Research and Application Assignment Name of the University Author's note

Running head: RESEARCH AND APPLICATION ASSIGNMENT
Research and Application Assignment
Name of the Student
Name of the University
Author’s note

RESEARCH AND APPLICATION ASSIGNMENT1
Table of Contents
Introduction................................................................................................................................1
Discussion..................................................................................................................................1
Question 1..................................................................................................................................1
Four key economic indicators....................................................................................................1
Effect on Client advice...............................................................................................................2
Question 2..................................................................................................................................2
Regulatory bodies.......................................................................................................................2
Regulatory Provisions................................................................................................................3
Question 3..................................................................................................................................3
Part A.........................................................................................................................................3
Part B..........................................................................................................................................4
Question 4..................................................................................................................................4
Advantages and disadvantages...................................................................................................4
Demographic details of clients...................................................................................................5
Ethical Responsibility................................................................................................................5
Question 5..................................................................................................................................6
Question 6..................................................................................................................................6
Question 7..................................................................................................................................6
Conclusion..................................................................................................................................7
References..................................................................................................................................8

RESEARCH AND APPLICATION ASSIGNMENT2
Introduction
The main objective of this report is to discuss and comment on the questions related
to financial planning. Different segments are answered in order to gain an insight of
important elements related to financial planning and client service requirements. The broad
indicators that are taken into account are economic indicators, regulatory indicators, skills
required for the engagement of clients and making proper rapport with them. The other
factors discussed in this report are assessment of managed funds, tests required for financial
advisors in relation to the compliance point of view, and information about licensee.
Discussion
Question 1
Four key economic indicators
With relation to Australian Economics environment, the four key economic indicators
can be Gross Domestic Product (GDP), Balance of Payments, Unemployment rate, and
Inflation rate in the macro level (David and Reder 2014).
Gross domestic product can be termed as the measurement which shows the market
value of all the goods and services manufactured or carried out in an economy within a
specific time period. It excludes the discrepancies that occur due to inflation rates and is a
good indicator of economic growth.
Balance of Payments reflect the value of all economic transactions that take place
between the people of one country that includes individuals, companies and the people of
other countries within a specific time period.
Unemployment can be regarded as a quantitative measure of the people who are
fifteen or above in age but are unable to get proper employment despite of having the