Unit of competency Outline
Date retreived
23/07/2026 3:36 PM AWST
23/07/2026 3:36 PM 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.
Conduct financial planning analysis and research
Conduct financial planning analysis and research
Unit of competency
National Code
FNSFPL622
FNSFPL622
State Code
OCI72
OCI72
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
11/03/2021
Field of Education
081105 - Investment And Securities
Original Release Date
11/03/2021
Nominal Hours
45
Description
This unit describes the skills and knowledge required to undertake analysis and research within the field of financial planning and in relation to financial strategies, products and markets. It involves evaluating a client’s current situation, identifying issues, and researching requirements and parameters for extracting and analysing information, summarising research information and providing it to relevant stakeholders.The unit applies to those experienced in the financial planning industry who apply specialised knowledge, systematic approaches and analytical techniques to research and prepare information customised for clients and/or situations. The client instructions for the research to be undertaken may come from financial advisers, or from shareholders, financial organisations, stockbrokers, trustees, agents and intermediaries.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant state and territory regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Evaluate client’s current situation and identify issues
- 1.1 Obtain client personal, financial and business information from authorised representative as required by research task
- 1.2 Analyse integrity of information provided
- 1.3 Identify, quantify and test client objectives with required stakeholders for viability
2. Identify research requirements, parameters and resources
- 2.1 Establish research aims, objectives and strategy
- 2.2 Establish intended use of research information
- 2.3 Identify and access internal and external resources relevant to research requirements and parameters and according to organisational policies and procedures
- 2.4 Establish research timeframes and prioritise requests for information to ensure milestones are met
3. Extract and analyse information according to research requirements and parameters
- 3.1 Establish data extraction criteria relevant to intended use and client requirements
- 3.2 Identify trends to provide information on performance of possible financial strategies, products and markets
- 3.3 Identify legislative and regulatory requirements that must be considered in choice of financial planning strategies
- 3.4 Conduct risk assessment of strategies and products identified through research
- 3.5 Analyse financial strategies and products suitable to client needs within required timeframes
- 3.6 Prioritise information according to client requirements and expectations
- 3.7 Identify issues that require specialist research or advice and obtain advice as required and according to organisational policies and procedures
4. Summarise research information and provide to required stakeholders
- 4.1 Collate and record research information on financial strategies and products according to organisational policies and procedures and industry codes of practice
- 4.2 Check information against research requirements and parameters
- 4.3 Prepare and check written performance, trends and risk analyses against research specifications
- 4.4 Describe and document assumptions, recommendations and issues for further research
- 4.5 Provide research to required stakeholders and store according to organisational requirements
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUX27 | FNSFPL502 | Conduct financial planning analysis and research | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFX2 | FNS60920 | Advanced Diploma of Paraplanning | Qualification |