Investment Planning Suitability Report Sample

Page 1

Investment planning report

Prepared for: Mrs Diane Howard By: Mr Martin Jones Cert PFS Senior Financial Planner

Sensational financial advice limited


Contents 1 1.1 1.2 1.3 1.4 1.5 1.6

Introduction to Advice ................................................................................................................................ 2 About Sensational Financial Advice Limited ....................................................................................................................... 2 Background to our Meeting ...................................................................................................................................................... 2 Agreed Objectives & Priorities ................................................................................................................................................. 2 Other Potential Needs we Discussed .................................................................................................................................... 2 Current Personal and Financial Circumstances.................................................................................................................. 2 Summary of Advice....................................................................................................................................................................... 2

2 2.1

2.3 2.4 2.5 2.6 2.7 2.8 2.9

Investment Advice ....................................................................................................................................... 3 Existing Investment Product Advice....................................................................................................................................... 3 2.1.1 XYZ - Stocks and Shares ISA Plan Number: XYZ-128654 .................................................................................. 3 New Investment Product Advice ............................................................................................................................................. 4 2.2.1 Fictitious Investment Solutions - Stocks and Shares ISA .................................................................................... 4 Attitude to Investment Risk ....................................................................................................................................................... 5 Investment Strategy ..................................................................................................................................................................... 6 Funds Recommendation............................................................................................................................................................. 6 Asset Class (Sector) Split............................................................................................................................................................. 7 Platform recommendation......................................................................................................................................................... 7 Charges .............................................................................................................................................................................................. 8 Risk Warnings ................................................................................................................................................................................. 8

3 3.1 3.2

Planning Ahead ............................................................................................................................................ 9 Your Will ............................................................................................................................................................................................ 9 Power of Attorney ......................................................................................................................................................................... 9

4 4.1 4.2 4.3 4.4 4.5

Important Information .............................................................................................................................. 10 Cost of our Services .................................................................................................................................................................... 10 Regular Review ............................................................................................................................................................................. 10 Your Rights ..................................................................................................................................................................................... 11 Budget and Affordability .......................................................................................................................................................... 11 What Happens Next ................................................................................................................................................................... 11

2.2

Appendix A - Glossary of Terms ......................................................................................................................... 12 Appendix B - Attitude to Risk Definitions ........................................................................................................ 15 Appendix C - Summary of your Current Personal and Financial Circumstances ........................................ 16

Financial Review - Page 1


1 Introduction to Advice 1.1 About Sensational Financial Advice Limited Sensational Financial Advice Limited is a firm of independent financial advisers, based in Newcastle Upon Tyne. We have been providing financial planning solutions for our clients since 1992 and established a loyal and dedicated client bank. Our team consists of 8 financial planners, all of whom have achieved the Diploma in Financial Planning, and are backed up by a dedicated and professional team of support staff. We aim to act fairly and impartially at all times and to communicate with you in a jargon-free, easy to understand manner. We aim to provide you with top quality advice and to treat you fairly in all matters. 1.2 Background to our Meeting Your accountant, Philip Rogers suggested we contact you to offer you advice. The following documents have already been provided to you or are enclosed with this report. You should ensure that you read the documents as they contain important information.   

Terms of Business issued on 16/12/201X. Key Facts about our services issued on 16/12/201X. Key Facts about our services and costs issued on 16/12/201X.

1.3 Agreed Objectives & Priorities I have undertaken an analysis of your needs and requirements and have made a recommendation on the basis of the information you have provided. On this occasion and as was agreed, my advice has been limited to the following financial planning areas which are listed in order of priority. If in the future you would like my advice on any other matter please do contact me.

1

Invest a lump sum of money  You are not investing for anything specific or any particular event.  Nam ut arcu maximus, elementum tellus ac, aliquam metus..  In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Usu ad vivendo dissentiet. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae.

1.4 Other Potential Needs we Discussed Areas we discussed and we agreed to defer until later The following were areas that we discussed as being less important and could be addressed later:  Commencing regular contributions to a pension plan to help provide for your retirement. I have made a diary note to call you in 6 months’ time. I would also ask you to bear in mind that you could lose out financially by deferring action in these areas until later. I agreed to address this later because you have some planned expenditure on the house and would like some time to consider your options. 1.5 Current Personal and Financial Circumstances A summary of your personal and financial circumstances are contained in the appendices of this report. 1.6 Summary of Advice I have analysed the products available in the market in terms of charges and features and compared these to your needs. I have come to the conclusion that you should invest some of your unused ISA allowance for this tax year and transfer your existing XYZ ISA to Fictitious Investment Solutions and combine with ongoing reviews from Sensational Financial Advice Limited.

