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Financial Advice Units 25650-53

NZL5C
Price:
$1,409.00 +GST Non-member
$1,304.00 +GST Learning Partner
$1,217.00 +GST IBANZ Member

Content 

This module provides study material for the unit standards 25650,25651,25652,25653 which outlines the application of the six step financial advice process method used to provide professional client service. (NZQA 25 Credits)

This module is compulsory for Authorised Financial Advisers (AFA) and is equivalent to Advice Process of the National Certificate of Financial Services Level 5. 

Assessment

1 study guide is provided across all unit standards within this module. Unit standards 25650-25653 are assessed using evidence based assessment.

This means actual workplace examples of clients are used to demonstrate that you can put into practice the learning contained within the study guide.

Assessment documents are required to be submitted directly to the Skills Organisation. You can find out more about the skills organisation assessment process here.

The costs for Skills assessment are included in our pricing below.

Approximate time frames for this module is around 4 months. 


Learning Units Included

Steps 1 & 2 of Six Step Financial Advice process

25650

This unit standard is one of 5 that make up the Financial Advice module the Advice Process. Completion of this unit standard will enable you to;

  • Establish and define the nature and scope of the client and financial adviser relationship
  • Gather client information to identify and analyse client requirements and risk profile
Objectives
  • To understand and explain disclosure requirements, fee structures, remuneration methods to the client
  • To identify and gather relevant information pertaining to the clients personal business and financial situation
  • To define, explain and apply responsibilities of financial adviser and client
  • To identify client needs, financial goals, priorities and risk tolerance


Steps 3 & 4 of Six Step Financial Advice Process

25651

This unit standard is one of 5 that make up the Financial Advice module. In this unit you will gain an understanding of: 

  • The steps in the analysis and evaluation of clients financial situations 
  • The steps to develop, present, and agree appropriate financial strategies and solutions for clients
Objectives
  • To enable you to analyse a clients financial situation
  • Conduct research, analysis and product modelling to develop financial strategies for your client
  • To enable you to identify and evaluate financial markets, risks, gains or constraints that impact the client
  • To perform calculations to enable drafting of financial solutions for your client


Steps 4 & 5 of Six Step Financial Advice Process

25652

This unit standard is one of 5 that make up the Financial Advice module. In this unit you will gain an understanding of: 

  • How to coordinate the implementation of agreed financial strategies and solutions for clients
  • How to monitor agreed financial strategies and solutions for clients
Objectives
  • To understand the importance of monitoring, reviewing and evaluating over time clients financial solutions
  • To learn to document, clarify and explain issues, financial products and services
  • To learn the process of implementation for agreed financial strategies
  • To discuss and agree financial strategies and solutions for clients


Legislation, Codes of Practice and Fiduciary Issues

25653

This unit standard is one of 5 that make up the Financial Advice module. In this unit you will gain an understanding of: 

  • How to apply the legislation, regulations, organisational policies, and industry and professional codes of practice in your daily work
  • How to maintain  business records
  • How to respond to fiduciary issues that arise in your role as a financial adviser
Objectives
  • To interpret and apply relevant legislation, regulations and industry Codes of Practice
  • To demonstrate ethical behaviour
  • To understand the business records a financial advisor is required to maintain
  • To understand your fiduciary responsibilities as a financial advisor


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