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Diploma of Financial Planning

FNS50611
Average Course Fee: Not available
Average Duration: Not available

This qualification is for financial planners who provide a range of standard financial planning services and individuals providing specialist para-planning services.

These are the outcomes of graduates surveyed six months after completing their training for Diploma of Financial Planning

83.0%

Satisfied with the training
55.7%

Received job-related
benefits from training
Finance Broker ( ANZSCO code 222112)
Expected job openings
Expected job openings are: average Low Below average Average Above average High
Average
25,400 persons were employed as Financial Brokers in 2015. Job openings over the next 5 years are expected to be between 10,001 and 25,000.
Average weekly full time earnings
Average weekly full time earnings are: above average Low Below average Average Above average High
Above average
Average weekly full time earnings before tax for Financial Brokers in 2014 are: $1,552. Average earnings for all occupations are: $1,200
Source: Department of Employment. For full details on Financial Brokers visit Job Outlook

15 units must be achieved:

9 core units

plus 6 elective units

4 elective units must be selected from the elective units listed below.

The remaining 2 elective units may be selected from the elective units listed below, any endorsed Training Package or accredited course. Elective units may be selected from a Certificate IV, Diploma or Advanced Diploma qualification.

Note: Para-planners must select the unit marked ‘*’

Elective units must be relevant to the work outcome, local industry requirements and the qualification level.

Core units of competency:

  • FNSASICZ503A Provide advice in Financial Planning
  • 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
  • FNSFPL506A Determine client requirements and expectations
  • FNSINC401A Apply principles of professional practice to work in the financial services industry
  • BSBITU402A Develop and use complex spreadsheets
  • Elective units of competency:

  • BSBCUS501C Manage quality customer service
  • BSBINM401A Implement workplace information system
  • FNSIBK403A Implement an agreed insurance program for a broking client
  • FNSIBK506A Monitor broking clients
  • FNSIBK507A Review broking client service performance
  • FNSIBK508A Implement changes to broking client's insurance program
  • FNSCUS505A Determine client requirements and expectations
  • FNSCUS506A Record and implement client instructions
  • BSBSMB405B Monitor and manage small business operations
  • BSBSUS501A Develop workplace policy and procedures for sustainability
  • FNSASIC301C Establish client relationship and analyse needs
  • FNSASIC302C Develop, present and negotiate client solutions
  • FNSASICQ503A Provide advice in First Home Saver Market Linked Accounts
  • FNSASICU503A Provide advice in Superannuation
  • FNSASICX503A Provide advice in Life Insurance
  • FNSASICY503A Provide advice in Insurance Broking
  • FNSFPL507A Provide financial planning advice
  • FNSFPL508A Conduct complex financial planning research*
  • FNSIAD501A Provide appropriate services, advice and products to clients
  • FNSCUS501A Develop and nurture relationships with clients, other professionals and third party referrers
  • FNSCUS502A Monitor client requirements
  • FNSCUS503A Review business performance
  • FNSINC501A Conduct product research to support recommendations
  • Read More

    Find a course unit



    The following occupations relate to this qualification.

    Senior Financial Planner
    The following industry sectors relate to this qualification.

    Business Services
    Financial Planning
    Financial Services



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    Duration : not provided  


    Training Provider Comparison

    Course summary
    This organisation only provides assessment services for this course
    For more information about this provider’s delivery of , please contact the training provider directly.
    Provider code:
    Course length:
    Study mode:
    Course available as an Australian Apprenticeship or Traineeship
    Provider description
    Course fees
    Duration
    Online delivery

    Online (training available online or via email submission)

    This provider has not supplied specific information about their delivery of

    Please contact them below for further details

    ENQUIRE NOW

    Training provider summary
    This training organisation provides:
      Delivery and assessment services.
      Assessment only services.
      Courses of study through Australian Apprenticeships and Traineeships.
      Recognition for prior learning.
      Financial assistance via VET Student Loans.
    Training provider type
    Registration status
    Subsidies
    This training provider is authorised to deliver subsidised courses in the following states and territories
    1. ACT
      ACT
    2. NSW
      NSW
    3. NT
      NT
    4. QLD
      QLD
    5. SA
      SA
    6. TAS
      TAS
    7. VIC
      VIC
    8. WA
      WA
    Training options
    This training provider offers courses in the following delivery modes:

    The following facilities are required at the training site:

    Offsite training is avaliable in the following locations:
    Within a radius of Km from
    Limited to the following cities:
    Limited to the following postcodes:
    Online (training available online or via email submission)
    Distance (training available via correspondence)
    Attendance required (training includes some fixed-time online lectures or fixed time class components)
    Fixed submission dates (assessment pieces have set submission dates)
    Self-paced (training has no set class times of set submission dates)

