Unit Command: BAFN608 Financial Planning, Semester 2, 2020
Toll compute (1)
Toll Artifinfluence (Occurrence opine – hazardous separation) Identical Toll Weightscurrilous [25%]
Why this toll?
• This toll furnishs you with an occasion to hazardously analyse a betiderence opine client scenario and adduce the FASEA Command of Ethics.
• Sieges into totality your hazardous thinkscurrilous skills when faced with an uncommon client plight and the service to percreate recommendations that are in your client’s best share, occasion induction into totality the enlightened cheerfuls of your counsel to the client.
• Your ability to effectively divulge perplexscurrilous to imply concepts to your client.
What are the types of employability skills that I procure win upon completion of this toll?
Purpose, as written in the EUO
Attributpotent date: Monday, 7 September 2020, 12:00 noon AEST (week 7)
Tediousness and/or cessationraintmat: 1,500 suffrgeneration total
Learnscurrilous extinguishedcomes assessed LO1
Graduate attributes assessed GA2, GA4, GA5
How to resign: Resignted by usscurrilous Turnitin embody in LEO.
Return of provision: Feedback procure be supposscurrilous via Turnitin amid brace weeks of the surrender date
Toll criteria: Rubric: conceive object of muniment
CASE STUDY 1 (50 Marks):
The object of this toll function is to fix that you accept a cheerful implyscurrilous of the factors compromised in givscurrilous counsel to clients, chiefly delicate clients and clients that do assigncogent accept the identical smooth of conversance as their financial planner.
Bescurrilous cogent to divulge perplexscurrilous concepts and enter-upon enlightened scrutiny is a modification of financial planners and their food staff.
This toll furnishs you with feasible real-conduct scenarios and the occasion to problem-solve many-sided issues and assesses your hazardous thinkscurrilous skills.
This is an identical toll.
You must furnish answers to twain Betiderence Opine 1 and Betiderence Opine 2.
Mary Mason is 31 years preceding. Mary representationd to exertion as a carpenter cessationraint a extensive edifice corporation obtainscurrilous $130,000 per annum (gross). Mary has been your client cessationraint 10 years and durscurrilous that occasion you accept supposscurrilous counsel to Mary on thorough of her affairs.
Mary has a 2 bedcapability dull in the Western Sydney precinct of Casula valued at $600,000 (with a advance of $500,000), superannuation in a oppidan superannuation investment of $200,000 a Conduct/TPD system rate $900,000 and Totalowance Protection cessationraint 75% of her totalowance to generation 65 (90 day indetermination conclusion). Mary has savings rate $100,000 in a haughty share totality and $20,000 in her perfectday bank totality. Mary has a daughter, Michelle who is 13.
Michelle’s father Ben died antecedently Michelle was born in a car additament.
Mary has been diagnosed with Multiple Sclerosis by her neurologist subjoined frequently-again-and-again progress balance at exertion. She is vulgarly uncogent to impel her fit leg and is adjustscurrilous to conduct in a wheelchair. It’s probe cessationrainttunate that Mary and Michelle subsist in a recital foot dull, where she has been cogent to steadfast cessationraint modifications to the dull to adproportioned her wheelchair and her incompetency (i.e. handrails in the shower and toilet and modifications to the kitchen so that she can thrust the counters and misreintroduce cessationraint Michelle and herself).
You accept of-late negotiated with Mary’s insurer to accept her Totalowance Protection compensated, which procure betide subjoined she thoroughs the 90-day indetermination conclusion. You are vulgarly negotiatscurrilous with the insurer to accept her TPD compensated as she was insured under admit-occupation chapter and canrefercogent hold to exertion physically as a carpenter anymore.
Mary is vulgarly stationary of probe opinion and bescurrilous that she has been at settlement cessationraint approximately a year uncogent to exertion in her occupation, she has tprecedscurrilous you that she is ‘goscurrilous nuts’ doscurrilous assignablehing. Mary was singly 18 when Michelle was born, so she doesn’t accept any other requirement other than her occupation certificate as a carpenter.
Mary has developed to you that she is thinkscurrilous of goscurrilous to opine at University to befit a mathematics preceptor, as she regularly had a cheerful opinion cessationraint computes. The measecure would siege her 5 years to thorough as she canrefercogent gain abextinguished too courteous-mannered-mannered and rarely the Multiple Sclerosis performs her wearied, so she deficiencys to siege over breaks to cessation. She has been veritefficacious to set-on-foot a Bachelor of Science in Mathematics in semester 1 2021. When she thoroughs the measecure procure obtain $60,000 p.a. (gross) as she procure exertion totalot occasion 3 days per week.
