Return to flip book view

2018 Personal Finance Rubric

Page 1

VCEE 2018 Governor’s Challenge - Personal Finance Division !"#$%&'()$'*$%+,-'./0,'12"34''''' ' ' ' ' ' 'Name of Team ___________________________________ '.5/$/&2,$%06&0')('78/-9:&,88,-2'''''''''';<#)=,'<=,$/>,'?<=,$/>,'''''''''''@A,8)B'<=,$/>,'C7))$'DEFG)$2/-&,'H/&2)$7)%-20'9/$-,3Looked professional and was easily navigable (e.g. table of contents; section dividers; page numbers; clear text references to appendices; appendices clearly labeled, etc.)Well organized and professional; Extraordinary attention to detail Above average appearance, attention to detail and ease of navigationAverage appearance, attention to detail and ease of plan navigationNeeds attention to appearance, attention to detail and ease of plan navigationHaphazard construction. No attention to detail. Lacked any form Plan difficult to navigateD!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JDK'L'MMMMMMMMMN;Included a summary to facilitate understanding and implementation (e.g., executive summary, “to-do” list, timeline, etc.) Integrated, clear, concise, responsible guidance with sound priorities Summary or other tools provided, but not integrated OR lacked sufficient detailProvided simple executive summary OR 5 Ws/how/how much table onlySummary not very helpful because it failed to prioritize tasks or lacked detailSummary not includedD!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JDK'L'MMMMMMMMMN;Addressed client goals and questions; Used them to guide the plan, even if the goal(s) was not achievable as originally stated by the clientAll goals and questions were fully considered and/or planned forMost goals clearly guided the plan and most questions fully addressedGoals generally guide the plan; several questions overlooked Some goals redefined without full regard for the client; Some questions overlookedMany goals not addressed or inference that the goals were insignificant; Questions ignored@!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'J@K'L'MMMMMMMMND;Was factually accurate (e.g., data manipulation; related content) All information is consistent, accurate, and fully integratedFew, minor errors and only a major error in 1 content areaMultiple errors (major and minor) in 1-2 content areasErrors in multiple content areasSignificant errors that compromise the planC!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JCK'L'MMMMMMMMNDOProvided accurate and transparent analysis for cash flow; taxes; insurance (life, health, disability, LTC, P&C); retirement; estate; education and/or other special needs Accurate and clear analysis and synthesis in most content areasAccurate and clear analysis and synthesis, with only minor errors or omissions Most analysis accurate, with only a major error in 1 content area or multiple minor errors/omissionsSome analysis inaccurate or incomplete, with several major and minor errors/omissionsInaccurate or incomplete analysis of several content areas compromise the plan@!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'J@K'L'MMMMMMMMND; 1

Page 2

VCEE 2018 Governor’s Challenge - Personal Finance Division Name of Team ___________________________________ .5/$/&2,$%06&0')('78/-9:&,88,-2'''''''''';<#)=,'<=,$/>,'?<=,$/>,'''''''''''@A,8)B'<=,$/>,'C7))$'DEFG)$2/-&,'H/&2)$7)%-20'9/$-,3Provided clear, actionable recommendations (5 Ws, how, how much) for cash flow; taxes; insurance (life, health, disability, LTC, P&C); retirement; estate; education and/or other special needsOriginal and creative recommendations in most areas; alternative recommendations offeredMost recommendations clear and actionable; only a few alternatives offered Most recommendations clear and actionable, with only minor errors/omissionsSome recommendations actionable; several major errors/omissionsSeveral recommendations are not clear or actionable; several major errors/omissions@!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'J@K'L'MMMMMMMMND;“Spoke” to the client (e.g., writing style, use of visuals, organization, emotional messages, compliments) to make the client feel known and understood by the advisorsExcellent empathic tone to support the client and foster the relationship Several examples of client “connections” throughout the planAppropriate balance of factual data, with some warmth or client empathy and motivationIneffective attempts to connect with or motivate the clientFactual, impersonal tone; Lacked empathy to connect or motivateD!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JDK'L'MMMMMMMMMN;Provided accurate answers to the clients’ specific 12 questions that were provided at the end of the case study.'Complete and accurate answers to the client’s 12 questions. (11-12 correct).Mostly complete and accurate answers to the client’s 12 questions. (8 – 10 correct). Somewhat complete and accurate answers to the client’s 12 questions. (5-7 correct).A few complete and accurate answers to the client’s 12 questions. (3-4 correct). Mostly incomplete and inaccurate answers to the client’s 12 questions. (0-2 correct). C!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JCK'L'MMMMMMMMNDOProvided accurate answers to the clients’ specific 32 missing components on the financial statements. Complete and accurate answers to the client’s 32 missing components on the financial statements. (32-27 correct).Mostly complete and accurate answers to the client’s 32 missing components on the financial statements. (26 – 20 correct).Somewhat complete and accurate answers to the client’s 32 missing components on the financial statements. (19-13 correct).A few complete and accurate answers to the client’s 32 missing components on the financial statements. (12-7 correct). Mostly incomplete and inaccurate answers to the client’s 32 missing components on the financial statements. (0-6 correct). C!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JCK'L'MMMMMMMMNDO 2

