RG146 Compliance Solution - Module 1. Financial advice foundation - Learning manual

CPD hours: 40 on successful completion                                                 

The RG146 Compliance Solution program will provide you the pathway to RG146 Compliance, the level of education required to become a financial adviser to provide financial advice to your clients.

It consists of four modules plus an optional specialist assessment in advising in self-managed super funds (SMSFs). It has been designed to address the competency requirements outlined in the ASIC Regulatory Guide 146 (RG146) for practitioners wishing to provide specialist financial planning advice to their clients in the areas of financial planning, general and life insurance, securities, derivatives, margin lending, managed investments, superannuation and SMSFs.

The program is very flexible; each module can be completed via self-paced distance learning or through two day intensive workshops in the order and mode that suits you best. 

The RG146 Module 1. Financial advice foundation module addresses the fundamental skills and knowledge requirements for financial planners or anyone wishing to provide financial advice. It covers the theories of investment and legal environment in which financial planning advice is provided, relevant also to the other specialist knowledge areas, which include disclosure, compliance and documentation. It also shows how the different parts of the financial planning service fit together and covers areas such as estate planning, developing, implementing and reviewing a financial plan, and providing ongoing service. 

The self-paced learning option is offered year round and there are no enrolment date restrictions, meaning candidates can enrol any time.

Assessment

On completion of each module, you must complete an assessment consisting of a written assignment and a telephone role-play scenario. The assessment tasks are designed to enable you to demonstrate your skills and ability against the key areas of competency covered in each module.

On completion of modules one and two, candidates will achieve the FNS50615 Diploma of Financial Planning, which covers the essential skills and knowledge criteria required to provide advice in financial planning.

This course is offered under CPA Australia’s RTO.

CPA Australia Registered Training Organisation Number: 7144

Further information can be found in the Candidate handbook (PDF) and our policies and forms page.

• Fundamental skills and knowledge requirements for anyone wishing to provide financial advice to clients, including the "generic knowledge" requirements of RG146 such as economic environment, operation of financial markets and financial products
• In-depth learning on the legal environment (disclosure, compliance and documentation), and theories of investment that are common to all advisory areas
• The basis from which to address the financial needs of the client by examining areas such as - estate planning, developing a financial plan, implementing a financial plan, reviewing a financial plan and providing ongoing service