Elements and Performance Criteria
- Establish actions, timings and priorities needed to implement complex and/or innovative financial plan
- Special features of client situation are reviewed for implementation implications including high asset, income or expenditure requirements, complex taxation and or legal issues, or complex estate planning issues
- Implementation actions are established which are consistent with client needs and specifications are prioritised and timings for each implementation established
- Implementation actions required by the client are clearly explained and written agreement to actions is obtained
- Implementation actions including timing and priority are to maximum advantage for client and implementation diaries and other appropriate records are established
- Establish procedures for implementation of financial plan
- Personnel to implement each action in the financial plan are identified and briefed
- Internal and external documentation requirements are identified and followed
- Implementation actions that depend on or involve actions by other professional such as accountants and lawyers are coordinated with these professionals
- Audit trails and monitoring procedures are established for critical implementation timings and priorities
- Undertake and/or supervise implementation of financial plan actions
- Representative ensures client is briefed on actions they must undertake and assistance is provided where needed
- Representative ensures instructions are issued to internal and external personnel as per plan requirements
- Consultation and monitoring is maintained with other professionals where joint implementation action is required
- Checks and follow-ups are made on lodgement of documentation to ensure plan timings are met
- Representative ensures fees and charges are obtained and processed according to organisation and legislative requirements
- Client is debriefed and any concerns are addressed