Review and Monitor

Question 1

This step involves a periodic review of the client’s circumstances, investments and plans

Answer 1

review and monitor

Question 2

A record of conversations and interactions with and behalf of a client. This captures issues and objectives, details of discussions, decisions made and actions taken or agreed.

Answer 2

File Note

Question 3

After the implementation is complete, we need to audit the client’s files to make sure that all the relevant paperwork, docs, etc. are completed and filed

Answer 3

Audit client files

Question 4

This gives one insight into how well one’s invested money performed. You can also view your balance, transactions details, etc in this report. The frequency of the report preparation depends on the discussion with the client and their preference.

Answer 4

Portfolio report

Question 5

It discloses info about the previous 12 mons of the planner and client’s ongoing fee arrangement. An ongoing fee arrangement exists where a client is being charged an ongoing fee of more than 12 mons.

Answer 5

Fee disclosure statements (FDS)

Question 6

Process of review and monitor

Answer 6

1. Review client’s needs
2. make decisions whether or not to alter investments
3. Assess current position of investments
4. Review financial and investment strategies
5. Corporate best vs. current portfolio
6. Determine today’s best portfolio