Financial Planning Research Assessment Task FNSFPL502, FNSFPL508

This assessment focuses on conducting complex financial planning research, specifically addressing the needs of clients Dennis and Donna Barker. The task requires the student to evaluate the clients' current financial situation, including income, expenses, assets, and liabilities, to identify key issues and objectives. The assessment involves analyzing the integrity of client-provided information, calculating financial metrics such as investment income and surplus income, and identifying research requirements and parameters. The student must develop strategic options for various financial needs, including cash flow management, tax minimization, wealth creation, investment planning, debt reduction, wealth protection, and estate planning. The assessment also involves identifying research questions, sourcing relevant information, and prioritizing research tasks. Finally, the student must propose strategic options to the clients for approval before conducting detailed research, showcasing the ability to analyze, synthesize, and present financial planning solutions.