Questions:
1. Discuss the relevance and importance of the following as they apply to a financial adviser:
(i) licensing
(ii) disclosure, and
(iii) compliance.
2. What is the purpose of a code of ethics?
3. What documents should a financial planner have ready for a client at the final presentation stage of the financial plan?
4. Part of a financial planner's role is educational. Explain why this role has become more important in recent years.
5. A client's goals are likely to change over the years. How can the client and financial planners ensure the goals are achieved?
6. Describe five compliance issues to which a financial planner must adhere when preparing a financial plan for a client.
7. Discuss the purpose of a financial plan.
Prescribed text(s) and readings:
McKeown, W., Kerry, M., & Olynyk, M. (2014). Financial planning (2nd ed.). Milton: John Wiley & Sons (referred to as MKO).
Recommended text(s) and readings:
Banister, P. M. et al. (2015). Australian financial planning handbook 2015/16 or later. Pyrmont: Thomson.
CCH. (2015). Australian master financial planning guide 2015/16 (18th ed.) or later. North Ryde: CCH Australia Ltd.
Taylor, S., & Juchau, R. (2015). Financial planning in Australia (6th ed.) or later. Chatswood: LexisNexis Butterworths.
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