I will provide you correct information and guidance to ensure your investment can reach your goal. Experienced people are here to help - and do, if asked. The financial position of the person changes from time to time like that of a company. What could be the alternative? All recommendations should be listed here. At the conclusion of this process you will need to have selected the product s that you think will meet their needs. Before they agree to your recommendations you have to negotiate this part of the plan with your clients. The company is a licensee that works as per the regulation of the government and all the work conducted by the company is done as per the law regulating it.
Yes No Current superannuation, rollovers, insurances and investments Superannuation Member Stephan Marie Fund name Answer here Answer here Date of joining fund Answer here Answer here Type of fund Accumulation Defined benefit Accumulation Defined benefit Pension Pensioner Pension Pensioner Contribution 9. She is a marketing manager for a local engineering company and has been with the same firm for ten years as well. Section 3 — Analysing the data The next step in the financial planning process is to analyse the collected data. Note:There are a series of questions relating to section 3 in the assignment that you must answer. The words of the agent must be attractive to convince the client.
Incomplete written assignments will be returned to you unmarked. You also complete some of the initial details in your data collection form so that it looks like Table 1. This work could have adult content. You are starting to think about retirement, although it may be many years away. This premium includes the private health insurance rebate.
However, this area still needs to be examined. The case study Section 1 — Meeting your client The first phone call John and ElsbethSmyth are a young married couple with one child. Many partners also work and any children are growing up and have either left home or require less supervision. Your appetite is towards a risky investment decision that needs special skill. If the client needs to ask anything about the company and plans of the company, they can contact the licensee at any point of time.
Income, tax and cash flow Tax calculation Client 1 Client 2 Notes Income from employment Salary Answer here Answer here Salary sacrifice Answer here state % if applicable Salary after salary sacrifice Answer here Answer here Other income Bank account interest Answer here state % return if applicable Interest from other investments Answer here state % return if applicable Share dividends Answer here state % return if applicable Imputation credits Answer here state % return if applicable Other income liable for tax e. Then the agent needs to make the client understand all facts about the service and the fees structure of the service they are providing. Nah, doesn't bother me how many no hopers come through the door - we cull them fast. I also understand that a policy purchased that differs from that recommended by the planner may not be appropriate to my needs. Do Marie and Stephan require any other insurance cover? Kelly earns extra cash by babysitting on a regular basis.
I acknowledge that the planner has provided me with the completed financial fact finder, signed by me. Your investment choices are diverse, but carry with them a higher level of risk. However, you may also be charged fees for purchasing and investing in some products we recommend. The in this form will be used strictly for that purpose. How much do they need? Include what other specialist advice they will need to source so they can have access to a comprehensive financial plan up to 500 words.
Make changes to your original submission. If you had funds available for investing, how would you choose to invest them? Insurance And Risk Protection Student identification student to complete Please complete the fields shaded grey. Insurance can be of short term or long term; in either case people have to pay some amount to the insurance companies for a limited time. Note:There is a series of questions relating to section 5 in the assignment that you must answer. No Section 5 Part B Your clients reluctantly agree with your choice, but it is clear they are not 100% satisfied.
A customer is someone who has an ongoing relationship with a financial institution. You are not required to provide specific advice to your client about her insurance, superannuation and estate planning needs. John works full-time as a chemical engineer for an agricultural supplies company that sells agricultural chemicals, seed and fertilisers and takes regular interstate business trips to rural and regional Australia. I took a few breaths, and went back. My point here is that we learn the most of things from working experience as oppose to uni books, especially the Kaplan once.