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2 Investment Advice 2.1 Existing Investment Product Advice As part of my advice I have reviewed the following plan: 2.1.1 XYZ - Stocks and Shares ISA Plan Number: XYZ-128654 My recommendation is to surrender the plan and re-invest the proceeds with Fictitious Investment Solutions. Plan Owner

Mrs Diane Howard

Date of Inception

09/08/2006

Original Investment Amount

£38,600.00

Current Regular Investment Amount

Nil monthly

Current Fund Value

£33,455.00

Illustration Reference

JUP/Trans/W12H6444

Sale of funds I recommend that you sell your XYZ investment, a summary of charges and amounts is shown below. As your existing funds are not available with the new provider, I will arrange for you to sell your existing investments and pay the proceeds directly to the new provider who will invest in the new funds selected. Sale Amount

£33,455.00

Charge on Sale

£0.00

Note: The figures shown above are total amounts and they may vary depending on when transactions take place.

Please note that there is a danger that market values may rise during the time that the money is not invested and you will not benefit from any such rise. Reasons for my recommendations Based on my research and the information that you have supplied, I believe that your existing plan is no longer suitable to your needs for the following reasons:  We agreed the performance of your existing funds was unacceptable and that you are looking to achieve a better rate in line with your attitude to risk.  Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum.  Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque.  Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. Potential disadvantages There are potential consequences, disadvantages and downsides to this recommendation of which you should be aware:  There is no guarantee any new funds I have recommended as part of this review will perform any better than your existing funds.  Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. Et nec etiam tritani, mei indoctum posidonium ex.

Financial Review - Page 3


Overall cost comparison As part of the advice process I have discussed Reduction in Yield (RIY) figures and I have made you aware of how the proposed scheme compares with the existing scheme. I have summarised the information below as a reminder: Illustrative Growth Rate

Existing Scheme RIY

Proposed Scheme RIY

7%

2.4%

2.1%

Full reference information for the above is contained within illustration ref: JUP/Trans/W12H6444 This shows that the proposed scheme is showing a lower RIY and is therefore in terms of charges better value for money. However, although this is an important factor it still has to be balanced with the rest of my advice and your objectives. 2.2 New Investment Product Advice 2.2.1 Fictitious Investment Solutions - Stocks and Shares ISA Mrs Diane Howard

Plan Owner

This section should be read in conjunction with the following documents that contain further detailed information about the recommended plan.   

Illustration reference FIS170104112233 enclosed with this report. Key Investor Information Document provided to you previously. Key Features Document provided to you previously.

Capital investment Lump Sum Investment Amount

£40,000.00

Regular Investment Amount

£100.00 monthly

Investment Period

There is no specific investment period although it would be a minimum of 5 years. 5

Why this amount? We agreed that this amount was affordable and forms part of a wider investment strategy. It includes the transfer from XYZ together with some additional funds of £6,545 and a regular contribution which are still within your ISA allowance for this year. Source of investment Name

Company

Product

Policy/Acc No.

Amount

Mrs Diane Howard

XYZ

Stocks & Shares ISA

XY-128654

£33,455.00

Mrs Diane Howard

ABC

Bank Deposit

AB-126TT

£6,545.00

Note: The £100 per month will be paid from your account with the Greendale Building Society.

