CORPFIN 6010OL - Understanding SMSF Trustees
Online - Semester 1 - 2022
General Course Information
Course Code CORPFIN 6010OL Course Understanding SMSF Trustees Coordinating Unit International Centre for Financial Services Term Semester 1 Level Postgraduate Coursework Location/s Online Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange N Course Description The subject aims to develop advisers' knowledge and skills in behavioural finance and how this affects the decision making process of SMSF Trustees. Students will examine the central tenets from the field of behavioural finance, particularly those findings that provide insights into psychological influences in investment decision-making. Investors? decisions are influenced by a range of factors, some of which operate beyond conscious awareness and may result in measurable, systematic biases in investment decisions.
As one of three core subjects in this qualification, students will have the opportunity to develop their academic writing and research skills.
No information currently available.
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesOn successful completion of this course, students will be able to:
1. Critically review relevant contemporay behavioural finance models
2. Evaluate the application of different behavioural finance models in the adviser-trustee relationship
3. Research and explain factors resulting in measurable, systemic biases in investment decisions including differences between collective and individual decison making processes
4. Analyse the impact of behavioural biases on SMSF fund investment strategies
5. Develop a methodology for mentoring and guiding SMSF trustees
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s)
Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
Required ResourcesBaker, HK & Ricciari, V (eds.) 2014, Investor behaviour: the psychology of financial planning and investing, John Wiley & Sons, Hoboken, N.J ISBN 9781118492987
Recommended ResourcesSupplementary reference materials and learning resources are provided within the course online site
Online LearningThis course is delivered pre-dominantly online via the MyUni site.
Weekly topics and assessment must be accessed and viewed online.
Learning & Teaching Activities
Learning & Teaching ModesThis is an online course, students are expected to undertake the weekly topics as per the Activity Planners
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.Students should expect to work through a topic per week by the due date provided on the Activity Planner.
Students are required to complete 1 assignment for this course plus set aside time to study for the exam.
Learning Activities SummaryTopic 1 - Origins of behavioural finance
Topic 2 - Traditional and behavioural finance
Topic 3 - Emotional decision making
Topic 4 - Personality traits
Topic 5 - Risk perception and risk tolerance
Topic 6 - Behavioural portfolio theory
Topic 7 - Advising the behavioural investor
Topic 8 - Financial therapy
Topic 9 - SMSF trustee coaching and observational awareness
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Task Due Weighting Learning Outcome Assignment Week 6 40% 1,2,3 Exam Week 12 60% All Total
Due to the current COVID-19 situation modified arrangements have been made to assessments to facilitate remote learning and teaching. Assessment details provided here reflect recent updates.
To support the changes to teaching, the following revisions to assessment have been made:-
The written exam will be changed to an online exam with further details to come.
This is an individual assignment due in Week 6 and presents 40% of the final grade.
The overall word limit is 2000 +/- 10% and submitted via Turnitin on the course site.
The online exam consists of long and short answer questions representing 60% of the final grade.
SubmissionAssignment must be submitted via Turnitin by the due date
The assignment needs to be 2000 +/- 10% in word length. A penalty of 5% for every 100 words outside this limit will apply
Assignments submitted after the due date will need to be emailed to the Program co-ordinator and will be penalised 5% for each day it is overdue
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
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