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Elements and Performance Criteria

1. Develop appropriate strategies and solutions
   • Determine appropriate strategy to provide for identified needs and outcomes by analysing products and client risk profile, and conducting assessment of client needs
   • Conduct relevant research, analysis and product modelling, and draft appropriate solution, plan, policy or transaction for presentation to client demonstrating understanding of ASIC identified generic and specialist knowledge relevant to products being offered
2. Present appropriate strategies and solutions to client
   • Explain and discuss proposed transaction with client in clear and unambiguous way, demonstrating product knowledge appropriate for service or product offered
   • Ensure that relevant details, terms and conditions of product or service are reinforced to client with impacts and possible risks of solution disclosed in clear and concise manner
   • Provide client with written supporting documentation and guide client through key aspects of documentation
3. Negotiate financial plan, policy or transaction with client
   • Discuss and clarify any concerns or issues client has regarding proposed plan, policy or transaction
   • Seek confirmation to ensure that client understands proposed plan, policy or transaction
4. Coordinate implementation of agreed plan, policy or transaction
   • Gain client’s formal agreement to proposed plan, policy or transaction
   • Clearly explain and confirm that client understands associated fees, cost structures and timeframes for execution and processing
5. Complete and maintain necessary documentation
   • Ensure that proposal and all other statutory and transactional documents are completed and signed off by client
   • Confirm that signed agreement and all copies of appropriate documentation are exchanged
6. Provide ongoing service where requested by client
   • Ensure that type and form of ongoing service, including reporting on performance and review of plan, policy or transaction, is understood by client
   • Clearly explain fees and costs for any ongoing and specifically defined services and ensure client understands these expenses
   • Provide ongoing services as required