ISA and GIA Template

Modified on Sun, 15 Nov, 2020 at 8:47 PM

ATEB Template

Start with the ATEB template named ‘ISA & GIA Template’. You will find this in the ‘Sample Templates’ tab on the ‘Templates’ page. 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 the table below under the column ‘to be considered’ when modifying or creating templates based on the ATEB version.

Test Template

You may not 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 need to amend the template further. Repeat this testing process until you have a template which enables full client specific personalisation but contains common standard content. 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 Ltd does not accept legal or regulatory responsibility for the contents of the template.

ATEB Suitability Section	ATEB template defaults	To be considered
Getting Started
Report Details	Defaulted to individual (single) client	Amend as required
	Report Title: ‘Financial Planning Report’	Amend as required
	Advice Area: ‘Investment Advice’
	Covering Letter: defaulted to ‘No’	Amend as required
	Remainder of section blank to allow for case-by-case personalisation	Consider whether more fields can be added to the template
Introduction to Advice
	Sections included: About your Firm Background to our Meeting Current Personal & Financial Circumstances Agreed Objectives and Priorities Attitude to Investment Risk	Amend as necessary
About your Firm	Assumed ‘focussed independent advice’ provided	Amend as necessary
Background to Our Meeting	Assumed new client to firm	Amend as necessary
	Assumed client is not elderly or vulnerable	Amend as necessary
	Assumed that disclosure documentation has previously been provided or enclosed with the report	Amend as necessary
	No disclosure documentation pre-ticked	Do not pre-populate and enter on a case by case basis
Current Personal & Financial Circumstances	Personalised Paragraph about Current Personal and Financial Circumstances pre-ticked	Consider if further sections required as standard
Agreed objectives and priorities	A focussed review assumed (looking at one or more areas of potential need).	Amend as necessary
	Objective used: ‘Invest a lump sum of money’ and ‘You would like to maximise your ISA allowance for this tax year.’	Amend as necessary
Attitude to Investment Risk	Default introduction to risk paragraph pre-ticked	Consider whether to use an in-house standard paragraph
	Default ATR category selected	To be entered on a case by case basis
	Default introduction to capacity for loss pre-selected	Consider whether to use an in-house standard paragraph
	Remainder of section blank to allow for case-by-case personalisation	Consider whether more fields can be added to the template
Investment Advice
Foreword to Advice	Blank to allow for case-by-case personalisation	Consider whether any default text is appropriate
Recommended Plan 1
Plan Builder	Set to New Plan
Provider/Platform: Blank	To be entered on a case by case basis
	Product: GIA
	Remaining fields blank	Consider if further sections are required for the template
Plan Details	Actions applicable to this plan set to ‘Lump Sum Investment’, ‘Source of Funds’ and ‘Investment Period’ as default. Remaining fields left blank to allow for case-by-case personalisation	Amend as necessary
	Policy Cancellation set to 14 days.
Recommendation Reasons	This section left blank to allow for case-by-case personalisation	Consider if further standardisation required for the template
Potential Disadvantages	Blank to allow for case-by-case personalisation	Add in all specific potential disadvantages required for the template
Discounted Alternatives	Blank	Consider if any standardised text can be added as standard to the template
Recommended Plan 2
Plan Builder	Set to New Plan
	Provider/Platform: Blank	To be entered on a case by case basis
	Product: Stocks and Shares ISA
	Remaining fields blank	Consider if further sections are required for the template
Plan Details	Actions applicable to this plan set to ‘Lump Sum Investment’, ‘Source of Funds’ and ‘Investment Period’ as default. Remaining fields left blank to allow for case-by-case personalisation	Amend as necessary
	Policy Cancellation set to 14 days.
Recommendation Reasons	This section left blank to allow for case-by-case personalisation	Consider if further standardisation required for the template
Potential Disadvantages	Blank to allow for case-by-case personalisation	Add in all specific potential disadvantages required for the template
Discounted Alternatives	Blank	Consider if any standardised text can be added as standard to the template
Investment Plan Charges	Default to question: ‘Do you wish to include a breakdown of charges? set to ‘Yes’ with ongoing ‘Adviser’, ‘Product’ and ‘Fund’ charge rows added to table.	Amend as necessary
Investment Strategy Recommendation	Preferred investment approach set to ‘Select and investment from Content Management’	Amend as necessary
	Investment Strategy Recommendation set to New plan
	‘Include Fund Performance’ defaulted to ‘No’	Amend as necessary
	Remaining section left blank to allow for case-by-case personalisation	Consider if further standardisation required for the template
Planning Ahead	Sections included: Wills Powers of Attorney	You may want to include sections as standard
Wills	Blank	Consider if any options can be added as standard to the template
Powers of Attorney	Blank	Consider if any options can be added as standard to the template
Important Information	Sections included: Cost of Our Services Regular Reviews Changes in Your Circumstances Emergency Funds	You may want to include further sections as standard
Cost of Our Services	Set to ‘Single Payment(s) and ‘Ongoing Service Fees’	Set any default charges applicable across the firm
Regular Reviews	Default entries used
	It is assumed that a regular review service will be implemented (or is in place)	Amend as necessary
Changes to Your Circumstances	Default text selected	Consider whether this meets your needs or whether amended text or a suitable standard paragraph is required
Emergency Funds	Default text selected	As above
Appendices	Assumes ATEB Glossary of Terms to be included within the report and Attitude to Risk definitions.
	Consider whether any customised appendices should be included as standard
Glossary	Default options selected	Amend as necessary
Risk Warnings	Default options selected	Amend as necessary