ATEB Template

Start with the ATEB template named ‘ISA Template’. You will find this in the ‘Sample Templates’ tab within ‘Templates’.

The template has been pre-populated with basic information that is not client specific (see table below).


Firm Specific Template 

Create your own version of the template using the ‘Duplicate Template’ button. Give it a meaningful name.

Modify the template to make it firm specific, for example by adding company and/or adviser details.

Consider the comments in Table 1 below under column ‘to be considered’ when modifying or creating templates based on the ATEB version.


Test Template

It is unlikely that you’ll get the template right first time. Therefore, once the template is created, use it to generate a client specific test report.

Based on the generated report, you may well need to amend the template further.

Repeat this testing process until you end up with as standard a template as possible but one which allows for full client specific personalisation.

The time spent here will save hours going forward.


Important Notes

· Prior to use, your template should be checked by your compliance department or compliance consultant.

· This template is provided only as a guide. ATEB IT Solutions does not accept legal or regulatory responsibility for the contents of the template.


ATEB suitability Section

ATEB template defaults

To be considered

Getting Started

 

 

Basic Client Details

Defaulted to individual (single) client

 

Creation of a joint (2 client) report

 

Remainder of section blank to allow for case-by-case personalisation

 

Amend this text

Covering Letter Information

Report Title: Utilising Your Tax Efficient ISA Allowance

 

Amend as required

Covering Letter Preamble

Example text used as default

Amend this text; or

delete this text and set up and select a suitable standard paragraph

Risk Warnings & Other Important Information

Example text used as default

As above

 

Remainder of section blank to allow for case-by-case personalisation

 

Consider whether more fields can be added to the template

 

 

 

Report Builder

Sections included:

 

Introduction to Advice

- Background to our Meeting

- Agreed Objectives & Priorities

 

Recommendations

- Investment Advice

 

Important Information

- Cost of Our Services

- Your Rights

- Changes in Your Circumstances

- What Happens Next


Appendices
- Glossary of Terms
- Attitude to Risk Definitions

You may want to include further sections as standard, for example an option under the ‘Planning Ahead’ title

 

 

 

Introduction to Advice

 

 

Background to Our Meeting

Assumed part of annual review

 

 

 

Assumed client is not elderly or vulnerable

 

 

 

High level, basic background reason for advice entered as default

 

Amend this text; or

delete this text and set up and select a suitable standard paragraph

 

Assumed that disclosure documentation will be included with the report or has previously been issued

 

Do not pre-populate and enter on a case by case basis

 

No disclosure documentation pre-ticked

 

As above

Agreed objectives and priorities

Comprehensive (full) review assumed and that no limits were placed on the scope of advice

 

Amend as necessary

 

Standard objective used – ‘invest a lump sum of money’ and ‘maximise ISA allowance’

 

Amend as necessary

Investment Advice

 

 

Section Builder

Sections included:

 

- Attitude to Risk

- Funds Recommendation

- Platform

- Charges

 

Amend the sections you want to include in your template

Foreword to Advice

Blank to allow for case-by-case personalisation

 

Consider whether any default text is appropriate

Attitude to Investment Risk

Default introduction to risk paragraph pre-selected

 

Consider whether to use an in-house standard paragraph

 

ATR category blank to allow for case-by-case personalisation

 

 

 

Assumed no change in client ATR from previous rating

 

 

 

Default introduction to capacity for loss pre-selected

 

Consider whether to use an in-house standard paragraph

 

Capacity for loss discussion not pre-selected to allow for case-by-case personalisation

 

Consider whether an in-house standard is required

Funds Recommendation

Blank

Templates could be created for different strategies but will require some case-by-case personalisation

 

Asset Class (Sector) Split

Blank

 

 

Platform Recommendation

Blank

Templates can be created ‘per platform’ by entering information in this section

 

Charges

Assumes that a table of charges will be used (to be compiled in the plan recommendation section)

 

Amend as necessary

 

Assumed that a Cost of Service section is included in the report

 

Amend as necessary

 

 

 

Recommended Plans

 

 

Plan Builder

Assumed New plan

 

 

 

Provider blank

 

 

 

Product: Stocks and Shares NISA

 

 

 

Remaining fields blank

 

 

Consider if further details are required for the template

Plan Details

Single contribution to ISA assumed

 

Amend as necessary

 

Source of funds required

 

Amend as necessary

 

Investment period required

 

Amend as necessary

 

No regular contributions assumed

 

Amend as necessary

 

No requirement for regular income assumed

 

Amend as necessary

 

Policy cancellation period assumed as 14 days

 

Amend as necessary

 

Remainder of section blank to allow for case-by-case personalisation

 

Consider if further standardisation required for the template

Product Recommendation Reasons

This section left blank to allow for case-by-case personalisation

 

 

Consider if further standardisation required for the template

Potential Disadvantages

Blank

 

 

 

Add in all specific potential disadvantages required for the template

Charges

Blank

Set any default charges applicable across the firm e.g. initial and/or ongoing adviser charge

 

 

 

Important Information

 

 

Cost of Our Services

Blank

 

 

Set any default charges applicable across the firm

Your Rights

Standard ATEB text selected

 

Delete this and set up and select a suitable standard paragraph

 

Changes to Your Circumstances

Default text selected

Consider whether this meets your needs or whether amended text or a suitable standard paragraph is required

 

What Happens Next

Standard ATEB text selected

 

Delete this and set up and select a suitable standard paragraph