The Client's Current Circumstances Flashcards Preview

5. Client Advice > The Client's Current Circumstances > Flashcards

Flashcards in The Client's Current Circumstances Deck (3)
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Client Fact-Finds

Hard Facts
- personal info (address, NI, marital)
- financial info (income, investments, liabilities)

Soft facts
- face to face open ended questions from adviser
- understand their aspirations and risk profile

There are NO regulatory requirements of a fact find


Letters of Authority

Clients may not know details for a fact-find

therefore the client authorises third parties (e.g pension provider)to provide Letters of Authority


Identifying the factors which shaped a client's circumstances

The fact find shows the clients current circumstances, attitude to risk and goals however these are ‘shaped by experience’

Questioning a client about ‘satisfaction’ (with life and finances) can add more to the picture.

Helps target priorities and guide on suitable investments based from ethical views.