Qualification Outline
22/07/2026 7:54 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Advanced Diploma of Financial Planning
Advanced Diploma of Financial Planning
FNS60415
AWD6
Deleted
Deleted
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 4.00 | 13/02/2018 | Current | Approved |
| 3.00 | 14/01/2016 | Replaced | Approved |
| 2.00 | 22/04/2015 | Replaced | Approved |
| 1.00 | 25/03/2015 | Replaced | Approved |
Description
This qualification is for financial planners who provide a comprehensive range of financial planning services across a variety of product environments, including those involving complex issues and/or innovative strategies. Individuals in these roles require well-developed skills and a broad knowledge base of the financial planning sector and the ASIC regulatory framework. At this level individuals are expected to apply specialist skills and knowledge in a range of situations to deal with complex situations and issues. They work across a broad range of technical or management functions with accountability for personal outputs and for team outcomes.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Schedule
Packaging Rules
Total number of units = eleven (11)- eight (8) core units plus
- three (3) elective units
The elective units consist of:
- three (3) from the electives below
- up to three (3) may be from an Advanced Diploma in any currently endorsed training package or accredited course.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
FNSASIC503 units previously completed successfully and granted competency for cannot be selected as elective units in this qualification.
Units selected from other Training Packages or accredited courses must not duplicate units selected from or available within the FNS Financial Services or BSB Business Services Training Packages.
In packaging these units for qualifications it is important to note that each of the FNSASIC503 series units can only be counted once towards the issuance of a Diploma qualification, although they may be assessed and issued as Statements of Attainment as often as is required for industry compliance and participants' need.
In practice this means that should a participant achieve accreditation for say, FNSASICT503 Provide advice in managed investments, any future accreditation (and Statements of Attainment) they receive for any other units in this FNSASIC503 series cannot be counted towards a Diploma qualification.
1. Core Units
All eight (8) units must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| AUR38 | FNSFPL508 | Conduct complex financial planning research | 50 | Unit of competency |
| AUR48 | FNSFPL602 | Determine client requirements and expectations for clients with complex needs | 50 | Unit of competency |
| AUR34 | FNSFPL604 | Develop complex and innovative financial planning strategies | 50 | Unit of competency |
| AUS64 | FNSPRM601 | Establish, supervise and monitor practice systems to conform with legislation and regulations | 60 | Unit of competency |
| AUR31 | FNSFPL606 | Implement complex and innovative financial plans | 50 | Unit of competency |
| AUR35 | FNSFPL605 | Present and negotiate complex and innovative financial plans | 40 | Unit of competency |
| AUR33 | FNSFPL603 | Provide comprehensive monitoring and ongoing service | 40 | Unit of competency |
| AUR49 | FNSFPL601 | Provide technical and professional guidance | 40 | Unit of competency |
2. Elective Units
Up to three (3) units may be chosen from the elective units listed.
Please refer to the packaging rules for the full details of available options.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| S737 | FNS60410 | Advanced Diploma of Financial Planning | Qualification |
No information
Entry Requirements
The entry requirement for this qualification is completion of the following units of competency, from the core of the Diploma in Financial Planning or their equivalent from a previous version of the FNS Training Package. These are:
FNSASICZ503* Provide advice in financial planning
FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations
FNSFPL502 Conduct financial planning analysis and research
FNSFPL503 Develop and prepare financial plan
FNSFPL504 Implement financial plan
FNSFPL505 Review financial plans and provide ongoing service
FNSFPL506 Determine client financial requirements and expectations
FNSINC401 Apply principles of professional practice to work in the financial services industry
The entry requirement can be met by evidence of equivalent competency to the above units through recognition of prior learning (RPL).
Traineeships and Apprenticeships