Financial Planning, 2nd Edition

Financial Planning, 2nd edition, has been thoroughly revised to reflect the changing legislative and professional regulations affecting the Australian financial planning industry, as well as capture the latest developments in teaching and learning design. Throughout this edition, a significant amount of work has been undertaken to integrate the Future of Financial Advice (FOFA) reforms across the title. The FOFA reforms had their genesis in a string of high–profile collapses that included Storm Financial, Westpoint and Opes Prime, which in turn led to a lack of trust and confidence in the financial planning sector. This edition also includes a new chapter on self–managed superannuation funds. This is the fastest growing sector of the fast growing, trillion dollar plus superannuation industry, and the new chapter provides students with a clear context and understanding of its wide–reaching impact. The authors have further built on the title’s reputation for presenting a comprehensive introduction to financial planning decisions, services and products, risk management, and the importance of long–term, strategic financial planning and lifelong management. In this 2nd edition, there is an increased focus on learning and understanding through the use of practical case studies to illustrate concepts. As more and more Australians look to financial planners for information and guidance on investment opportunities, and both short–term and long–term financial planning goals, this new edition reflects the financial planning industry’s need to ensure that it′s members are accredited and comply with the industry–recognised professional and ethical standards. The financial planning profession is expecting significant growth over the next few years and, accordingly, an increasing number of graduates will aim to build a professional career around assisting others to achieve their financial goals and objectives. Financial Planning, 2nd edition, has been designed to equip students of higher education institutions with the knowledge, concepts and skills required to successfully enter the exciting profession of financial planning.

1. Personal financial planning 2. Financial planning skills 3. Taxation planning 4. Investment choices 5. Direct investment — fixed interest and shares 6. Direct investment — property 7. Managed funds 8. Leveraged investments 9. Risk management and insurance 10. Superannuation 11. Retirement planning 12. Self–managed superannuation funds 13. Social security 14. Estate planning 15. Development of a statement of advice