FINANCIAL CHOICE
client fact finder
FINANCIAL CHOICE
FINANCIAL CHOICE Page 1
Financial Choice Fact Finder Please complete as much of the following information as possible prior to your appointment with Financial Choice and Self Managed Super Institute. This allows us to provide you a more productive meeting and develop strategies that will assist you achieve your goals. In the space provided, please indicate date and time of appointment, and name of advisor.
Clients name(s):
Appointment: Date:
/
/
Time:
Advisor:
Categories of personal information we collect and hold The nature of personal information we collect, and where it comes from, will vary according to the specific service or product we provide to you and may include: • Fact finder document and application forms, with such personal information included though not limited to name, address, telephone number, occupation, assets and income • Your transactions, such as managed investment balances
Purposes of collecting your information We will only collect personal information necessary for the product/service. These purposes may include: • Understanding your needs and objectives to allow us to provide you advice; • Meeting legal and regulatory requirements • Responding to your enquiries about applications, accounts or services; and • Processing investment applications
Disclosures of your information We will provide your information to other professionals, such as lawyers, taxation accountants and the like with your written consent. We do not share your information with any companies without your consent. We will make your details available if required by law and will inform you if such an event occurs.
Contact us Should you wish to discuss concerns or obtain further information, contact The Privacy Officer, Financial Choice Pty Ltd, PO Box 115 North Ryde BC NSW 1670.
Complaints and disputes If you have reason to believe we have breached the Privacy Policies outlined in this document, we urge you to raise this with us. We will investigate all complaints and respond to you within 14 days. If we find a complaint justified, we will resolve it. This is your right under the Privacy Act.
Access You are entitled under the Privacy Act to access the information we hold about you. Please write to us at the above address.
More Details A more detailed privacy statement is available from our website www.financialchoice.com.au.
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder Personal Details Client
Partner
Title Surname Given name Prefered name Marital Status Date of birth
/
/
Age
/
/
Age
Residential or postal address
State
Postcode
Postcode
State
Country Contact Phone: Home:
Home:
Business:
Business:
Mobile:
Mobile:
Fax:
Fax:
Email:
Email:
Children (including any financial Name
dependents, ie parents) Relationship
Date of Birth
Financially Dependent
Dependent until age
Do any of your dependants suffer from a particular illness or have any disabilities?
Are any of your dependants engaged in Full-Time Study or receive government allowances (eg. youth allowance, aged pension)?
How did you hear about Financial Choice?
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder Employment Client
Partner
Occupation Employment Status
Income Details Gross salary/wages $
per annum
$
per annum
Business income $
per annum
$
per annum
Super Pension (type) $
per annum
$
per annum
Social Security (type) $
per annum
$
per annum
Investment Income $
per annum
$
per annum
Rental Income $
per annum
$
per annum
Other Income $
per annum
$
per annum
Total Income $
per annum
$
per annum
Superannuation Information Company/Fund/Comments
Amount in Fund
1.
$
2.
$
3.
$
4.
$
5.
$
Ownership
PLEASE NOTE: Please ensure you attach copies of superannuation statements, especially for defined benefit superannuation funds (CSS, PSS, SSS, SASS etc).
Comment For example: help with superannuation, redundancy, retirement, salary packaging, etc.
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder Assets (Please attach extra sheets if necessary) Asset
Value
Owner
Residence
$
Home Contents
$
Motor Vehicles(s)
$
Comments
$
Investment Properties (Please attach property schedules
from tax return)
Shares
$
Fixed Interest
$
Cash
$
Friendly Society Bonds
$
Life Insurance Bonds
$
Managed Investment Products Other (Caravan, boat, etc)
$ $
(non-income producing land)
Other
$
Other
$
Total Assets
$
Liabilities Liabilities
Owner Interest (Jnt/Client/Ptner) Rate
Debt
Home Loan
$
Motor Vehicle Loan
$
Personal Loan
$
Credit Cards
$
Investment loan
$
Other
$
Total Liabilities
$
Comments (Monthly repayments, P&I or Int only)
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder Other Commitments Commitment
Owner
Amount
School Fees
Comments
$
Maintenance/Alimony
$
Savings Plans/Life Insurance Premiums Other
$
Total Commitments
$
$
Do you anticipate any changes in your expenditure over the next 12 months?
