Any guidance thanks

Just wondering how you all "sense check" your own reports. I'm always conscious that because of the volume of reports I do that the likelihood of a mistake popping up during the original draft is fairly reasonable. But I find that reading my own report back it can be hard sometimes to notice where errors may lie.

Thanks in advance!

Any help greatly appreciated!

I wondered if you could provide some tips/advice.

I have been a level 4 paraplanner for a while (c. 5 years) at smaller IFA practices, i am soon joining a large wealth management company and i wondered if you had any tips for starting a new role and what to expect.

for reference my previous firms was 1 adviser and 2 paraplanners and going forward it will be on a much bigger scale.

I will be undertaking my chartered exams shortly and I am looking forward to developing more.

Look forward to some replies!

I'm interested if anyone has a set outlined processes on specifically
a) how they go about writing the report
b) checking a new file after handover

Thanks
Laura

We are currently looking into moving clients from their current funds in platforms (Advisory) into a DFM

Just a general question to see if anyone has any knowledge of any tools/spreadsheets that would enable us to show the clients current funds they are in OCF's and compare them with the DFM's OCF's to show the overall increase/decrease in OCF's to make it easier for advisors to do the calculations as they are recommending the DFM

Any advice and guidance will be greatly appreciated

Thanks

Client is impacted by the TPAA. He has been making workplace pension contributions, not via salary sacrifice. For the purpose of calculating his reduced (tapered) pension allowance, do you include his employee workplace pension contributions as at the 'due date' (generally the payroll date) or the date the contribution is received by the scheme/provider?

In addition to my sketchy knowledge on bonds (thanks everyone for their help and input on that one!), I've also not done much in the way of fund selection. I've done a fair amount of research on clients' existing holdings and how they would compare to another portfolio, but I've been given this brief, and, to be completely honest, I have no idea where to start:

"I’d like to put together an advice record for £350k of cash held within his FPI portfolio bond which is held within his Malta QROPS, perhaps split between 3 low-cost ETFs"

I have another client looking for low cost ESG investments too.

I lost my fund research guru last year and I used to lean heavily on him for this sort of work as it's his strength and he enjoyed it, and now I need to find a way of learning how to do this myself.

I have access to FE analytics but I feel it's a case of "all the gear but no idea!"

Any tips/suggestions, and resources to refer to would be massively appreciated!

I would input the ceding scheme details etc, then go to Product Features where I would choose the appropriate filters, then next screen I would tick ALL PROVIDERS AND ALL Products for the analysis.

This will then run the analysis and bring up all providers using their default funds (which to me isn't correct for the purpose of the analysis). So for example, Aegon, Fidelity and Canada Life maybe above Royal London who are 4th (as an example). The recommended provider I would go with is Royal London, therefore just completely ignoring the first 3.

However, does anyone run based on the investment selection first? therefore when getting to the analysis, this would only bring up the providers who offer that investment selection?

Many Thanks

Colin

I am reviewing our Drawdown/Retirement Process and am looking for resources to explain the options open to clients. Ideally a booklet/link/video that can be provided to clients as an 'education' piece at the start of the advice process. I have done some research myself, but am interested to see what others are doing and what works well in practice.

Do you find a particular resource good?
Do you use an external, independent source for this (e.g. MAS)?
Have you formulated a bespoke document?
Do you ask clients to sign to confirm that they have received, read and understood the material provided?

Thanks in advance,

Caroline

Does anyone else do this within their reports or recommend any sites that I can get some inspiration?

Thanks in advance!

thanks in advance

We are reviewing how to compare different portfolio/funds within our CIP. Do you have any suggestions for which multiple criteria we could use such as Volatility/peak to trough/OCF/past performance etc? Are these suitable or are there others that we should be considering?

What benchmarks have you been using against your different levels in your CIP? We have a range of 6 risk profiles.

Any of your thoughts would be appreciated.

Thanks

Lizzi

I have an adviser that is looking to use small pots by transferring the clients plans c. £120k to OMW and then taking £30k as a small pot.

It is my understanding that Small Pots is £10k per pot (max 3) and that they must fully drain the arrangement – am I missing something? Are you aware of any loophole with OMW in particular?

Thanks for any help you can give!

I am the first in-house paraplanner at my current firm and am looking at ways to get the advisers to start using me efficiently, also it could help with structuring the process a little better. I'm finding that they are still doing a lot of the things I should be doing - i.e. ask me to proceed with a report, so I do the illustrations to find out that they've already gone ahead and done them themselves!!!

In past role Advisers completed meeting notes, which had action points at the end which defined Admin requirements and PP requirements so I always had an idea of what was coming at me...

Peoples thoughts and current processes in other businesses might be useful, thanks

We seem to be having a lot of discussions with clients surrounding the trade off between LTA tax charge and future IHT liabilities.

Does any one use any tools or calculators to demonstrate this to clients. Which could illustrate phasing drawdown, leaving uncrystallised, crystallising up to LTA etc

Thank you

Very interested to hear your thoughts on money laundering a corporation/employer, when they have agreed to pay/divert pension contributions from an employees company pension into a SIPP we run.

I've seen varying levels of detail for money laundering companies in this manner:
- Full AML on every director - online checks, or passports/driving licence/bank statements
- Details of shareholders with interest over 25%
- Company headed paper

Clearly, for large corporations money laundering every director is completely prohibitive.

What's the thoughts on here of best practice and how do you all look to work around this?

As the title suggests, I need help with creating an excel spreadsheet please.

I am wanting to create an excel spreadsheet which quickly shows where a clients existing portfolio asset allocation is in comparison to their suggested asset allocation from the ATR questionnaire.

At the moment this is done manually, which can be rather painful.

Any tips and guidance would be very much appreciated

Chloe

I'm trying to build a calculator instead but was wondering whether anyone else has one they would be willing to share (I'm getting a bit tied up in knots with the formulae in excel!)

From workspace set ups and time tracking to boilers and professional development - it was a wide ranging discussion

Lots of references to the help that's given right here on the Big Tent by all of you!