Advanced Diploma of Paraplanning

The Advanced Diploma of Paraplanning (FNS60920) is the step up you need to show employers that you’re committed to delivering high-level, quality advice as a value add to your general accounting practice. This brand new Advanced Diploma covers everything from the beginning stages of researching financial products to presenting and implementing financial advice. It’s ideal for candidates who want to be prepared for the real world of financial services, or alternatively, for the rigours of studying at university level.

The IPA is pleased to recommend Monarch Institute as our training provider of choice for the Advanced Diploma of Paraplanning. Monarch was founded by financial advice veterans who wanted to change the way that accredited training prepared graduates for real-world challenges. Since founding, Monarch has trained thousands of financial advice, accounting and bookkeeping professionals. They’re now serving small business clients just like yours all over Australia, in sole practice and big-name firms alike. So you know you’ll be in good company as a Monarch graduate.

What about the new financial planning education requirements?

From January 2019, the government’s Financial Advice Standards and Ethics Authority (FASEA) will require new advisers entering the industry to have a minimum bachelor-level qualification.

Once you complete your Advanced Diploma, you can get work in the financial services industry, or continue on to university-level study. By January 2024, all advisers will be required to hold a minimum bachelor-level qualification. For Monarch graduates, there are advanced standing pathway options available. This means that if you’ve got an Advanced Diploma, it’ll take you less time to earn the bachelor or postgraduate-level qualification you need to meet FASEA requirements. For more information, you can chat to a course consultant.

What you’ll cover in the Advanced Diploma of Financial Planning

The Advanced Diploma of Paraplanning comprises 12 nationally recognised units of competency. These units are grouped into eight themes. This means you study and apply related ideas and principles at the same time, giving you a holistic overview of each topic. The themes and units are:

The Paraplanner

  • Conduct work according to professional practices in the financial services industry (FNSINC411)
  • Comply with ethical and operational guidelines, legislation and regulations in financial planning (FNSFPL621)

The Client

  • Record and implement client instructions (FNSCUS516)

The Practice

  • Monitor and review organisational system compliance with legislation and regulations (FNSPRM611)

Managed Funds Advice

  • Prepare advice in managed investments (FNSFPL609)

Research Activities

  • Conduct financial product research to support product recommendations (FNSINC511)
  • Conduct financial planning analysis and research (FNSFPL622)

Superannuation Advice

  • Prepare advice in superannuation (FNSFPL610)

Insurance Advice

  • Prepare advice in life insurance (FNSFPL619)

Prepare, Present, and Implement Advice

  • Develop financial plans (FNSFPL614)
  • Present and negotiate financial plans (FNSFPL615)
  • Implement financial plans (FNSFPL616)

Getting started

There are no term dates or enrollment deadlines. At Monarch Institute, you can start your studies when it suits you.

The first step is chatting to a Course Consultant about your study options and needs. Call 1300 738 955 now to get started.

Click here to download a brochure or click here to enrol today.