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 client’s needs and financial situation
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Establish knowledge level, objectives and goals of client Completed |
Evidence:
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Explain range of products and services available to client according to client objectives and goals, and respond to enquiries where required Completed |
Evidence:
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Inform client about role of adviser and licensee or principal responsible for adviser’s conduct Completed |
Evidence:
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Analyse client’s financial and business details and assess client’s financial needs Completed |
Evidence:
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Establish product risk profile of client, including their expectations of cash flow and relevant taxation obligations Completed |
Evidence:
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Develop strategies and solutions according to client’s objectives, needs, financial situation and risk profile
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Assess client needs using information gathered, taking into consideration client’s product expectations and specific needs Completed |
Evidence:
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Consult and clarify with client throughout analysis where required Completed |
Evidence:
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Analyse need for specialist advice and ensure client is referred to appropriate adviser for higher level or specialist advice, where required Completed |
Evidence:
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Assess and confirm product risk profile of client Completed |
Evidence:
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Determine appropriate strategy to provide for identified needs and outcomes based on analysis of products, client risk profile and assessment of client needs Completed |
Evidence:
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Conduct relevant research, analysis and product modelling, and draft appropriate solution, plan, policy or transaction for presentation to client Completed |
Evidence:
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Present strategies and solutions to client and determine financial plan, policy or transaction
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Explain proposed strategy and/or solution to client according to organisational policies and procedures, legislative and regulatory requirements Completed |
Evidence:
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Reinforce all relevant details, terms and conditions of product and service Completed |
Evidence:
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Disclose impacts and possible risks of product or service Completed |
Evidence:
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Provide supporting written documentation according to legislative requirements and organisational policies and procedures Completed |
Evidence:
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Discuss and clarify any concerns or issues client has regarding proposed plan, policy or transaction Completed |
Evidence:
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Confirm that client understands proposed plan, policy or transaction Completed |
Evidence:
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Agree to plan, policy or transaction and complete documentation
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Obtain client’s formal agreement to proposed plan, policy or transaction Completed |
Evidence:
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Explain and confirm client understands all associated fees, cost structures and timeframes for execution and processing Completed |
Evidence:
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Confirm that proposal and all other statutory and transactional documents are completed and signed off by client Completed |
Evidence:
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Exchange copies of signed agreement and other required documentation 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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