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Evidence Guide: FNSIAD512 - Develop financial investment options and strategies for clients

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

 

FNSIAD512 - Develop financial investment options and strategies for clients

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

Analyse client expectations, requirements and investment strategies

  1. Determine client expectations and needs according to client requirements, organisational policy and guidelines, and relevant legislation or industry codes of practice
  2. Research and determine appropriate strategies that meet client needs and requirements
  3. Seek and obtain specialist advice, as required
  4. Complete cost-benefit analysis of the various strategies and document as required
Determine client expectations and needs according to client requirements, organisational policy and guidelines, and relevant legislation or industry codes of practice

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Research and determine appropriate strategies that meet client needs and requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek and obtain specialist advice, as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete cost-benefit analysis of the various strategies and document as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop response consistent with client investment strategies and agreed terms of business

  1. Identify range of investment options and investment strategies relevant to client requirements
  2. Explain features of options and potential impacts to client
  3. Make relevant disclosures to client as required by legislation, regulations, industry codes of practice, and organisational policies and guidelines
  4. Confirm client understanding of selected options, potential impacts and disclosures
  5. Explain requirements to put suggested options into effect and obtain agreement to proceed from client
  6. Prepare documentation that incorporates suggested options, agreed investment strategies and confirmation of agreement
  7. Update and file client records according to organisational policies and procedures
Identify range of investment options and investment strategies relevant to client requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Explain features of options and potential impacts to client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make relevant disclosures to client as required by legislation, regulations, industry codes of practice, and organisational policies and guidelines

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm client understanding of selected options, potential impacts and disclosures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Explain requirements to put suggested options into effect and obtain agreement to proceed from client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare documentation that incorporates suggested options, agreed investment strategies and confirmation of agreement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Update and file client records according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide financial advice and review of portfolio as requested and within agreed terms of business

  1. Establish and implement process for maintaining rapport with clients
  2. Seek client satisfaction and feedback regarding service performance, portfolio performance and recommended investment strategies
  3. Advise on additional products and services that meet client needs and requirements
  4. Inform existing clients of additional or ongoing services and potential investment opportunities
  5. Seek client satisfaction feedback regarding service performance, portfolio performance and recommended investment strategies
Establish and implement process for maintaining rapport with clients

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek client satisfaction and feedback regarding service performance, portfolio performance and recommended investment strategies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Advise on additional products and services that meet client needs and requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Inform existing clients of additional or ongoing services and potential investment opportunities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek client satisfaction feedback regarding service performance, portfolio performance and recommended investment strategies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge