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?
Confirm plan objectives and scope
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Check plan strategy and key parameters with qualified financial planner and client Completed |
Evidence:
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Establish research topics and review and compare research results to client requirements and expectations, as set out in strategy and key parameters Completed |
Evidence:
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Analyse current client situation to determine opportunities and constraints within strategy boundaries Completed |
Evidence:
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Develop plan objectives for asset growth, income, risk, taxation and any other objectives set out in plan strategy Completed |
Evidence:
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Test strategic assumptions
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Test client related key assumptions against draft strategy Completed |
Evidence:
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Test and review economic key assumptions in strategy as required Completed |
Evidence:
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Test legislative and regulatory assumptions, including taxation assumptions, against strategy Completed |
Evidence:
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Obtain clarification from strategy author on any identified discrepancies Completed |
Evidence:
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Develop financial plan to set strategy
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Analyse and model strategic options set by financial planner Completed |
Evidence:
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Identify and discuss inconsistencies in strategic options with strategy author Completed |
Evidence:
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Develop financial plan according to established organisational guidelines Completed |
Evidence:
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Review and settle draft strategy and options
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Select strategic options for review and mode of presentation according to organisational guidelines Completed |
Evidence:
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Review each strategic option with strategy author, including positives, negatives and risks for each option Completed |
Evidence:
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Establish broad agreement on strategies with strategy author Completed |
Evidence:
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Develop preliminary financial plan
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Select specific products and options that meet given strategy and key parameters Completed |
Evidence:
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Incorporate cash flow and liquidity, and set capital preservation and/or estate planning requirements consistent with given strategy and key parameters Completed |
Evidence:
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Develop recommendations for financial asset allocation structure according to organisational guidelines Completed |
Evidence:
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Develop recommendations for changes to income and taxation arrangements, including referral advice to accountants and/or lawyers as appropriate Completed |
Evidence:
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Develop recommendations on risk management strategies and products, and incorporate according to organisational guidelines Completed |
Evidence:
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Check all recommendations to ensure consistency with given strategy and key parameters, and that they meet specific objectives with high dependability of outcome Completed |
Evidence:
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Incorporate description of anticipated fees and charges, and information on internal and external complaints resolution procedures into the plan, where appropriate Completed |
Evidence:
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Document preliminary financial plan according to organisational guidelines and procedures Completed |
Evidence:
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