Review the Plan
Gather Client Information
Implement
Step 3
Step 4
Prepare Written Recommendation
Consider different strategies and options that will enable you to meet your identified goals. These will be presented as written recommendations.
What are the steps?
Present Advice and Client Agreement
Present the written recommendations and explain how these fit your needs. Your financial adviser will also explain any risks and costs associated with the recommended strategy.
Collect detailed personal information from you relating to your current financial situation.
Step 1
Review your plan periodcally to make sure your situation or needs have not significantly changed.
Step 6
Help you to identify your future goals and sensitivity to different levels of risk. This includes your investment risk as well as your need for risk protection insurance.
Step 2
What should your financial adviser do?
Step 7
Issue Disclosure Statement
Step 5
Conduct Needs Analysis
