Unit of competency Outline

Date retreived
22/07/2026 6:17 AM AWST

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Develop financial investment options and strategies for clients

Develop financial investment options and strategies for clients

Unit of competency
National Code
FNSIAD512
State Code
OEC81
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
15/06/2022
View on TGA
State Implementation and Classification
Approved Date
07/12/2022
Field of Education
080501 - Sales
Original Release Date
07/12/2022
Nominal Hours
65
Description
This unit describes the skills and knowledge required to provide financial information and wholesale advice to clients with regard to a variety of financial investment options and strategies.The unit applies to individuals working in organisations and job roles in the provision of wholesale financial advice to clients.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Analyse client expectations, requirements and investment strategies
  • 1.1 Determine client expectations and needs according to client requirements, organisational policy and guidelines, and relevant legislation or industry codes of practice
  • 1.2 Research and determine appropriate strategies that meet client needs and requirements
  • 1.3 Seek and obtain specialist advice, as required
  • 1.4 Complete cost-benefit analysis of the various strategies and document as required
2. Develop response consistent with client investment strategies and agreed terms of business
  • 2.1 Identify range of investment options and investment strategies relevant to client requirements
  • 2.2 Explain features of options and potential impacts to client
  • 2.3 Make relevant disclosures to client as required by legislation, regulations, industry codes of practice, and organisational policies and guidelines
  • 2.4 Confirm client understanding of selected options, potential impacts and disclosures
  • 2.5 Explain requirements to put suggested options into effect and obtain agreement to proceed from client
  • 2.6 Prepare documentation that incorporates suggested options, agreed investment strategies and confirmation of agreement
  • 2.7 Update and file client records according to organisational policies and procedures
3. Provide financial advice and review of portfolio as requested and within agreed terms of business
  • 3.1 Establish and implement process for maintaining rapport with clients
  • 3.2 Seek client satisfaction and feedback regarding service performance, portfolio performance and recommended investment strategies
  • 3.3 Advise on additional products and services that meet client needs and requirements
  • 3.4 Inform existing clients of additional or ongoing services and potential investment opportunities
  • 3.5 Seek client satisfaction feedback regarding service performance, portfolio performance and recommended investment strategies
No information
No information
Replaces
State Code National Code Title Type
AUR29 FNSIAD502 Provide appropriate and timely information and advice to clients Unit of competency