B. Gathering Information

Question 1

What is the object of a fact-find?

Answer 1

Gather relevant data that will allow advisor to determine demands, needs and objectives so they can recommend suitable products.

Question 2

What should an advisor do if the client does not wish to disclose information?

Answer 2

This should be recorded on the fact find.

Question 3

What does part one of fact find include?

Answer 3

Personal details, basic information, family details, employment details.

Question 4

Does does part two of the fact find include?

Answer 4

Financial details; Assets, Liabilities, Life assurance, regular savings, pensions agreements, income and expenditure.

Question 5

What does part three of the fact-find include?

Answer 5

Planning and Objectives; Existing arrangements, Financial objectives and other advisers.