CLIENT FACT FIND COMPREHENSIVE

Transcription

1 CLIENT FACT FIND COMPREHENSIVE This Client Fact Find is issued by: Rimbal Investment Services Pty Ltd ( Rimbal ) Australian Financial Services Licence No Client Name/s.. Date Rimbal Authorised Representative Name Byron James Littlewood BA ADFS(FP) AFA, AR of B. J. Littlewood & Associates Pty Ltd trading as Littlewood Financial Advisers ABN ; CAR Important Notice Why do we ask you to complete the Data Collection Form? The Client Fact Find Form relates to your personal and financial objectives, current financial situation, risk profile and specific investment needs. The information we collect will ensure that we have sufficient understanding of your current situation to provide you with financial advice that is appropriate to you. You have the right not to provide us with this information, however, if you do not we may be unable to provide you with personal financial advice. Your Privacy Rights Rimbal s commitment to protecting your privacy means that, amongst other things, in the process of collection, storage, accuracy, use and disclosure of your personal information, your privacy is respected. Rimbal is bound by the National Privacy Principles under the Privacy Act. This policy explains how we treat information that we hold about you. It sets out the types of information we collect, how we may use that information and who we allow to access it. In addition to this policy, we will on occasions provide you with specific notice about how we use particular information that we collect from you. Rimbal Client Fact Find Comprehensive Version Aug2018 Page 1

2 SCOPE OF THE INITIAL ADVICE Please indicate with a tick the areas below in which you are seeking initial advice from Rimbal Advice Sought CLIENT 1 CLIENT 2 Advice on the investment of my surplus income Wealth Accumulation Desirability of borrowing to invest Providing for anticipated capital spending Advice on building my super assets Super Consolidation of my individual super funds into a single fund Desirability of the suitability of a Self-Managed Super Fund Advice on generating a retirement income stream Income Obtain Centrelink benefits Producing a required level of after tax income from your investments Wealth Protection Analysis of my risk insurance needs Review of your existing risk insurance policies Investments Construction of an investment portfolio using an available lump sum Review of existing investments (managed funds/shares) Advice on salary packaging Improving Cash Flow Meeting my liquidity requirements Analysis of my mortgage and investment loans Impact of taxation on my financial position Other (please specify) Rimbal Client Fact Find Comprehensive Version Aug2018 Page 2

3 PERSONAL DETAILS Please provide your personal details below CLIENT 1 CLIENT 2 Title First Name Middle Name Surname Preferred Name Date of Birth / / / / Health Status (please circle) Marital Status (please circle) Excellent Good Fair Poor Single Married De-facto Widowed Divorced Excellent Good Fair Poor Single Married De-facto Widowed Divorced Smoker? (please circle) Yes / No Yes / No Home Phone ( ) Work Phone ( ) ( ) Mobile Home Fax ( ) ( ) Work fax ( ) ( ) Home Work Residential Address OTHER PROFESSIONAL ADVISERS Please provide details of other professional advisers you currently use Name Company Contact No Accountant Solicitor/Lawyer Other Rimbal Client Fact Find Comprehensive Version Aug2018 Page 3

4 KEY GOALS AND OBJECTIVES Please indicate your specific goals and objectives, including the estimated time when you wish to meet these objectives FINANCIAL GOALS e.g. Retirement, borrow to invest LIFESTYLE GOALS e.g. Holidays, upgrade car What goals and objectives do you wish to meet in the next 0 to 5 years? What goals and objectives do you wish to meet in the next 6 to 10 years? What goals and objectives do you wish to meet in the next 10 plus years? What is your planned retirement age? $ _ (Client 1) What is your desire level of income in retirement net of tax? $ _ (Client 2) $ _ (Combined) If our analysis indicates that you may not meet your retirement goals by the planned retirement date, would you (please tick options you may consider): Retire on the planned date and compromise on the level of retirement income Consider deferring retirement to a later date Increase the rate of capital drawdown Consider strategies to build wealth, such as gearing (borrowing to invest) Seek out ways of reducing expenses to allow you to save more Rimbal Client Fact Find Comprehensive Version Aug2018 Page 4

5 DEPENDANT DETAILS Please complete details of your dependents below Name Gender Date of Birth Relationship Funding Requirements (pa) Number of years required? EMPLOYMENT DETAILS Please complete your employment details below, including your overall salary package CLIENT 1 CLIENT 2 Occupation Employer Name Employment Status (please circle) Self-employed Part-time Full-time Casual Self-employed Part-time Full-time Casual Dated joined employer / / / / If you are Self-Employed, please provide your business details below Business Name What is your principal trading activity? Rimbal Client Fact Find Comprehensive Version Aug2018 Page 5

