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Diploma of Financial Planning

FNS50615
Average Course Fee: $3800
Average Duration: 1 Year

This qualification is for financial planners who provide a range of standard financial planning services and individuals providing specialist para-planning services. Individuals in these roles require well-developed skills and a broad knowledge base of the financial planning sector and the ASIC regulatory framework. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others.

Licensing/Regulatory Information

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

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

82.5%

Satisfied with the training
78.0%

Received job-related
benefits from training
Financial Investment Adviser ( ANZSCO code 222311)
Expected job openings
Expected job openings are: above average Low Below average Average Above average High
Above average
51,800 persons were employed as Financial Investment Advisers and Managers in 2015. Job openings over the next 5 years are expected to be between 25,001 and 50,000.
Average weekly full time earnings
Average weekly full time earnings are: high Low Below average Average Above average High
High
Average weekly full time earnings before tax for Financial Investment Advisers and Managers in 2014 are: $1,753. Average earnings for all occupations are: $1,200
Source: Department of Employment. For full details on Financial Investment Advisers and Managers visit Job Outlook

This course is eligible for a VET Student Loan from the Australian Government to assist you with paying for your tuition fees. Your initial debt amount (including the loan fee, if applicable) plus indexation must be paid back once you start earning over a certain amount. The compulsory repayment threshold for the 2017-2018 income year is $55,874.

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

This course may be subsidised in the following state and territories

  1. ACT
  2. NSW
  3. NT
  4. QLD
  5. SA
  6. TAS
  7. VIC

For more information about financial support and subsidies for training, please refer to the Financial assistance page

Total number of units = 15

9 core units plus

6 elective units

The elective units consist of:

  • 4 from the electives below
  • Of the remaining 2 units:

  • up to 2 may be from the electives
  • up to 2 may be from a Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course.
  • Note: Para-planners must select:

  • FNSFPL508 Conduct complex financial planning research
  • The elective units chosen must be relevant to the work outcome and meet local industry needs.

    Core Units

    BSBITU402 Develop and use complex spreadsheets

    FNSASICZ503* Provide advice in financial planning

    FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations

    FNSFPL502 Conduct financial planning analysis and research

    FNSFPL503 Develop and prepare financial plan

    FNSFPL504 Implement financial plan

    FNSFPL505 Review financial plans and provide ongoing service

    FNSFPL506 Determine client financial requirements and expectations

    FNSINC401 Apply principles of professional practice to work in the financial services industry

    Elective Units

    BSBCUS501 Manage quality customer service

    BSBINM401 Implement workplace information system

    BSBSMB405 Monitor and manage small business operations

    BSBSUS501 Develop workplace policy and procedures for sustainability

    FNSASIC301 Establish client relationship and analyse needs

    FNSASIC302 Develop, present and negotiate client solutions

    FNSASICQ503* Provide advice in first home saver market linked accounts

    FNSASICU503* Provide advice in superannuation

    FNSASICX503* Provide advice in life insurance

    FNSASICY503* Provide advice in insurance broking

    FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers

    FNSCUS502 Monitor client requirements

    FNSCUS503 Review business performance

    FNSCUS505 Determine client requirements and expectations

    FNSCUS506 Record and implement client instructions

    FNSFPL507 Provide financial planning advice

    FNSFPL508 Conduct complex financial planning research

    FNSIAD501 Provide appropriate services, advice and products to clients

    FNSIBK403 Place client insurances with insurer and confirm insurance cover with clients

    FNSIBK406 Deliver professional insurance broking services

    FNSIBK507 Review service performance

    FNSIBK508 Implement changes to broking client's insurance program

    FNSIBK513 Prepare submission for new business

    FNSIBK515 Monitor broking client requirements and establish loss control programs

    FNSINC501 Conduct product research to support recommendations

    *Note the following prerequisite unit requirements:

    Unit in this qualification

    Prerequisite unit

    FNSASICZ503 Provide advice in financial planning

    FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations

    FNSFPL502 Conduct financial planning analysis and research

    FNSFPL503 Develop and prepare financial plan

    FNSFPL504 Implement financial plan

    FNSFPL505 Review financial plans and provide ongoing service

    FNSASICQ503 Provide advice in first home saver market linked accounts

    FNSINC501 Conduct product research to support recommendations

    FNSIAD501 Provide appropriate services, advice and products to clients

    FNSCUS505 Determine client requirements and expectations

    FNSCUS506 Record and implement client instructions

    FNSASICU503A Provide advice in superannuation

    FNSINC501 Conduct product research to support recommendations

    FNSIAD501 Provide appropriate services, advices and products to clients

    FNSCUS505 Determine client requirements and expectations

    FNSCUS506 Record and implement client instructions

    FNSASICX503 Provide advice in life insurance

    FNSINC501 Conduct product research to support recommendations

    FNSIAD501 Provide appropriate services, advice and products to clients

    FNSCUS505 Determine client requirements and expectations

    FNSCUS506 Record and implement client instructions

    FNSASICY503 Provide advice in insurance broking

    FNSIBK406 Deliver professional insurance broking services

    FNSIBK508 Implement changes to broking client’s insurance program

    FNSIBK513 Prepare submission for new business

    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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    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
    Course and additional fees information
    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
    *Information is provided by the RTO, no warranty is given by the Commonwealth as to the accuracy or reliability of the information.

    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 2017-2018 income year is $55,874.

    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

    77.8%

    Of people who were not employed before starting their course were employed after completing it.
    Professionals
    73.1 %

    Business, Human Resource and Marketing Professionals

    Of those employed after training, were in the same occupation as their course.
    Professionals
    80.2%
    Professionals
    Clerical and Administrative Workers
    8.9*%
    Clerical and Administrative Workers
    Managers
    7.9*%
    Managers
    Median salary of those employed in their first full-time job
    (includes those employed prior to training)

    $64,000

    $52,200

    $44,300


    Destination
    after training
    This
    course
    Similar
    courses
    All Diploma courses
    Employed or in further study after training (%) 97.3 89.9 88.1
    Employment outcomes:
    Employed (%)
    Full-time (%)
    Part-time (%)
     
    92.9
    81.3
    11.6*
     
    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 (%)
     
    8.1*
    0
    28.8
     
    11.5
    6.2
    16.3
     
    15.2
    6.6
    13.2
    Satisfied with the training (%) 82.5 86 84.3
    Received job-related benefits from training (%) 78 56 63.7
    Received personal benefits from training (%) 88.9 93 94.8
    Achieved main reason for undertaking training (%) 92.1 80.7 82
    Recommend the training to other (%) 89.4 90.7 90.1

    Employment
    status
    This
    course
    Similar
    courses
    All Diploma courses
    Median salary (Full-time) ($) 64,000 52 200 44 300
    Top Occupations (%):
    Professionals
    Clerical and Administrative Workers
    Managers
     
    80.2
    8.9*
    7.9*
     
    26.2
    24.4
    22.5
     
    30.7
    21.6
    14.5
    Top Industries (%):
    Financial and Insurance Services
    Professional, Scientific and Technical Services
     
    65
    28
     
    14.9
    13.9
     
    28.6
    10.3

    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 (%) 77.8 35.9 43.4
    Median salary (Employed full-time) ($) - 35 400 39 000
    Enrolled in further study (%) 36.9 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
    65
    Financial and Insurance Services
    Professional, Scientific and Technical Services
    28
    Professional, Scientific and Technical Services