    Facilities
    Services
    Name
    Phone
    Fax
    Email
    Address
    Training organisation website
    Course enrolment webpage
    APPLY FOR THIS COURSE

    RTO Code: | Type: | Operating since
    Course fee: not provided
    Subsidies available
    VET Student Loan eligible
    Duration: not provided
    Available online
    This organisation only provides assessment services for this course

    Course always available

    The following facilities are required at the training site:

    Offsite training is avaliable in the following locations:
    Within a radius of deliveryItem.Radius Km from
    Limited to the following cities:
    Limited to the following postcodes:
    Online (training available online or via email submission)
    Distance (training available via correspondence)
    Attendance required (training includes some fixed-time online lectures or fixed time class components)
    Fixed submission dates (assessment pieces have set submission dates)
    Self-paced (training has no set class times of set submission dates)

    This RTO can offer VET Student Loans for certain approved courses. A VET Student Loan is a capped loan from the Australian Government to help you pay your tuition fees. Your initial loan debt amount (loan and loan fee, if applicable), plus indexation, must be paid back once you start earning over a certain amount. The amount for the 2016-2017 income year is $54,869.

    For more information, visit the Department of Education and Training or StudyAssist.


    Contact information
    Name
    Phone
    Fax
    Address
    Training organisation website Campus website
    Student outcomes for Diploma of Financial Planning

    These are the outcomes of graduates surveyed six months after completing their training for Diploma of Financial Planning

    43.8%

    Of people who were not employed before starting their course were employed after completing it.
    Professionals
    56.3 %

    Business, Human Resource and Marketing Professionals

    Of those employed after training, were in the same occupation as their course.
    Professionals
    58.5%
    Professionals
    Clerical and Administrative Workers
    23.2%
    Clerical and Administrative Workers
    Managers
    7.7*%
    Managers
    Median salary of those employed in their first full-time job
    (includes those employed prior to training)

    $71,000

    $52,200

    $44,300


    Destination
    after training
    This
    course
    Similar
    courses
    All Diploma courses
    Employed or in further study after training (%) 90.6 89.9 88.1
    Employment outcomes:
    Employed (%)
    Full-time (%)
    Part-time (%)
     
    83
    64.3
    18.7
     
    82.2
    61.2
    20.7
     
    78.4
    46.3
    31.9
    Further study outcomes:
    Enrolled at University (%)
    Enrolled at TAFE (%)
    Enrolled at Other provider (%)
     
    7.6*
    -
    29.2
     
    11.5
    6.2
    16.3
     
    15.2
    6.6
    13.2
    Satisfied with the training (%) 83 86 84.3
    Received job-related benefits from training (%) 55.7 56 63.7
    Received personal benefits from training (%) 85.7 93 94.8
    Achieved main reason for undertaking training (%) 80.5 80.7 82
    Recommend the training to other (%) 91.9 90.7 90.1

    Employment
    status
    This
    course
    Similar
    courses
    All Diploma courses
    Median salary (Full-time) ($) 71,000 52 200 44 300
    Top Occupations (%):
    Professionals
    Clerical and Administrative Workers
    Managers
     
    58.5
    23.2
    7.7*
     
    26.2
    24.4
    22.5
     
    30.7
    21.6
    14.5
    Top Industries (%):
    Financial and Insurance Services
    Professional, Scientific and Technical Services
    Retail Trade
     
    47.2
    28.9
    5.6*
     
    14.9
    13.9
    11.7
     
    28.6
    10.3
    7.8

    Employment
    status
    This
    course
    Similar
    courses
    All Diploma courses
    Employed after training (%) - 92.3 89.3
    Median salary (Employed full-time) ($) - 54 900 46 800
    Enrolled in further study (%) - 32.5 33.3
    Satisfied with the training (%) - 86.4 84.6
    Achieved main reason for undertaking training (%) - 83.4 84.9

    Employment
    status
    This
    course
    Similar
    courses
    All Diploma courses
    Employed after training (%) 43.8 35.9 43.4
    Median salary (Employed full-time) ($) - 35 400 39 000
    Enrolled in further study ($) 39.8 41.4 40.1
    Satisfied with the training (%) - 84.4 83.8
    Achieved main reason for undertaking training (%) - 67.2 73.3

    Please Note:
    All statistics are supplied by the National Centre for Vocational Education Research.
    * The estimate has a relative standard error greater than 25% and therefore should be used with caution.
    ** NCVER does not report on estimates based on less than 5 respondents because the estimates are unreliable.
    For more information, please refer to the Statistics Explained page.

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    Financial and Insurance Services
    47.2
    Financial and Insurance Services
    Professional, Scientific and Technical Services
    28.9
    Professional, Scientific and Technical Services
    Retail Trade
    5.6*
    Retail Trade