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FNSFPL503: Develop a Financial Planning & Research | Finance Case study Assignment Help
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Internal Code: 1IAHG
Develop a Financial Planning & Research | Finance Case study Assignment Help
Task: 1 This first assessment task requires you to establish plan objectives and scope. It requires you to:- review and compare research results to client requirements and expectations,
- analyse current client situation to determine opportunities and constraints,
- identify and assess desired financial resource and market parameters, and
- develop plan objectives for asset growth, income, risk, taxation and any other objectives developed in consultation with the client.
- develop and test client related and economic key assumptions,
- identify and test legislative and regulatory requirements, including taxation assumptions, and
- seek clarifications from client or other professionals as required and document strategic assumptions for client review.
- develop initial strategic options based on strategic assumptions and client specifications
- analyse and model strategic options, with any inappropriate options rejected
- develop supporting arguments for each final strategic option and include in a draft overall strategy, and
- make any necessary client checks or consultations to verify the plan strategy.
- select specific products and options to meet agreed strategy with cash flow, liquidity and capital preservation or estate planning requirements incorporated as required,
- develop recommendations for financial asset allocation structure, including where provision is required for equities, trusts, partnerships, allocated pensions, and superannuation and planned capital expenditure
- develop recommendations for changes to income and taxation arrangements, including referral advice to accountants or lawyers as appropriate,
- develop recommendations on risk management strategies and products and incorporate in the plan,
- incorporate anticipated fees and charges into the plan, with information on internal and external complaint resolution procedures available to the client, and
- document the financial plan according to organisation guidelines and procedures.