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Diploma of Financial Planning (RG146 Compliant)

What does the FNS50615 Diploma of Financial Planning course involve?

To successfully launch your career in financial services, Monarch’s FNS50615 Diploma of Financial Planning provides you with the necessary industry specific certification (known as RG146) to be ASIC compliant. The course provides you with the ability to provide BOTH personal advice and general advice in the key areas of Financial Planning, Managed Investments, Securities, Derivatives, Superannuation and Insurance. This is also known as RG146 Tier 1 financial advice, and you must be issued with a Letter of Authority from an Australian Financial Services Licence Holder (AFSL), and hold a relevant degree. Upon receiving your FNS50615 Diploma of Financial Planning, you can give advice in various roles within the financial services industry. The course has been written by successful financial planners and is reviewed and updated every 3 months so it is always up-to-date.

A rewarding qualification

Students consistently tell us the course is very well structured and easy-to-follow. The course is nationally accredited by the Australian Government under the Australian Skills Quality Framework (ASQA). Monarch’s FNS50615 Diploma in Financial Planning covers all the fundamentals of financial planning and is a recognised pathway to our FNS60415 Advanced Diploma of Financial Planning and also University qualifications. You can choose to enrol in either our Online or face-to-face courses. You will see our competitive prices to the right of this page.

Victorian Government Funding is available:

Check your eligibility by CLICKING HERE

Extra Benefits:

  • Add RG146 SMSF for only $175 extra – a saving of $300!
  • Are you an Accountant? This RG146 qualification meets the education requirements issued by ASIC under the “Accountant Exemption Rules” for SMSF advice.

Course Modules

  • DFP 1 - Foundations of Financial Planning
    1. Fundamentals of the Australian economy
    2. Financial markets & participants
    3. Regulatory environment
    4. Australian licensing framework
    5. Establishing client relationships
    6. Identifying client goals and objectives
    7. Analysing client risk profile
    8. Developing financial planning strategies
    9. Presenting strategies to clients
    10. Implementation of strategies
    11. Client review process
    12. Code of ethics
    13. Introduction to taxation
    14. Introduction to social security
    15. Estate planning fundamentals
    16. Economic fundamentals
    17. Risk management within a financial services office
  • DFP 2 - Investments
    1. Key asset classes
    2. Securities – money market instruments
    3. Securities – fixed interest and bonds
    4. Securities – property
    5. Securities – shares
    6. Securities – alternative investments
    7. Risk and return
    8. Derivatives
    9. Investing in each asset class
    10. Difference between income and growth
    11. Dollar cost averaging
    12. Diversification
    13. Managed investments
    14. Index funds
    15. Fund managers
    16. Investment platforms
    17. Case studies
    18. Strategic asset allocation
    19. Tactical asset allocation
    20. Time value of money
    21. Application of investment principles
  • DFP 3 - Superannuation & Retirement Planning
    1. Superannuation in Australia
    2. Accumulation funds and defined benefit funds.
    3. Who can contribute into superannuation
    4. Identify the different kinds of contributions
    5. Taxation and superannuation earnings
    6. The superannuation guarantee
    7. The government co-contribution
    8. Super splitting and how it works
    9. Salary sacrifice and how it is applied
    10. Strategies and case studies
    11. The role and responsibility of superannuation trustees.
    12. How SMSF’s operate
    13. The mechanics of a superannuation pension
    14. Preservation age and accessing superannuation
    15. The tax applicable to superannuation benefits.
  • DFP 4 - Insurance & Risk Management
    1. The relationship between risk and insurance
    2. The basic characteristics of insurance
    3. General insurance
    4. Different types of insurance contracts
    5. Term life insurance
    6. Total and permanent disability insurance
    7. Critical illness (trauma) insurance
    8. Income protection insurance
    9. Taxation and personal insurance
    10. Identifying and calculating lump sum death and disablement requirements
    11. Insurance ownership structures
    12. Policy features, riders and add-ons
    13. Disclosure rules and obligations
  • Course features and support

    Studying Online vs Workshops

    Support you will receive
    Online Study (Self-Paced)
    • Easy-to-read Course materials
    • 1300 Telephone Support from our Accredited Trainers
    • Email Support from our Accredited Trainers
    • Video tutorials
    • Online Assessments
    • Online Student Discussion Forums
    Workshops (Face-to-face^)           Online Study Support PLUS

    • Workshop contact days facilitated by expert industry qualified trainers (see below).
     Corporation Solutions
    • Customised training for small, medium and large corporations (price on request)


    Online (Self-Paced) learning: allows you to start a course when and where it is convenient for you to study. Online learning is particularly popular with stay-at-home parents, full time employees, or anyone seeking maximum flexibility because you can choose the pace you study (fast or slow).  You will be very well supported throughout your course. Monarch’s dedicated online education support team provides ongoing support in whichever format best suits you including phone, email, Skype, ‘Teamviewer’ and online student discussion forums. Your dedicated trainer is an industry accredited specialist in Financial Planning meaning you are learning from an expert – available for you between 9am – 5pm Monday to Friday. Monarch’s state-of-the-art learning management system also offers online video tutorials. Studying online is cheaper too.

