Need to come out with SPA, and also need to come out with some spreadsheets, like the income and Balance sheet before the advice is given. and also the spreadsheet that shows the result after the advice is given.
1. Income statement.
2. B/S
3. Risk profiling/ combine risk profiles and look at their goals and objectives.
4. The advice that should be given to customer.
a. An assessment of the progress in achieving retirement goals.
– Required income and assets during retirement.
– Projected wealth at retirement.
b. Superannuation allocation.
c. Assessment and recommendations regarding superannuation assets.
– Comparison of fees.
– Investment portfolio recommendations.
. A discussion of existing and required Insurance needs.
e. General advice regarding estate-planning arrangements.