Page 3

VCEE 2018 Governor’s Challenge - Personal Finance Division !"#$%&'()$'P$/8'7$,0,-2/6)-' ' ' ' ' ' Name of Team _________________________________ 'Q)2/8'*$%+,-''''''''''''''''''NRO.5/$/&2,$%06&0')('7$,0,-2/6)-9:&,88,-2'?<#)=,'<=,$/>,'@<=,$/>,'C7))$'DEFG)$2/-&,'H/&2)$'''7)%-20'9/$-,3.)--,&6)-'#,2B,,-'$,&)FF,-3/6)-0'/-3'&8%,-20S'G$%)$%6,0N)#T,&6=,0'RecommendaBons directly related to the clients’ prioriBes and objecBvesRecommendaBons mostly related to the clients’ prioriBes and objecBvesRecommendaBons only remotely related to the clients’ prioriBes and objecBves RecommendaBons did not relate to the clients’ prioriBes and objecBvesC!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JCK'L'MMMMMMMMMNU!/6)-/8,N'!,&)FF,-3/6)-0'The relevant pros and cons of the recommendaBons were arBculatedMost of the relevant pros and cons of the recommendaBons were arBculatedFew of the relevant pros and cons of the recommendaBons were arBculatedNone of the relevant pros and cons of the recommendaBons were arBculated @!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'J@K'L'MMMMMMMMMNDC.8/$%24V'P$>/-%W/6)-'/-3'1&)G,')('7$,0,-2/6)-'J,X>XV'/F)"-2'/-3'8,=,8')('&)-2,-2'G$,0,-2,3KPresented in a logical, interesBng sequence at a level that the client could easily follow. IntroducBon of each team member.Logical sequence and level that the client could followClient would most likely have difficulty following the explanaBon due to sequencing or level– too elementary or too sophisBcated. Client would not understand the plan due to issues with sequencing and scope of the presentaBon C!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JCK'L'MMMMMMMMMNU 3

Page 4

VCEE 2018 Governor’s Challenge - Personal Finance Division Name of Team ___________________________________ Y%0"/80Z''Appearance, Content and Use Should Enhance the PresentaBon (e.g., PowerPoint, handouts, computer-generated materials, etc.)AZracBve, consistently formaZed with a professional appearance (e.g. easily read, not cluZered or distracBng); Appropriate content; No misspellings or grammaBcal errorsNice, but lacked a professional appearance; Content (amount and/or usefulness) in quesBon; Few misspellings, grammaBcal errors, or other issues with clarity.Average appearance and issues with the scope of content; Several misspellings, grammaBcal errors, or other issues with clarity. Difficult to see, read, understand message.Visuals were of poor quality and did not contribute to the plan presentaBon. OR NO visuals used.C!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JCK'L'MMMMMMMMMNU.5/$/&2,$%06&0')('7$,0,-2/6)-9:&,88,-2'?<#)=,'<=,$/>,'@<=,$/>,'C7))$'DEFG)$2/-&,'H/&2)$'''7)%-20'9/$-,3[,8%=,$4Z'Eye contact, pace of delivery, gestures, movement, facial expressions, vocal variety, posture, lack of distracBng mannerisms (verbal or other) or biasesProfessional; made the client (judges) feel comfortable with no biases. Clear voice; careful pronunciaBon. Good eye contact with the clients. Appropriate gesturesClear voice, with most words pronounced correctly. Maintained eye contact with clients. Few distracBons (mannerisms or biases)PunctuaBon not always clear; judges had difficulty hearing. Poor eye contact with judges. Some distracBons (mannerisms or biases).Mumbled or read; unclear pronunciaBon, and/or spoke too quietly/quickly for client to hear. Poor eye contact; distracBng mannerisms or biasesC!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JCK'L'MMMMMMMMMNU7$)(,00%)-/8'<GG,/$/-&,Z''Appearance is neat, clean, professional and appropriate for the situaBon.Personal appearance is professional and appropriate for the occasion. A^re was chosen to enhance presentaBon.For the most part, personal appearance is professional and appropriate for the occasion. Personal appearance is somewhat unprofessional and inappropriate for the occasion.Personal appearance is unprofessional and inappropriate for the occasion: e.g. jeans, t-shirt.DX;!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JDX;K'L'MMMMMMMMMN\ 4

Page 5

VCEE 2018 Governor’s Challenge - Personal Finance Division Total from WriZen presentaBon ______ + Total from Oral PresentaBon ______ = ______out of 156 Name of team_____________________________ All team scores from your Group _____ _____ _____ _____ _____ AddiBonal comments:.$,/6=%24Z''with regard to visuals and oral presentaBonUsed lots of creaBvity in either the visual or oral presentaBon to help bring the recommendaBons to life and enhance understandingUsed some creaBvity in either the visual or oral presentaBon to help bring the recommendaBons to life and enhance understanding.Used liZle creaBvity in either the visual or oral presentaBon to help bring the recommendaBons to life and enhance understanding.Demonstrated no creaBvity in either the visual or oral presentaBon to help bring the recommendaBons to life and enhance understanding.D!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'JDK'L'MMMMMMMMMN?E-=)8=,F,-2')('/88'F,F#,$0'%-'G$,0,-2/6)-'/-3'$,0G)-3%->'2)']",06)-0'J2)',:2,-2'T"3>,0S']",06)-0'G,$F%+,3KAll members were involved to approximately same degree in both presentaBon and responding to quesBonsAll members were involved, although there was some imbalance among members in presentaBon and responsesThere was a clear imbalance with at least one member contribuBng liZle to presentaBon and/or responsesThere was a clear imbalance with one member dominaBng in both presentaBon and responding to quesBons@!"#$%&'!/-I':'EFG)$2/-&,'H/&2)$'J@K'L'MMMMMMMMMNDCQ)2/8'P$/8'''''''''''''''''''N\\ 5