Master of Financial Planning

Pursue a career in the demand-driven industry of financial planning.

The Master of Financial Planning course has been designed to provide a specific and thorough understanding of financial planning in Australia, and globally. Students will graduate equipped with the skills and regulatory requirements to practice as an advanced financial planner.

The proposed Master of Financial Planning at Torrens is designed to equip students, and therefore postgraduates, with a broad theoretical and technical knowledge required to operate and manage effectively within the financial planning sector, specifically as a financial planner

Graduate employment opportunities:

Job titles may include personal financial advisor, investment advisor, fund manager, risk analyst, wealth management officer, insurance broker, retail banker, stockbroker, investment banker, superannuation specialist, financial analyst.

Key Study Outcomes:

About the School

This course is provided by Ducere Global Business School at Torrens University Australia CRICOS 03389E.

Read more about Ducere Global Business School

Ducere Global Business School

Course Delivery

Can’t find what you’re looking for? Contact a Course Advisor

Workload and Assessment

No. of timetabled hours per week:

The standard academic study pattern for courses is 12 teaching weeks per trimester for three trimesters per year, and 13 weeks of vacation per year. It is expected that students will spend approximately 10 hours of study time per week for every 4 units of coursework (130 hours per subject). These 10 hours include a minimum of 3 hours of structured learning in addition to independent study and assessment tasks.

Typical assessment includes:

Methods of assessment will include a combination of invigilated examinations, online testing, individual assignments, group assignments, project reports, presentations and in-class work.

Subject Information

CAP609 In this subject, students will draw together the knowledge they have gained throughout the course to undertake a practical task which focuses on the financial planning process as it would apply to a real-life client situation. Students will have the opportunity to display their theoretical knowledge of the financial services industry, as well as the practical and strategic skills they have developed through the preparation, presentation, implementation and review of a Statement of Advice for a client.

Pre Requisites – All Core subjects

CFP608 In this subject, students will extend their fundamental financial planning knowledge by critically evaluating complex financial planning scenarios, including identifying issues and assessing available solutions to develop an appropriate strategy. Complex financial planning issues will include examining trusts and testamentary planning strategies, buy-sell business insurance arrangements, the use of derivatives in portfolios for risk management, aged care funding, inter-generational wealth planning and self-managed super funds. Through practical based assessment, students will be required to utilise their critical thinking and financial planning technical knowledge to develop an appropriate strategy response to these issues, and will be required to effectively communicate them , in an industry accepted manner, to a client audience.

Pre Requisites – Financial Planning, Superannuation and Retirement Planning, Risk Management and Estate Planning, Ethics, Professionalism and Integrity, Investments, Portfolio Management, Taxation

TAX607 In this subject, students will explore the fundamentals of taxation and how they apply to individuals and businesses operating in Australia. Issues of personal taxation such as income tax, capital gains, assessable income and salary packaging will be examined along with business taxation, building on previous basic accounting knowledge. Taxation issues such as dividend imputation, goods & services tax and fringe benefits tax will also be explored. The practical application of tax considerations to financial planning will also be evident through investigating the tax issues applicable to various forms of investment structures including company, trust and superannuation entities.

PTM604 In this subject, students will gain a comprehensive understanding of the theoretical aspects of portfolio management and its application to personal financial planning and the broader financial services industry. It will build upon knowledge gained in previous finance and investment subjects by further exploring the portfolio management process, Exchange Traded Products (ETP’s), asset classes, the role of diversification and asset allocation in decision making. Students will apply previous valuation techniques to explore the concept of efficiency in portfolio construction and the use of financial derivatives to manage risk and client objectives. Issues around the role and fiduciary responsibilities will also be explored along with the regulatory environment within which fund manager’s operate.

INV604 In this subjects, students will gain an understanding of the various asset classes available to retail and wholesale investors. They will learn about the key investment strategies financial planners can use and will develop a working knowledge of the key characteristics of each type of investment (including alternative investments) including their structure, risk profile, return profile and the contribution that each could make to an investment portfolio. The various structures in which investments can be held will also be explored along with the regulatory, taxation and other legal aspects of various investments will also be explored.

