Gustavo_Fring
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Do they have the earnings to justify a £500K contribution?
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Hi, Standard Life have always been good for me, historically. In fact, any provider with a decent online service should be able to provide a range of information on a consistent basis.
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Voyant is very comprehensive and should tick the boxes for you.
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I think you have to take each case on its merits. If she can demonstrate that she has sufficient experience of writing a range of technical reports and the quality of her work has been comparable to diploma qualified person, then your management mig…
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Hi Roxy, We develop our administrators, so they can write the less technical letters such as portfolio rebalances or ISA top up recommendations. The advantages of this are that it allows the Paraplanners to concentrate on the more technical work …
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@amarshall Are you using 'threads' as they are called in XPLAN...a series of tasks, I believe? At a previous firm, we used event lists on Adviser office which worked well. I think threads work on the same premise. @richallum Thanks for your…
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Thanks for these. Interesting Brett Davidson has come up twice… It is a bigger picture need, things like automating our rebalancing process, sense checking fee structures, segmentation of clients and charging appropriately for each segmented prop…
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These points may have already been discussed with him but i think it boils down to sticking to whatever plan has been put in place for him and ignore outside noise. He is effectively trying to time the market and there is no guarantee the markets wi…
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Great, thanks Richard. Food for thought....
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The problem you are going to have when writing a Suitability report is that your advice will be not to do take the PCLS for the reasons you state above and that it is bringing the money into his estate from an IHT friendly environment,. I think you …
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Thanks Richard, It sounds like you've got all bases covered! Do you prefer the Apple/Google offerings to Nuance? Do you find dictation is much of a timesaver vs typing? Thank you.
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Thanks Aron. Why don't you like it? Barriers for me are: * Habit - people reluctant to change from typing it out. * You can think as you are typing. I think you would lose that via dictation. * The initial experience is likely to be quite …
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He gave an excellent presentation at the Report Writing Powwow in Brick Lane around 18 months ago - highly recommended.
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Yes, the investment proposition would almost certainly be along those lines, which makes perfect sense for the likely level of assets. I'm considering a simplified factfinding process, but part of me gets nervous about doing that. I wouldn't want…
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Ah, yes thank you. This worked and I ended up paying a lump sum of £99K after 8 years. Hopefully we are in the right ball park!
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Hi, I've tried this approach and i'm getting a repayment term of 13 years on this. How did you get 8?
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Thanks, yes I will give that a try. I suppose the downside is that it won't accurately show the capital payment required at the end of the mortgage term but a compromise is going to have to made somewhere....
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Ah, ok. Thanks Ruth.
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I may have the wrong end of the stick but I think this is for ex-ante disclosure? Ruth, If I am picturing your spreadsheet correctly, you have a value, of say £100,000, growing at 5% a year for 10 years, with charges of 1.5% annually being deduct…
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Thank you...!
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Also, I'm pretty sure there were some RIY spreadsheets being shared around a while back, although I can't find the thread now....
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FE Analytics has one.
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@arongunningham said: Those imaginary clients always find themselves in complicated situations Thanks for the replies everyone.
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You'd need to cover off/check that there are no loss of interest penalties (in case the ISA is in a fixed term arrangement)
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I've usually had enough of studying by the time the exam is over so I forget about it until I need to start again. In the meantime, there are loads of articles around on Professional Paraplanner, Techtalk, and similar sources to ensure you don't los…
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On the subject of keeping letters short and relevant, if an existing client has already had a description of our Investment Process in previous correspondence, we don't keep on including it every time we write to them. We put a sentence them giving …
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The structure of ours is something like this: Main Body of letter: * Intro * Client Objectives * High level plan summary (Provider, fund value, transfer value) * Our comments on relevant aspects of existing plans * Recommendations and re…
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This is an article from one of our newsletters. The caveat being it is quite old...2015 I think. So you may want to sense check it is still all correct. Peer-to-Peer Lending Peer-to-peer lending is a growing alternative for cash savings. This…
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I think there is a demand for sharing report ideas, hence the popularity of the recent report writing powwows, so threads like this are really useful. I struggle a bit with our charges section, in particular for replacement business letters. The aim…
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Interesting, thanks Benjamin. The annuity comparison does seem like an irrelevance for a growing number of clients nowadays.