Assignment:
Section: Explain the ongoing service options you have available, including the costs for each.
Now that you have recommended and implemented the strategy, you need to confirm with Sandy what you offer in terms of ongoing advice for clients.
Explain to Sandy what the costs are for contributing the money to super, and the fees that will apply in the fund over the next 12 months based on the new account balance. Make sure the client confirms that they understand and accept the fees.
Cover the following:
1. Explain your Gold, Silver and Bronze Ongoing Service Options to Sandy.
(a) Discuss what clients get in each option, including reporting frequency, arrangements for reviews and client--initiated changes
(b) Explain the total cost for each option.
(c) Confirm that the client understands the packages.