EPI403 In this subject, students will examine a number of moral frameworks that can be used to analyse ethical issues for individuals, management and organisations. Students will be asked to critically evaluate specific ethical failings of the finance industry, examine the role of codes of conduct and make recommendations. With a focus on reflective practice, students will learn what it means to be professional and maintain integrity throughout their career.

REP501 In this subject, student will explore the various risks that clients face in their daily lives and develop an understanding of the tools and techniques available to manage these risks. Students will learn how to undertake a risk needs analysis covering the various risks identified including death, disability, injury and aged care. They will understand the complexity of asset allocation within a client’s strategy. The concept of insurance will be explored with an analysis of various types of insurance contracts including the features of each type of cover, how insurance premiums are developed and the process and practical application of insurance in financial planning. Insurance contracts covering assets such as property will also be examined. Other important estate planning issues such as wills, succession, testamentary trusts, powers of attorney, guardianship and the role of nominating beneficiaries will also be addressed.

SRP402 In this subject, students will develop an understanding of a range of superannuation and retirement planning concepts. The subject explores the ideology underpinning Australia’s superannuation system and covers topics such as the regulatory environment for superannuation, types of superannuation funds, shifting savings patterns, expatriates, the role that various participants have in the superannuation industry and the fundamental operating procedures of superannuation funds including rules for contributions, withdrawals and investment strategies. Students will also gain an appreciation of the various retirement planning and pension and benefit strategies that are available to Australians.

FPL401 In this subject, students will gain understanding of the financial planning industry in Australia and the role that clients, institutions, financial planners and regulators have with the industry. Students will work through the financial planning process from the initial gathering of data, identification of goals and objectives, risk analysis and client risk profiling. Basic strategies to meet client goals, including debt management will also be outlined along with an in-depth exploration of the role of various documents required in the financial planning process.

In this subject, students will explore the various financial markets which operate both in Australia and globally to gain an understanding of the mechanisms which underpin these financial markets and institutions. With an emphasis on viewing these markets in action, students will develop a practical understanding of how the markets work and how securities are traded within the markets, utilising their knowledge of security valuation knowledge. This subject will also explore the regulatory and ethical considerations under which financial markets and the intermediaries working within them operate.

In this subject, students will explore both micro and macroeconomics and how these concepts affect decision making and businesses in Australia and the world. Student will examine how well markets perform using the economist’s criterion of market efficiency. In addition, students will learn what considerations are needed when taking a business overseas and how to manage the risks associated.

In this subject, students will develop a thorough understanding of the nuances of marketing business services, specifically financial. Through gaining an understanding of the various levels and components of services, students will develop their ability to design marketing strategies specific to services with the goal of maximising customer value.

In this subject, students will learn about emerging technologies and the impact of innovation on the financial services sector. They will examine the current impacts blockchain, robo advice and virtual reality is having on individuals and industry. Through research and practical assessments they will analyse an emerging fintech to better understand different business models, the entrepreneurial ecosystem and potential challenges fintech faces currently and in the future. Students will be introduced to the fundamentals of innovation, its role within entrepreneurship, as well as the key tools and methodologies effectively to foster innovation.

In this subject, students will learn what it takes to manage a financial services practice or division through the lens of business strategy and people management. It will explore aspects of operating a business and the systems and processes required to do so efficiently. Students will gain a thorough understanding of the strategic frameworks available and be able to identify and evaluate different business models and strategic decisions to make recommendations.

In this subject, students will learn what it means to be enterprising, entrepreneurial and use the principles of self-reflection in order to create an action plan for improvement. Through the modules, students will be practically challenging themselves to critically think, develop leadership skills, challenge assumptions, communicate effectively and manage groups. In addition, they will refine their presentation skills through applied assessment tasks.

Pre requisite – Financial Planning