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Subject overview


STUDY MODE

100% online

AQF LEVEL

8

NEXT INTAKE

13 Jan 2025

SUBJECT DURATION

12 weeks

SUBJECT FEE

$2,600.00


This subject examines the key contributors, influences on, and barriers to decision-making in the context of financial planning. Students will apply relevant consumer buying and decision-making frameworks and concepts of behavioural finance and biases to the provision of financial advice.

Students will explore, through case studies, the client-centric nature of financial advice, and the values and attributes, communication techniques, and conflict management and negotiation skills essential for financial planning professionals.

For more information, please refer to the subject outline here.

Subject information

Learning outcomes

On successful completion of this subject, individuals should be able to:

  1. Analyse the legal, ethical and professional context for the provision of trusted, client-centric financial advice.
  2. Determine the motivations, influences on and barriers to effective decision-making by clients and financial advisers.
  3. Evaluate behavioural finance concepts, including portfolio and prospect theories, heuristics, biases and decision errors,
    and their impacts on clients and financial advisers.
  4. Propose effective solutions to overcome communication, conflict and negotiation issues to achieve client engagement.

Topics covered

  1. Introduction to behavioural finance
  2. Decision making and behavioural bias
  3. Critical thinking and decision-making
  4. Emotional intelligence
  5. Trustworthiness and authenticity
  6. Communication styles
  7. Consumer decisions to seek financial advice
  8. Consumer behaviour and marketing decisions

Continuing Professional Development (CPD)

Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au.

Duration

The duration of this subject is one study period (12 weeks).

Reading list

There is no prescribed text for this subject.

Individuals are provided with key readings and access to Kaplan Professional’s online databases. Individuals are encouraged to research and read widely on the topic.

Reading list

Assessments

Assessment typeAssessedWeighting
TaskWeek 420%
Assignment 1Week 840%
Assignment 2Week 1240%

Previous study requirements

Recognition of prior learning (RPL)

RPL for the Behavioural Finance subject may be awarded if your completed prior studies are listed on the FAS Approved Courses by Institute of Higher Education list and are deemed equivalent to this subject. RPL may also be awarded based on prior post graduate studies in accordance with the Kaplan Professional Recognition of Prior Learning Policy.

Assumed knowledge

Kaplan Professional assumes that individuals have completed FPC001B Economic and Legal Context for Financial Planning, FPC002B Ethics and Professionalism in Financial Advice, FPC003 Superannuation and Retirement Advice and FPC004 Insurance Advice, or understand the content covered in those subjects, prior to undertaking FPC007B Client Engagement Skills.

Course transition subject equivalence

There are no equivalences for this subject.

Key dates

For a full list of annual study period dates, click here >

Study Period 1 2024

11 Dec 2023 - 29 Mar 2024

❌ Enrolments now closed

Early access opens 11 December 2023

Early access to assessments 21 December 2023

Study period commences 8 January 2024

Enrolments close/census 24 January 2024

Study period ends 29 March 2024

Assessment dates See assessment timetable

Study Period 2 2024

5 Feb 2024 - 24 May 2024

❌ Enrolments now closed

Early access opens 5 February 2024

Early access to assessments 19 February 2024

Study period commences 4 March 2024

Enrolments close/census 20 March 2024

Study period ends 24 May 2024

Assessment dates See assessment timetable

Study Period 3 2024

1 Apr 2024 - 19 Jul 2024

❌ Enrolments now closed

Early access opens 1 April 2024

Early access to assessments 15 April 2024

Study period commences 29 April 2024

Enrolments close/census 15 May 2024

Study period ends 19 July 2024

Assessment dates See assessment timetable

Study Period 4 2024

3 Jun 2024 - 20 Sep 2024

❌ Enrolments now closed

Early access opens 3 June 2024

Early access to assessments 17 June 2024

Study period commences 1 July 2024

Enrolments close/census 17 July 2024

Study period ends 20 September 2024

Assessment dates See assessment timetable

Study Period 5 2024

29 Jul 2024 - 15 Nov 2024

❌ Enrolments now closed

Early access opens 29 July 2024

Early access to assessments 12 August 2024

Study period commences 26 August 2024

Enrolments close/census 11 September 2024

Study period ends 15 November 2024

Assessment dates See assessment timetable

Study Period 6 2024

30 Sep 2024 - 17 Jan 2025

✓ Enrolments open now

Early access opens 30 September 2024

Early access to assessments 14 October 2024

Study period commences 28 October 2024

Enrolments close/census 13 November 2024

Study period ends 17 January 2025

Assessment dates See assessment timetable

Fees and FEE-HELP

Enrolment feesFee
Subject fee 2024$2,600 (GST free)

Note: If this subject is undertaken as a standalone subject, no FEE-HELP is available.

FEE-HELP is available for individuals undertaking this subject as part of a qualification. Click here to find out if you’re eligible.

Click here for a full list of fees and allowances.

Subject enhancements

We are pleased to announce that the following enhancements have been made to this subject:

  • Subject has transitioned to a new fully digital format. The topic modules now have new features:
    • Interactivity
    • Multimedia elements
    • Easy-to-read digital format
  • Interactive sessions adjusted in line with digitisation, to include six (6) drop-in sessions for additional support, with structured activities.

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