(DFP4v1.0.1)-Securities and Managed Investments-Case Study-Kaplan Professional

Securities and Managed Investments-Case Study

Internal Code: TV8 Section 1 : Establish relationship with client and identify client’s objectives, needs and financial situation Section 1: Part A It is a legal requirement that you give your client a financial services guide (FSG). (a) Outline the timing requirements for providing an FSG. (b) Identify the two (2) ways that an FSG can be presented. (c) Identify six (6) pieces of information that must be included in an FSG. Section 1: Part B Provide a series of questions you could use to find out more about James’s share portfolio and his goals and attitudes relating to the portfolio. You must include at least one (1) open-ended, one (1) reflective and one (1) closed question. Clearly specify which type of question each is. Section 1: Part C Before giving advice to a client, it is essential to gather all the relevant information. What techniques will you use to gather sufficient information about James to determine his needs and objectives? How do you make certain he has provided you with sufficient information to formulate advice? Include discussion of both administration and soft skills. Section 1: Part D James has told you he wants to maximise his savings. What are two (2) questions that you would ask James to help you quantify (or calculate) this goal? Include responses from James that will assist you to formulate an appropriate strategy for him. Section 2: Analyse client’s objectives, needs, financial situation and risk profile to develop appropriate strategies and solutions.