Scenario 2 PlanForlt clients: Rodney and Joan Edwards Dne ofyour longstanding clients, Rodney Edwards, has called to arrange an appointment for you to see his motherJoan [age TI'B]. Rodney's father passed away a little over six months ago and his estate has now been finalised with all assets transferring intoJoan's name. Rodney's father John always looked after their own finances and invested primarily through direct shares. Rod has emailed you a portfolio listing all the shareholdings now in Joan's name as well as details of all the cash holdings. The cash and shares add up to just over $2 million, based on the current share prices. Rod was going to attend the meeting with his mother but has been caught up atwork and is now unable to make it. He calls you and says to meet with his mother anyway, as it is her money, and she is quite capable of making her own decisions. You commence your meeting with Joan by providing her your F55 and passing on information aboutyour practice and the advice you can give. Joan just nods while you speak, and you ask her if she understands what you have outlined. Joan replies, 'Some of it - but it doesn't really matter, as you always look after Rodney, and he says you will look after me'. while you are not entirely convinced that Joan understands everything you have said, you are condent that she has the legal capacity to make her own decisions, so you decide to continue with your initial meeting. You begin the fact-finding process and ask Joan a range of questions to understand her current situation, goals and objectives. She says that Rodney should have provided the details of the investments, and aside from that, she just wants 'things to continue as they were before John passed away'. John always told Joan they had enough money to see them through their life and had things set up to provide a regular amount into the bank account for them to spend, and Joan is happy for this arrangement to continue. She admits that she has never been part of the decision making financially, mainly because she was not interested and just let her husband deal with things. Now she is on her own, shejust wants things to continue and says that as long as Rodney agrees with what you recommend, she will be happy with that, and she will sign whatever needs to be signed. Question 2 [3|] marks I Wordlimit:1,300 words} {a} Briey identify and describe a potential ethical issue that may arise from Joan's apparent minimal knowledge of or experience with investing and overall disinterest in the financial planning process; {10 marks] {bl Identify at least three [3] relevant standards under the Financial Planners and Advisers Code of Ethics 2019 that have arisen for consideration based on the approach or actions thatJoan has displayed, and explain your concerns, with reference to the standards. {10 marks:- {c} Based on your meeting with JoanJ identify and describe two {2} different appropriate ethical frameworks that could be used to deal with this client interactionfsituation. {10 marks} Support your answers with reference to the case study and scenario facts and research