New Client

Curriculum

5 Sections
17 Lessons
10 Weeks

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Discovery
The initial stage of the financial planning process involves gathering relevant information about the client's financial situation. This is a crucial step in developing a financial plan that is tailored to the client's individual needs and circumstances and ensures that the financial planner or advisor has a comprehensive understanding of the client's current financial situation.
7
Research
Product research is an important aspect of the financial planning process. Financial planners and advisors use a variety of tools and resources, including WealthSolver and Insurance quoting tool, to research and recommend financial products to their clients.
2
- 2.1
  Wealthsolver
- 2.2
  Insurance Quotes and Comparison
Advice Preparation
The advice-preparation stage is a critical component of the financial planning process. Once the financial planner or advisor has gathered all the relevant information about the client's financial situation and goals, they will use this information to develop a personalized financial plan that aligns with the client's goals and risk tolerance.
2
- 3.1
  Advice Development Worksheet
- 3.2
  Plan Construct with Quantum
Advice Presentation
The presentation of a Statement of Advice (SoA) is a crucial aspect of the financial planning process. A SOA is a document that outlines the financial advice provided to the client, along with any associated risks, fees, and charges. It is a legal requirement for financial planners and advisors to provide clients with a SOA that is clear, concise, and tailored to their individual needs and circumstances.
2
- 4.1
  Rework from Paraplanning
- 4.2
  Prepare Forms
Advice Implementation
Once a client has agreed to the financial recommendations outlined in the Statement of Advice (SoA), the financial planner or advisor can move on to the implementation stage of the financial planning process. Implementation involves taking the necessary steps to put the financial plan into action in accordance with the client's individual circumstances and preferences.
4

Fact Finder

The Fact Finder sheet captures information about the client’s personal details and financial situation. The information provided by the client allows the financial adviser to better understand their needs and formulate a strategy tailored to their personal requirements. Please ensure that the client also provide their financial statements for each of their products.

Refer to the video in this lesson on how to prepare the Fact Finder sheet:

Follow this link to download the Fact Find template that you will use.

FMGWS Fact Finder

Authority to Access / Third Party Authority

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