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Product recommendation Product

Stocks and Shares ISA

I have shown the reasons for my recommendation below:  It provides for capital growth only as you do not need to take any income from the investment at the present time.  Eam ei libris vidisse ceteros, duo ancillae conceptam ne.  His quas eruditi ex, nec cu ferri ceteros expetendis.  Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae.  Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam.  In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei. Potential disadvantages Although I believe my advice to be suitable for your requirements I need to point out the following:  This investment is not without charge and you should read the provider literature carefully so you are familiar with the associated costs.  Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque.  Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam.  Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. Cancellation You have a period of 30 days in which you can review and consider your options. You should check the provider literature to confirm the date that this period commences and any charges that may apply following cancellation and (where applicable) the method of exercising your rights. 2.3 Attitude to Investment Risk Risk is relevant to an individual’s personal circumstances and all investments carry risk. For example, a cash deposit carries the risk that the return will not keep pace with inflation, whereas an equity investment carries the risk of a reduction in capital when prices fall. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his. You will recall we discussed your attitude to investment risk in this area of financial planning, being the amount of risk you are prepared to take in order to meet your financial objectives. I can confirm that my recommendations are a suitable match to your ‘risk profile’, which I have recorded as: Moderately Speculative By adopting this strategy you are prepared to place your investment at a significant risk of loss in return for the potential of high rewards. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. Financial Review - Page 5


Capacity for loss Having established your attitude to investment risk i.e. the risk you are willing to take, it would be a mistake not to consider your capacity for loss i.e. Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei.  Your overall wealth is such that losing some or all of this investment will not affect your standard of living and therefore I am comfortable that your agreed risk profile and my recommendation is aligned with your circumstances and indeed capacity for loss.  Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. You should note that the key features together with the risk warning sections of this report contain other relevant risks that you should familiarise yourself with. 2.4 Investment Strategy I am recommending the following investment strategy: I am recommending a balanced spread across the major asset classes of equities, property, fixed interest securities and cash, commensurate with your attitude to investment risk. Selected funds have been recommended because diversifying your investments spreads your investment risk. The approach is simple, where the strategy is straightforward and not overly complicated. Investing in non-mainstream investments is not something that appeals. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. Et nec etiam tritani, mei indoctum posidonium ex. My recommendations include using a Cash Account. This is designed to allow you to hold money destined for investment on the platform. It removes much of the back office administration associated with managing cash. The Cash Account is also used to facilitate all charges and fees on the platform. 2.5 Funds Recommendation I recommend you invest in the following portfolio: Portfolio Name

Sensational Managers - Adventurous Portfolio

Benchmark: APCIMS - Medium The key strategy with this fund is to high growth with a balanced risk. The funds held in this portfolio invest in European Equity, Japanese Equity, Conventional Gilts, Index-Linked Gilts, Corporate Bonds and Cash. Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo.

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Fund

Split

TER

Henderson Cash

10.00%

0.70%

Aberdeen Corporate Bonds

10.00%

1.20%

M&G Gilts

20.00%

1.40%

Henderson Equities

15.00%

2.15%

M&G Equites

15.00%

2.10%

Aberdeen Japan

29.00%

1.70%

1.00%

1.69%

Aberdeen Japan 2 2.6 Asset Class (Sector) Split Sector

Split

Cash

10.00%

Corporate Bonds

10.00%

Gilts

10.00%

European Equities

30.00%

Japanese Equities

40.00%

2.7 Platform recommendation Platform

Fictitious Investment Solutions

Having researched the market place I have recommended this particular platform for the following reasons:  It is part of a strategy to move your investments to one administrative platform.  Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei.  Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque.

Financial Review - Page 7


2.8 Charges The following table displays the breakdown of charges for the plan I have recommended to you. Plan Details

Charges Initial Charges

Fictitious Investment Solutions Stocks and Shares ISA

Adviser Fund Product Platform DFM

Mrs Diane Howard

Annual Charges

£41,200.00

Adviser Fund Product Platform DFM

2.00% 0.20% 0.50% 0.30% 0%

£824.00 £82.40 £206.00 £123.60 £0.00 £1,236.00

0.75% 0% 0% 0.10% 0%

£309.00 £0.00 £0.00 £41.20 £0.00 £350.20

Further information on charges can be found in the Cost of our Services section. 2.9 Risk Warnings In addition to the risks shown below, please read the provider product information carefully. This information is provided for guidance and is not designed to be a definitive list or comprehensive guide Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei.The illustrations, including the rates of investment growth shown, are intended as a guide only, they are not guaranteed nor are they intended to be either minimums or maximums.  The effect of inflation can erode the future value of investments. All such arrangements should therefore be regularly reviewed, to ensure they are on target to meet your financial objectives.  Lorem ipsum dolor sit amet, vis epicuri periculis ut, discere admodum et sit.  Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id.  His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his.  Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam.  Mei an albucius delectus, an vim congue impedit. In putent quaestio consequat per.  Aliquam mediocritatem ei eos, ad liber iudico rationibus mei.  Et nec etiam tritani, mei indoctum posidonium ex.  Mei an albucius delectus, an vim congue impedit. In putent quaestio consequat per..  Eam ei libris vidisse ceteros, duo ancillae conceptam ne.  Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque.

