<<Insert Name>>

2018 Semester One

Case Study Response

Team Contact Details:

Key Team Contact:
Team Contact Number:
Team Contact Email:

Submission declaration:
By submitting this discussion paper, all team members acknowledge the work contained within is
their own and they are each eligible to enter the AMP University Challenge. None of the team
members are currently, nor have been authorised by, an Australian Financial Services Licensee, and
all team members are currently studying a university level qualification within Australia.
Ownership (including intellectual property rights) in all entries are assigned to AMP Financial
Planning Pty Limited ABN 89 051 208 327 (AMP) upon submission and remain the property of AMP.
All team members also acknowledge they are not infringing the intellectual property of any third
party and that they do not have any rights (including copyright) in their entry (whole or part). All team
members also voluntarily waive all moral rights they have with their entry (whole or in part).
 Insert Scanned Student ID
Student 1

Student 2

Student 3

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 The Practice
ABN 000000000

Trading as The Practice

<<Date>>> Authorised Representative of
AMP Financial Planning Pty Limited
<<Client name(s)>>> Address
<<Client address>>> Telephone
Facsimile
Mobile

Email
Web

Dear <<insert name>>,

Discussion Paper
Reasons for this advice

<<requirement: In this section, you need to restate the goals and objectives relating to strategies
included in this discussion paper, and why the clients are seeking information. What do they want
to achieve?>>

What is included in our advice

<< requirement: Clearly outline the areas you are going to discuss>>
<<Client preferred name>> and <<Spouse preferred name>>, at this time you have asked us to
provide advice on…:

In particular, after discussing your preferences and goals, we interpret your advice needs to be in
the following areas:

No other financial planning advice needs have been addressed in this Discussion Paper.
This means that we have not considered your need(s) for the following:
 <<Outline what is not being specifically covered>>
By not receiving advice on these matters, these potential risks may exist:
 <<Insert any significant risks to the client or spouse>>
Should you change your mind and wish to receive advice in these areas please let us know.
<<OR, the following sentence if client has agreed to address needs in the future>>
However, as agreed, we will be addressing these areas in the future, <<insert timeframe>>.
Please be aware that by not receiving advice on these matters, you may not have appropriate
strategies in place to assist you in achieving your goals in these areas.

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The strategies in this document are for discussion purposes only and are not intended for
you to act on without further advice.

Limited information warning

If the information you have provided is incomplete or incorrect, you risk making a financial
commitment that may not be appropriate to your circumstances.
We have based this advice on your personal objectives and circumstances we recorded in your
fact find and which you confirmed for us. These objectives and circumstances are summarised in
this Discussion Paper. If any information has been overlooked or misinterpreted, please let us
know because it may affect whether our advice is appropriate to your circumstances. Please
consider how our advice may impact your total circumstances if there are areas of information that
you have not given us.

Yours sincerely

Where to find more information

This advice is based on and incorporates information from the documents listed below and the
documents should be read in conjunction with this advice. These documents have been provided
to you, either previously or with this advice, but if you require further copies they are available free
of charge by contacting us.

Document Name Version Date

Financial Services and Credit Guide (FSCG) V1.1 26th February 2018

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Your personal and financial position
<< requirement: This section summaries any information that you know about the client which
may be relevant to the strategy discussion. This allows you the flexibility to re-state the information
you feel is appropriate or necessary. Information is only needed to the extent it is relevant to the
strategies discussed. You can provide this information in various ways. For example, bullet points,
tables, written paragraphs or a combination of these.>>

<<requirement: Calculation of current net worth.>>

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Risk profile
<<requirement: Discussion of risk profile, asset allocation and application to recommended
strategy.>>

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Strategy discussion
Financial strategies considered

<<requirement: What are you recommending? Explain the advice strategies recommended and
what you considered before arriving at the recommended strategy>>

Financial strategy (1)

<<requirement: Outline the client objective and explain how the strategy produces outcomes to
meet that objective>>

How it works
<< requirement: Clearly document how the strategy works. You may include tables or graphs
where appropriate to demonstrate the workings of the strategy. With the exception of the
superannuation consolidation strategy, do not mention any product features that may imply a
particular product. Refer to necessary product features as generic features.>>

Benefits of this strategy

<<requirement: Outline why your strategy could be appropriate and the specific benefits it
produces. Why are these strategies recommended? Outline how the strategies produce outcomes
to meet the clients’ objective(s). >>

