Student Handbook : FNS50107 Diploma in Financial Services


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Version 3: Approved by the Training and Development Manager 15/05/08

Course Structure

This course is designed for Financial Advisors seeking to satisfy ASICs RG146 requirements. Many students will have satisfied the requirements for advising on Securities and/or Derivatives and/or Managed Investments and/or Superannuation and will therefore be eligible for advanced standing.

To be eligible for the Diploma students must have demonstrated competency in the 4 Industry Core units and another 8 elective units.

The Industry Core units are:

The elective units are

Note: Only one of the ASIC units can be counted towards a Diploma

The ASIC units are

Prerequisites for ASIC units

The following are prerequisites for each of, and will be co-assessed with the ASIC units

The following are prerequisite of, and will be co-assessed with FNSASIC503VB Provide advice in Derivatives and FNSASIC503WB Provide advice in Securities

The following are prerequisite of, and will be co-assessed with FNSASIC503TB Provide Advice on Managed Investments and FNSASIC503UB Provide advice in Superannuation

 

 

 

 

ASIC UNITS

 

 

 

FNSASIC503TB

FNSASIC503UB

FNSASIC503VB

FNSASIC503WB

 

 

 

Provide advice in Managed Investments

Provide advice in Superannuation

Provide advice in Derivatives

Provide advice in Securities

Prerequisite

FNSICCUS506B

Determine client requirements and expectations

y

y

y

y

FNSICADV502B

Provide appropriate and timely information and advice to clients

y

y

 

 

FNSICPRO502B

Conduct research to support recommendations

y

y

 

 

FNSICCUS507B

Record and implement client instructions.

y

y

y

y

FNSFMKT502B

Analyse financial market products for client

 

 

y

y

FNSFMKT503B

Advise clients on financial risks

 

 

y

y

 

 

Pathways for those who have already done a Gryphon Learning Course

 

Students who have already completed a course with Gryphon Learning may be eligible for Credit Transfer, Recognition of Prior Learning and Advanced Standing.

The following table shows where these apply.

 

Pathway

SEC

FOW

MIN

SUP

ALL

SEC/SUP

Prior Learning

GLA08SEC501 Minimum Industry Requirements for Advising on Securities

GLA08FOW501 Minimum Industry Requirements for Advising on Derivatives

GLA08MIN501 Minimum Industry Requirements for Advising on Managed Investments

GLA08SUP501 Minimum Industry Requirements for Advising on Superannuation

GLA08SEC501: Securities, GLA08FOW501: Derivatives, GLA08MIN01: Managed Investments and GLA08SUP501: Superannuation

GLA08SEC501: Advising on Securities, and GLA08SUP501: Superannuation

 

Nominal time for students to complete the Diploma

150

150

150

150

75

75

 

FNSICGEN304B Apply health and safety practices in the workplace

Industry Core

Industry Core

Industry Core

Industry Core

Industry Core

Industry Core

 

FNSICGEN301B Communicate in the workplace

Industry Core- RPL From GLA08SEC501

Industry Core- RPL From GLA08FOW501

Industry Core- RPL From GLA08MIN501

Industry Core- RPL From GLA0SUP501

Industry Core- RPL From GLA08FOW501

Industry Core- RPL From GLA08FOW501

 

FNSICGEN302B Use technology in the workplace

Industry Core- Advanced Standing From GLA08SEC501

Industry Core- Advanced Standing From GLA08FOW501

Industry Core- Advanced Standing From GLA08MIN501

Industry Core- Advanced Standing From GLA0SUP501

Industry Core- Advanced Standing From GLA08FOW501

Industry Core- Advanced Standing From GLA08FOW501

 

FNSICIND401B Apply principles of professional practice to work in the financial services industry

Industry Core- RPL From GLA08SEC501

Industry Core- RPL From GLA08FOW501

Industry Core- RPL From GLA08MIN501

Industry Core- RPL From GLA0SUP501

Industry Core- RPL From GLA08FOW501

Industry Core- RPL From GLA08FOW501

 

FNSASIC503TB Provide Advice on Managed Investments

Core- Credit Transfer From GLA08MIN501

Core- Credit Transfer From GLA08MIN501

 

