Unit of competency Outline

Date retreived
22/07/2026 6:56 AM AWST

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Conduct financial planning analysis and research

Conduct financial planning analysis and research

Unit of competency
National Code
FNSFPL502
State Code
AUX27
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
081105 - Investment And Securities
Original Release Date
16/09/2015
Nominal Hours
50
Description
This unit describes the skills and knowledge required to undertake financial planning analysis and research. It encompasses evaluating a client’s current situation, identifying issues and researching requirements and parameters for extracting and analysing information, and summarising research information.It applies to individuals who, within their level of authority, apply specialised knowledge, systematic approaches and analytical techniques to research and prepare information customised for clients and/or situations. Work functions in the occupational areas where this unit 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.
Notes
Elements and Performance Criteria
1. Evaluate client’s current situation and identify issues
  • 1.1 Analyse integrity of information provided by client
  • 1.2 Identify, quantify and test client objectives for viability
  • 1.3 Establish basis for strategy development in line with confirmed objectives
2. Identify research requirements and parameters
  • 2.1 Establish aims and objectives of research including strategy, product and performance parameters against client requirements and expectations, with all issues identified
  • 2.2 Identify and access wide range of relevant internal and external information resources required for research
  • 2.3 Establish 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 that are relevant to intended use and client requirements
  • 3.2 Identify trends to provide meaningful information on performance of possible strategies, products and markets
  • 3.3 Identify taxation and other government legislation that needs to be considered in choice of financial planning strategies
  • 3.4 Conduct risk assessment of strategies and products identified through research
  • 3.5 Analyse financial products within appropriate timeframes to ensure currency of decision making
  • 3.6 Prioritise information according to client requirements and expectations
  • 3.7 Identify issues that require specialist research or advice and obtain appropriate advice
4. Summarise research information
  • 4.1 Collate and check information on financial strategies and products against research specification
  • 4.2 Prepare and check written performance, trend and risk analyses against research specification
  • 4.3 Document any qualifications or issues for further research
No information
No information
Replaces
State Code National Code Title Type
D4140 FNSFPL502A Conduct financial planning analysis and research Unit of competency
Replaced By
State Code National Code Title Type
OCI72 FNSFPL622 Conduct financial planning analysis and research Unit of competency
State Code National Code Title Type
AVX5 FNS50615 Diploma of Financial Planning Qualification
AWC4 FNS40715 Certificate IV in Financial Practice Support Qualification