Domain - Financial Advice
TOP > Service Sector > Financial Services > Financial Advice
| 0 Qualifications | 22 Assessment Standards (22 Units) | View Education Organisations with Consent to Assess |
Qualifications Domain-full
No qualifications currently registered at this level. Also check fields and sub-fields.
Assessment Standards
Hide education organisations, CMR & purpose »
Level 4
Establish customer relationships and analyse needs in the financial services industry
This standard has expired and is no longer available.
Version 2 This unit standard and unit standard 24759 have been replaced by unit standard 28197.
24758 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to, in the financial services industry: . establish relationship with customers; . identify customer objectives, needs and financial situation; and . analyse customer objectives, needs, financial situation and risk profile.
Standard-setting body:
Develop, present, and negotiate solutions for customers in the financial services industry
This standard has expired and is no longer available.
Version 2 This unit standard and unit standard 24758 have been replaced by unit standard 28197.
24759 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to, in the financial services industry: . develop appropriate strategies and solutions to meet customer's needs; . present appropriate strategies and solutions to the customer; . negotiate and finalise a financial solution with the customer; . coordinate implementation of the agreed solution; . complete and maintain necessary documentation; and . agree on and provide ongoing customer service.
Standard-setting body:
Match financial products and/or services to customer needs in the financial services industry
This standard has expired and is no longer available.
Version 2
24765 Unit Standard 3 Credits
View Education Organisations with Consent to Assess »
This unit standard covers matching financial products and/or services to customer needs appropriately, without customer contact. People credited with this unit standard are able to, in the financial services industry: . access the information needed to determine the fit between the financial product and/or service and the customer; and . determine suitable financial products and/or services to meet customer needs and expectations.
Standard-setting body:
Research specified financial strategies and products to predetermined guidelines in the financial services industry
This standard has expired and is no longer available.
Version 2
24772 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to, in the financial services industry: . interpret research requirements; . research financial products and strategies in accordance with predetermined guidelines; and . summarise research information and make recommendations in accordance with predetermined guidelines.
Standard-setting body:
Prepare a financial plan for a customer, to predetermined strategies and guidelines in the financial services industry
This standard has expired and is no longer available.
Version 2
24773 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to, in the financial services industry: . confirm customer objectives and scope of the financial plan; . analyse and review options against predetermined strategy; and . develop a financial plan to predetermined strategy and guidelines.
Standard-setting body:
Implement a financial plan to predetermined guidelines in the financial services industry
This standard has expired and is no longer available.
Version 2
24774 Unit Standard 4 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to, in the financial services industry: . establish administrative actions needed to implement a financial plan; . undertake required actions for implementation of a financial plan; and . establish administrative actions needed to review a financial plan.
Standard-setting body:
Apply advice process within predetermined guidelines in banking or insurance
This standard has expired and is no longer available.
Version 2 This unit standard replaced unit standard 24758 and unit standard 24759.
28197 Unit Standard 10 Credits
View Education Organisations with Consent to Assess »
This unit standard is for people working or intending to work in a banking or insurance context who need to apply a professional advice process within predetermined guidelines when interacting with customers. People credited with this unit standard are able to: - establish relationships with customers; - identify customer objectives, needs, and financial situation; - analyse customer objectives, needs, financial situation, and attitude to risk, and develop appropriate solutions to meet customer needs; - present strategies and solutions to the customer in a way that the customer understands; - agree and finalise a financial solution with the customer and coordinate implementation of the agreed solution; and - agree on and provide ongoing customer service.
Standard-setting body:
Apply advice process within predetermined guidelines in family/personal budgeting
This standard has expired and is no longer available.
Version 2
28198 Unit Standard 10 Credits
View Education Organisations with Consent to Assess »
This unit standard is for people working or intending to work in a family/personal budgeting advice context who need to apply a professional advice process within predetermined guidelines when interacting with clients. People credited with this unit standard are able to: - establish relationships with clients; - identify client objectives, needs, and financial situation; - analyse client objectives, needs, and financial situation, and develop options to meet client requirements; - present appropriate options to the client in a culturally appropriate way that the client understands; - agree and finalise the selected option(s) with the client and coordinate implementation of the selected option(s); and - agree on and provide ongoing monitoring for the client.
Standard-setting body:
Level 5
Demonstrate understanding of relationships between economic environments, financial markets and their participants
This standard has expired and is no longer available.
Version 3
25642 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to demonstrate understanding of: - the operation of financial markets; and - the economic environment and connection to financial markets and their participants.
Standard-setting body:
Demonstrate understanding of the stages of personal financial advice and the products used by financial advisers
This standard has expired and is no longer available.
