Financial Planning Essentials by Warren McKeown Paperback Book

The Nile on eBay FREE SHIPPING UK WIDE Financial Planning Essentials by Warren McKeown, Marc Olynyk, Lisa Ciancio, Diem La The second edition of Financial Planning Essentials delivers concise, contemporary, relevant and curriculum-aligned content carefully tailored to first-year undergraduate students. Students will be inspired, rather than saturated, by information on how to advise their future clientele about investment decisions throughout their lifetime. Encompassing the entire spectrum of client wealth management, from wealth development and protection to early investments, superannuation, and estate planning, this edition equips students with comprehensive knowledge and skills. A key focus is on instilling students with the necessary language and communication tools to deliver meaningful guidance to their future clients. Through a systematic exploration of fundamental concepts and technical competencies, Financial Planning Essentials, 2nd edition primes students for successful and fulfilling careers in financial planning. This text serves as an indispensable guide, fostering both readiness and enthusiasm among aspiring financial planners. FORMAT Paperback CONDITION Brand New Table of Contents Preface About the authors CHAPTER 1 Personal financial planning Introduction 1.1 What is personal financial planning? 1.2 Why is personal financial planning important? 1.3 Professional standards for financial planners 1.4 Understanding risk 1.5 Features of the economic environment 1.6 The global financial crisis and its impact on Australia 1.7 The evolution of the financial planning environment 1.8 The regulatory framework that applies to financial planning 1.9 What investors and financial planners can learn from history CHAPTER 2 Financial planning skills Introduction 2.1 Preparing personal financial statements 2.2 The role of the financial counsellor 2.3 Using financial ratios as a planning tool 2.4 Financial mathematical skills applied in financial planning 2.5 Compound interest and the time value of money 2.6 Nominal and effective interest rates 2.7 Net present value 2.8 Further applications of the time value of money concept 2.9 Effect of tax and inflation on the rate of return CHAPTER 3 Taxation planning Introduction 3.1 The Australian taxation system 3.2 The components of taxable income 3.3 Calculation of net tax payable for an individual resident taxpayer 3.4 Impact of tax on investment income 3.5 Taxation planning 3.6 Income splitting 3.7 Income versus capital growth 3.8 Tax structures 3.9 Negative gearing 3.10 Salary packaging and remuneration planning 3.11 Goods and services tax CHAPTER 4 Investment choices Introduction 4.1 General attributes of investors 4.2 Broad investment classes 4.3 The risk and return relationship 4.4 The benefits of diversification 4.5 Recent performance of asset classes 4.6 General investment strategies 4.7 Behavioural finance 4.8 Investment scams 4.9 Information sources for investment choices CHAPTER 5 Fixed interest, shares and property Introduction 5.1 Cash and fixed-interest securities 5.2 The nature of, and participants in, the fixed-interest market 5.3 Different forms of fixed-interest investments 5.4 Discount and coupon securities and a change in interest rates 5.5 The nature of, and participants in, the share market 5.6 The influences on share prices 5.7 The capital asset pricing model (CAPM) 5.8 Basic valuation models to value shares 5.9 Alternative direct investments 5.10 Qualities and characteristics of property 5.11 Different forms of property investment 5.12 Features and benefits of property funds 5.13 Taxation of property investments 5.14 Property valuation methods CHAPTER 6 Managed funds, leveraging and buying a house Introduction 6.1 Characteristics of managed funds 6.2 The regulation and structure of managed funds in Australia 6.3 Investing into managed funds — advantages, downsides and risks 6.4 Typical fee structures of MISs 6.5 The differences in managed funds 6.6 Measuring returns and analysing the performance of managed funds 6.7 Leveraged investing 6.8 Gearing, income taxes and geared investments 6.9 Margin lending 6.10 Benefits and risks of margin lending 6.11 Mortgages 6.12 Advantages and disadvantages of home ownership 6.13 Financial implications of home ownership versus renting 6.14 Financing a house purchase CHAPTER 7 Risk management and insurance Introduction 7.1 Risk and risk management 7.2 Key concepts in insurance 7.3 Life, disability, trauma and health risks 7.4 House and contents risk management 7.5 Motor vehicle risk management 7.6 Other insurances 7.7 Liability risk management 7.8 Implementation and review CHAPER 8 Superannuation Introduction 8.1 What is superannuation? 8.2 The three pillars policy of superannuation 8.3 The legislative context for superannuation 8.4 Types of superannuation funds and who provides them 8.5 History of superannuation in Australia 8.6 Superannuation contributions 8.7 Investment and superannuation 8.8 Taxation of superannuation funds 8.9 Relationship breakdown and the splitting of superannuation 8.10 Fees and charges 8.11 How much will I accumulate in superannuation? CHAPTER 9 Retirement planning Introduction 9.1 What is retirement planning? 9.2 The three phases of retirement 9.3 Funding retirement 9.4 Ordinary money versus superannuation money 9.5 Options that a member has upon retirement with their accumulated superannuation funds 9.6 Implications of the transfer balance cap 9.7 Withdrawing a lump sum in order to fund retirement 9.8 Sources of income streams in retirement 9.9 Main forms of retirement income streams 9.10 Other income support available in retirement 9.11 What is an adequate retirement income? CHAPTER 10 Social security Introduction 10.1 History of social security in Australia 10.2 Centrelink and Services Australia 10.3 The range of social security benefits 10.4 Pension and allowance benefit entitlements and eligibility rules 10.5 Assistance provided to retirees 10.6 Means testing 10.7 Assistance provided to families raising children 10.8 Assistance provided to those with disability or impairment 10.9 Support for those undertaking study or an Australian apprenticeship 10.10 Taxation of pensions and allowances 10.11 Accommodation in retirement CHAPTER 11 Estate planning Introduction 11.1 Obligations of the financial planner 11.2 The role of a will within estate planning 11.3 Dying intestate 11.4 Estate planning and taxes 11.5 Estate planning and trusts 11.6 Superannuation death benefits 11.7 Power of attorney CHAPTER 12 Development of a statement of advice Introduction 12.1 Regulation of financial advice 12.2 Disclosure documents required in respect of the provision of financial products 12.3 The legal obligations relating to the provision of financial advice 12.4 When is an SOA required and what is its purpose? 12.5 When is an SOA not required? 12.6 Types of SOAs 12.7 The importance of effective communication in an SOA 12.8 The importance of the planner–client relationship 12.9 The 6 steps of the financial planning process 12.10 Ethical and legal compliance issues 12.11 Important components of an SOA Section 1 Introduction Section 2 Where are you now? Section 3 Recommendations and analysis Section 4 Investments Section 5 Implementing the plan Section 6 Disclaimer and authority to proceed References Acknowledgements Details ISBN 1394286163 Author Diem La Publisher John Wiley & Sons Australia Ltd Year 2024 ISBN-13 9781394286164 Format Paperback Publication Date 2024-09-13 Imprint John Wiley & Sons Australia Ltd Place of Publication Milton, QLD Country of Publication Australia Replaces 9780730385738 Audience Tertiary & Higher Education Edition Description 2nd Revised edition Edition 2nd Pages 512 AU Release Date 2024-09-12 We’ve got this At The Nile, if you’re looking for it, we’ve got it. With fast shipping, low prices, friendly service and well over a million items – you’re bound to find what you want, at a price you’ll love! 30 DAY RETURN POLICY No questions asked, 30 day returns! FREE DELIVERY No matter where you are in the UK, delivery is free. 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