Do you feel there is an opportunity to save any additional funds? If yes, please provide details of how much.
General Insurance Details
Type
Amount of Cover
Premium
Home $
$
Contents $
$
Motor Vehicles $
$
Company
Due Date
Personal Insurance Details (Life Insurance / Total and Permanent Disability / Trauma / Income Protection) Type of Cover (ie Life, TPD)
Owner
Person Insured
Amount Cover
Annual Premium
$
$
$
$
$
$
$
$
$
$
NOTE: If you wish to receive advice about personal insurance, you may need to make an “Insurance Only� appointment and additional details will be required before the appointment. In order to ensure appropriate time is allowed, please advise Financial Choice of this when booking your appointment. For income protection/temporary disablement cover, please provide details of any waiting period and benefit period if possible.
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder Risk Profile To be completed by both client and partner (C = Client, P = Partner). Below are questions to assist us to determine what type of strategies and investments may be appropriate in your circumstances. The questions focus on your income requirements, investment horizon (length of investing period) and attitude toward risk-reward. Please raise any questions with your advisor.
Section 1: Income requirements 1. Do you expect to be drawing an income from your investments? 30 C P 20 C P 10 C P 0C P
No, I expect all income generated from my investments to be reinvested Unsure, I doubt I will need access to the funds, but may use interest or dividends to supplement my current income Yes, I will draw an income from my investments but only for tax purposes or for discretionary spending Yes, I need to draw an income from my investments and I rely on the income to cover my living expenses
2. What income (not including capital growth) do you require your investments to produce? 30 C P 20 C P 10 C P 0C P
Zero. I can meet my expenses without dividends or other income from my portfolio. Some income to supplement what I currently receive (less than 3%) Reasonable income (e.g. to provide income for pension payments or investment loan costs) (between 3-5%) Significant income, as I will be reliant on the earnings the investments produce (6% or more)
Section 2: Timeframe for investing 3. What amount do you expect to withdraw from your capital for short term expenditure (within the next 2 years) e.g. for furniture, holidays, car. $ 4. After allowing for the above short term expenditure, and any ongoing income you may draw (e.g. pensions), when do you expect to require access to your invested funds for large capital expenditure (e.g. purchase a home, repay mortgage)? 30 20 10 0
C C C C
P P P P
Greater than 10 years Between 5 and 10 years 10 Between 2 and 5 year 0 Must retain full access to capital at all times.
5. Following from the previous question, assuming you were to access a lump sum from the capital, how much do you think you would require? 30 20 10 0
C C C C
P P P P
Less than 15% of the entire portfolio Between 15% and 35% Between 35% and 60% More than 60% of the entire portfolio
Section 3: Investment objectives and attitude to risk 6. In order to earn higher returns over time on average, you must bear more risk in your investments, i.e. have a greater chance of loss in any given period. How do you feel about the potential for losses?
40 C P 30 C P 10 C P 0C P
I invest for the long term and would accept losses due to short term market influences. I generally invest for the long term, but would have some concern with capital losses. If the income I received didn’t change, I would not be too concerned about capital losses in the short term. I can’t accept any losses in the capital value of my investment.
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder 7. Many Investors, while not losing capital value, lose purchasing power because their investments fail to keep up with inflation. With respect to your goals, which of the following is most correct? 30 C P 20 C P 10 C P 0C P
Over the longer term my investments should grow much faster than inflation. I am willing to accept significant risk to achieve this It is important that my investments grow quicker than inflation. I am willing to accept a higher level of risk It is important that my investments keep up with inflation. I am willing to accept some short term capital fluctuations I prefer stable investments even if they don’t keep up with inflation (i.e., suffer a fall in real terms)
8. Consider the following investments: Investment A has an average return of 5%, with minimal risk of losses in any year. Investment B has an average return of 10%, but the possibility of losing up to 40% in any given year. Which of these asset mixes would you choose to achieve your goals? 40 30 20 10 0
C C C C C
P P P P P
0% in Investment A and 100% 35% in Investment A and 65% 50% in Investment A and 50% 65% in Investment A and 35% 100% in Investment A and 0%
in in in in in
Investment Investment Investment Investment Investment
B B B B B
9. You purchase an investment that loses 25% in value in the first 50 C P 30 C P 10 C P 0C P
month. What do you do?