    Face-to-face workshops^: are conducted in a classroom environment enabling you to learn efficiently within a structured and engaging format. The workshops allow you to interact and network with other students under the guidance of industry professionals who “bring the course to life” and provide a “real world” perspective. IMPORTANT: Workshops are a fantastic way to learn, HOWEVER, pre-reading is recommended and NO assessments are completed within the workshop days or nights. The nominated workshop days ARE NOT a reflection of how long it takes to successfully complete the assessments and hence course. The factors that determine how long it takes to successfully complete the Diploma of Financial Planning are based on three things; work rate, background and ability.

    FNS50615 Diploma in Financial Planning – Detailed Pricing

    You can choose to enrol in the FULL Diploma of Financial Planning or alternatively you can enrol in just individual units (see prices below). There are substantial savings when enrolling in the Full Diploma of Financial Planning.

    Diploma units Online (self paced)
    Face to Face
    DFP1 Foundations of Financial Planning $475 $1,000
    DFP2 Investments $475 $1,000
    DFP3 Superannuation & Retirement Planning $475 $1,000
    DFP4 Insurance & Risk Management $475 $1,000
    FULL Diploma
    Enrol in the FULL Diploma and save!!
    $1,425 – we price match! $2,950
    HUGE SAVINGS Quality education, now more affordable Quality education, now more affordable

    ^All students studying at Monarch Institute are regarded as undertaking a course or qualification by Online distance education. Students may also choose to attend optional workshops which are facilitated by a recognised industry expert (‘facilitator’), in this instance a Financial Planning Professional. All Monarch facilitators are nationally recognised trainers and assessors under the Australian Quality and Training Framework (AQTF). To successfully complete the FNS50615 Diploma of Financial Planning, pre-reading, attendance at optional workshops (if applicable), self-study and post-workshop assessment is required. For further information, refer to Monarch Institute’s Student Information Guide and the workshop timetable section on our website. Please note, to be issued statements of attainment for units of competency in modules 2, 3 and 4 it is a prerequisite that module 1 is completed prior.

  • Am I eligible for Government Funding?

    We offer Government subsidised AND Australia-wide standard fee places. As a National training provider with training venues in Melbourne, Sydney, Brisbane, Perth and Adelaide, the majority of our students are NOT eligible for additional Government Funding if they live outside the State of Victoria. Please know, Monarch trains more students outside of Victoria than within, and provides fantastic training to students across every State of Australia, all at great prices! Please see our competitive course prices to the right of this page – you will see they are currently discounted. Please don’t hesitate to contact our friendly course consultants if you have any questions on 1300 738 955.

    If you live in Victoria, Monarch has Government funded placed for 2016.

    To see if you are eligible for a Government Funded place, please CLICK HERE to see the criteria or contact one of our friendly course consultants on 1300 738 955 to learn more.

  • How long is the course?

    You have up to 2 years to complete the qualification, and many complete it in less time.

    We find our students complete the FNS50615 Diploma of Financial Planning in varying time frames. It really does depend on your life situation. That is, your time availability, background, ability and work rate. There is no set minimum length of time to complete the course, however the maximum duration is 2 years. There is also a requirement that you complete each module within 6 months (i.e. 4 modules times 6 months = 2 years maximum). You have two study options; Online learning and Face-to-face workshops.

    Volume of learning: We have found people that work in the financial services industry with experience and understanding of the key concepts (for example Accountants) complete the course in as little as 9 months. Other students that have no experience or understanding of key concepts in the financial services area take closer to 2 years.

  • Studying Online...what is it like?

    Many students choose to study the FNS50615 Diploma of Financial Planning with Monarch via Online learning. The cost saving are one significant reason. The course fee is generally close to half the price of a face-to-face course fee. But its just not only about the lower course prices. Many students tell us they want the convenience to study when, where and how best suits their lifestyle requirements. Studying at night, on the weekend, or a few hours here or there is simply not a problem when enrolled in our Online course. And Monarch offers a continuance enrolment intake for the Online course so you can start any time.

    What student support will I receive when studying Online?

    Our students are often amazed at how well they are supported. If they have course question, they speak to real people – our Accredited Financial Planning trainers. Our trainers are industry experts. They are always happy to talk to you about the practical “must know” strategies they use to remain successful and deliver true value. You can contact your trainer via email, phone or Skype as often as you like. Contact is encouraged so we always tell students when enrolling to make the most of it  and take advantage of their trainer’s unique insight and experience, as part of their own education and learning experience.

    So if you are considering studying Online with Monarch, even though you may well be completing the Online course at home, in a coffee shop or in a park, remember help and support is just an email or phone call away. The assessment feedback is also marked by your trainer and the general turnaround for assessments once you submit them online into our learning platform (called ‘Moodle’) is no more than 5 business days, often much earlier! Convinced yet? We think you should be 🙂

    Please check out our video HERE !


  • Is this course accredited?

