Provide a holistic assessment of the family’s background

Provide a holistic assessment of the family’s background

Strategic Advice

• Provide a holistic assessment of the family’s background, including personal and financial information.
• Clarify, assess and prioritize clients’ goals given their resource and constraints.

o This step may require formal modelling and Excel spreadsheet output can be included in the Appendix to support your calculation. Only a limited number of tables should be included in the main advice and the tables should be easy to read with sufficient explanation.

• Provide recommendations within the scope of the advice to help the family reach their goals and objectives.
• Justify and explain the recommendations in consideration of the ‘best interest duty’ under Chapter 7 of the Corporations Act.
• State and substantiate (where appropriate) additional assumptions.
• Discuss the risks of your recommendations and alternative options.

• Thorough research of the products recommended. Please see attached document for detailed requirements