Fins2643 Wealth Management Midsession Exam Practice
Select the MOST appropriate response.
1. Which of the following is NOT a step in the Financial
A. Collect the client data
B. Identify financial problems
C. Recommendations and impl
Asset Allocation and Portfolio
Chapter 7, 8, & 9
CFP Module 4
Explain what is asset allocation and its
Describe the key asset classes and their
Explain the role of managed fu
Unit 11 Estate Planning and
Discuss objectives in estate planning and
potential client considerations.
Explain the role of financial planners in estate
Discuss the effect of ownership method on
Chapter 15, 16
Discuss and apply the risk management process.
Explain the regulation of insurance products.
Assess the relative need of different insurance
policies for potential clients at different life stages.
Chapter 12, 17, Deloittes article
Explain the structure and regulations of the
Australian superannuation system.
Discuss different types of superannuation
Compare a regulated superannuation fund to
Home Ownership and Consumer Credit
Chapter 10 and 6
Distinguish between different types and
forms of property investments.
Identify advantages and disadvantages of
home ownership and property investment.
Explain determinants of
Unit 6 Managed Funds, Selection and
Discuss the regulatory framework and
operational structure of managed investments.
Distinguish between fund structure, style, asset
class and share class.
Differentiate between a
Unit 4 Tax Planning
Chapter 13 and 14
Compare the taxation to individual to that of
company, partnership, trust and super fund.
Explain the taxation of investment income
from various sources.
Explain and apply tax planning strategies
Unit 3 Taxation
Explain the different types of taxes that are
relevant for financial planning
Demonstrate understanding of the structure
and basic operation of the income tax system
Explain and apply the con
Unit 2 Budgeting and Financial Plan
Chapter 4 and 5
Explain the functional and compliance
significance of each step of the financial
Evaluate the financial goals.
Apply the life cycle theory to anticipate and
FINS2643: Course Overview
Financial planning is about making personal
financial decisions to ensure that we have
money to do what we want to do in life!
Its not rocket science.