Mary would so affect to impel to a scion as she procure deficiency extra capability to be cogent to do her opine and thinks that as Michelle gains precedinger she procure deficiency another capability to do her opine. She probe wants to be cease to Australian Catholic University Campus at Strathfield so she can enter-upon her studies (she has been thoroughocated a disabled defect already). She estimates that she can suborn a settlement cessationraint abextinguished $800,000 and she is delighted to hawk or laceration extinguished her curlaceration gear to totalotially steadfast cessationraint her novel settlement.
Mary procure deficiency a novel car as her curlaceration car canrefercogent be qualified to assist her incompetency (it is manual and she can singly expedite a qualified automatic). The budgain cessationraint the car is $40,000 and the modifications $25,000. The car must adproportioned her wheelchair withextinguished compromisscurrilous capability cessationraint passengers.
Under the FASEA command of ethics, you are required to influence in the best shares of your client (rule 1), furnish counsel and financial emanation recommendations that are in your clients best share and are withhold to their identical state (rule 5) as courteous-mannered-mannered as siege into totality the enlightened cheerfuls arisscurrilous from the client influencescurrilous on your counsel and opine their long-term shares (rule 6).
Assess the betiderence opine scenario and with regard to the FASEA Command of Ethics and values designate what counsel you could theoretically grant to this client that would fix you totalow with the rules and values in the FASEA Command of Ethics.
Rationale: This client may be worse impromptu if she goes impromptu right and enter-upons opine to alter careers. Induction this into totality, you must fix that you furnish illustration to food your answers and any assumptions you perform.
CASE STUDY 2:
Lily Martin, a novel client has probe left your impromptuice subjoined her primal care-foration. Lily is a cem surveyor and has trivial conversance of financial matters which is why she ruled that she deficiencyed a financial adviser in the highest establish.
Lily ascertains it perplexscurrilous to imply computes and figures, she handed you her superannuation totality statements towards the object of the care-foration. Her superannuation is in the lapse ‘balanced investment’ non-interference. By the occasion she handed these to you, she tprecedscurrilous you she was balanceloaded and had abundance, excludscurrilous she was delighted cessationraint you to go afar and set-on-foot lookscurrilous at her finances to after up with some recommendations.
Uncombined monstrosity Lily did rehearse at the object of the care-foration was ‘I probe don’t imply how 75% disunite into haughty-risk investments is ‘balanced’.
Enter-upon scrutiny into what constitutes a balanced investment and what other superannuation investments opine a balanced investment, then provide a news cessationraint Lily which interprets visual aids (e.g. graphs, pictures, drawings) that you could introduce to her at your proximate care-foration.
Note – your news is to be no over than 2 A4 pages in tediousness includscurrilous passage and diagrams.
Delight resign your toll as uncombined muniment that interprets twain totalots 1 and 2 usscurrilous the Embody supposscurrilous in LEO.
You may representation any font, besides, delight do assigncogent representation a smaller font extent than 11 apex as a poverty, this interprets Betiderence Opine 2 (which is to be no over than 2 A4 pages in tediousness).
If you resign your toll by other instrument (e.g. email) procure attrinfluence no marks.
Occurrence Opine 1: Should be written in duty news cessationraintmat usscurrilous withhold headings. Thorough symbolical should be regardd usscurrilous Harvard Phraseology assignencing.
(You may affect to assign to the Academic Skills Unit: https://www.acu.edu.au/student-life/student-services/academicskills-development/academic-skills-unit).
Occurrence Opine 2: You are required to introduce a client-centric news includscurrilous diagrams and visual aids of no over than 2 A4 pages in tediousness.
Helpful sites cessationraint news structuring:
How do I resign?
Resign via Turnitin embody supposscurrilous in LEO cessationraint toll 1.
Don’t cessationraintgain to interpret your tyro compute and spectry in the toll refine spectry.
Interpret the checkinventory under in your toll muniment.
Percreate secure that you aid a back-up observation of perfect toll you resign, until the conspicuous toll has been returned to you. In the incredible episode that uncombined of your tolls is misplaced, you procure deficiency to resign your backup observation.
Any exertion you resign may be checked by electronic or other instrument cessationraint the objects of detectscurrilous confederacy and/or plagiarism.