FNSASIC503UB Provide advice in Superannuation

Core- Credit Transfer From GLA0SUP501

Core- Credit Transfer From GLA0SUP501

Core- Credit Transfer From GLA0SUP501

 

FNSASIC503VB Provide advice in Derivatives

Core- Credit Transfer From GLA08FOW501

Core- Credit Transfer From GLA08FOW501

 

FNSASIC503WB Provide advice in Securities

Core- Credit Transfer From GLA08SEC501

Core- Credit Transfer From GLA08SEC501

Core- Credit Transfer From GLA08SEC501

 

FNSICCUS506B Determine client requirements and expectations

Core- Credit Transfer From GLA08SEC501

Core- Credit Transfer From GLA08FOW501

Core- Credit Transfer From GLA08MIN501

Core- Credit Transfer From GLA0SUP501

Core- Credit Transfer From GLA08SEC501

Core- Credit Transfer From GLA08SEC501

 

FNSICCUS507B Record and implement client instructions.

Core- Credit Transfer From GLA08SEC501

Core- Credit Transfer From GLA08FOW501

Core- Credit Transfer From GLA08MIN501

Core- Credit Transfer From GLA0SUP501

Core- Credit Transfer From GLA08SEC501

Core- Credit Transfer From GLA08SEC501

 

FNSICADV502B Provide appropriate and timely information and advice to clients

Elective - Advanced Standing From GLA08SEC501

Elective - Advanced Standing From GLA08FOW501

Core- Credit Transfer From GLA08MIN501

Core- Credit Transfer From GLA0SUP501

Core- Credit Transfer From GLA0SUP501

Core- Credit Transfer From GLA0SUP501

 

FNSICPRO502B Conduct research to support recommendations

Elective - Advanced Standing From GLA08SEC501

Elective - Advanced Standing From GLA08FOW501

Core- Credit Transfer From GLA08MIN501

Core- Credit Transfer From GLA0SUP501

Core- Credit Transfer From GLA0SUP501

Core- Credit Transfer From GLA0SUP501

 

FNSFMKT502B Analyse financial market products for client

Core- Credit Transfer From GLA08SEC501

Core- Credit Transfer From GLA08FOW501

Elective - Advanced Standing From GLA08MIN501

Elective - Advanced Standing From GLA0SUP501

Core- Credit Transfer From GLA08SEC501

Core- Credit Transfer From GLA08SEC501

 

FNSFMKT503B Advise clients on financial risks

Core- Credit Transfer From GLA08SEC501

Core- Credit Transfer From GLA08FOW501

Elective - Advanced Standing From GLA08MIN501

Elective - Advanced Standing From GLA0SUP501

Core- Credit Transfer From GLA08SEC501

Core- Credit Transfer From GLA08SEC501

 

FNSFMKT501B Analyse Financial Markets and Information

Elective - Advanced Standing From GLA08SEC501

Elective - Advanced Standing From GLA08FOW501

Elective - Advanced Standing From GLA08MIN501

Elective - Advanced Standing From GLA0SUP501

Elective - Advanced Standing From GLA08SEC501

Elective - Advanced Standing From GLA08SEC501

 

FNSRISK501A UNDERTAKE RISK IDENTIFICATION

Elective

Elective

Elective

Elective

 

 

 

 

Credit Transfer

Each of the following courses involve the assessment of units of competency, hence students who have completed the courses are eligible for credit transfer:

Recognition of prior learning and Advanced Standing

Students who completed courses with Gryphon Learning may have satisfied some or all of the performance criteria for Units of Competency in which they were not formally enrolled. The Gryphon Learning systems can automatically check for this evidence of prior learning and, where appropriate, grant advanced standing.

 

Nominal Time for the Course

The time taken to complete the course will depend on the Units of Competency selected, and the areas in which students with to meet ASIC's requirements for giving financial advice.

Pathway

ASIC Requirement Satisfied

Nominal time to gain ASIC compliance

Nominal extra time to complete the Diploma

SEC

Advising on Securities

240

150

FOW

Advising on Derivatives

240

150

MIN

Advising on Managed Investments

140

150

SUP

Advising on Superannuation

160

150

ALL

Advising on Securities, Derivatives, Managed Investments and Superannuation

350

75

SEC/SUP

Advising on Securities, and Superannuation

300

75