The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Establish relationship with client and identify objectives, financial situation
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Establish client’s knowledge level, objectives, financial and business details Completed |
Evidence:
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Identify client’s expectations of cash flow and relevant taxation obligations Completed |
Evidence:
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Explain range of products and services available according to client objectives and financial situation Completed |
Evidence:
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Outline fees associated with applicable products and services and explain charging methodology Completed |
Evidence:
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Inform client of role of adviser and licensee or principal responsible for adviser’s conduct Completed |
Evidence:
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Inform client of complaints-handling procedures Completed |
Evidence:
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Analyse client’s objectives, needs, financial situation and risk profile
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Assess client needs using information gathered and taking into account client’s product or service expectations and specific needs Completed |
Evidence:
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Consult client throughout analysis and seek further clarification where necessary Completed |
Evidence:
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Analyse need for specialist advice and refer client to appropriate adviser for higher level or specialist advice as required Completed |
Evidence:
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Assess and agree on product risk profile of client Completed |
Evidence:
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Apply ASIC generic and specialist knowledge applicable to products or services being offered Completed |
Evidence:
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Develop and present strategies and solutions appropriate to client
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Determine appropriate strategy to provide for identified needs and outcomes Completed |
Evidence:
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Complete required research, analysis and product modelling according to organisational policies and procedures Completed |
Evidence:
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Draft product or service solution for presentation to client that meets client needs and outcomes according to organisational policies and procedures Completed |
Evidence:
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Explain and discuss proposed products or services with client according to organisational policies and procedures, legislative and regulatory requirements Completed |
Evidence:
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Explain required details, terms and conditions of products or services to client and confirm client understanding Completed |
Evidence:
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Disclose impacts and possible risks of products or services to client and confirm client understanding Completed |
Evidence:
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Provide client with written supporting documentation following organisational procedures, and guide client through key aspects of documentation Completed |
Evidence:
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Discuss and clarify any concerns and issues client has regarding proposed products or services Completed |
Evidence:
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Seek client’s preferred products or services and confirm client’s preference Completed |
Evidence:
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Coordinate implementation of agreed products or services
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Seek formal agreement from client for proposed plan, policy or transaction Completed |
Evidence:
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Explain associated fee and cost structures, and confirm client understands all details Completed |
Evidence:
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Explain timeframes for execution and processing to client and confirm client understanding Completed |
Evidence:
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Confirm that proposal and other documents are completed and signed off by client as required Completed |
Evidence:
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Confirm that signed agreement and copies of appropriate documentation are exchanged Completed |
Evidence:
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Provide arrangements for ongoing service, where requested by client
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Confirm that type and form of ongoing service, including review of products or services, is agreed with client Completed |
Evidence:
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Explain and confirm fees and costs for ongoing and specifically defined service, and confirm client understands all details Completed |
Evidence:
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Implement procedures for agreed ongoing service according to organisational policies and procedures Completed |
Evidence:
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