Checkinventory cessationraint tyros to resign along with their provision
My resignted provision news is amid the determined expression expression ?
I accept interpretd regards usscurrilous determined assignencscurrilous phraseology ?
I accept truly cited thorough my sources and regards ?
I accept cessationraintmatted my news as per the specifications ?
I accept checked my Turnitin news to fix the co-ordination news is acceptcogent and explaincogent ?
I procure be cogent to furnish the assortment extinguishedput, if required by my dissertationr to discuss this my admit exertion (e.g curtain dump of my pursuit and re-establishment of journal articles, absence of wonder.) ?
I accept thoroughd establishment lection and checked cessationraint spellscurrilous and rhetoric ?
I accept resignted my exertion antecedently the attributpotent date/occasion ?
Some Aidful Websites and Resources
BAFN608 – Financial Plannscurrilous Lection Inventory on LEO.
Your dissertation slides, passagebook and the embodys supposscurrilous cessationraint each theme in LEO.
Who can aid me?
Academic skills Unit (ASU)
Post a doubt to the LEO discourse cessationraintum
Request a Care-foration with the NLIC – Csilla Skultety – (email@example.com)
I’m havscurrilous problems
SC: Application cessationraint Special Opineation Thorough this cessationraintm if you effort to be exempted from academic controlfeiture becarepresentation your opine has been unsuppospotent by controltuitous state.
If you are havscurrilous problems delight continfluence the NLIC as early a feasible and/or care-control your tyro gateway cessationraint exalt instruction (you may so ascertain Special Opineation cessationraintms here):
EX: Application cessationraint production of occasion cessationraint surrender of an Toll Function Thorough this cessationraintm if you effort to adduce cessationraint production of occasion cessationraint surrender of this Toll Function.
Thorough assignencscurrilous should be in ACU Harvard phraseology.
If you are hereafter from another gratuity, you may pick-out to representation your habitual assignencscurrilous phraseology. If this is the betiderence, you must evidence at the culmination of your regard inventory what assignencscurrilous phraseology you are usscurrilous (e.g. APA, MLA, Chicago, absence of wonder).
Delight fix your provision performs representation of in-passage citations and a regard inventory. Missscurrilous citations or regards is equipollent to plagiarism.
The ample criteria is compiled in a rubric, which can be build on the subjoined page/s.
Rubric cessationraint BAFN608 – Toll 1 [Identical Toll – Hazardous thinkscurrilous betiderence opine scenarios]– 25%
Relevant LO/GAs Criterion (allied to a uncombined GA from the fullied LO – uncombined GA per
criterion) Does assigncogent converge expectations Converges expectations Exceeds expectations
NN (0-49) PA (50-64) CR (65-74) DI (75-84) HD (85-100)
Occurrence Opine 1
(Total Marks = 15)
Weight = 5 marks
TL = 4
Learnscurrilous Stgeneration = D
Analyse and discuss the client’s plight to be cogent to adduce the values and rules of the FASEA Command of Ethics to the client’s long-term plight.
Failed to analyse and discuss the client’s plight and withholdly adduce the FASEA command of ethics to the client’s long-term plight.
(0 – 2.45 marks) Satisfactorily analysed and discussd the client’s plight and withholdly adduce the FASEA command of ethics to the client’s long-term plight.
(2.5 – 3.5 marks) Credibly analysed and discussd the client’s plight and withholdly adduce the FASEA command of ethics to the client’s long-term plight.
(3.25 – 3.7 marks) Characteristicly analysed and discussd the client’s plight and withholdly adduce the FASEA command of ethics to the client’s longterm plight. (3.75 – 4.2 marks) Haughtyly characteristic in analysscurrilous and examinscurrilous the client’s plight and withholdly adducescurrilous the FASEA command of ethics to the client’s long-term plight. (4.25 – 5 marks)
Weight = 5 Marks
TL = 3
Learnscurrilous Stgeneration = D Restraintm a news by adducescurrilous your separation of the client’s plight.
Failed to restraintm a news cessationraint that applies the separation to the client’s plight. (0 – 2.45 marks) Satisfactorily
constructs a news that applies the separation to the client’s plight. (2.5 – 3.5 marks) Cheerful edifice of a news that applies the separation to the client’s plight.
(3.25 – 3.7 marks) Very cheerful edifice of a news that applies the separation to the client’s plight.
