Financial Planning Client File Note for Swanston Banking Group Ltd

This report presents a client file note prepared for a financial planning assignment, focusing on the Swanston Banking Group Ltd. The note outlines the client's financial goals, which include paying off debt, managing mortgages, estate planning, and wealth protection. It details the company's insurance policies, highlighting features like guaranteed future insurability. The report explores strategic alternatives for the company, such as vertical or horizontal growth and stability. It includes a competency statement, emphasizing the high-quality retail banking and customer service offered by Swanston. The document also contains a better position statement, trade-offs, and a re-confirmation of advice, ensuring the client's best interests are maintained. The file note includes contact information for Swanston Banking Group Ltd and references RMIT University, providing a comprehensive overview of the financial planning process and client-advisor interactions.

Client File Note
Swanston Banking Group Ltd
“Innovation, Excellence, Enterprise, Commitment”
Client Goals
The different client goals can be stated as follows.
1) Paying off effective short-term debt
2) Paying of mortgages
3) Proper and effective estate plan
4) Protection of wealth family and budget
Advice
The insurance policies of the company have the features of Guaranteed future insurability (GFI)
for increasing the level of life which giving any evidence of the status of health.
All the policies have the standalone feature and does not reduce the amount insured for any other
cover.
Alternative products and strategies
Different strategic alternatives for the company can be vertical or horizontal growth, stability
through a steady course and maintaining profits, turnaround and liquidation.
Competency Statement
The Swanston Banking Group Ltd. Offers a retail banking and customer service experience
which is of highest quality and is not comparable to its competitors.
I have the appropriate accreditation and am competent in advising on the specified areas as per
my advice
Swanston Banking Group Ltd ABN 12 345 678 90
RMIT University, Building 80, Level 5, 445 Swanston Street, Melbourne, VIC, 3000
Telephone: [phone] Fax: [phone] Email: [e-mail]

Client File Note
Swanston Banking Group Ltd
“Innovation, Excellence, Enterprise, Commitment”
Better Position Statement
The organisation has the mission of building its foundations on honesty and integrity. The core
values to be followed by the organisation would be innovation, excellence and commitment.
Trade-offs
Trade off can be located between increased competition and stability of the financial sector
Re-Confirmation of Advice
I am re-confirming that I have reviewed the advice above including trade-offs and still believe
the advice is in the best interest of the client.
Swanston Banking Group Ltd ABN 12 345 678 90
RMIT University, Building 80, Level 5, 445 Swanston Street, Melbourne, VIC, 3000
Telephone: [phone] Fax: [phone] Email: [e-mail]