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FINS3637 Statement of Advice 2

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FINS3637 Statement of Advice 2
STATEMENT OF ADVICE

Prepared for

Peter Zinc and Georgia Zinc

Prepared by:

Lok Fung Ciao Lam (z3377100)
Kelvin Ly (z3373444)
Johnathan McMenamin (z3416995) Anthony Truong (z3376246)
Gordon Wong (z3375806)
Ray Wong (z3252114)

Authorised representative (No.1234) of

UNSW ASB Pty Ltd
ABN 15 245 214 135
Ph: (02) 9385 5867

Australian Financial Licence No. 5678

23 High Street
Kensington NSW 2033

26 May 2014

WHAT THIS DOCUMENT IS ABOUT
The following Statement of Advice (‘SOA’) sets out the financial plan we have prepared for you with regards to the information you have provided to us. All advice and recommendations made takes into account your personal and financial situations, needs and objectives and risk profiles.

This SOA includes the basis on which the advice is made, limitations of our advice and any matters that are not covered within. A disclosure of the fees and commissions payable and the steps for implementation of the financial plan is also enclosed.

If this SOA recommends any particular financial product to you, we will provide you with a Product Disclosure Statement containing information about the financial product to help you make an informed decision about that product.

Table of Contents
1. Executive Summary 4
2. Current Personal and Financial Situation 5
2.1 Goals and Objectives 5
2.2 Personal Information 5
2.5 Financial Information 6
Current income and expense details 6
Current assets and liabilities 6
Current Asset Allocation 6
2.6 Risk Profile 7
3. Our Advice to You 9
3.1 Asset Allocation 9
3.2 Term Deposit 10
3.3 Share Portfolio 11
Australian Shares 11
International Equity 11
3.4 Home Loan 12
Your current home loan 12
Other options available to you 13
3.5 Insurance 13
Medicare Levy Surcharge and Private Health Insurance 14
Home and Contents Insurance 14
Travel Insurance 15
3.6 Salary Sacrifice 15
3.7 Self Managed Superannuation Fund 15
3.8 Estate Planning 16
What is estate planning? 16
Will 16
Testamentary trust 17
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