6 INCOME AND EXPENSE DETAILS Please complete your income and expenditure details in the following tables. Income CLIENT 1 CLIENT 2 Gross salary (net of employer and salary sacrifice contributions) Estimated bonus Investment income Other income Total Gross Income Expenses Housing & Utilities (mortgage repayments, rent, council rates, phone, internet, electricity, gas, water) General Household (food, alcohol, groceries, clothing, entertainment, healthcare & medical) $ $ Vehicles and Transport (lease/loan repayments, registration, fuel, servicing) $ Insurance (health insurance, home and contents, motor vehicle, life, TPD, critical illness and income protection) Other expenses (children s education, holidays/travel, tax deductible donations, after tax super contributions) $ $ Total $ How much do you estimate you save each month? $ Where are you directing these savings? (e.g. mortgage, bank account, managed fund) Do you expect any future changes to your income/expenditure position? Are you receiving any Government benefits? If yes, which one? Please also specify amount. Under some income protection policies, you can cover Superannuation Guarantee (SG) and salary sacrifice contributions. Please enter your annual SG and salary sacrifice contributions below. SG contribution (pa) $ $ Salary sacrifice (pa) $ $ Rimbal Client Fact Find Comprehensive Version Aug2018 Page 6

7 PERSONAL ASSETS AND LIABILITIES Please list your assets and liabilities below. Please indicate those assets that you would be comfortable selling in the event of permanent disability or death in the Retain? column. Asset Name Description Owner Current Value Family Home $ $ Outstanding liabilities Retain? (Y/N) Holiday Home $ $ Home Contents $ $ Motor Vehicles $ $ Boats and caravan $ $ Other (please specify) $ $ Total $ $ Are you expecting any changes to your assets and liabilities? (e.g. sale of your home, receiving an inheritance). If yes, please provide details, including the expected dollar amount. Yes $ No Do you require cash funds to be kept liquid in case of emergency or unexpected expenses? If yes, how much? Yes $ No Rimbal Client Fact Find Comprehensive Version Aug2018 Page 7

8 Other Direct Shares Managed Funds Rental property Cash Assets INVESTMENT ASSET AND LIABILITY DETAILS Please include details of your existing investment assets below. If you own more than will fit in the spaces provided, please list the total value below and provide a separate summary of your holding details Asset Name Owner No. of units Purchase Date Purchase Cost Current Value Outstanding Liability Est. Income Retain Yes/No Total Rimbal Client Fact Find Comprehensive Version Aug2018 8

9 LIABILITY DETAILS You can provide more detailed information on your liabilities below. This will assist us in reviewing and advising on your cash flow situation Liability Lender Borrower Mortgage (Family Home) Amount Outstanding Interest Rate (%) Payment Type (P& I, Interest only) $ % $ Holiday Home $ % $ Payment Amount Payment Frequency Tax Deductible (Yes/No) Motor Vehicle Finance $ % $ Investment Loan 1 $ % $ Investment Loan 2 $ % $ Investment Loan 3 $ % $ Margin Loan $ % $ Personal Loan $ % $ Credit Card 1 $ % $ Credit Card 2 $ % $ Other $ % $ Other $ % $ Total Liabilities $ $ Rimbal Client Fact Find Comprehensive Version Aug2018 9

10 SUPERANNUATION DETAILS Please complete your superannuation details below, including annual contributions and insurance cover Fund 1 Fund 2 Fund 3 Fund 4 Member Fund Name Eligible Start Date Is this a Defined Benefit Fund Yes No Yes No Yes No Yes No Would you like this fund reviewed? Yes No Yes No Yes No Yes No Current Value Taxable component Tax free component Non-preserved component Super Guarantee contributions (pa) Salary sacrifice contributions (pa) Personal deductible contributions (pa) Non-Deductible contributions (pa) Life Insurance (sum insured) Total & Permanent Disability cover (sum insured) Salary Continuance cover (benefit per month) $ for $ for $ for $ for years years years years Total Annual Premium Do you have a Binding Death Nomination in place? Yes No Yes No Yes No Yes No Please list the underlying investment options below: Investment 1 Investment 2 Investment 3 Rimbal Client Fact Find Comprehensive Version Aug2018 Page 10

11 Investment 4 Investment 5 Investment 6 Investment 7 Investment 8 SELF-MANAGED SUPER FUND DETAILS Please complete the table for existing SMSF financials and member details SMSF Name Date SMSF was established SMSF ABN Who are the trustees of the SMSF? Who administers the SMSF? Member 1 Member 2 Member 3 Member 4 Member Name Status (accumulation or pension) Eligible Service Date Investment strategy Current member balance Tax free balance Annual contributions - Amount Insurance cover Do you have a binding nomination? Who have you specified to receive benefits upon death? Rimbal Client Fact Find Comprehensive Version Aug2018 Page 11