Buy more. It was a good investment at the original price; it’s an even better buy now. Wait it out. It will probably rebound Talk to your advisor you know shares fluctuate but a portfolio review might be worthwhile Sell it. You can’t afford to have your capital reduced.
Client Risk Assessment (Please Check Box) Points Counted for Client:
Points Counted for Partner:
Investor Profile Descriptions Cash and Fixed Interest only Client Partner You are solely concerned with the protection of capital and can accept no capital losses • 100% defensive (cash and fixed interest) assets. Less than 90 pts Conservative Client Partner As a ‘conservative’ investor, you are primarily concerned with the protection of capital. The aim of your investment portfolio is to produce income with an emphasis on minimal volatility. An indication of the asset allocation within your portfolio is as follows: • 70-85% defensive (cash and fixed interest) assets; and • 15-30% growth (shares and property) assets. Between 100 and 140 pts Moderately Conservative Client Partner As a ‘moderately conservative’ investor, your investment portfolio should have a strong focus on income with the expectation of minimal volatility and a modest level of capital growth over the medium to long-term. An indication of the asset allocation within your portfolio is as follows: • 55-70% defensive (cash and fixed interest) assets; and • 30-45% growth (shares and property) assets.
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder Between 150 and 190 pts Balanced Client Partner As a ‘balanced’ investor, the aim of your investment portfolio is to produce an appropriate mix of both income and capital growth over the medium to long term. You should be prepared to accept moderate fluctuations in the value of your portfolio. An indication of the asset allocation within your portfolio is as follows: • 35-55% defensive (cash and fixed interest) assets; and • 45-65% growth (shares and property) assets. Between 200 and 240 pts Assertive Client Partner As an ‘assertive’ investor, your investment portfolio has an emphasis on growth in asset value rather than generating income. You should be prepared to accept volatility within your portfolio. An indication of the asset allocation within your portfolio is as follows: • 14-35% defensive (cash and fixed interest) assets; and • 65-86% growth (shares and property) assets. Over 250 pts Aggressive
Client Partner
As an ‘aggressive’ investor, your investment portfolio has a strong emphasis on growth in the capital value of your portfolio, with no focus on income generation. You should be prepared to accept high level of volatility within your portfolio. An indication of the asset allocation within your portfolio is as follows:
• 0-14% defensive (cash and fixed interest) assets; and. • 86-100% growth (shares and property) assets.
Client’s Risk Profile
Cash & Fixed Interest only Conservative Moderately Conservative Balanced Assertive Aggressive
Financial Choice Notes Discussion about risk profiling, client(s) investment time frame and objectives.
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder Estate
Do you have a current will(s)? Date of Will
Client
Partner
Yes No
Yes No
/
/
/
/
Does your will offer beneficiaries the option of using a discretionary testamentary trust?
Yes No
Yes No
Have you put in place an Enduring Power of Attorney?
Yes No
Yes No
Professional Advisors Name
Phone
Firm
Accountant Solicitor Stockbroker
Entity Details Do you have an ownership/beneficiary interest in any Trusts, Private Companies or Self Managed Super Funds? Yes No If yes, give details:
Company Details Company Name Directors /
Name
Director/Shareholder
Description of Shares
Shareholders
Family Trust Details Trust Name Trustees Beneficiaries: Name
Date of Birth (If minor)
Distribution
/
/
$
/
/
$
/
/
$
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder Self Managed Superannuation Details Members Accounts: Superannuation Fund Name Trustees Members Accounts: Name
Member Status
Account Balance
As at Date
$
/
/
$
/
/
$
/
/
$
/
/
Does Financial Choice provide ongoing administration for your superannuation fund? Yes No Your Account Manager is (Financial Choice Account Manager) If no: Who undertakes the administration and accounting work for your superannuation fund?
Does Financial Choice provide Investment Advice for your superannuation fund? Yes No Your Investment Adviser is (Financial Choice Account Manager) If no: Who provides the investment advice and portfolio management services for your superannuation fund?
