Foreign Exchange Adviser Course
The Foreign Exchange Adviser Knowledge & Skills course is designed for individuals who require authorisation by an Australian Financial Services License (AFSL) holder to provide advice on regulated Foreign Exchange products.
For existing authorised representatives, successful completion of this course allows you to extend your advisory range into Foreign Exchange products.
Focused on your Success
We recognise that employers are increasingly looking for candidates who are aware of the challenges of being a successful financial adviser. Often a candidate’s Qualification is the only evidence that they possess the technical knowledge and skills requirements to conduct themselves professionally as an authorised representative.
With a RG146 Training Australia (formerly known as PS146 Training Australia) qualification you have confidence in the fact that you will be equipped with the skills and knowledge gained from a credible industry-endorsed program that employs best practice assessment standards, helping you graduate at the leading edge of your chosen field.
“RG146 Training Australia simply makes our lives easier. Their professional problem-solving approach allows us to focus on other parts of the business; safe in the knowledge that RG146 graduates have what is takes to provide our clients with sound and accurate advice.” Charles Cavallaro, Professional Development Coordinator, Asgard, Securitor, St George
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Course Outcome
The Foreign Exchange Adviser course will equip you with the specialist knowledge to provide compliant advice to clients seeking to manage their currency exposure by using Foreign Exchange products.
CPD Hours
Upon successful completion of this online course, General Advice candidates will achieve 5.00 and Personal Advice candidates 7.00 accredited CPD points to contribute towards your yearly CPD obligations. What is CPD? Click here
Who Should Enrol?
This course is suitable for:
- individuals seeking employment with Foreign Exchange dealers
- individuals engaged in the promotion of Foreign Exchange products
- financial advisers seeking to enhance their investment advisory capability
- asset consultants
- trustees and Responsible Managers with responsibility for portfolios with exposure to Foreign Exchange products
Course Entry Requirement
This is an open entry course with no pre-requisite qualifications. In order for participants to successfully complete this course, it is recommended they have a strong grasp of literacy and numeracy.
Course Structure
Competencies
Foreign Exchange (General Advice)
- Provide general advice on financial products and services
Foreign Exchange (Personal Advice)
- Provide Advice in Foreign Exchange
- Conduct product research to support recommendations
- Provide appropriate services, advice and products to clients
- Determine client requirements and expectations
- Record and implement client instructions
Course Content
This RG146 accreditation course comprises three subjects and is delivered via fully-supported online distance learning.
These subjects include:
- Australian Industry Essentials (Generic Knowledge)
- Financial Advice Fundamentals (for personal advice learners only)
- Foreign Exchange (Specialist Knowledge)
*N.B. General Advice candidates are not required to undertake Financial Advice Fundamentals.
Australian Industry Essentials (Generic Knowledge)- Australian Economy
- Australian Financial Markets
- Investment Funds
- Corporations Act
- Regulatory Environment
- Licensees & Representatives
- Ethics
- Personal Taxation
- Social Security
- Wealth Creation Fundamentals
- Estate Planning Fundamentals
- Establishing Client Relationship
- Identify Client Objectives & Financial Situation
- Analyse Client Objectives & Financial Situation
- Develop Strategies & Solutions
- Present Strategies & Solutions
- Implement Agreed Plan
- Provide On-going Advice
- Overview
- Characteristics of Financial Markets
- Foreign Exchange Market
- Overview of Foreign Exchange Products
- Spot Exchange Rates
- Forward Cover and Hedging
- Currency Options
- Taxation of FX Gains and Losses
- Risk Management
Assessment
This RG146 accreditation course comprises two subjects. These subjects include:
- Australian Industry Essentials (Generic Knowledge)
- Foreign Exchange (Specialist Knowledge)
- Financial Advice Fundamentals * (Skills)
- Advice Process * (Skills)
Assessment includes:
- multiple choice knowledge test (open-book, online) per subject
- one case study with short-answer responses
- one role play of client/adviser engagement simulation *
Note:
- General Advice candidates do not require adviser skills and therefore are exempt from adviser skills assessment.
- Learners have two attempts at multiple-choice knowledge test (complimentary) with provision of a third attempt at a fee of $95.