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 objectives, needs and financial situation
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Establish client’s knowledge about financial products and services Completed |
Evidence:
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Respond to enquiries about superannuation products and services by explaining range of products and services available and their relevant fee and charging methodology Completed |
Evidence:
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1.3 Inform client about role of adviser and licensee or principal responsible for adviser's conduct, including procedures for complaints handling and circumstances in which they should be engaged Completed |
Evidence:
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Ask about client’s objectives and goals and obtain personal, financial and business details to identify client needs Completed |
Evidence:
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Establish product risk profile of client, including expectations of cash flow and relevant taxation obligations Completed |
Evidence:
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Analyse client’s objectives, needs, financial situation and risk profile to develop appropriate strategies and solutions
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Undertake assessment of client needs using all information gathered, taking into account client’s product expectations and specific needs Completed |
Evidence:
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Consult client throughout analysis for further clarification where necessary 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 if required Completed |
Evidence:
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Assess and confirm product risk profile of client, demonstrating ASIC identified generic and specialist knowledge relevant to products being offered 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’s 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 appropriate strategies and solutions to client and negotiate financial plan, policy or transaction
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Apply appropriate knowledge for service or product offered when presenting product Completed |
Evidence:
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Clearly and unambiguously explain proposed transaction to client Completed |
Evidence:
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Reinforce all relevant details, terms and conditions of product and/or service Completed |
Evidence:
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Disclose impacts and possible risks of solution in clear and concise manner Completed |
Evidence:
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Provide supporting written documentation and guide client through key aspects of documentation 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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Clearly explain and confirm client understands all associated fees, cost structures and timeframes for execution and processing Completed |
Evidence:
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Ensure 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 appropriate documentation Completed |
Evidence:
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Provide ongoing service where requested by client
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Ensure that type and form of ongoing service, including reporting on performance and review of plan, policy or transaction, is agreed with client Completed |
Evidence:
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Clearly explain all fees and costs for ongoing and specifically defined services, and check that client understands these details Completed |
Evidence:
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Provide ongoing service as required Completed |
Evidence:
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Establish relationship with client and identify client’s objectives, needs and financial situation
|
|
Establish client’s knowledge about financial products and services Completed |
Evidence:
|
Respond to enquiries about superannuation products and services by explaining range of products and services available and their relevant fee and charging methodology Completed |
Evidence:
|
Inform client about role of adviser and licensee or principal responsible for adviser's conduct, including procedures for complaints handling and circumstances in which they should be engaged Completed |
Evidence:
|
Ask about client’s objectives and goals and obtain personal, financial and business details to identify client needs Completed |
Evidence:
|
Establish product risk profile of client, including expectations of cash flow and relevant taxation obligations Completed |
Evidence:
|
Analyse client’s objectives, needs, financial situation and risk profile to develop appropriate strategies and solutions
|
|
Undertake assessment of client needs using all information gathered, taking into account client’s product expectations and specific needs Completed |
Evidence:
|
Consult client throughout analysis for further clarification where necessary Completed |
Evidence:
|
Analyse need for specialist advice and ensure client is referred to appropriate adviser for higher level or specialist advice if required Completed |
Evidence:
|
Assess and confirm product risk profile of client, demonstrating ASIC identified generic and specialist knowledge relevant to products being offered 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’s 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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