Disadvantages of strategy II There are always disadvantages with any recommended strategy. For your recommended strategyis] what are the disadvantages? Again. be specic rather than general. For example. rather than stating 'taxation implications\" as a disadvantage you would need to explain what the taxation implications are and how this is a disadvantage for Jonathon. II If there are severe disadvantages with your recommended strategy that cannot be overcome. you should consider changing your strategy particularly if your strategy means he cannot achieve his goals. Alternatives considered I You need to consider all 'reasonable' alternatives and most importantly. why these where not recommended. '- For example. if you are recommending a defensive investment option you should include other defensive investment options and why these were not recommended. Likewise. with any growth investment recommendations. II Typically. an alternative strategy is a strategy that still meets the client's goal. but one you haven't recommended for a particular reasonis]. Please ensure you explain what these reasons are. so it is clear why your actual recommendation is more appropriate for you]; client. II Remember too. that one possible investment alternative is to 'do nothing\". That is. leave the investment as is. If you are not recommending this. why not? Repeat this process for Q of Jonathon's wealth creation and lifestyle goals (including his insurance. superannuation and estate planning goals below). Please remember that you can only use the savings that Jonathon has available to him (as per the inteni'iew transcript]. and that once you have allocated these [e.g. for one goal) they are no longer available for the other goal. This includes superannuation. This is discussed further in the investment choices video. Refer also FAQ 4 below. Further. as his goals have different timefrarnes. it is unlikely to be appropriate to combine all of his funds into one investment for both goals. Accordingly. we suggest you work on one goal at a time (as shown in the PartA template}. Therefore. for each goal. you need to consider how much of his current savings [if any) and how much of the ongoing savings [if any) you are allocating towards this goal {remembering you can only allocated his savings until they are expended in the strategy formulation don't double dip!) and how these funds are being invested. Please refer to the investment choices video on L@G for further information. Finally. to ensure Jonathon has exibility with his house deposit funds. please do w recommend the Government's W. This will be discussed in Topic 3