The FNS50615 Diploma of Financial Planning qualification is a course for those who want to work as para-planners, in other non-advice roles in the financial services sector or as a pathway course for future study to meet the FASEA education requirements to become a Financial Adviser. The course will introduce students to the financial planning process and equip you with an understanding of the technical skills and knowledge required to:
- Engage effectively with a broad client base, identify various financial planning needs and risk profiles and the different strategies they require
- Work as a para-planner or in another non-advice role to meet the objectives of retail clients in the areas of insurance, investment and superannuation
- Understand key aspects of what is required to be a successful professional in the Financial Services industry
The FNS50615 Diploma of Financial Planning also provides individuals a succinct pathway to a future undergraduate or postgraduate qualification in Business or Financial Planning.
Why Study Our Diploma?
With Mentor Education's FNS50615 Diploma of Financial Planning nationally recognised 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.
Student Course Outcome(s)
The FNS50615 Diploma of Financial Planning course will introduce potential Financial Advisers and students to the financial planning process and equip you with the technical skills and knowledge required to:
- engage effectively with a broad client base, identify various financial planning needs and risk profiles and the different strategies they require
- provide financial planning advice to meet the objectives of retail clients in the areas of insurance, investment and superannuation
- become a successful professional in the Financial Services industry
Who Should Enrol?
You should enrol as a student in the FNS50615 Diploma of Financial Planning if you are:
- wanting to enter or re-enter the financial services industry and require the minimum qualification to provide advice to retail clients
- working within the financial services industry (in a non-advice providing capacity) and looking to improve your overall knowledge of the financial planning process, with the view to upgrading your existing skills or transferring to career as a financial adviser
Financial Planning legislation changes - New Education Standards
FASEA has now released its final Education Pathways Policy (FPS001).
Click here for further information.
There are no prerequisites for enrolling in the Diploma of Financial Planning, however it is recommended that entrants have a strong grasp of literacy and numeracy, and undertake the first course of the Diploma (DFP 1) prior to commencing any of the subsequent courses (DFP 2-4).
It is expected that students will spend 1800 hours in learning and related activities over 18 months. Students who have extensive industry experience will be expected to complete it in a shorter period.
DFP1 - Financial Advice
Australian Industry Essentials
- Australian Economy
- Australian Financial Markets
- Investment Funds
- Corporations Act
- Regulatory Environment
- Licensees & Representatives
Financial Advice Fundamentals
- Personal Taxation
- Social Security
- Wealth Creation Fundamentals
- Estate Planning Fundamentals
- Establishing Client Relationship
- Identify Client Objectives & Financial Situation
- Analyse Client Objectives & Financial Situation
- Develop Strategies & Solutions
- Present Strategies & Solutions
- Implement Agreed Plan
- Provide On-going Advice
DFP2 - Insurance
- Understanding Insurance
- Operation of Insurance Markets
- General Insurance
- Personal Insurance
- Advisory Functions
- Legal Obligations and Compliance
- Life Insurance Market
- Term Life Insurance
- Total and Permanent Disability (TPD)
- Trauma Insurance
- Income Protection Insurance
- Business Insurance
- Life Insurance, Taxation and Superannuation
- Role of the Adviser
DFP3 - Superannuation
- Introduction to Superannuation
- Superannuation Eligibility
- Compulsory Contribution to Superannuation
- Tax Concessions on Superannuation
- Withdrawals on Superannuation and ETP's
- Retirement Income Streams
- Social Security Pensions
- Duties of Superannuation Trustees
- Self Managed Super Funds (SMSF's)
- Providing Superannuation Advice
DFP4 - Investment Planning
- Introduction to Financial Markets
- Introduction to Managed Investments
- Securities - Money Market Investments
- Securities - The Bond Market
- Securities - Shares
- Securities - Property Securities
- Specialised Investments
- Constructing Portfolios
- Use of Leverage
- Taxation Issues for Investors
- Conducting Research
Statement of Advice Process
The Statement of Advice Skills Assessment is undertaken upon completion of DFP-1 through to DFP-4, and is made up of the following.
