Half Past Nine
Client reviews
Health
Affordability
Legislation changes
Fund performance
Portfolio rebalancing
Change in personal circumstances
State benefits rule changes
Taxation rule changes
Need for capital
Income requirements
New product introduction
Extra money to invest
RAPPORT RAKI
Benefits of a financial adviser
Recommendations
Analysis
Protection
Peace of Mind
Ongoing reviews
Research
Tax Planning
Risk (ATR)
Affordability
Knowledge
Identifying Suitable Products
PASTE TWIG
Insurance
Product
Assured
Sum
Term
Extras
Trusts
Waiver of Premiums
Indexation
Guaranteed Periods
PATHETIC WINE
Fact Finding
Pension Benefits
Affordability
Taxation
Health
Emergency Fund
Trusts
ISA & NS&I
CPL
Wills
Inheritance
Nominations
Ethical Considerations
SMART P
Fact Finding Add-on
Specific
Measurable
Achievable
Realistic
Timeframe
Prioritised
FAR PIPR
Financial Planning Process
Fact Finding
Analysis
Recommend
Present
Implement
Report
Review (Ongoing)
VIC CEDAR
Compliance
Vulnerabilities
Information Clear (No Jargon)
Communication Tailored
Clear Benefits and Drawbacks
Enough Information (Decision)
Documentation (ID & Reports)
Avoid Pressure
Review and Ongoing Support
SWIPED FUNDING CREPT
State Benefits/Pension
Willingness to transfer assets
Income/employment
Performance
Expenditure
Debt/mortgage
Financial Protection/Wills/LPAs
Use of allowances
Nominations
Detail of existing policies
Inheritances/downsizing
Need for income in retirement
Gifts – amount, timescales, previous gifts made
Charges
Risk ATR/CFL
Emergency Fund
Priority of objectives
Timescales
ATHLETE V CORPLEC
ATR
Timescales – how long is it for?
Health
Liabilities/Assets
Emergency Fund
Tax – Income Tax, CGT and IHT
ESG
Vulnerability
Capacity for loss
Objectives – what does the client want to achieve?
Risks
Performance
Liquidity
Experience of investor
Costs/charges
Style of management – tracker? DFM? Actively managed fund?
PACIFRAL
Personal circumstances changes e.g., health
Allowances – use of allowances
Charges
Income, expenditure changes
Funds – Performance/Rebalance/Asset Allocation/ESG views
Risk – ATR/CFL
Achieved objectives
Legislation/Tax/New products/Economic conditions
A – Allowances – Have they used their ISA allowance?/did they maximise pension contributions? – how was the inheritance invested?
A – Achieved objectives – Did they purchase the new house, sell their house? Was a loan taken out or investments used ?
