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Diploma of Financial Planning (FNS50615)

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The Diploma of Financial Planning (FNS50615) is widely considered the 'minimum entry requirement' for students entering the financial services industry or transferring to a position where they are required to provide advice to retail clients. In line with Regulatory Guide 146 (RG 146), it is a requirement of the corporate regulator that financial planners complete the minimum skills and knowledge components of the Diploma of Financial Planning before receiving authorisation to provide personal advice in the areas of investment planning, superannuation and insurance with consideration for the client's needs and risk profile.

Why Study Our Diploma?

As the largest privately owned financial services training company in Australia, we recognise that employers are increasingly looking for candidates who are aware of the challenges of being successful in financial services. 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. Unfortunately, this can not be said for all training providers.

With Mentor Education's 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 Diploma of Financial Planning (FNS50615) 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 Diploma of Financial Planning (FNS50615) 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.

Prerequisite Knowledge

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).

Course Durations

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
  • Ethics

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

Core Area

  • Understanding Insurance
  • Operation of Insurance Markets
  • General Insurance
  • Personal Insurance
  • Advisory Functions
  • Legal Obligations and Compliance

Specialist Area

  • 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

Specialist Area

  • 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

Specialist Area

  • 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
  • Derivatives
  • 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

Skills Assessment

Telephone based role-play

Units of Competency

Core Units

  • 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

Elective Units

  • 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

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 Diploma of Financial Planning and Advanced Diploma of Financial Planning students, called the ‘Career Pathway Program'

Benefits include:

  1. developing your skills and knowledge with 12-month FREE professional development subscription, valued at $360
  2. 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 and within our official RTO 'scope'. We're also listed on the ASIC training register (which, for your information, is 'under review' by ASIC for all course providers on 24 September 2012 - following recommendations from ASIC that planners should 'contact individual training providers directly').

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
  • Paraplanner
  • 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 (We offer path-ways into the Masters Of Financial Planning at UNE and Griffith University).

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.

Q: I'm looking to get into the AMP Horizons program. Is this course recognised?

Yes. We're currently listed on the official AMP Horizons website as a provider of the Diploma Of Financial Planning. We've also had a significant number of students successfully enter and complete the AMP Horizons program.


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.

The Diploma of Financial Planning is fast becoming the default standard for students in the Financial Services industry. If you need the skills and knowledge to advise clients with broad and complex needs, this is the Diploma-level qualification course for you.

  • Save 30%*
  • No hidden costs
  • Self-paced
  • Start anytime
  • Online assessment
  • 1300 phone support


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  • No hidden costs
  • Interactive learning
  • experienced facilitators
  • National Workshops


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Workshop spaces are limited, so book your spot to avoid disappointment

Terms and Conditions
* Unless stated otherwise, this offer is only for select online Certificate, Diploma, Advanced Diploma qualifications, Short Courses and Skill sets listed on this web page and requires full upfront payment. Unless stated otherwise, no payment plans available for discount offers. Unless stated otherwise, no discounts available for Workshops. Unless stated otherwise, to be eligible for discounts, you will need to have fully paid for your course enrolment before 28/02/2019, 11.59pm AEDT. Cannot be used in conjunction with other offers/existing quotes or applied to past enrolments. Discounts are based on recommended retail price listed on the Mentor Education website as at 01/01/2019.
** Payment plans require six equal monthly payments via direct debit. Contact Mentor Education for further information.


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Great company to complete online learning with.
Education had a flexible approach to my programme and helped me with all my queries. I know I have taken a few years to complete my DFP but it was worth the time since I had no cut off time. I am planning in doing my ADFP soon. I would recommend "Mentor Education" to anyone that is interested.

Nancy Gansalvez

You can actually talk to a Teacher!
I completed my Diploma of Financial Planning RG 146 with Mentor last year long distance while still working, they were very helpful and there when ever I needed help. You can actually talk to a Teacher or email them. They are polite and always check by email to make sure you were happy with their help, and to email back if not. Great 110% service. I had to use "another company " for another course because the Boss paid for it and honesty there was 0 service, no teachers at all and rude/money hungry people.

Andrew Hughes

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