Diploma of Financial Planning
The Diploma of Financial Planning (FNS50615) is the industry endorsed requirement for accountants who are required to provide financial advice to their clients, or to those entering the financial planning profession.
As well as providing business and taxation advice, accountants are increasingly being asked to provide clients with advice on their superannuation, including the establishment or winding up of an SMSF.
Under ASIC regulations, accountants who offer financial services advice to their clients now have to complete a relevant qualification that meets the educational requirements of ASIC’s Regulatory Guideline 146 – or ‘RG146’ as we know it, and be appropriately licensed under ASIC’s financial services licensing framework. Providing advice on financial services without being licensed places you at significant risk of prosecution by ASIC.
The Diploma of Financial Planning we offer has been designed to meet ASIC requirements, and we are proud to offer this in partnership with Mentor Education (RTO 21683). Established in 2002, Mentor has fast become one of the longest established, reputable Australian owned and operated RG146 compliance training providers in the country.
Mentor is authorised to deliver and assess against nationally recognised qualifications within the National Finance and Business Training Framework.
Mentor Education's state of the art eLearning platform, CPDplus, delivers continuing professional development and eLearning on the same platform.
Mentor’s Professional Pathways program provides graduates with access to University qualifications and advance standing through articulation to Griffith University and the University of New England (UNE), who deliver the IPA Program to our members.
There are no prerequisites for enrolling in the Diploma of Financial Planning. However, it is recommended that you have a strong grasp of literacy and numeracy.
Members seeking to complete the Diploma must complete DFP 1 – Financial Advice before they undertake any of the specialist courses of life insurance, superannuation and investment. The Financial Plan Preparation element is the final assessment task.
Express Classroom Option
From time to time in Australian capital cities, we also offer you the opportunity to complete the Diploma of Financial Planning in an express classroom setting.
We are currently offering the following sessions:
|Venue||TBA||Metro Hotel Sydney Central, 431 Pitt St Sydney||The Mill Hotel, 239 Wickham Terrace, SPRING HILL QLD 4000||CAE Precinct, 253 Flinders Lane, Building B, Melbourne VIC 3000||Metro Hotel Perth, 61 Canning Highway, South Perth, WA 6151|
|DFP 1 Financial Advice||1 February 2017||6 February 2017||6 February 2017||20 February 2017||20 February 2017|
|DFP 2 Life Insurance||2 February 2017||7 February 2017||7 February 2017||21 February 2017|
|DFP 4 Investments||3 February 2017||8 February 2017||8 February 2017||22 February 2017|
|DFP 3 Superannuation||15 February 2017||22 February 2017||22 February 2017||8 March 2017||21 February 2017|
|SMSF||16 February 2017||23 February 2017||23 February 2017||9 March 2017||22 February 2017|
|Assignment Workshop 1||17 February 2017||24 February 2017||24 February 2017||10 March 2017|
|Assignment Workshop 2||20 – 21 March 2017||27 – 28 March 2017||27 – 28 March 2017||10 – 11 April 2017|
Who should enrol?
You should enrol if you are:
- Working within the financial planning profession and looking to meet ASIC’s qualification requirement as an authorised financial adviser.
- Wanting to enter or re-enter the industry and require the industry endorsed RG146 qualification to provide advice to retail clients.
- Seeking to expand your existing financial services skills and industry knowledge.
The Diploma of Financial Planning will provide you with:
- The confidence to engage with a broad client base.
- The ability to identify various financial planning needs.
- The tools to assess and consider your client’s risk profile.
- The practical knowledge and technical expertise to meet the objectives of retail clients in the areas of insurance, superannuation and investment.
- An appreciation of best practice standards in financial services.
- the ability to know what type of advice you can provide.
- An understanding of what written warnings you must provide a client to inform them of the type of advice they are providing (i.e. warning prior to meeting, and signed at meeting)
- The ability to make an informed decision about becoming an authorised representative of an AFSL
- The opportunity of adding financial planning as a client offering (i.e. increased business valuation and revenue per client).
We have designed our assessment activities in line with best practice standards to help you deliver quality advice outcomes to your clients.
Each subject includes:
- A multiple choice knowledge test.
- Short answer responses to a practical case study.
Learners seeking the full qualification are required to develop and present a Financial Plan (SoA).
Complete Diploma including SMSF module, studied online
Individual price per module, studied online
Is RG146 all I need to provide advice?
Undertaking the course is the first step in RG 146 accreditation; you need to become licensed or authorised to provide financial advice, once your studies have been completed.
For more information on how to become an authorised financial planner with ASIC approval upon completion of the Diploma, click here.
For information on assistance with nominating an Australian Financial Services Licensee to provide advice to your clients, click here.
Module 1 - Financial Advice
Australian Industry Essentials and Fundamentals of Financial Advice must be the first subject completed before any of the specialist knowledge subject(s).
Module 2 - Life Insurance Advice
This specialist knowledge area will equip you with the expertise and technical skills to provide compliant life insurance advice to clients on -
Module 3 - Superannuation Advice
This specialist knowledge area will equip you with the expertise and technical skills to provide compliant superannuation advice to clients on:
Module 4 - Investment Advice
This specialist knowledge area will equip you with the expertise and technical skills to provide compliant managed investment and securities advice to clients on:
Additional SMSF Optional Component
Please note that you must complete DFP1 Financial Advice and DFP 3 Superannuation prior to commencing this additional component.
BSBITU402 Develop and use complex spreadsheets
FNSASICZ503 Provide advice in financial planning
FNSFPL501 Comply with financial planning practice ethical 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
FNSFPL507 Provide financial planning advice
FNSFPL508 Conduct complex financial planning research
FNSIAD501 Provide appropriate services, advice and products to clients
FNSINC501 Conduct product research to support recommendations
FNSCUS505 Determine client requirements and expectations
FNSASICU503 Provide advice in superannuation
FNSASICX503 Provide advice in life insurance
FNSASICT503 Provide advice in Managed Investments
FNSASICW503 Provide advice in Securities
FNSFMK502 Analyse financial market products for client
FNSFMK503 Advise clients on financial risk
FNSCUS506 Record and implement client instructions
FNSSMS501 Invest in self-managed superannuation funds assets
FNSSMS601 Provide advice in self-managed superannuation funds
FNSSMS602 Apply taxation requirements when advising in self-managed superannuation funds
FNSSMS603 Apply legislative and operational requirements to advising in self-managed superannuation funds
FNSSMS505 Support trustee in the selection and performance monitoring of outsourced services
Financial Plan Construction
Upon completion of the specialist knowledge subjects, a Statement of Advice (SoA) is researched, developed, implemented, presented, and reviewed.
Self-paced online learning provides you with:
- Flexibility to study online anywhere
- Access to an experienced financial adviser between Monday to Friday, 9am – 5pm by telephone and email to receive timely support and feedback.
- 10 months to complete your assessment tasks