Financial Planning

Front 1

Before delivering a financial service, what document must be presented to a client?

Back 1

FSG - Financial Services Guide

Front 2

How is information about a clients relevant financial circumstances and tolerance to risk collected? (2 items)

Back 2

Fact find & Risk profile

Front 3

At the 2nd interview what is presented to client (when personal advice is being sought)?

Back 3

SoA - Statement of Advice

Front 4

What relationship must exist being client and adviser for a Statement of additional advice?

Back 4

On-going

Front 5

In what instances may a Record of Advice be appropriate? (2 items)

Back 5

1. Time critical cases
2. Where the advice does not differ significantly from advice already given (i.e. SoA)

Front 6

What sort of record is made and filed in clients file?

Back 6

File Notes

Front 7

Before an issue, sale, or recommendation of a financial product, what disclosure document is required? (2 items)

Back 7

1. Product Disclosure Statement
2. Prospectus

Front 8

When a client has approved a Statement of Advice, and has given the authority to proceed with the strategies and recommendations in the SoA, what must the client sign?

Back 8

Authority to Proceed

Front 9

To ensure the accurate and timely implementation of the strategies recommended, and the order in which these recommendation should be implemented, what sort of document should the adviser use?

Back 9

Implementation checklist

Front 10

Agreements. What are 2 more agreements which should be recommended?

Back 10

1. On-going service agreement
2. Review agreement

Front 11

When the information contained in a clients fact find is incomplete or inaccurate, what warning advice should be given?

Back 11

Limited advice warning