- Determine Client Requirements and Expectations
- Conduct Complex Financial Planning Research
- Develop a Financial Plan
- Implement Financial Plan
- Review Financial Plans and Provide Ongoing Service
Telephone based role-play
Units of Competency
- Develop and use complex spreadsheets
- Provide advice in financial planning
- Comply with financial planning practice ethical and operational guidelines and regulations
- Conduct financial planning analysis and research
- Develop and prepare financial plan
- Implement financial plan
- Review financial plans and provide ongoing service
- Determine client financial requirements and expectations
- Apply principles of professional practice to work in the financial services industry
- Provide financial planning advice
- Conduct complex financial planning research
- Provide appropriate services, advice and products to clients
- Conduct product research to support recommendations
- Determine client requirements and expectations
- Provide advice in superannuation
- Provide advice in life insurance
- Provide advice in Managed Investments
- Provide advice in Securities
- Analyse financial market products for client
- Advise clients on financial risk
- Record and implement client instructions
Career Pathway Program
Being a quality educator in the financial services industry, we recognise the important contribution that industry peers can make in your ongoing professional development. To help our students access the right resources and expertise to maximise their potential in the financial services industry, Mentor Education has teamed up with Australia's leading industry bodies to design a comprehensive suite of career-building tools for FNS50615 Diploma of Financial Planning and FNS60415 Advanced Diploma of Financial Planning students, called the ‘Career Pathway Program'
- developing your skills and knowledge with 12-month FREE professional development subscription, valued at $360
- Keep updated with industry news and events
If you're looking to transition into or advance your existing financial services career, this is an opportunity you can't afford to miss. If you enrol into the full Diploma of Financial Planning or Advanced Diploma of Financial Planning courses, the Career Pathway Program is FREE.
Our courses are designed to provide skill-based learning outcomes. Assessment activities for the Diploma of Financial Planning include multiple-choice questions undertaken online or during workshop classes, short answer responses to assignments, practical case studies, development of a Statement of Advice and role-plays (work place simulation).
Our friendly and experienced team will provide support and assessment feedback as you progress through your studies.
Q & A — Diploma Of Financial Planning
Q: What's the average salary for a professional in this industry?
In 2015, average salaries for a job in Financial Services ranged between $75,884 AUD and $94,422 (Source: SEEK). Employment for those in Financial Services (which includes planners and advisers) has been growing for the last 7 years and is expected to continue.
Q: How is the Diploma Of Financial Planning accredited?
As a Registered Training Organisation (RTO #21683), our Diploma Of Financial Planning is a nationally recognised qualification as listed on training.gov.au and within our official RTO 'scope'.
Q: Why should I study with Mentor Education rather than another provider?
Having been in operation since 2003 and trained over 20,000 students — we know what we're doing when it comes to delivering Diploma-level and Advaned Diploma-level qualifications in RG 146 and Financial Services. Our students often tell us they prefer the student learning experience with us because of our easily accessible phone and e-mail student support. We don't force you to study online (some providers unfortunately do). We don't force you to pay for student support (some providers unfortunately do).
Q: What are some possible career outcomes for this course?
Our diploma-level qualification is designed to set you up to break into the industry, including possible career outcomes such as:
- Client Service Officer
- Senior Paraplanner
- Junior Financial Planner
- Financial Planner
- Senior Financial Planner
Q: Will I be RG 146 compliant upon completion of this course?
Upon successful completion and assuming you are deemed competent, you'll be RG 146 compliant to provide financial advice in Life Insurance, Superannuation, Managed Investments and Securities.
Q: Are there further study options?
Yes. Many students proceed to undertake our Advanced Diploma Of Financial Planning and even into undergraduate or postgraduate studies.
Q: I want a corporate job in Financial Services or at a bank. Can this help?
Whilst our Diploma of Financial Planning is by no means a guarantee of a job (you should be wary of any institution that tries to promise that!) - many of our graduates do work for some of Australia's leading financial planning and financial services institutions.
Q: I've previously completed studies (and/or work) in Finance and/or Financial Services. Will this count?
In line with Recognition Of Prior Learning (RPL) standards, we take into account prior knowledge and/or skills you may have already gained through practical work experience, study or knowledge. Potentially, some of this can count towards your nationally recognised qualification. To find out whether your prior work experience or study is applicable, please enter your contact details on this page or call us.
FLEXIBLE DELIVERY OPTIONS: ONLINE AND FACE-TO-FACE
Mentor Education specialises in providing professional education (at both the Diploma-level and Advanced Diploma-level) 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.
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and Payment Form
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Terms and conditions
For further information regarding pricing and offers related to the FNS50615 Diploma of Financial Planning nationally recognised qualification listed on this web page delivered by Mentor Education Pty Ltd (RTO 21683), please visit the Terms and Conditions section of the Mentor Education Website located at https://www.mentor.edu.au/terms-and-conditions.