Financial Planning

Financial planners must have an understanding not only of finance but also of accounting, management and marketing. Financial Planning is the design of specific financial outcomes that meet a client's unique needs and objectives, given the clients financial resources and risk profile. Its broad approach is to fulfil the clients total needs and to incorporate within it, the areas of investment planning, taxation and social services planning, retirement planning, risk planning and estate planning. This major builds the skill set needed for recognition by the Australian Securities and Investments Commission and the Financial Planning Association, allowing finance graduates who choose this major to work as a financial planner in banks, life insurance companies or credit unions, fund management, employed by corporate entities or self employed

Professional Recognition

On completion of a Bachelor of Commerce (Financial Planning), you will have gained the necessary skills and qualifications to work as a financial planner offering services to a broad clientele. This degree meets the training requirements of the Australian Securities and Investments Commission (ASIC) and is accredited as meeting all the skill and knowledge components of Policy Statement 146 (PS146) Tier 1 and is listed on the ASIC Training Register. The degree is also recognised by the Financial Services Institute of Australasia (FINSIA) and is accredited with the Financial Planning Association (FPA) for entry into the FPA CFP Education Program.

Subjects required for major study

Note: Students undertaking a double major with Finance are required to substitute an additional 300-level FIN subject for FIN323 in their Finance major.

Other Information

For additional information contact accfin@uow.edu.au

Last reviewed: 11 October, 2007