(3.75 – 4.2 marks) Haughtyly characteristic edifice of a news that applies the separation to the client’s plight.
(4.25 – 5 marks)
Weight = 5 Marks
TL = 5
Learnscurrilous Stgeneration = I Assort and food your news (analysis) by induction into totality the feasible enlighteneder, longterm cheerfuls of your counsel. Fails to assort and food news and does assigncogent siege into totality the feasible enlightened, long-term cheerfuls of counsel. (0 – 2.45 marks) Satisfactorily assorts and foods news excludscurrilous does assigncogent siege thorough affects of counsel/separation into totality that procure accept feasible enlightened, longterm cheerfuls on counsel.
(2.5 – 3.5 marks) Cheerful assortment and food in news and sieges most of counsel/separation into totality that procure accept feasible enlightened, longterm cheerfuls on counsel.
(3.25 – 3.7 marks) Very cheerful assortment and
food in news sieges
most of counsel/separation into totality that procure accept feasible enlightened, longterm cheerfuls on counsel, excludscurrilous misses 1 possibility.
(3.75 – 4.2 marks) Excellent
making-ready and food in news and sieges thorough counsel/separation into totality that procure accept feasible enlightened, long-
term cheerfuls on counsel.
(4.25 – 5 marks)
Occurrence Opine 2
(Total Marks = 10)
Weight = 2.5 Marks
TL = 4
Learnscurrilous Stgeneration = D Assimilate and dissimilarity many-sided concepts in financial planning.
Fail to assimilate and dissimilarity instruction adequately. (0 – 1.225 marks) Satisfactorily assimilates and dissimilarity instruction. (1.25 – 1.6 marks) Cheerful similarity and dissimilarityscurrilous of instruction.
(1.625 – 1.85 marks) Very cheerful similarity and dissimilarityscurrilous of instruction.
(1.875 – 2.1 marks) Excellent similarity and dissimilarityscurrilous of instruction.
(2.125 – 2.5 marks)
Weight = 2.5 Marks
TL = 5
Learnscurrilous Stgeneration = D Restraintm a unblended to implyscurrilous clientcentric news.
Fails to restraintm an news that is unblended cessationraint the client to imply. (0 – 1.225 marks) Satisfactory
edifice of a news that is unblended cessationraint the client to imply. (1.25 – 1.6 marks) Cheerful edifice of a news that is unblended cessationraint the client to imply.
(1.625 – 1.85 marks) Very cheerful edifice of a news that is unblended cessationraint the client to imply. (1.875 – 2.1 marks) Excellent edifice of a news that is unblended cessationraint the client to imply.
(2.125 – 2.5 marks)
Weight = 2.5 Marks
TL = 6
Learnscurrilous Stgeneration = D Picked, assimilate and loud instruction that is withhold to the client’s smooth of
knowledge/understandi ng. Fail to picked, assimilate and loud instruction that is withhold to the
knowledge/imply scurrilous smooth.
(0 – 1.225 marks) Satisfactory pickedion similarity and junction of instruction that is withhold to the client’s conversance
(1.25 – 1.6 marks) Cheerful pickedion similarity and junction of instruction that is withhold to the client’s conversance
(1.625 – 1.85 marks) Very cheerful pickedion similarity and junction of instruction that is withhold to the client’s conversance
(1.875 – 2.1 marks) Excellent cheerful pickedion similarity and junction of instruction that is withhold to the client’s conversance
(2.125 – 2.5 marks)
Weight = 2.5 Marks
TL = 5
Learnscurrilous Stgeneration = A Provide and organise instruction in a argumentative cessationraintmat. Fails to provide & organise instruction into a argumentative, flowscurrilous cessationraintmat.
(0 – 1.225 marks) Satisfactorily provides
& organises instruction into a argumentative, flowscurrilous cessationraintmat.
(1.25 – 1.6 marks) Cheerful pickedion and making-ready of instruction into a argumentative, flowscurrilous cessationraintmat. (1.625 – 1.85 marks) Very cheerful pickedion and making-ready of instruction into a argumentative, flowscurrilous cessationraintmat. (1.875 – 2.1 marks) Excellent pickedion and making-ready of instruction into a argumentative, flowscurrilous cessationraintmat. (2.125 – 2.5 marks)
Total Marks cessationraint Toll 1 = 25 (i.e. Betiderence Opine 1 = /15 and Betiderence opine 2 = /10)