Role of Intermediary in Australian Financial Services Market

Develop and maintain in depth
knowledge of products and
services
F NS 4 0 81 5 C e r ti fi c ate IV in F in a n ce a n d Mo r tg a g e
B r o k in g
F N S I N C40 2 De v e l op and m aintain i n - dep t h k no w l e dg e of pr oducts
an d
services used by an organisation or sector
Assessment 3

Ac tiv it y
1
V 1.0 REAA Re l ea s ed J a n u ar y 20 19
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Explain the role of an intermediary in the Australian financial services market. Provide
illustrative examples.
Act i v i ty 1 Answ e r
There are various roles of intermediary in the financial market as the person or the firm like
broker or consultant act as the mediator for the financial deal, negotiation etc. The other roles of
intermediaries in the Australian financial services market is to lower up the interest rate with the
subsequent working with the financial market, continuous expansion in the economy with the strong
business environment. For example in bank many intermediaries are set for between the depositors
and borrowers for seeking the capital from dept. These intermediaries are specialize in these areas
and serve their best services in market.

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V 1.0 REAA Re l ea s ed J a n u ar y 20 19
Page 3 of 9
A ct iv it y 2
Explain some of the differences between private banking and wealth management.
A ctiv i ty 2 An sw e r
Private banking Wealth management
It is a simple banking system having more
money that provides financial management
services to the HNWIs (Indonesia, 2017).
Wealth management involves the
areas to deal with the portfolio’s of
client, taking action, risk and
invested in the financial assets
according to their goals.
This is reserved for the clients with the
considerable amount of the cash and also
other assets to be deposit and invested in the
accounts.
This is a primary source for the
clients that are looking for the
investment in different stocks and
funds.