An adjustable golf club including a shaft and hosel assembly allows for dependent and independent adjustment of a golf club's face angle, loft angle, and lie angle. The adjustable shaft and hosel assembly comprises a shaft sleeve, a hosel portion, and at least one tubular adjustment piece having non-parallel upper and lower surfaces, wherein the shaft sleeve, hosel, and tubular adjustment piece each include markings that combine to form a code that correlates to a unique angular setting and is readable by an electronic device. The adjustable golf club may also comprise an audible feedback system including an indexing ring that interacts with indexing features in the tubular adjustment piece.