Appendix D: Discussion Paper Template BFFXXXX Group Assignment <>> *This page does not count toward page limit *Words in blue are to be replaced with your own detailsPrepared on 24 April 2017 and valid for 30 days. For educational use only. Page 3 The Practice ABN 000000000 Trading as The Practice Authorised Representative of AMP Financial Planning Pty Limited Address Telephone Facsimile Mobile Email Web <>> <>> <>> Dear <>, Discussion Paper – Statement of Advice Reasons for this advice <> What is included in our advice << requirement: Clearly outline the areas you are going to discuss>> <> and <>, 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 Statement of Advice (SoA). This means that we have not considered your need(s) for the following:  <> By not receiving advice on these matters, these potential risks may exist:  <> Should you change your mind and wish to receive advice in these areas please let us know. <> However, as agreed, we will be addressing these areas in the future, <>. 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.Prepared on 24 April 2017 and valid for 30 days. For educational use only. Page 4 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 SoA. 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 27th February 2017Prepared on 24 April 2017 and valid for 30 days. For educational use only. Page 5 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.>> <>Prepared on 24 April 2017 and valid for 30 days. For educational use only. Page 6 Risk profile <>Prepared on 24 April 2017 and valid for 30 days. For educational use only. Page 7 Strategy discussion Financial strategies considered <> Financial strategy (Option 1) <> 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 <> Outcomes <> Risks you need to consider The following risks may apply to the described strategy in Option 1. <>Prepared on 24 April 2017 and valid for 30 days. For educational use only. Page 8 Financial strategy (Option 2) <> 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 <> Outcomes <> Risks you need to consider The following risks may apply to the described strategy in Option 2. <> Financial strategy (Option 3) << requirement: This section is the same as the requirements for Financial Strategy (Option 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.>>Prepared on 24 April 2017 and valid for 30 days. For educational use only. Page 9 <>: <>:Prepared on 24 April 2017 and valid for 30 days. For educational use only. Page 10 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 <>Prepared on 24 April 2017 and valid for 30 days. For educational use only. Page 11 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. Type of fee Payment method Costs to you Amount paid to AMPFP Amount kept by AMPFP (100%) Amount kept by our firm (0%) $ $ $ $ Initial agreed fees Discussion paper preparation fee Already paid $3,300 $3,300 $3,300 $0 Total initial agreed fees $3,300 $3,300 $3,300 $0 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.Prepared on 24 April 2017 and valid for 30 days. For educational use only. Page 12 Next steps <> 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 2065Prepared on 24 April 2017 and valid for 30 days. For educational use only. Page 13 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.>>