Outcomes
<<requirement: Summarise the consequences of the strategy. You may wish to demonstrate
outcomes in terms of cashflow, tax payable or expected investment balances at a given point in
time.>>

Risks you need to consider

The following risks may apply to the described strategy in Financial Strategy (1).
<<requirement: Within this section you must outline the risks that accompany your advice. You
should also provide additional explanations on other financial risks associated with your advice.
Include the risks for each strategy, even if they are repeated>>

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Financial strategy (2)
<<requirement: Outline the client objective and explain how the strategy produces outcomes to
meet that objective>>

How it works
<< requirement: Clearly document how the strategy works. You may include tables or graphs
where appropriate to demonstrate the workings of the strategy. With the exception of the
superannuation consolidation strategy, do not mention any product features that may imply a
particular product. Refer to necessary product features as generic features.>>

Benefits of this strategy

<<requirement: Outline why your strategy could be appropriate and the specific benefits it
produces. Why are these strategies recommended? Outline how the strategies produce outcomes
to meet the clients’ objective(s). >>

Outcomes
<<requirement: Summarise the consequences of the strategy. You may wish to demonstrate
outcomes in terms of cashflow, tax payable or expected investment balances at a given point in
time.>>

Risks you need to consider

The following risks may apply to the described strategy in Financial Strategy (2).
<<requirement: Within this section you must outline the risks that accompany your advice. You
should also provide additional explanations on other financial risks associated with your advice.
Include the risks for each strategy, even if they are repeated>>

Financial strategy (3)

<< requirement: This section is the same as the requirements for Financial Strategy (1 and 2
above). Outline the objective and explain how the strategy produces outcomes to meet that client
objective. Repeat as many times as relevant for the advice you are providing.>>

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<<requirement: Projected 1-5 year cashflow >>:

<<requirement: Calculation of net financial position in year 5>>:

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Other important information
Forward illustrations
Any forward illustrations are intended as a guide only. They are purely estimates, not guaranteed,
and may vary with changing circumstances.

Tax implications of our advice

Under the Tax Agent Services Act 2009, AMP Financial Planning is authorised by the Tax
Practitioners Board to provide tax (financial) advice services on matters that are directly related to
the nature of the financial planning advice provided to you. We will not consider any other tax
matters in our advice to you. Where tax implications are discussed they are incidental to our
recommendations and only included as an illustration to help you decide whether to implement our
advice.

Assumptions

<<requirement: You have been provided with a set of facts and standard assumptions.
In this section you need to clearly document any further assumptions you have made or used to
formulate your strategy.>>

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The cost of my advice
During our meeting, we agreed the cost of my advice was as set out below.

Financial planning fees paid directly

The table in this section shows initial advice costs. It also shows where any of these amounts are
received by AMP Financial Planning (AMPFP) and the proportion that AMPFP then passes on to
our firm. All amounts in the table that follow include GST where applicable.
Amount kept Amount kept
Amount paid
Type of fee Payment method Costs to you by AMPFP by our firm
to AMPFP
(100%) (0%)
$ $ $ $
Initial agreed fees
Discussion
paper Already paid $3,300 $3,300 $3,300 $0
preparation fee
Total initial
$3,300 $3,300 $3,300 $0
agreed fees

How I am paid
 For details regarding how I am paid, please refer to our Financial Services Guide/Financial
Services and Credit Guide.

How am I paid?
I am an employee of The Practice and receive a salary and/or bonus from AMP Financial Planning.

Other benefits
In addition to the fees and commissions we may receive for our advice and services, we may also
receive other benefits such as financial, marketing and training assistance from AMP Financial
Services Limited. These benefits may be considered to influence the service we give you or the
products we recommend to you.

 For further information regarding other benefits, associations and relationships, please refer
to our Financial Services Guide/Financial Services and Credit Guide.

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Next steps

<<requirement: Clearly state the next steps in the advice process.>>

Financial Adviser and Authorised Representative of:

AMP Financial Planning Pty Limited ABN 89 051 208 327
Australian Financial Services Licence No. 232706
The Practice: 33 Herbert Street, St Leonards NSW 2065

Prepared on 23 April 2018 and valid for 30 days. For educational use only. Page 12
Appendix 1
<< This section will not attract a separate grade but should be used to provide projections to
support your strategy, as well as any other assumptions or information which is relevant to the
strategic discussion paper. Note: Appendix pages are included in your overall 25 page count.>>

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