Unit of competency Outline
Date retreived
23/07/2026 1:14 PM AWST
23/07/2026 1:14 PM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Provide technical and professional financial planning guidance
Provide technical and professional financial planning guidance
Unit of competency
National Code
FNSFPL611
FNSFPL611
State Code
OCI08
OCI08
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
11/03/2021
Field of Education
081105 - Investment And Securities
Original Release Date
11/03/2021
Nominal Hours
45
Description
This unit describes the skills and knowledge required to provide technical and professional guidance in a financial planning practice. It involves mentoring staff in the practice, providing technical information to staff and peers, and acting as a practice reference for any special areas of expertise.The unit applies to those with experience and specialised knowledge of the sector and well-developed communication skills who provide leadership and guidance to others within their organisation, making judgements within their level of responsibility.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant state and territory regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Mentor team members in the practice
- 1.1 Provide technical guidance and advice to practice team members in developing financial plans appropriate to their skill level and need
- 1.2 Provide technical advice and assistance to practice administrative and processing staff where required
- 1.3 Identify potential problems before they develop and take preventative steps according to organisational policies and procedures
- 1.4 Model and communicate ethical behaviour and provide feedback to team members according to organisational policies and procedures
2. Provide technical and professional information to team members
- 2.1 Circulate information relevant to team members for development purposes
- 2.2 Provide opportunities to colleagues for feedback and queries on circulated information
- 2.3 Use specialists with appropriate advanced technical competency as point of reference when required
3. Provide skill development opportunities in practice in special areas of expertise
- 3.1 Monitor market, product, legislative and regulatory changes in special areas of expertise for development purposes
- 3.2 Monitor practice information and skill requirements in special areas of expertise
- 3.3 Establish staff briefings and training sessions for team members for development purposes in area of expertise
- 3.4 Develop and deliver skill development exercises for individual team members as required
- 3.5 Seek and integrate feedback from team members on skill development provided and make applicable improvements
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUR49 | FNSFPL601 | Provide technical and professional guidance | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFX2 | FNS60920 | Advanced Diploma of Paraplanning | Qualification |