Wealth Creation and Estate Planning

 

Assessment name: Assessment Task 2: Case study report

Weight: 40%

Length: Maximum 4000 words

Feedback mode:

Feedback will be provided on the submitted document using Turtitin’s marking tools and general comments. There are variety of tools when marking assignments through Turnitin, so please be aware. This may include marked feedback, short comments and detailed suggestion on how to improve the work in the future.

Assessment Declaration:

I declare that in submitting all work for this assessment I have read, understood and agree to the content and expectations of the Assessment declaration.

Learning Objectives Assessed:

This assignment assesses Learning Objectives CLO2, CLO3, CLO4, CLO5, CLO6 and CLO7.

Graduate Outcomes supported:

This assessment supports the following Graduate Outcomes:

• Apply a broad theoretical and technical knowledge of business practice in diverse contexts
• Apply theoretical and technical knowledge to provide in-depth specialist and professional advice related to financial markets, investments, superannuation, retirement planning, insurance and social planning
• Critically analyse and synthesise information to formulate effective business and financial decisions
• Apply reasoned judgements to solve problems in a variety of business contexts with reference to ethical, regulatory and global perspectives
• Reflect on performance feedback to identify and action strategies for improvement
• Communicate business data and concepts to professionals and non-professionals in diverse contexts

 

Details:

Case Study Assignment (Instructions)

Case study

See the Client Data Form in the Assignment folder.

Your task is to take the role of an adviser and provide Johnathan and Henrietta with a report that addresses the following:

1. Assess their goals and objectives and personal circumstances (3 marks)
2. Recommend a savings and investment plan that best meets their goals and objectives. (5 marks)
3. A detailed assessment of the client’s risk profile (including an interpretation of their answers to the risk profile questions in the Client Data Form) and asset allocation that is suitable for them. (10 marks)
4. Select and recommend a product with explanation (4 marks).  You are going to select one product from Legg Mason and one product from Vanguard as their investment for comparison.
   1. https://www.leggmason.com/en-au/products.html#tab=overview
   2. https://www.vanguardinvestments.com.au/retail/ret/investments/product.html#/productType=retail
5. You are required to analyse two products (10 marks).  You will choose two products in task 4 and here provide a table which compares the costs and features, including the investment objectives and styles. (This table and any narrative should be included as an attachment to the client report.) Make it explicitly clear which of two products you recommend and why.
6. Advise the clients on whether gearing is suitable for them (4 marks). Justify this recommendation and what level of gearing you would recommend. You need to explain to the clients in detail the risks and benefits associated with gearing.
7. Provide the clients with projections (4 marks).  You can use the MoneySmart managed fund calculator and/or the savings and investment calculator to model their outcome. These calculators can be found at http://www.moneysmart.gov.au/tools-and-resources/calculators-and-tools

 

• The word limit for your report is 4000 words – you can include appendices.
• You are not required to provide a Statement of Advice (SOA). However, your report needs to be presented in a professional, clear and concise manner that a retail client would be able to easily read and understand.
• Remember that clients do not always provide all relevant information. You may be required to make some assumptions in your report. This is fine, so long as it is clearly noted in the body of the report or in a footnote.
• Client’s circumstances may be incompatible with their expressed goals. If this is the case an advisor must point this out to the clients and suggest more realistic or achievable goals.

 

 

 

ACCT2285 Feedback Sheet – Major Assignment
	INCOMPLETE/POOR	BASIC/DEVELOPING	COMPETENT	ADVANCED
GENERAL	No/poor attempt to include various analysis tools i.e., has not used at least smart money chart; does not justify the need for clients goals and objectives analysis; unclear argument; poor link between selected product and risk profile.	Some attempt to analyze/present a case for product selection and risk management. However, has not used at least smart money chart; does not justify the need for clients goals and objectives analysis; unclear argument; poor link between selected product and risk profile; argument is unclear; irrelevant information is presented.	Client investment plan is analyzed and presented well. A good case for product selection and risk managementis given (especially in terms of smart money chart; justifying the need for clients goals and objectives analysis). Information provided is relevant to the research question. Some minor flaws (e.g., some aspects are unclear).	Excellent case is given for the client’s investment plan. The overall analysis is excellently linked. A strong case for product selection and risk managementis presented(especially in terms of smart money chart; justifying the need for clients goals and objectives analysis). Information provided is relevant to the product selection and advice given.
GOALS, OBJECTIVES AND RISK PROFILE	Client’s goals and objectives have not been sufficiently discussed.	Client’s goals and objectives have been identified but not well elaborated.	Client’s goals and objectives have been sufficiently discussed and supporting statistics provided.	Client’s goals and objectives have been sufficiently discussed, supporting statistics provided, comparisons drawn, and specific reference to future goals has been made.
RECOMMENDATIONS	No major recommendations identified and discussed.	Major recommendations are provided but not linked to clients risk profile.	Major recommendations are provided and also linked to clients risk profile. These recommendations are not only identified but comparisons have been articulated.	Major recommendations are provided, and well linked to the client’s risk profile.These recommendations are not only identified but comparisons have been articulated well, and all scenarios are supported by well-presented statistics and information.
PRODUCT RECOMMENDATIONS AND SELECTIONS	No or poorly outlined product recommendations and selections (e.g., risk profile, product selection, asset allocation, how they can accelerate growth etc.).	Product recommendations and selections are mentioned but could be more explicitly discussed (e.g., risk profile,product selection, asset allocation, how they can accelerate growth etc.).	Product recommendations and selection are competently discussed (e.g., risk profile, product selection, asset allocation, how they can accelerate growth etc.).	Product recommendations, and selectionsare confidently discussed (e.g., risk profile, product selection, asset allocation, how they can accelerate growth etc.) and, subsequently, the logical arguments as to why these selections are made are clearly signposted.
USE OF MONEY SMART AND/OR OTHER CALCULATORS (Evidence)	Insufficient Money Smart Charts and calculations used.	Minimum calculations and charts used, but the relevance and calculations of some are ambiguous.	Money smart charts and calculations have been used and all are relevant to the analysis. Gaps in the analysis and the links between charts and arguments provided.	Well-presented money smart charts and calculations have been used and all are highly relevant to the analysis. No gaps in the analysis.The links between charts and analytical arguments are well outlined.
WRITING STYLE	Consistent and significant errors detract from the readability of this assignment. Over or under therequired word count.	While the writing style generally gets the content across, clumsiness of expression or errors limit effective communication.	Predominantly error-free, the writing style is clear and fluent. The writing generally does justice to the content.	The writing style is clear, concise and fluent. An advanced academic writing style is evident, which significantly enhances the quality of this assignment.

Grade:	FAIL	PASS	CREDIT	DISTINCTION	HIGH DISTINCTION
Mark:	0-18	19-24	25-25	29-33	34-40

Comments:

 

ACCT2285 – KEY TASKS OF THE ASSIGNMENT

 

Task 1 (3 marks)

Assessment of client goals and objectives and personal circumstances

 

Task 2 (5 marks)

Provide appropriate recommendations to meet goals and objectives

 

Task 3 (10 marks)

Risk profile assessed appropriately and asset allocation matched to risk profile

 

Task 4 (4 marks)

Select and recommend product with explanation

 

Task 5 (10 marks)

Analysis of investments funds and available investment products

 

Task 6 (4 marks)

Explanation of gearing and appropriateness to clients

 

Task 7 (4 marks)

Preparation and use of MoneySmart or other calculators to support recommendations

 

Total Marks (40 marks)