Investment Portfolio Review

Question 1

Outline the additional information needed prior to recommendation

Answer 1

 ATR and CFL
 Their health/ life expectancy
 Are they prepared to change ownership of assets?
 Do they need the income and capital taken equally from their estates/ would they prefer the income and capital to deplete any jointly owned assets first?
 Do they plan on making any lifetime gifts to Harry and Emma?
 Surrender / exit penalties / CGT liability incurred by selling shares/ paintings?
 Performance of existing investments.
 Are they both prepared to fully fund their ISAs each year?
 Existing / ongoing charges / OAF.
 Investment time horizon/ will any assets be inherited by Harry or Emma?
 Ethical preferences.
 How involved do they want to be in investment decisions?