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3 Planning Ahead 3.1 Your Will My understanding is that you currently have a Will and it is up-to-date. It is important that revisions are made whenever your intentions or circumstances change. There are often tax planning advantages from writing a Will thus ensuring that as much as possible of your estate goes to those intended. 3.2 Power of Attorney As part of your overall financial planning I recommend you instruct your solicitor to draft a lasting power of attorney. This will enable a person or someone nominated by you to control your financial affairs should you become incapable of doing so yourself.

Financial Review - Page 9


4 Important Information 4.1 Cost of our Services We have previously agreed that you will pay a fee for our services. This is set out within our written Fee Agreement with you and summarised below: Amount Advice fee based on 2% of the initial investment amount

ÂŁ800.00 Total

ÂŁ800.00

We agreed that our fee will be charged to your investment and that the provider will facilitate payments to us. Because this payment is facilitated through the product provider please bear in mind that deductions made will reduce the amount left for investment. Payment for ongoing services We have agreed to provide an ongoing service to help ensure that our personal recommendations remain suitable for any changes in your circumstances and objectives over time. Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his. Right to cancel You may cancel any service agreement you have with us at any time, Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. This right to cancel should not be confused with any right to cancel offered by a third party product provider. Additional notes With regard to our ongoing services we have agreed that you will be categorised as 'Platinum', our supporting literature has further information on the benefits. Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. VAT is not chargeable on the above fees. 4.2 Regular Review The advice contained in this report is not a one-off; you will need to reassess your situation regularly. We have therefore agreed to provide you with a regular review as detailed within our service proposition. The next review is planned for 12 months from now. This will be a face-to-face meeting. Remember, if your plans are not monitored sufficiently, you run the risk of losing out financially.

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4.3 Your Rights Whilst we place a great emphasis on the quality of the service provided and hope you will be more than happy with our recommendations, should you be unhappy with any aspect of the service, you have certain rights as a retail client under the Financial Services and Markets Act 2000 and other legislation. Lorem ipsum dolor sit amet, vis epicuri periculis ut, discere admodum et sit. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. 4.4 Budget and Affordability We established that you currently have sufficient capital funds available immediately or at short notice with which to meet any foreseeable emergency. Lorem ipsum dolor sit amet, vis epicuri periculis ut, discere admodum et sit. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. 4.5 What Happens Next I would advise that based on the information that you have provided and your circumstances everything appears to be in order and I confirm that your Fictitious Investment Solutions application has been forwarded to them for processing.

Financial Review - Page 11


Appendix A - Glossary of Terms Investment Advice Annual Exempt Amount (AEA) Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei. Annual Management Charge (AMC) In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. Capital Gains Tax (CGT) Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. Et nec etiam tritani, mei indoctum posidonium ex. Aliquam mediocritatem ei eos, ad liber iudico rationibus mei. Eam ei libris vidisse ceteros, duo ancillae conceptam ne. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. Chargeable Gain Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Corporate Bond His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his. Fund Supermarket In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. Gilt Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. Et nec etiam tritani, mei indoctum posidonium ex. In specie Transfer Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Individual Savings Accounts (ISAs) Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei. Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam.

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Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Eam ei libris vidisse ceteros, duo ancillae conceptam ne. Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Investment (Insurance) Bond His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his. Investment Trust Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei. Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. Junior ISA His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. Et nec etiam tritani, mei indoctum posidonium ex. Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. The Key Investor Information Document (KIID) Lorem ipsum dolor sit amet, vis epicuri periculis ut, discere admodum et sit. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei. Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. Lifetime ISA Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei. Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum. National Savings Certificates His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Financial Review - Page 13


OEIC His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. Offshore Bond Lorem ipsum dolor sit amet, vis epicuri periculis ut, discere admodum et sit. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. Personal Equity Plan (PEP) Mei an albucius delectus, an vim congue impedit. In putent quaestio consequat per. Aliquam mediocritatem ei eos, ad liber iudico rationibus mei. Reduction in Yield (RIY) Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei. Re-registration Aliquam mediocritatem ei eos, ad liber iudico rationibus mei. Et nec etiam tritani, mei indoctum posidonium ex. Eam ei libris vidisse ceteros, duo ancillae conceptam ne. Total Expense Ratio (TER) Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei. Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. Unit Trust Lorem ipsum dolor sit amet, vis epicuri periculis ut, discere admodum et sit. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. Mei an albucius delectus, an vim congue impedit. In putent quaestio consequat per. Wrap Account Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei.

