Financial plan development, Financial Management

Assignment Help:

You need to tick all the boxes below to acknowledge that your Statement of Advice complies will all the requirements. This checklist needs to be appended to the cover sheet of the hardcopy only. Plans that do not meet the presentation requirements will not be assessed.

  • The SOA can be completed individually or as a group of two people. Please note that we will not allow groups of more than two people under any circumstances. If you are going to work with someone that you have not worked with before you need to assess their ability to deliver their share of the work tasks early in the semester. We will not accept as an excuse that a group has fallen apart close to the submission date as a valid excuse - if for whatever reason a group does split up we will expect an individual assignment submission from all members by the due date.
  • An electronic copy of the Statement of Advice must be lodged on DSO by the due date by both members of the group or by the individual, if the Statement of Advice is prepared by an individual.
  • A hard copy of the Statement of Advice must also be submitted. If the Statement of Advice is prepared by a group then only one hard copy needs to be submitted on behalf of the group.
  • When a plan is prepared by a group it should read as if it is written by one person - if you simply divide up the sections of the plan between the members of the group and then come together briefly at the end to combine the sections into one plan it is very unlikely that you will be able to prepare the comprehensive and integrated plan required.
  • The page length is limited to 65 pages. This 65 page limit is inclusive of any pages devoted to financial projections. All pages must have a footer which includes the student ID(s) and the page numbering eg page 14 of 18.
  • The SOA should be produced in a 12 point Times New Roman font. This includes financial projections and appendices. The plan should have standard margins.
  • The SOA should be written directly to Phillip and Sunitha - it should not be written to the marker with Phillip and Sunitha referred to in the third person. The plan must be client friendly and client ready. 
  • Wherever possible recommendations must be made on the basis of real products and real prices that you have researched.
  • You can assume that the clients have been provided with a Financial Services Guide (FSG) and the relevant Product Disclosure Statements (PDS). Where you recommend a product/service for which a PDS is available on the web you should reference the relevant URL.
  • The first page of the plan must include the following information:

o The name and student ID of each student that contributed to the plan.

o A heading ‘Assumptions'. Under this heading you should list all the assumptions that you have made in order to complete the financial plan. These assumptions should not be used to reduce the flexibility of the financial plan. Please note that this information is directed to the marker of the SOA - not the client. The client is not expected to read this first page therefore where these assumptions will affect the clients understanding of the plan they should also be restated in the appropriate section of the plan.

  • The second page of the financial plan should be a covering letter to the client.
  • The third page of the financial plan should be a table of contents.
  • Given the length of the SOA, there is precious little room for generic information. For example you may wish to recommend managed investments over direct investments - in this case a thumbnail sketch of managed versus direct investments would be appropriate but a detailed discussion would not be appropriate. For a detailed discussion of managed versus direct investments you can refer the client to an actual URL that you have found. A discussion of how managed investments fit the needs of the client is however not generic and very relevant for inclusion in the financial plan.
  • All financial modelling should be done in real terms and the impact of modelling in real terms needs to be made clear to Phillip and Sunitha. Where nominal rates have been quoted you should use an inflation rate of 3% to adjust nominal rates into real rates.

Related Discussions:- Financial plan development

What are financial crises in financial markets, What are financial crises i...

What are financial crises in financial markets? Financial crises: Financial crises are described as major disruptions in financial markets which are characterised by shar

Working of financial services authority, Working of FSA The FSA Board ...

Working of FSA The FSA Board is responsible for the management of FSA. It is appointed by the Treasury. It consists of a chairman, a chief executive officer, three managing dir

Role of government notes and bonds in finance national debt, Explain the vi...

Explain the vital role of government notes and bonds in the finance national debt. Government notes and bonds are issued within the USA by the US Treasury to finance national d

Consequence of the cash operating cycle, Q. Consequence of the cash operati...

Q. Consequence of the cash operating cycle? The cash operating cycle is the length of time among paying trade payables and receiving cash from receivables. It is able to be cal

Determine financial goal of the entrepreneurial venture, 1) What is the fin...

1) What is the financial goal of the entrepreneurial venture?  What are the major components for estimating value? 2) Briefly discuss the likely importance of an entrepreneur's

How premium and discount are determine while asset are ptm, Explain how the...

Explain how the premium and discount are determined while assets are PTM (priced-to-market). When would the law of one price prevail in international capital markets although if fo

Explain the meaning of compound interest compounded yearly, $7000 are inves...

$7000 are invested at 5% per annum compound interest compounded yearly.  What would be the amount after 20 years? Solution Here i = 0.05, P = 7000, and n = 20. Putting it i

Dd-aa model, a Suppose you are the TA of Econ 3602 and one student does not...

a Suppose you are the TA of Econ 3602 and one student does not know how to derive the DD schedule. Show this student how to derive the DD schedule. Support your answer with equatio

Reinvestment risk, Reinvestment risk is the risk involved in reinvesting th...

Reinvestment risk is the risk involved in reinvesting the proceeds received from the issuer against callable bonds. During falling interest rate periods, investor canno

How can we measure the present value, How can we measure the Present Value ...

How can we measure the Present Value When we solve for present value, rather than compounding the cash flows to the future, we discount future cash flows to present value to ma

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd