ASIC Tier 1 product compliance modules, commonly referred to as RG146 compliance in order to satisfy minimum educational requirements.
RMIT’s delivery model for the Diploma of Financial Planning incorporates the following financial compliance RG146 specialist areas: Financial planning, Superannuation, Life Insurance and Managed Investments.
In order to meet the minimum educational requirements for RG146 in the four financial compliance specialist areas students are advised to complete all 8 (eight) elective units from the list below in the program structure . These include 2 (two) additional ASIC units that meet the specialist knowledge requirements in Life Insurance and Managed Investments. These are:
- BAFI5221C Provide advice in managed investments (FNSASICT503)
- BAFI5219C Provide advice in life insurance (FNSASICX503)
| Course Title | Nominal Hours | Course Code | Campus |
|---|---|---|---|
| Apply principles of professional practice to work in the financial services industry (FNSINC401) | 30 | EMPL7068C | City Campus |
| Comply with financial planning practice ethical and operational guidelines and regulations (FNSFPL501) | 50 | BAFI5212C | City Campus |
| Determine client financial requirements and expectations (FNSFPL506) | 60 | BAFI5217C | City Campus |
| Conduct financial planning analysis and research (FNSFPL502) | 50 | BAFI5213C | City Campus |
| Develop and prepare financial plan (FNSFPL503) | 60 | BAFI5214C | City Campus |
| Develop and use complex spreadsheets (BSBITU402) | 50 | COSC6185C | City Campus |
| Implement financial plan (FNSFPL504) | 50 | BAFI5215C | City Campus |
| Review financial plans and provide ongoing service (FNSFPL505) | 40 | BAFI5216C | City Campus |
| Provide advice in financial planning (FNSASICZ503) | 50 | BAFI5211C | City Campus |
| Course Title | Nominal Hours | Course Code | Campus |
|---|---|---|---|
| Determine client requirements and expectations (FNSCUS505) | 70 | MKTG7918C | City Campus |
| Record and implement client instructions (FNSCUS506) | 75 | MKTG7919C | City Campus |
| Provide advice in superannuation (FNSASICU503) | 50 | BAFI5218C | City Campus |
| Conduct complex financial planning research (FNSFPL508) | 50 | BAFI5220C | City Campus |
| Conduct product research to support recommendations (FNSINC501) | 80 | MKTG7921C | City Campus |
| Provide appropriate services, advice and products to clients (FNSIAD501) | 150 | MKTG7920C | City Campus |
| Course Title | Nominal Hours | Course Code | Campus |
|---|---|---|---|
| Provide advice in managed investments (FNSASICT503) | 50 | BAFI5221C | City Campus |
| Provide advice in life insurance (FNSASICX503) | 50 | BAFI5219C | City Campus |