Sensational financial advice limited


Appendix B - Attitude to Risk Definitions Risk Averse You prefer security of capital and investments that do not fluctuate in value. Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei. Low Risk You are willing to consider alternative investment vehicles to deposit based accounts, with a view to improving returns. Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. His quas eruditi ex, nec cu ferri ceteros expetendis. Low to Moderate By adopting this strategy His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Moderate By adopting this strategy Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. Ne sumo essent tritani sea, nec ridens hendrerit et, sanctus pericula argumentum vix id. Et nec etiam tritani, mei indoctum posidonium ex. Moderately Speculative By adopting this strategy Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei. Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. Speculative By adopting this strategy In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Highly Speculative By adopting this strategy Mei an albucius delectus, an vim congue impedit. In putent quaestio consequat per. Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam.

Financial Review - Page 15


Appendix C - Summary of your Current Personal and Financial Circumstances Marital Status

Widowed

Occupation

Office Manager

Age

55

Number of Dependants

None

Total Gross Earnings

£29,000.00

Want to Retire at Age

60

Up to date Will

Yes

Total Life Cover

£40,000.00

Total Critical Illness Cover

£0.00

Income Protected

No

Net monthly disposable income

£435.00

Total Monthly Expenditure

£1,400.00

Total Value of Money on Deposit

£26,000.00

Total Value of Investments

£88,000.00

Member of Employer’s Pension Scheme

No

Total Value of Existing Pension Funds

£73,670.00

Residential Status

Home Owner

Property Value

£315,000.00

Outstanding Mortgage

None

Total Value of other Loans and Debts

£0.00

Total Monthly Repayment of other Loans & Debts

£0.00

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JS/DH/003 Mrs Diane Howard 55 Oxley Road Blaydon Newcastle Upon Tyne NE33 7RT 18 January 201X Dear Diane RE: Investment Planning Report Thank you for your hospitality again last Tuesday. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Usu ad vivendo dissentiet. Fuisset insolens quaestio cu mel. Ut habeo eruditi abhorreant eos. Et quo equidem assueverit. Ei omnes urbanitas conceptam duo, eu ius integre assueverit, duo ad saperet conclusionemque. His quas eruditi ex, nec cu ferri ceteros expetendis. Eu cum dignissim urbanitas, vis nisl praesent in, quot suavitate democritum ex his. There are broadly two types of advice in the market place ‘Independent’ or ‘Restricted’. Independent advice is unbiased and unrestricted, and based on a comprehensive and fair analysis of the relevant market. Advice that is not independent is labelled as ‘Restricted Advice’; for example, advice on a limited range of products or providers. The advice type that we offer is Independent. Risk warnings and other important information Our recommendation is not without risk; we would therefore ask that you read our report Atqui pertinax usu te, falli novum vis id, et altera dolorum eam. In ornatus recteque torquatos eum, no primis habemus pri, natum tritani ei quo. Verterem detraxit ad usu, eu eos probatus antiopam petentium. Est tation tempor temporibus in, labore senserit sed id, ne sit eripuit propriae. In nostrud graecis admodum eam. Mel quot omnis no, scripta aperiri blandit ne eam, aliquam fabulas oportere pri ei. Lorem aeque zril vis te. Eu modo percipit luptatum ius, duo maiorum civibus probatus at, error civibus laboramus et eum. Congue impetus aperiri ut cum, eu pro nullam timeam eleifend, ad etiam vitae dolorem nam. Per liber graeco tritani ei. Graeco patrioque mnesarchum id nam. I look forward to speaking to you again in the near future and may I take this opportunity to thank you for allowing me to assist you with your financial planning. We look forward to being of service to you for many years ahead. Yours sincerely

Mr Martin Jones Cert PFS Senior Financial Planner Sensational Financial Advice Limited


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