Assessment Requirements for FNSFMK502 Analyse financial market products for client

Release: 1

Assessment Requirements for FNSFMK502 Analyse financial market products for client

Modification History

Release	Comments
Release 1	This version first released with FNS Financial Services Training Package Version 1.0.

Performance Evidence

Evidence of the ability to:

use appropriate techniques to identify financial products to meet client’s financial objectives and investment strategy

conduct analysis of a range of financial market products to provide effective information to use in investment decisions

interpret and comply with legislative and organisational requirements

test the integrity of financial information and assess the impact of trends on strategy and product performance

provide correct and up-to-date information on features and benefits of financial products and/or services.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

evaluate strategies for analysing client needs and gathering feedback

outline key information requirements needed from clients

explain the concept of a financial product, including general definitions and specific inclusions and exclusions

identify and outline a range of financial products and information sources

distinguish between the products and differentiate between their benefits and drawbacks

describe a range of techniques for evaluating information about financial market products

describe the key features of organisational policies and procedures relating to the analysis of financial market products for clients

describe the key features of relevant legal principles and compliance requirements

outline the main risks and implications associated with financial products and services

outline the key taxation issues in relation to the products and markets in which they operate

describe a range of financial market products and services.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial markets field of work and include access to:

office equipment, technology, software and consumables

financial services product information

financial markets databases.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe