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Derivatives Adviser

Derivatives Adviser is a short course designed for individuals who require RG146 compliance and authorisation by an Australian Financial Services License (AFSL) holder to provide advice on regulated Derivatives products.

For existing authorised representatives, successful completion of this course allows you to extend your advisory range into Derivatives products.

Focused on your Success

We recognise that employers are increasingly looking for candidates who are aware of the challenges of being a successful financial adviser. Often a candidate’s Qualification is the only evidence that they possess the technical knowledge and skills requirements to conduct themselves professionally as an authorised representative.

With a Mentor Education Training Australia qualification you have confidence in the fact that you will be equipped with the skills and knowledge gained from a credible industry-endorsed program that employs best practice assessment standards, helping you graduate at the leading edge of your chosen field.

Course Outcome

The Derivatives Adviser course will equip you with the specialist knowledge and technical skills to provide compliant advice to clients seeking to manage investment risk by using Derivatives products.

Even experienced property investment advisers will benefit from this course by becoming RG146 compliant and made aware of their legal rights and responsibilities as a consultant.

RG146 Registered

Mentor Education’s courses offer more than just compliance training that meets the requirements of Regulatory Guideline 146 (RG146). They are designed to engage and challenge, so that you or your advisers are equipped with both the skills and knowledge required to deliver quality advice outcomes to your clients.

Who Should Enrol?

This course is suitable for:

  • individuals seeking employment with Derivatives dealers
  • individuals engaged in the promotion of Derivatives products
  • financial advisers seeking to enhance their investment advisory capability
  • asset consultants
  • trustees and Responsible Managers with responsibility for portfolios with exposure to Derivatives products

Course Entry Requirement

This is an open entry course with no pre-requisite qualifications. In order for participants to successfully complete this course, it is recommended they have a strong grasp of literacy and numeracy.

Level of Advice

All financial product advice are labelled under two types of advice: general advice or personal advice. ASIC has provided guidance as to the difference between general advice and personal advice. Both general advice and private advice are outlined under section 766B of the Corporations Act.

General Advice

General Advice relates to financial products or investments that can be obtained from an individual that holds an Australian Financial Services Licence (AFSL) or similarly works for a company that has an AFSL.

The advice is classified as general information provided to a client on a particular product or strategy but does not take into account the clients’ personal financial circumstances.

Furthermore, for general advice the individual will receive a current Financial Services Guide (FSG) from their adviser at the first meeting and if a product is discussed, a Product Disclosure Statement (PDS) for each product will be provided if strategies are discussed, and a relevant client fact sheets will also be provided.

Personal Advice

Advice is deemed personal if the adviser has to consider one or more objectives of the client's personal circumstances, objectives, financial situation or needs.

For personal advice the adviser will provide the client with a current Financial Services Guide (FSG) and a Statement of Advice (SoA), and all relevant Product Disclosure Statements and supporting Financial Statements (where relevant).

The client will also be required to sign an engagement letter, scope of advice, and fee agreement forms.


Individuals seeking to provide Tier 1 compliant advice on Derivatives products, are required to successfully complete two modules. which are:

  • DFP 1 - Financial Advice
    consisting of Australian Industry Essentials and Financial Advice Fundamentals. Financial Advice Fundamentals to be completed only for personal advice.
  • Derivatives

DFP 1 - Financial Advice module sets the foundation by teaching the financial advice process, which is reinforced in the Derivatives module.

Modules

General Advice

This type of advice required students to complete the following modules:

  • DFP1 - Australian Industry Essentials
  • Derivatives

Personal Advice

This type of advice required students to complete the following modules:

  • DFP1 - Australian Industry Essentials
  • DFP1 - Financial Advice Fundamentals
  • Derivatives

Australian Industry Essentials (Generic Knowledge)

Australian Industry Essentials and Fundamentals of Financial Advice must be the first subject completed before any of the specialist knowledge subject(s).