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder Objectives Financial Objectives (eg a Holiday, purchase of a motor vehicle, home purchase, renovations, repay mortgage, savings plan, travel, start a family, change jobs, etc.) Time Span (in years)
Objective
Estimated amount required $ $ $ $ $ $ $
Financial Goals These are goals you wish to achieve from your financial strategies. It is the attainment of these goals that will enable you to achieve your lifestyle goals. Which of the following do you wish to achieve from your financial strategies? Client: I anticipate retiring
Partner: I anticipate retiring
Generate an after tax income of $ pa to cover your estimated living expenses
Achieve capital growth over the longer term at least in line with the rate of inflation so that your current standard of living will continue If eligible, to access Centrelink benefits Accumulate wealth over the coming years in order to have sufficient funds to satisfy your future lifestyle needs Have the flexibility to alter your portfolio should your circumstances or financial objectives change or if there are changes in economic conditions or relevant legislation Legally minimize tax while remaining within your risk profile Accumulate retirement assets through future superannuation contributions Have access to some of your funds in case of unexpected or emergencies I am prepared to borrow for Investment up to $ Other:
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder Client Declaration I/we confirm that the limited details provided to Financial Choice for the objective that has been stated are correct and current at this time. I/we do not require Financial Choice to make any investigation or recommendation in relation to any other financial affairs and I/we understand that any strategy or recommendation made by Financial Choice will be based on the limited details provided to them. I/we acknowledge that the selection of specific products to implement the strategies recommended is my/our choice or I/we will seek assistance from the individual organization to which Financial Choice has referred me/us. I/we confirm that I/we am/are seeking only limited advice. I/we do not require Financial Choice to make any investigation or recommendation in relation to any other of my/our financial affairs and I/we understand that any strategy or recommendation made by Financial Choice will be based on the details I/we have provided.
I/we confirm that before I/we proceed with the implementation of any strategy or recommendation I/we will carefully assess the appropriateness of the recommendation in light of my/our individual investment objectives, financial situation and particular needs. I/we understand Financial Choice can provide strategies and recommendation in their capacity the holder of an Australian Financial Services Licence. The capacity in which Financial Choice acts has been clearly explained to me. I/we have read and understood the Financial Services Guide dated 8 April 2008, and the relevant advisor fee schedule prior to obtaining financial advice from Financial Choice. To view a copy of the Financial Services Guide please visit our forms section on our website www.financialchoice.com.au Before completing/sending this form, please ensure you have arranged an appointment with Financial Choice. Forward completed forms to PO Box 115 North Ryde BC NSW 1670, or fax to 02 9870 7556. If sending by email, address to admin@financialchoice.com.au. Important information about your risk profile • It is essential that you review your profile carefully to ensure that it reflects your attitude to investment. If it does not, you must bring this to the attention of Self Managed Super Institute. You should also consider whether your response to the questions do in fact reflect your attitude. It is important that you answer the questions as accurately as possible. • The risk profile is only indicative of your overall attitude to investment. It is always important to consider the appropriateness of an investment to your circumstances prior to proceeding. • 0Your risk profile may change over time and should be reviewed before making investment decisions in the future. I declare that I am comfortable with the risk profile that I have been assigned and I understand that this will be used to assist Self Managed Super Institute in determining an appropriate financial strategy for me. Client name
Partner
Client signature
Partner
Adviser name
Adviser signature
Date
/
/
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925
FINANCIAL CHOICE
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Financial Choice Fact Finder Information Release Form This form will only give us authority to obtain information on your existing superannuation and/or managed funds in order to provide advice regarding the appropriateness of these products. Banking account details can not be requested under this authority. I, Date of Birth
/
/
of Fund Account Number: request that all relevant information on my superannuation or other financial information be released to Financial Choice AFSL 292925 for the sole purpose of preparation of financial planning services for the aforementioned client.
Adviser’s name
Analyst’s name:
Advisor’s signature
Analyst’s signature:
The advisory’s address and contact number are as follows: Financial Choice PO Box 115 North Ryde BC NSW 1670 Phone: 1300 664 118 Thank you
Client Signature Date:
/
/
Financial Choice Pty Ltd ABN 58 060 562 969 is a Corporate Authorised Representative of Self-Managed Super Institute Pty Limited ABN 82 084 204 035 Australian Financial Services Licence 292925