Prepare a detailed file note

Prepare a detailed file note - strategy paper

Assignment Help Accounting Basics

Reference no: EM132309729

Financial Planning Fundamentals Assignment -

Your task [Overall - Parts A and B] -

Based on the interview transcript 'Brendon - Initial Client Interview' you are required to prepare a detailed file note [strategy paper] using the templates provided.

As detailed, your file note [strategy paper] will be broken down into two parts, Part A and Part B, to enable you to receive feedback on your initial submission. Please refer to the submission section below and the specific Part A and Part B instructions for more information on what is required for each part.

Overall, your final file note [strategy paper], 'Part B', should include an overview of the interview with Brendon, including his current situation, his goals and objectives and any issues raised; and then based on this information, your strategic recommendations that address how he should achieve these goals. These recommendations should include wealth creation (both inside and outside of superannuation), wealth protection (insurance), estate planning, social security and lifestyle recommendations (as appropriate).

In practice, your file note [strategy paper] would most likely go to a paraplanner who would use the recommendations (and reasoning) given in this to prepare a Statement of Advice (SOA) for Brendon. However, you are not required to prepare a SOA.

Please note that a standard SOA template generally contains generic information such as what is a managed fund, what is total and permanent disability insurance etc. Accordingly, you are not required to include generic product information such as this in your submissions. Instead, the focus of your submission should be your strategy recommendations (and reasons why etc) as indicated in the Part A and Part B instructions.

The purpose of this assessment item

This assessment item is a practical, real world assessment task. It has been designed to assist students in putting the course content into practice to enable greater understanding, as well as increasing student's work-readiness for those intending on pursuing a career in financial planning.

This assessment task is also designed to assist students in preparing for latter courses, such as Applied Financial Planning which requires students to complete a full SOA, the next step in the financial planning process.

Part B: detailed instructions

As per the Course Profile, Part B requires you to submit your full file note [strategy paper] which includes; an overview of the interview with Brendon, including his current situation, his goals and objectives and any issues raised, and then based on this information, your strategic recommendations that address how he should achieve these goals. These recommendations should include wealth creation (both inside and outside of superannuation), wealth protection (insurance), estate planning, social security and lifestyle recommendations (as appropriate).

Attachment:- Assignment Files.rar

Reference no: EM132309729

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Reviews

len2309729

5/21/2019 11:07:47 PM

Your submission must be prepared using the relevant template provided. Your submission is a strategy document only, as such you are NOT required to price any actual quotes or recommend specific investment products; As illustrated in the templates, please bullet point your responses. Marking - It is important that you refer to the Part A and Part B Marking Rubrics which details the expected standards of each section of the file note [strategy paper]. The assessment is worth a total 80% of your final grade, that is, 20% for Part A and 60% for Part B.

len2309729

5/21/2019 11:07:40 PM

Submission - As previously noted, your Assignment will be submitted in two parts as follows: Part A: You are required to submit your intended wealth creation recommendations (outside superannuation), together with any lifestyle recommendations for feedback. This is worth 20% of your final grade. Part B: You are required to submit your full file note [strategy paper] as detailed above. This is worth 60% of your final grade. Part B includes any wealth creation / lifestyle recommendations for Brendon, which may or may not be the same as your Part A recommendations. Based on your Part A feedback, you can choose to update / change your recommendations as desired.

len2309729

5/21/2019 11:07:35 PM

All submissions must be submitted via the Blackboard Assignment submission point (within the assessment folder) and an electronic coversheet must also be completed. Further instructions on this and the specific due dates for Part A and B are provided. Finally, it is your responsibility to ensure you upload the correct file and the complete assignment is submitted by the due date. Please note you may submit your assessment item as many times as you like prior to the due date. Your final submission will be marked and count towards your final grade.

len2309729

5/21/2019 11:07:28 PM

For Part B: Your submission must be prepared using the Part B template provided. Your submission is a strategy document only, as such you are NOT required to price any actual quotes or recommend specific investment products; As illustrated in the template, please bullet point your responses. Please start a new bullet point for each separate point you make. There is no word limit for Part B. As a guide, your submission should be roughly 4,000 to 5,000 words, though you may exceed this, particularly if you are providing detailed explanations for each section with the aim of achieving an excellent result. However, please remember it is quality over quantity!

len2309729

5/21/2019 11:07:23 PM

A reminder that as part of your Part B submission you are required to include recommendations on the wealth creation and lifestyle objectives that you submitted for Part A. As discussed, you can choose to update / change any recommendations made for these sections for Part B and there is no word or page limit associated with this section for Part B. Please refer to the detailed template instructions below which sets out what you need to cover for each section in detail. Finally, please ensure you have reviewed the Part B marking rubric on L@G as well as the Part B checklist.

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