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Evidence Guide: FNSFPL601 - Provide technical and professional guidance

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

FNSFPL601 - Provide technical and professional guidance

What evidence can you provide to prove your understanding of each of the following citeria?

Provide technical guidance to other staff in the practice

  1. Provide technical guidance and advice, appropriate to skill level and need, to other financial planners, trainee financial planners and para-planners to assist in development of financial plans
  2. Provide technical advice and assistance to administrative and processing staff when required
  3. Use specialists with appropriate advanced technical competency as point of reference when required
  4. Recognise potential problems before they develop and take precautionary steps to prevent them
  5. Model and communicate ethical behaviour requirements to staff and peers
Provide technical guidance and advice, appropriate to skill level and need, to other financial planners, trainee financial planners and para-planners to assist in development of financial plans

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide technical advice and assistance to administrative and processing staff when required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use specialists with appropriate advanced technical competency as point of reference when required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Recognise potential problems before they develop and take precautionary steps to prevent them

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Model and communicate ethical behaviour requirements to staff and peers

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide technical and professional information to staff and peers

  1. Circulate information obtained by representatives that is relevant to staff and peers for development purposes
  2. Provide opportunities to staff for feedback and queries on circulated information
Circulate information obtained by representatives that is relevant to staff and peers for development purposes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide opportunities to staff for feedback and queries on circulated information

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Act as practice reference for any special areas of expertise

  1. Establish staff briefings or training sessions in representative’s area of expertise
  2. Develop and deliver skill development exercises for individual staff as required
  3. Monitor market, product, legislative and regulatory changes in special areas of expertise for development purposes
  4. Monitor and address practice information and skill requirements in special areas of expertise
Establish staff briefings or training sessions in representative’s area of expertise

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and deliver skill development exercises for individual staff as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor market, product, legislative and regulatory changes in special areas of expertise for development purposes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor and address practice information and skill requirements in special areas of expertise

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Provide technical guidance to other staff in the practice

1.1 Provide technical guidance and advice, appropriate to skill level and need, to other financial planners, trainee financial planners and para-planners to assist in development of financial plans

1.2 Provide technical advice and assistance to administrative and processing staff when required

1.3 Use specialists with appropriate advanced technical competency as point of reference when required

1.4 Recognise potential problems before they develop and take precautionary steps to prevent them

1.5 Model and communicate ethical behaviour requirements to staff and peers

2. Provide technical and professional information to staff and peers

2.1 Circulate information obtained by representatives that is relevant to staff and peers for development purposes

2.2 Provide opportunities to staff for feedback and queries on circulated information

3. Act as practice reference for any special areas of expertise

3.1 Establish staff briefings or training sessions in representative’s area of expertise

3.2 Develop and deliver skill development exercises for individual staff as required

3.3 Monitor market, product, legislative and regulatory changes in special areas of expertise for development purposes

3.4 Monitor and address practice information and skill requirements in special areas of expertise

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Provide technical guidance to other staff in the practice

1.1 Provide technical guidance and advice, appropriate to skill level and need, to other financial planners, trainee financial planners and para-planners to assist in development of financial plans

1.2 Provide technical advice and assistance to administrative and processing staff when required

1.3 Use specialists with appropriate advanced technical competency as point of reference when required

1.4 Recognise potential problems before they develop and take precautionary steps to prevent them

1.5 Model and communicate ethical behaviour requirements to staff and peers

2. Provide technical and professional information to staff and peers

2.1 Circulate information obtained by representatives that is relevant to staff and peers for development purposes

2.2 Provide opportunities to staff for feedback and queries on circulated information

3. Act as practice reference for any special areas of expertise

3.1 Establish staff briefings or training sessions in representative’s area of expertise

3.2 Develop and deliver skill development exercises for individual staff as required

3.3 Monitor market, product, legislative and regulatory changes in special areas of expertise for development purposes

3.4 Monitor and address practice information and skill requirements in special areas of expertise

Evidence of the ability to:

provide technical and professional guidance to others within the organisation, including:

conducting briefings and training sessions

mentoring staff and facilitating opportunities to receive guidance or support in the preparation of financial plans

acting as a practice reference for special areas of expertise.

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

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

explain the key features of the financial planning industry, including:

financial products

financial markets

investment characteristics

describe the key features and identify relevant issues relating to:

corporations and consumer legislation

government financial and superannuation policy

relevant financial legislation

social security legislative updates

industry codes of practice

discuss current industry trends, sources of information and industry activities

compare and contrast:

financial forecasting techniques

methods of presenting financial data

identify and assess available and appropriate professional development activities

identify and categorise:

relevant interdisciplinary contacts and industry expertise

sources of information on financial products and markets, state and territory charges and taxes

discuss approaches for effective mentoring and training within the workplace.