  • Australian Economy
  • Australian Financial Markets
  • Investment Funds
  • Corporations Act
  • Regulatory Environment
  • Licensees & Representatives
  • Ethics

Financial Advice Fundamentals

Pre-requisite for Personal Advice only (not General Advice) in Derivatives. If you are providing Personal Advice, than the following Parts are required, in addition to the above Australian Industry Essentials (above) and the Derivatives Advice (below).

  • Personal Taxation
  • Social Security
  • Wealth Creation
  • Estate Planning
  • Establishing Client Relationships
  • Identify Client Objectives and Financial Situation
  • Analyse Client Objectives and Financial Situation
  • Develop Strategies and Solutions
  • Present Strategies and Negotiate Solutions
  • Implement Agreed Plan
  • Provide Ongoing Service

Derivatives

Specialist Knowledge

  • Introduction to Derivatives
  • Introduction to Equity Options
  • Option Pricing (1)
  • Option Pricing (2)
  • The Taken Call
  • The Taken Put
  • The Written Call
  • The Written Put
  • Index Options
  • Options Trading, Clearing and Settlement
  • Warrant Issuers
  • Introduction to Trading Warrants
  • Index, Currency and Commodity Warrants
  • Introduction to Installments
  • Installments, Endowments and SIPs
  • Introduction to Futures
  • Futures Strategies
  • CFD

Competencies

This course includes nationally recognised units

Derivatives General Advice

FNSIAD301 Provide general advice on financial products and services

Derivatives Personal Advice

FNSASICV503 Provide advice in Derivatives
FNSCUS505 Determine client requirements and expectations
FNSCUS506 Record and implement client instructions
FNSFMK502 Analyse financial market products for client
FNSFMK503 Advise clients on financial risk

Assessment

We have designed our assessment activities in line with best practice standards to help you deliver quality advice outcomes to your clients.

General Advice

  • Multiple choice knowledge test for each part
  • Short answer responses to a written assignment

Personal Advice

  • Multiple choice knowledge test for each part.
  • Short answer responses to a practical case study.
  • Skills assessment, telephone based personal advice role play.

Our friendly and experienced team will provide support and assessment feedback as you progress through your studies.

FLEXIBLE DELIVERY OPTIONS: NATION-WIDE

Mentor specialises in providing professional education and training services to you anywhere, any-time. We appreciate that learning needs differ for each individual and organisation, which is why we allow you to select the approach that works best for you.

General Advice

If you only intend to inform clients about a product without making a recommendation this is the course for you.

Study Online, Workshop or customised In-house Training and start this Monday at 11 am with an Induction Webinar.

Online
  • No hidden costs
  • Self-Paced
  • Start anytime
  • Online assessment
  • 1300 phone support

$780.00

ENROL NOW
Download Enrolment Form
and Payment Form

Enrol by 5pm Friday, to access our induction webinar 11am Monday

Personal Advice

If you intend to recommend a product taking a clients personal situation into account, this is the course for you.

Study Online, Workshop or customised In-house Training and start this Monday at 11 am with an Induction Webinar.

Online
  • No hidden costs
  • Self-Paced
  • Start anytime
  • Online assessment
  • 1300 phone support

$1,040.00

ENROL NOW
Download Enrolment Form
and Payment Form

Enrol by 5pm Friday, to access our induction webinar 11am Monday

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TESTIMONIALS

..Mentor Education’s assistance with helping me with both Diploma of Financial Planning and the Adv. Diploma of Financial Planning has been fantastic. I really appreciate their guidance and assistance with helping me obtain my qualifications. Your prompt email responses to my queries are also greatly appreciated..

Linda Pfitzner
Client Service Manager
Leading Australia Bank Financial Planning

..Mentor Education simply makes our lives easier. Their professional problem-solving approach allows us to focus on other parts of the business;
safe in the knowledge that Mentor graduates have what is takes to provide our clients with sound and accurate advice..

Charles Cavallaro
Professional Development Coordinator
Leading Australian Bank

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