FNSFMB502 Report: Broking Options for Clients with Complex Needs

This report, prepared as part of the FNSFMB502 module, addresses the identification and development of broking options for clients with complex needs. It begins with an overview of relevant legislation, including the Financial Services and Market Act 2001, consumer law, and various codes of conduct within the broking industry. The report then outlines key products in the broking sector, such as direct investments, loan products, and insurance. It also examines organizational guidelines and procedures for assessing the impact of risks, including client details, risk identification, and internal complaint processes. Further, it analyzes borrowing risks, product risks, and the importance of client expectations. The report includes a third-party report focusing on a visually impaired client, detailing complex needs, identified risks, and their impact, along with opportunities, constraints, and potential loan structures. The report also explores complex financial issues, prioritizes options based on fees, charges, and risks, and discusses risk management strategies, complaint resolution procedures, and the presentation of loan structures to clients. Finally, it covers research methods, areas for analyzing complex financial issues, and requirements for assessing preliminary options and referral considerations.