Version 2
25643 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to: . explain and evaluate the processes of personal financial advice; . demonstrate understanding of the products and services used by financial advisers; and . demonstrate understanding of personal tax situations and the estate planning implications of financial solutions provided by a financial adviser.
Standard-setting body:
Demonstrate understanding of insurance structures, principles, products; and risk principles used by financial advisers
This standard has expired and is no longer available.
Version 2
25644 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to demonstrate understanding of: . insurance structures, products and general principles, and their relevance to work as a financial adviser; and . types of risk and processes for managing risk in relation to work as a financial adviser.
Standard-setting body:
Demonstrate understanding of the life insurance market and life insurance
This standard has expired and is no longer available.
Version 2
25645 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to demonstrate understanding of: . the life insurance market; . types of life insurance relevant to clients of financial advisers; and . implementation and claims processes for life insurance.
Standard-setting body:
Demonstrate understanding of the health insurance market and health insurance
This standard has expired and is no longer available.
Version 2
25646 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to demonstrate understanding of: . the health insurance market; . types of health insurance relevant to clients of financial advisers; and . implementation and claims processes for health insurance.
Standard-setting body:
Demonstrate understanding of the fire and general insurance market and fire and general insurance
This standard has expired and is no longer available.
Version 2
25647 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to demonstrate understanding of: -the fire and general insurance market; -types of fire and general insurance relevant to clients of financial advisers; and -implementation and claims processes for fire and general insurance.
Standard-setting body:
Demonstrate understanding of investment concepts used by financial advisers
This standard has expired and is no longer available.
Version 3
25648 Unit Standard 10 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to demonstrate understanding of: . investment asset classes and how they are utilised in developing investment strategies for clients; . application of quantitative analysis techniques used by financial advisers; . portfolio construction techniques used by financial advisers; . the concept of balancing investment risk and return and its relevance to work as a financial adviser; and . investment products and/or services as a financial adviser.
Standard-setting body:
Apply principles of investment advice
This standard has expired and is no longer available.
Version 3
25649 Unit Standard 7 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to: . develop investment strategies for clients of financial advisers; . quantify cashflow requirements to implement investment strategies; and . develop an investment plan using appropriate investment and financial strategies relevant to the client's personal situation.
Standard-setting body:
Demonstrate the steps in the financial advice process relating to client relationships and gathering information
This standard has expired and is no longer available.
Version 3
25650 Unit Standard 6 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to: - establish and define the nature and scope of the client and financial adviser relationship, and - gather client information to identify and analyse client requirements and risk profile.
Standard-setting body:
Demonstrate the steps in the financial advice process relating to the development and presentation of recommendations
This standard has expired and is no longer available.
Version 3
25651 Unit Standard 8 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to: - analyse and evaluate financial situations of clients, and - develop, present, and agree appropriate financial strategies and solutions for clients.
Standard-setting body:
Demonstrate the steps in the financial advice process relating to the implementation and review processes
This standard has expired and is no longer available.
Version 3
25652 Unit Standard 6 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to: - coordinate the implementation of agreed financial strategies and solutions for clients, and - monitor agreed financial strategies and solutions for clients.
Standard-setting body:
Apply legislation, regulations, and codes of practice, maintain business records, and respond to fiduciary issues
This standard has expired and is no longer available.
Version 3
25653 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able, as a financial adviser, to: - demonstrate understanding and application of legislation, regulations, organisational policies, and industry and professional codes of practice - demonstrate understanding of the maintenance of required business records, and - demonstrate identification and application of relevant responses to fiduciary issues that arise in the performance of the role of a financial adviser.
Standard-setting body:
Demonstrate understanding of the business risk insurance market and business risk insurance
This standard has expired and is no longer available.
Version 2
25654 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to demonstrate understanding of: . the business risk insurance market; . types of business risk insurance relevant to clients of financial advisers; and . implementation and claims processes for business risk insurance.
Standard-setting body:
Demonstrate understanding of the legislative framework for authorised financial advisers
This standard has expired and is no longer available.
Version 4
26360 Unit Standard 5 Credits
View Education Organisations with Consent to Assess »
People credited with this unit standard are able to demonstrate understanding of: - participants and terms in the legislative framework for financial advisers, and the registration and reporting requirements of financial advisers - disclosure and conduct obligations of financial advisers, and financial services compliance legislation - the Code of Professional Conduct for Authorised Financial Advisers, and - the requirements of consumer legislation and disputes resolution as an Authorised Financial Adviser.
Standard-setting body:
Data as at 2025-05-01 23:01:07.45