Planning Process Qs Flashcards
1
Q
Head of Wealth Planning
A
Shaun Robson and Will Stevens
2
Q
Advice Process
A
- Conversation
- Initial Analysis
- Cashflow Modelling
- Review & Analysis
- Financial Plan
- Implementation
- Ongoing Monitoring and Advice
- Regular Reviews
3
Q
6 Planning Areas
A
Tax Efficient Investing
Pension Advice
IHT & Estate Planning
Lifetime Cashflow
Retirement Planning
Protection
CR IPPT (cripto
4
Q
Fees on external assets?
A
0.5% on first 1m and 0.45% thereafter
5
Q
Fees for specialist advice on complex pensions?
A
1.5% subject to a min of £3750
6
Q
WP Three Services
A
Available with AIS, Stockbroking - 0.5% - 0.45%
Killik Managed 1.6% - 1.4%
Killik Complete 1.75% - 1.5% (500k min)
7
Q
KYC expiry dates
A
15 month red, this is reducing to 12 months
8
Q
How often does vulnerability have to be checked
A
Annually or major event
9
Q
3 pot approach
A
rainy day fund, fccs, lifetime savings
