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FNSFPL502:FNSFPL508: Complex Financial Planning Research - Finance Assessment Help
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Subject Code: FNSFPL502 FNSFPL508
Finance Assessment Help
TASK:
The first assessment involves the evaluation of the case study allocated to you, to assess the client's current situation and identify the issues.
This requires that you:
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undertake an analysis of the integrity of information provided by the client,
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identify and quantify the client objectives and expectations and test them for viability, and
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establish the basis for strategy development based on confirmed objectives.
Assessment Task 2
The next step in the Financial Service Advice Process includes the identification of research requirements and parameters.
This requires that:
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Aims and objectives of research including strategy, product and performance parameters are established against client requirements and expectations with all issues identified,
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The intended use of the research information is clearly established
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A wide range of relevant internal and external information resources required for the research are identified and accessed,
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Information requirements not met by regular sources are identified and strategies developed to access them legitimately, and
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Timeframes are established and requests for information prioritized to ensure milestones are met.
Complete your answers to this assessment task in the space in the table provided:
The first column you are required to fill in is (b) - What are some research questions that you could ask to determine the clients’ aims and objectives?
Assessment Task 3
he next steps in the Financial Service Advice Process includes the extraction and analysis of information according to research requirements and parameters.
This requires that:
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Data extraction criteria are established that are relevant to the intended use and client requirements and do not unduly limit the scope of research,
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Trends are identified to provide meaningful information on the performance of possible strategies, products, and markets,
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Financial products are analysed within appropriate timeframes to ensure currency of decision making and comprehensive risk assessment is made of products identified through the research,
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The obtained information is prioritised according to client requirements and expectations, and
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Issues that require specialist research or advice are identified and appropriate advice obtained.
Assessment Task 3.5oooo
Compare superannuation funds
Compare two alternative superannuation funds of your choice (refer to Personal Super Fund Profiles on the Rainmaker website to find fund if required). In your analysis, you should consider the security of the fund in terms of the reputation of the product provider, their experience in the superannuation market, the long-term average return and whether the investment options match Dennis’ risk profile. On the following page recommend one fund that will enable Dennis to receive a return in line with his risk profile.
3.6 Research using investments to pay down mortgage
Calculate whether your clients would be better off in after-tax dollars:
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Using their investment monies ($36,000) to pay down their mortgage; or
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Retaining the investments
You will need to calculate comparison savings in after-tax dollars over the next 7 years to clear the debt before Donna retires.
Would Dennis and Donna be better off keeping their investments (bank account, term deposit, and cash management account) or use the funds to pay down their mortgage? By how much?
Assessment Task 3.7
3.7 Calculate the future value of investment needs
Using the ‘ Compound Interest Formula’, calculate the future value of your client’s investment needs, assuming a:
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3% pa rate of inflation (net of inflation), and
Complete your answers in the table provided below bearing in mind the different timing requirements for funds. Show calculations using 8 decimal places, but the final results in two decimal places.
Then summarise your findings in terms of the future values (FV) arrived at, in relation to the client’s stated present values (PV).
Assessment Task 3.8
3.8 Calculate the future investment needs
Using the formula provided below to calculate the regular investment required to create a future value from the previous page, determine how much Donna and Dennis would need to invest each year for 12 years into an Inveostment Bond so as to provide for their grandchildren’s university education (Show calculations using eight decimal places, but the final results in two decimal places..
In your calculation, assume
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a 6% pa return (after management fees),
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no entry fee (rebated), and
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compounded annually.
Assessment Task 3.9
Compare investment bonds
Click on the below links to research Investment Bonds in order to make a recommendation for the clients. All the information required to answer the questions below can be found by clicking on appropriate links and downloading the Product Disclosure Statements when on the websites:
Assessment Task 3.10
3.10 Calculate mortgage payments to pay-out home loan
After researching their current home-loan, Donna and Dennis would save money by considering lowering the interest rate on their mortgage to 4.5%.
Assessment Task 3.11
Calculate the value of investments on retirement
Using the Future Value of a Cashflow formula, calculate the gross value of potential additional savings of $2,000 every 6 months assuming:
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Additional savings will continue until Dennis retires at 65, and
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An investment return of 8% pa compounding.
Assessment Task 3.12
3.12 Additional super contributions
Would non-concessional super contributions be better than Education Bond for saving for the grandchildren’s university education?
Assessment Task 3.13
Determine the personal insurance needs for your clients, considering their current insurance, appropriate policy ownership and changing needs as they transition towards retirement.
Since there are a number of methods that can be used by you to calculate insurance needs, you will be assessed on whether you can provide a reasonable basis for your calculations. Therefore, it is important to provide details of your calculations and to fully explain your method of calculation.
Assessment Task 4
Summarise and present results of research
The next steps in the Financial Service Advice Process include the extraction and analysis of information according to research requirements and parameters.
This requires that:
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Information on financial strategies and products is collated and checked against research specification,
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Written performance, trend and risk analyses are prepared and checked against research specification,
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Any qualifications or issues for further research are described and documented, and
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Research findings are presented to the financial planner.
Complete your answers to this assessment task in the space provided in the following pages.
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