XPLAN Training Course
What is XPLAN?
XPLAN is cloud based software at the ‘heart’ of financial planning operations. The software allows advice firms to manage all aspects of the advice process. In simple terms, XPLAN is used to research the advice, deliver the advice, and implement the advice. XPLAN is used in small, medium and large financial advice firms. In fact, all top four banks currently use XPLAN.
What you learn in the XPLAN course
Monarch’s XPLAN Software Training has been developed to teach you how to effectively research, build Statements of Advice (SOA’s), implement advice, and operate workflows via XPLAN. XPLAN software is brilliant. In fact 70% of advice businesses in Australia choose that specific software to run their firm. This tailored training solution offers students the opportunity to learn XPLAN from the ground up.
What the XPLAN course includes
We provide you with XPLAN student edition software access for 6 months to complete the course. You have access to our state-of-the-art Online learning management system that includes XPLAN user guides, screen casts, videos and assessments. You are never on your own – our XPLAN trainers are available to guide you throughout the course.
Get ahead – become job ready
When you learn XPLAN, you set yourself apart from other candidates seeking a job in financial services. You have a real employability edge. If you are committed and choose to master this highly valuable software skill, just watch your career blossom over time.
Module 1 - Client Focus (Introduction)
- Xplan navigation
- Create a client and enter a fact find
- Workflow and communication
Module 2 - Portfolio and Modelling (Investments)
- Creating existing portfolio positions
- Modelling client scenarios
- Generate portfolio reports
Module 3 - Wealth Solver (Superannuation)
- Superannuation rollovers
- Review alternative superannuation funds
- SOA wizard and generation of SOA
Module 4 - Risk Researcher (Insurance)
- Needs Analysis
- Insurance recommendations features and benefits
- SOA wizard and generation of SOA
Engaging content. Amazing support.
Online Study or Workshops Online Study (Self-Paced)
- Easy-to-read course materials
- Videos and Webinars
- XPLAN software (6 month access)
- Telephone Support from our XPLAN Trainers
- Email Support from our XPLAN Trainers
- Online Assessments
- Online Student Forums
Workshops (Face-to-face)^ Online Study Support PLUS
- Workshop contact days: 8 days (1 day per week held over 8 weeks)
- Facilitated by expert industry qualified trainers
^ Please note, you need a working computer less than 8 years old with internet access if studying Online. You need a working laptop less than 8 years old if attending the 8-day workshop. The workshop is held over 8 weeks, and is offered in addition to the Online study support available to all students. It is not indicative of the total course duration. Please refer to the ‘duration’ tab (below) for more information.
Online vs workshops
Online Learning – any time, any place, with maximum flexibility
Online learning allows you to start a course when and where it is convenient for you to study. It 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 are very well supported throughout your XPLAN course. A dedicated Online education support team allows you to discuss your course work on a one-on-one basis with a specialist XPLAN Trainer. Your XPLAN Trainer is happy to contact you via phone, Skype, email or Teamviewer between Monday to Friday 9am to 5pm as you progress through the course, so you definitely won’t feel alone. You also have access to Online discussion forums via Monarch’s state-of-the-art learning management system providing access to an online learning community of fellow students.
Please CLICK HERE for more information about studying Online with Monarch.
Face-to-Face workshops – CBD training nationwide
We offer intimate ‘small class room’ training (i.e. no more than 16 students per trainer) at our state-of-the-art training facilities just minutes from the CBD in Melbourne and Sydney. Please note, participants must bring a working laptop to the workshop that can access the Wifi connection Monarch provides.
Workshop interest varies across locations and times of the year. We would be pleased to record your interest in any of our face-to-face courses and will let you know as soon as the course is confirmed to proceed.
Monarch Institute provides onsite training for group instruction (minimum 6 staff). Please call us or email us, if you represent a company or organisation with more than 6 staff that require face-to-face workshops conducted at your office.
XPLAN Software Training Course – Detailed Pricing
XPLAN Course Online (self-paced)
Full Course $950 $2,200
^All students studying at Monarch Institute are regarded as undertaking a course or qualification by Online education. Students may also choose to attend optional workshops which are facilitated by a recognised industry expert (‘trainer’), in this instance an XPLAN Professional. All Monarch trainers are nationally recognised trainers and assessors under the Australian Quality and Framework (AQF). To successfully complete the XPLAN course, pre-reading, attendance at optional workshops (if applicable), self-study and post-workshop assessments is required. For further information, refer to Monarch Institute’s Student Information Guide.
