Learning Effort: 1 hour (1 CPD point)
Mode of Delivery: Online/self-paced
Microcredential Structure
To complete this microcredential, you will explore key financial advisory concepts tailored to Millennial clients. Through interactive activities, case studies, and assessments, you will develop the expertise needed to guide this generation effectively.
Course Structure:
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Introductory Activity – Setting the scene for advising Millennials.
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Concepts and Guidelines – Understanding personal vs. general advice, Statement of Advice (SoA) requirements, and ethical obligations.
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Checkpoints – Assessing comprehension and application of key concepts.
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Knowledge Application Activities – Optional exercises to reinforce learning.
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Case Study Assessment – Practical application of advisory strategies.
In This Microcredential, You Will:
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Differentiate Personal and General Advice Gain clarity on the distinctions between personal and general financial advice, ensuring you provide clients with compliant and relevant guidance.
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Master Statement of Advice (SoA) Essentials Learn the key components required in an SoA, including scope, disclosure, and compliance considerations, to provide transparent and ethical financial guidance.
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Navigate Digital-First Client Engagement Understand how Millennials prefer to communicate, from email and video conferencing to robo-advice, and how to adapt your approach accordingly.
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Apply Ethical and Legal Standards Ensure your advisory practices align with the Financial Planners and Advisers Code of Ethics 2019 and CPD requirements, maintaining high professional standards.
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Engage with a Practical Case Study Test your knowledge with a real-world scenario, reinforcing your ability to provide effective financial advice to Millennial clients.
By completing this microcredential, you will earn a digital badge and 1 CPD point, demonstrating your proficiency in advising Millennial clients.
Prepare yourself for the future of financial advising—enroll today!
This CPD program contains content which will enhance knowledge and skills within theClient Care and PracticeCPD activity area inorder to meet obligations under theCorporations (Relevant Providers Continuing Professional Standard) Determination (Amendment) 2020
What is CPD?
CPD is the intentional maintenance and development of the knowledge and skills needed to perform ina professional context.Under the Corporations Act 2017 (the Act) all individuals identified as a ‘relevant provider’ must meetthe requirements for continuing professional development set by the Standards Body (s 921B(5)).
Additionally, it is an obligation under the Financial Planners and Advisers Code of Ethics 2019 that financial advisers must develop,maintain and apply a high level of relevant knowledge and skills (Standard 10).
This microcredential isFREEforWSU Staff and Students. Please use your Western ID to sign in via thisURL.
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