Identify and Develop Broking Options for Clients with Complex Needs

FNSFMB502 IDENTIFY AND DEVELOP
BROKING OPTIONS FOR CLIENTS
WITH COMPLEX NEEDS

Table of Contents
Written activity................................................................................................................................4
Third Party Report...........................................................................................................................8
List of the complex needs and features of their situation............................................................8
Risks identified............................................................................................................................8
Impact of the above risks.............................................................................................................8
Opportunities and constraints......................................................................................................9
Loan structures or options...........................................................................................................9
Complex financial issues.............................................................................................................9
Prioritised the options................................................................................................................10
Inappropriate options.................................................................................................................10
Preliminary options....................................................................................................................10
Options for client review that are appropriate to their needs.....................................................11
List of referrals..........................................................................................................................11
Risk management strategies......................................................................................................11
Complaints resolution procedures.............................................................................................11
Loan structures for presentation to the client............................................................................12
Features related to the client situation and needs......................................................................12
Risk issues relevant....................................................................................................................12
Organisational guidelines and procedures followed for assessing the impact of risks..............12
Research Task and Written/Oral Questions...................................................................................13
Research methods......................................................................................................................15
Areas that need to analyse complex financial issues.................................................................15
Information to include and compare in your model to analyse and prioritise the available
options........................................................................................................................................15

What will you need to do with the available options once you have the outcomes of your
modelling...................................................................................................................................15
Requirements to check to ensure the preliminary options comply with....................................15
Assessing the ability of the preliminary options to successfully meet client needs..................16
Explanatory material..................................................................................................................16
Considering referral...................................................................................................................16
Examples of risk management strategy.....................................................................................16
Importance of brief description of the anticipated fees and charges.........................................17
Types of information to include on complaints resolution........................................................17
What information should you include in your documented broking information and loan
structures, to be presented to clients..........................................................................................17
REFERENCES..............................................................................................................................18

Written activity
1).
According to analyses, it has been identified the financial service and market act 2001,
applicable in the broking industry. This type of legislation or regulation that specifies the vast
majority of financial services. It means that regulated the broking trade enterprise in
marketplace. Moreover, it is also affecting on broking industry to provide the better securities
options for client.
Consumer Law- In order to provide the fair trade and protection of client. This is mainly applied
on the national level and also control or manage high competition.
Client Credit Code – It can build a division on the basis of securities and investment which help
to control national consumer protection act 2009.
Code of conduct in broking industry- there are different kind of code of conducts which is
mainly affecting the broking industry such as
Code of banking practice- it is a set of promises in order to outline all information about banks
itself and deal with client. Banks can select to best sign up on the basis of code practices.
Insurance based broker code of conduct- this type of conduct is becoming appropriate on the
legal matters related to client relationship. A code of conduct uses by Insurance broker agent, it
has been described the view to ensure that agent act fairly in process of insurance solicitation
(Parsons, Houge Mackenzieand Filep, 2019).
Baking code of conduct- The baking code of practices are fulfilling all essential need or
requirement for client. Bank agent can promise with client in regards of documentation of trade
enterprise. In order to record all financial information or data.
These are consider the important code of conducts which may directly affecting the broking
industry to handle responsibilities of trustee and beneficiaries. It helps in order to create a strong
relationship with client.
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