Is there a maximum course completion time?
Yes – you have up to 6 months to complete the XPLAN course
We find our students complete the XPLAN course in varying time frames. It really does depend on your life situation, and time availability. The software licence you receive is for 6 months.
Is there a minimum course completion time?
No – there is no minimum course time-frame.
Students can complete the course as quickly as they choose.
What is the average course completion time-frame?
Volume of learning: We have found students that are genuinely motivated to progress through the XPLAN course are able to complete the full course in less than 6 months. Other students take the entire 6 months. The key factors that influence course completion is a student’s experience, time availability and work rate.
Software training for industry
Monarch Institute is licensed as a Registered Training Organisation (RTO number 22530) under the Australian Skills Quality Authority (ASQA), which is an Australian Government statutory body regulating nationally recognised training.
Nationally Accredited – No
The XPLAN course is not a nationally accredited course. All participants will receive a Statement of Completion. If you choose to complete our XPLAN Course as part of the Diploma of Financial Planning or Advanced Diploma of Financial Planning that Monarch offers, these are nationally recognised qualifications under the Australian Qualifications Framework (AQF), so you will receive a Nationally Recognised qualification transcript for both those courses.
Is this part of either the Diploma or Advanced of Financial Planning?
No. This is optional non-accredited training.
Are there prerequisites?
No. But to ensure you understand what you are doing when learning the software, we recommend you either study the Diploma of Financial Planning or Advanced Diploma of Financial Planning while doing the XPLAN software training, or have studied either course in the past. Alternatively, if you work in the financial planing industry, call our course consultants to discuss your specific circumstances.
Monarch has carefully structured its financial services assessments to include a variety of formats which will enhance your understanding:
- XPLAN Case studies
- Multiple choice
- Short answer questions
- XPLAN Workplace scenarios
Check your English and Maths ability by CLICKING HERE
What career opportunities will XPLAN training provide?
In short a lot! Many job roles explicitly request XPLAN experience. There is a shortage of suitably capable RG146 qualified graduates with the required XPLAN knowledge and skills firms need. This course has been developed to precisely address that need.
XPLAN training must be understood in context. That is why we want you to complete your RG146 Diploma of Financial Planning and/or Advanced Diploma of Financial Planning with Monarch (or another provider) prior to, or at the same time as studying this XPLAN course. Having XPLAN experience combined with a Diploma or Advanced Diploma of Financial Planning provides you the best chance of getting a first job as a para-planner or associate financial planner. This XPLAN course will set you apart in the job market.
Interships (Work Integrated Learning)
Can you get do an internship (work integrated learning)?
Yes. Monarch has partnered with Australia’s largest internship (work integrated learning) provider called Performance Education – click here for more information. For a separate additional fee, Performance Education will arrange a 10 week internship at a financial services firm to get real work experience. You can show the employer how keen you are, and hopefully the employer is suitably impressed to offer you employment afterwards. If you have XPLAN knowledge, the internship will give you exposure to XPLAN and how it is used in practice. If you choose to study Monarch’s Diploma of Financial Planning or Advanced Diploma of Financial Planning without studying XPLAN, the internship is still available but the host firms selected will either not use XPLAN (i.e. the other 30% of the industry) or the work experience will focus on different job elements. To be clear, the internship (work integrated learning) is not a job. What we do know from past experience is many interns are offered employment at the end.
Call our friendly course consultants for more information about the Performance Education internship opportunities Monarch has arranged on 1300 738 955.
Hear why people choose Monarch
- Our students discuss why they chose a financial planning career
- Hear insight from experts about the financial planning industry
- Hear from our students about their learning experience
- Discover why Online learning is fantastic
- Hear what it takes to be successful in the financial planning industry
- Experts explain career opportunities in Accounting & Bookkeeping
- Our students discuss why they chose a financial planning career
- Natalie explains how she started her Bookkeeping business
- Simon explains how the Diploma of Accounting works
- Chris explains his small business journey
- Fleur explains her success in building a furniture business
- Jay shares his experience starting an Online business from home
- David explains why Logistics is such a big industry