Course overview
Extending on prior learnings, this course aims to provide students with an advanced understanding of the key issues and factors, including taxation, that impact on the selection of financial and investment strategies for development of a comprehensive Statement of Advice (SOA). Learners will gain expertise in identifying the impact of behavioural biases on client financial choices and implications for adviser recommendations, and in recognising the importance of long-term financial, tax, and investment planning for the maintenance of and improvement to the investor’s lifestyle.
- The Financial Advice Process and Retirement Planning
- Investments, Insurances, Taxation and Social Security
- The Statement of Advice (SOA) and Success in Financial Planning Practice
Course learning outcomes
- Analyse, articulate and contextualise the roles of behavioural, legislative and ethical considerations on decision making within the financial planning process and their impact on the client-advisor relationship.
- Review and evaluate information to develop and justify personalised budgeting, cash flow, and wealth management recommendations to meet client specific needs over their financial life cycle.
- Investigate and discuss a wide range of issues and considerations, including taxation and social security, that impact the development of client-specific wealth creation and retirement planning strategies as embodied in a SOA.
- Contextualise required information and propose compelling recommendations effectively to clients by constructing comprehensive Statements of Advice (SOA) and other documents relevant to the financial planning process.