Financial planners develop and implement financial plans for individuals covering all areas of finance, including taxation, retirement, superannuation, insurance and estate planning.
To become a financial planner you usually have to complete a VET qualification in financial planning or financial services. As subjects and prerequisites can vary between institutions, you should contact your chosen institution for further information. You can also become a financial planner by completing a degree in finance, financial planning or financial services at university. To get into these courses you usually need to gain your Senior Secondary Certificate of Education. Prerequisite subjects, or assumed knowledge, in one or more of English and mathematics are normally required. A number of universities in Australia offer degrees in these areas. Universities have different prerequisites and some have flexible entry requirements or offer external study. Contact the institutions you are interested in for more information.
Financial planners may perform the following tasks:
Entry to this career is competitive. Firms usually recruit applicants who can demonstrate a strong academic background. It takes some time to gain the experience required for advancement, and many firms demand specialised qualifications or relevant experience. Financial planners work in financial planning organisations, banks, building societies and other organisations within the finance and investment sector. People in this occupation have a legal obligation to provide sound advice, which means that the job has considerable responsibility attached to it.
A stockbroker buys and sells stocks and bonds on behalf of clients.