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Evidence Guide: FNSFMK502 - Analyse financial market products for client

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

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

 

FNSFMK502 - Analyse financial market products for client

What evidence can you provide to prove your understanding of each of the following citeria?

Conduct analysis of financial market products

  1. Analyse information provided on client‘s investment objectives
  2. Identify a range of appropriate financial markets products that meet client’s objectives and investment strategy
  3. Source and assess information relevant to the range of available financial products for currency and accuracy
  4. Seek specialist advice if required for complex investment strategies
  5. Apply appropriate analytical techniques and processes to identify facts, issues and patterns, interrelationships and trends
  6. Accurately analyse trends to provide meaningful information on performance of financial products and markets
  7. Conduct risk assessment of possible financial strategies and products identified through research and analysis processes
Analyse information provided on client‘s investment objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify a range of appropriate financial markets products that meet client’s objectives and investment strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Source and assess information relevant to the range of available financial products for currency and accuracy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek specialist advice if required for complex investment strategies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply appropriate analytical techniques and processes to identify facts, issues and patterns, interrelationships and trends

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Accurately analyse trends to provide meaningful information on performance of financial products and markets

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct risk assessment of possible financial strategies and products identified through research and analysis processes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide information to inform decision making

  1. Collate and review analyses to ensure accuracy and thoroughness, and present in an appropriate format, style and structure
  2. Outline how financial market products meet client investment objectives and planned investment strategy
  3. Ensure suggested products meet relevant legislative, industry and organisational requirements
Collate and review analyses to ensure accuracy and thoroughness, and present in an appropriate format, style and structure

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Outline how financial market products meet client investment objectives and planned investment strategy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure suggested products meet relevant legislative, industry and organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Conduct analysis of financial market products

1.1 Analyse information provided on client‘s investment objectives

1.2 Identify a range of appropriate financial markets products that meet client’s objectives and investment strategy

1.3 Source and assess information relevant to the range of available financial products for currency and accuracy

1.4 Seek specialist advice if required for complex investment strategies

1.5 Apply appropriate analytical techniques and processes to identify facts, issues and patterns, interrelationships and trends

1.6 Accurately analyse trends to provide meaningful information on performance of financial products and markets

1.7 Conduct risk assessment of possible financial strategies and products identified through research and analysis processes

2. Provide information to inform decision making

2.1 Collate and review analyses to ensure accuracy and thoroughness, and present in an appropriate format, style and structure

2.2 Outline how financial market products meet client investment objectives and planned investment strategy

2.3 Ensure suggested products meet relevant legislative, industry and organisational requirements

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Conduct analysis of financial market products

1.1 Analyse information provided on client‘s investment objectives

1.2 Identify a range of appropriate financial markets products that meet client’s objectives and investment strategy

1.3 Source and assess information relevant to the range of available financial products for currency and accuracy

1.4 Seek specialist advice if required for complex investment strategies

1.5 Apply appropriate analytical techniques and processes to identify facts, issues and patterns, interrelationships and trends

1.6 Accurately analyse trends to provide meaningful information on performance of financial products and markets

1.7 Conduct risk assessment of possible financial strategies and products identified through research and analysis processes

2. Provide information to inform decision making

2.1 Collate and review analyses to ensure accuracy and thoroughness, and present in an appropriate format, style and structure

2.2 Outline how financial market products meet client investment objectives and planned investment strategy

2.3 Ensure suggested products meet relevant legislative, industry and organisational requirements

Evidence of the ability to:

use appropriate techniques to identify financial products to meet client’s financial objectives and investment strategy

conduct analysis of a range of financial market products to provide effective information to use in investment decisions

interpret and comply with legislative and organisational requirements

test the integrity of financial information and assess the impact of trends on strategy and product performance

provide correct and up-to-date information on features and benefits of financial products and/or services.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

evaluate strategies for analysing client needs and gathering feedback

outline key information requirements needed from clients

explain the concept of a financial product, including general definitions and specific inclusions and exclusions

identify and outline a range of financial products and information sources

distinguish between the products and differentiate between their benefits and drawbacks

describe a range of techniques for evaluating information about financial market products

describe the key features of organisational policies and procedures relating to the analysis of financial market products for clients

describe the key features of relevant legal principles and compliance requirements

outline the main risks and implications associated with financial products and services

outline the key taxation issues in relation to the products and markets in which they operate

describe a range of financial market products and services.