    Monarch Institute’s FNS50615 Diploma of Financial Planning and Advanced Diploma in Financial Planning are Government accredited. It has National recognition under the Australian Qualifications Framework (AQF) meaning it can be used as a pathway to a university qualification, nationwide. The course is ASIC compliant, having been approved by ASIC authorised assessors in meeting ASIC Policy Statement 146 (known as RG146) and is listed on the ASIC Training Register.

  • Units of Competency

    To be awarded a FNS50615 Diploma of Financial Planning: 21 units of competency are required for award of this qualification. You will be RG146 compliant in each of the following areas:

    • Financial Planning (Personal Advice Skills)
    • Generic Knowledge (Generic Advice)
    • Life Insurance (including General Insurance)
    • Superannuation & Retirement Planning
    • Managed Investments
    • Securities
    • Derivatives

    The units of competency* listed below are packaged into 4 modules:

    (1 – Foundations, 2 – Investments, 3 – Superannuation, 4 – Insurance):

    National Code  Unit Title
    Module 1 Foundations of Financial Planning
    FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations
    FNSFPL505 Review financial plans and provide ongoing service
    FNSIAD501 Provide appropriate services, advice and products to clients
    FNSCUS505 Determine client requirements and expectations
    FNSCUS506 Record and implement client instructions
    Module 2 Investments
    FNSFPL506 Determine client requirements and expectations
    FNSINC401 Apply principles of professional practice to work in the financial services industry
    BSBITU402 Develop and use complex spreadsheets
    FNSASICT503 Provide advice in Managed Investments
    FNSASICW503 Provide advice in Securities
    FNSASICV503 Provide advice in Derivatives
    FNSFMK502 Analyse financial market products for clients
    FNSFMK503 Advise clients on financial risk
    FNSINC501 Conduct product research to support recommendations
    Module 3 Superannuation & Retirement Planning
    FNSFPL502 Conduct financial planning analysis and research
    FNSFPL503 Develop and prepare financial plan
    FNSASICU503 Provide advice in Superannuation
    Module 4 Insurance & Risk Management 
    FNSASICX503 Provide advice in Life Insurance
    FNSFPL504 Implement financial plan
    FNSASICZ503 Provide advice in Financial Planning
    FNSASICM503 Provide Tier 1 personal advice in life insurance

    Please note, if you choose to up-grade to obtain RG146 SMSF accreditation, the following 5 units of competency are also added into an expanded Module 3 – Superannuation & Retirement Planning.

    National code Unit Title (RG146 SMSF Accreditation)
    FNSSMS501 Invest self-managed superannuation funds assets
    FNSSMS505 Support trustee in the selection and performance monitoring of outsourced services
    FNSSMS601 Provide advice in self-managed superannuation funds
    FNSSMS602 Apply taxation requirements when advising in self-managed superannuation funds
    FNSSMS603 Apply legislative and operational requirements to advising in self-managed superannuation funds

    *Please note, to be issued statements of attainment for units of competency in modules 2, 3 and 4 it is a prerequisite that module 1 is completed prior.

  • How will I be assessed?

    Monarch has carefully structured its financial services assessments to include a variety of formats which will enhance your understanding:

    • Case studies
    • Multiple  choice
    • Short answer questions
    • Workplace scenarios
    • Projects

    Check your English and Maths ability by CLICKING HERE

  • What employment and career opportunities will I have?

    Any person who provides financial advice must have an industry specific accreditation (known as RG146 certification). Completing the Monarch Institute FNS50615 Diploma of Financial Planning automatically means you are RG146 compliant in the key areas of financial planning, managed investments, securities, derivatives, life insurance and superannuation. For more detailed information click on the “Units of Competency” tab above this.

    This RG146 qualification will provide you with a vast array of employment opportunities within the financial services industry including; banks, fund managers, investment platform providers, investment research houses, superannuation funds, stock brokers, credit unions, accounting practices, financial planning practices, mortgage broking businesses, insurance firms, business brokers and real estate agencies.

  • Finding Work

    As an industry leader in delivering financial services education, Monarch is regularly approached by employers seeking outstanding students. Monarch’s privacy policy means students must approach employers directly to pursue employment opportunities, and often the roles are competitive. To be successful in obtaining employment in the financial services industry, new entrants should firstly research the industry, and consider:

    • Speaking to fellow students (and others) already working in the industry, to understand the areas currently in demand.
    • Research current vacancies and remuneration levels on career websites such as and
    • Inquire about professional membership to industry associations. There are often discounts for students so enquire at:
  • What further study options will I have?

    After the successful completion of a Diploma of Financial Planning you are eligible to enrol in the FNS60415 Advanced Diploma of Financial Planning.

  • Will my previous experience or study count?

    Monarch Institute recognises Recognition of Prior Learning (RPL) which takes into account the knowledge and skills you have already gained through your previous education and work history, attributing this to your Financial Services Diploma. This may be through formal or informal training and can result in credits towards your qualification.

    Advisers and students with foreign qualifications are required by ASIC to undertake courses on the ASIC training register to familiarise themselves with Australian regulatory requirements.