FINPP05
Propose financial solutions for the client
Overview
This unit is for those who provide paraplanning services to financial planners in
the delivery of bespoke solutions to clients as part of the financial advice
process. You must be able to produce concise and comprehensive reports
documenting the financial strategy and how it meets the client’s goals, needs
and objectives. You must then be able to demonstrate the suitability of the
recommended financial solutions for the client.
FINPP05 Propose financial solutions for the client
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FINPP05
Propose financial solutions for the client
Performance
criteria
You must be able to:
P1
P2
P3
P4
P5
P6
P7
P8
P9
prepare draft financial proposals that meet the client's goals, needs and
objectives in consultation with the financial planner
discuss the draft financial proposals with the financial planner, agree
solutions, prepare client presentations as appropriate and produce
technically competent reports suitable for the client to understand
document the suitability and affordability of the solutions you recommend
and their impact on the client's existing arrangements
document clearly the features, benefits and associated risks of the
solutions you have identified
select the most appropriate financial solutions that could meet the client's
needs, their risk profile, and conform to regulatory requirements
justify proposed financial solutions on the basis of your assessment of
the client's goals, needs and objectives, financial circumstances, and
risk profile
ensure all reports are compliant with industry regulation and business
guidelines
issue appropriate supplementary information to the client where required
follow up with the client where required to ensure return of completed
documents
FINPP05 Propose financial solutions for the client
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FINPP05
Propose financial solutions for the client
Knowledge and
understanding
You need to know and
understand:
K1
K2
how to compile, format and present effective draft financial proposals
methods for producing and articulating information in reports, in line with
policy and procedures
K3 how to use information technology systems
K4 how to identify and articulate features, benefits and risks
K5 how to measure the suitability of financial solutions against the client's
goals, needs and objectives
K6 the types of supplementary information that must be issued to the client
K7 relevant procedures for recording and storing information
K8 requirements relating to the application of codes, laws and regulatory
requirements as they impact on your activities
K9 practice and procedures relating to the recognition, promotion and
application of ethical standards
K10 relevant measures and indicators of performance
K11 the regulatory framework within which your role operates
FINPP05 Propose financial solutions for the client
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FINPP05
Propose financial solutions for the client
Additional Information
Behaviours
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
you demonstrate report writing and presentation skills
you show attention to technical details
you articulate complex information in a clear manner
you analyse information effectively
you are able to find solutions to problems
you are able to think independently
you prioritise objectives and plan work to make best use of time and
resources
you consider and respect the client's goals, needs and objectives at all
times
you communicate with the financial planner and other colleagues in a
professional manner
you proactively seek knowledge and clarification from colleagues or
from your organisation's procedures if in doubt
you carry out tasks in accordance with policies and procedures
FINPP05 Propose financial solutions for the client
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FINPP05
Propose financial solutions for the client
Developed by
Financial Services Skills Council
Version number
1
Date approved
July 2009
Indicative review
date
July 2011
Validity
Current
Status
Original
Originating
organisation
Financial Services Skills Council
Original URN
PP05
Relevant
occupations
Accounting and finance; Finance
Suite
Paraplanning
Key words
paraplanning, financial strategy, financial advice, financial advisers, financial
planning, financial review, financial assets, client assets, financial information.
FINPP05 Propose financial solutions for the client
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