Broking Options for Clients with Complex Needs

PRESENT BROKING OPTIONS TO CLIENT
WITH COMPLEX NEEDS
1

Contents
Written activity................................................................................................................................3
Third Party Report...........................................................................................................................5
REFERENCES..............................................................................................................................10
2

Written activity
1)
 Borrowing risk and gearing – this type of risk is basically indicator as financial threat
associated with organisation. If in case, organisation has too much debt, it can fall into
financial distress. A high gearing ratio show a high proportion in debt of equity. It will be
lower the gearing which is completely opposite.
 Specific product risk – this type of risk is related to the overall budget, missing key
milestone or deadline. In context of product management, it would be identified the lack
of issues in resource availability (Zabolotna and Pavliuk, 2019). Therefore, it can be
identified a lack of functionality within specific product.
 Institutional risk – the risk is related to the regulation in which does not meet expectation
level of individual people (Zabolotna and Pavliuk, 2019). It will unable to meet the policy
objectives within society or community.
 Risk factors and return expectations of the client- there are different kind or risk factors
identified such as financial loss of client, a lack of investment time frame, irregular
activities, mis-management of budget level. These kind of factors return a poor
expectation level in front of client.
 Volatility of income and capital- income volatility is one of the major risk or threat which
may directly affecting house-holds at income level. It would be reached across
demographics group. It means that identify sudden loss of income for poor people.
3

2)
 Commercial loans- Commercial Loans cover all revolving lines of credit, in context of
short-term debt, long-debt etc. The feature of commercial loan in which provide the
facilities of client when they wanted to invest in current
 Chattel leases- According to the need of client, Chattel leases refers a contract by virtue,
there is involvement of personal property and also registered as security for performance
of an obligation.
 Native title rights- it provide the right for individual to recognise a set of interests among
people. It has been practiced and continue to practice, applied a legal rights and custom
prior to sovereignty.
 Heritage issues- the client need is to improve its intellectual disability towards the
conflict, and uncontrollable situation or condition. It may increase a major problem to
protection.
 Contaminated sites or properties near noxious industries- in order to determine the
contaminated sites in the residential properties, which can lead excessive use of
pesticides. In case, if any kind of contaminate land has become essential for
environmental so that it would be converted into different session.
3)
Answer: -
 Accounting and book keeping such as paper documentation
 Financial Market research by using software based tool such as CMS.
 Insurance and superannuation
 Banking and general financial by using internet application for purpose of loan
4

On the basis of discussion, it has been identified that different kind of key products which is
mainly used by broking industry. In order to perform different tasks effectively and
efficiently
4)
Answer:- different legislation which is mainly applicable in broking industry such as Trade
practices act, corporation law and ASIC regulation or guideline
Code of practices:- mortgage brokers code of practice, banking code of practice, etc.
On the basis of analysis, it has been identified that different legislative requirement and
regulation, code of practices are directly affecting on the broking industry. This is because
when it can develop a restrict policies where companies are doing their work within
specific circumstances (Zabolotna and Pavliuk, 2019). On the other hand, broker code of
practice is applied in the industry and afterwards, it will change the policies or procedures
for purpose of business operational management.
Third Party Report
1)
Answer:
As the client is having a special need of hearing disability so it is very essential that
the disclosure to capacity will be made accordingly. Adequate use of written disclosure will
be used which will be made and prepared as per the guidelines of the organization. Since
the client is not able to hear so a disclosure regarding each and every condition including
the name and address of the adviser, its relationship with the organization’s products and
various other necessary information as complied by guidelines will be made disclosed and
presented in written mode so that the client will be informed as well as its disability will
not be affected and harmed. Thus, in short disclosure made in writing regarding the
5

important information and the consideration will made and raise knowledge among the
client.
2)
Answer:
As a special requirement of client regarding hearing disability in order to develop
rapport it is essential that the creation of financial understanding will be raise with the use
of the visuals and presentation. A use of visual by containing the explanation regarding the
financial tools and products including the positive and negative aspects will lead to have a
creation of better financial understanding. This will also be beneficial for meeting the
requirement of client because as visuals and presentation will be made visible to them so
any query or additional information required by client will be made presented on the spot
and in easy manner. Apart from that physical demonstration can also be used in order to
meet client requirement by presenting the market information and financial data.
3)
Answer:
In case of dealing with the client possessing special need including hearing
disability, it is very essential that the communication will be made as per the client need
and understanding. Since communication will lead to have creation of understanding and
knowledge and if it is not efficient and effective then it will lead to have loosing of deal.
Using of gestures, body language, visuals, facial expression, body actions and many other
techniques will be adopted in order to make the communication effective and as per the
client requirement (Miller and Poston, 2020). It can also be right to said that making of
communication in the language and mode of client requirement will lead to have better
understanding and the raising of knowledge among the client. This will also raise the
chances of cracking the deal too.
6