12 PENSIONS AND ANNUITIES Please complete details of any pensions/annuities you are receiving below Fund 1 Fund 2 Fund 3 Fund 4 Owner Pension Fund provider Source (please circle) Super monies Non super Super monies Non super Super monies Non super Super monies Non super Account-based pension Account-based pension Account-based pension Account-based pension Type (please circle) TTR pension Complying annuity TTR pension Complying annuity TTR pension Complying annuity TTR pension Complying annuity TAP TAP TAP TAP If annuity, what term has been selected? (please circle) Lifetime _ years Lifetime _ years Lifetime years Lifetime _ years Date commenced Purchase price Account balance Annual income Residual Capital Value Tax deductible amount (pa) Undeducted purchase price Past commutations/withdrawals Asset test exempt (please circle) Yes No Yes No Yes No Yes No Reversionary Yes No Yes No Yes No Yes No Who is the reversionary? If you are currently receiving an overseas pension, or will receive one in the future, please provide details (including amount) Rimbal Client Fact Find Comprehensive Version Aug2018 Page 12

13 EMPLOYER TERMINATION PAYMENTS Please complete details of any employer termination payments you have received or are expecting to receive below CLIENT 1 CLIENT 2 Termination Date / / / / Ex-gratia/golden handshake amount $ $ Approved early retirement amount $ $ Long-service leave amount (after tax) $ $ Annual leave amount (after tax) $ $ Sick leave amount (after tax) $ $ Other $ $ Are you receiving a redundancy? If yes, please provide a copy of the payment details as provided by your employer Yes No Yes No Rimbal Client Fact Find Comprehensive Version Aug2018 Page 13

14 EXISTING RISK INSURANCE Please provide details of your existing risk insurance, including life, TPD, trauma and income protection Policy 1 Policy 2 Policy 3 Policy 4 Policy Type (please circle) Life TPD Trauma Income Protection Life TPD Trauma Income Protection Life TPD Trauma Income Protection Life TPD Trauma Income Protection Salary Continuance Salary Continuance Salary Continuance Salary Continuance Policy Owner Life Insured Insurer Sum Insured Annual Premium Premium Frequency Renewal Date / / / / / / / / Income protection waiting period Income protection benefit period Is this policy in superannuation? Yes No Yes No Yes No Yes No YOUR EXISTING GENERAL INSURANCE Please provide details of your existing general insurance policies below Policy 1 Policy 2 Policy 3 Policy 4 Type Health Insurance House Home Contents Motor Vehicle Insurer Policy Owner Sum Insured Annual Premium Premium Frequency Renewal Date Rimbal Client Fact Find Comprehensive Version Aug2018 Page 14

15 TRUST DETAILS Please complete the table for existing Trust financial and beneficiary details Trust Name Type of Trust? Fixed Unit Discretionary Hybrid Fixed Unit Discretionary Hybrid Fixed Unit Discretionary Hybrid Fixed Unit Discretionary Hybrid Date Trust was established ABN Maximum term of the Trust Appointer of the Trust Trustee Beneficiary 1 Beneficiary 2 Beneficiary 3 Beneficiary 4 Beneficiary Name Beneficiary date of birth Has a Trust election been made? If yes, who is the specified individual? COMPANY DETAILS Please complete the table for existing Company details Company Name ABN Director(s) Description of shares Rimbal Client Fact Find Comprehensive Version Aug2018 Page 15

16 ESTATE PLANNING Please provide details of your current estate planning situation Client 1 Client 2 Do you have a valid Will? Yes No Yes No Date Will was drafted / / / / Date Will was most recently reviewed / / / / Power of Attorney Yes No Yes No Enduring Power of Attorney Yes No Yes No Enduring guardianship Yes No Yes No Testamentary Trust Yes No Yes No Do you have a funeral plan in place? Yes No Yes No In which State was your estate planning documents prepared? Rimbal Client Fact Find Comprehensive Version Aug2018 Page 16

17 YOUR ATTITUDE TO RISK AND RETURN Client 1 Client 2 Question 1 How confident are you with investment matters? a. You are an experienced investor. You use research and other investment information to make investment decisions. You understand the various factors, which influence investment performance. b. You understand that markets fluctuate and that different market sectors offer different income, growth and taxation characteristics. c. You are confident about some investments. You don t fully understand the share market. d. You are not very confident when it comes to investments. e. You are not confident with investments and feel uncomfortable with the complexity. Question 2 What level of risk are you prepared to apply to your investment? a. You would be willing to take substantial risk for substantial rewards. b. Short-term losses are acceptable as long as the probability of a gain over the longterm is reasonable. c. Moderate volatility is acceptable as long as medium term returns are positive. d. You require low volatility with consistent positive returns. e. Security of capital is paramount. Question 3 What degree of investment risk have you taken in the past? a. Large b. Fair amount of calculated risk c. Moderate degree of risk d. Not much e. Risk free only Question 4 Investments such as cash offer highest security but have no capital growth and inflation can reduce the purchasing power. Considering this, which is more important for you? a. More important to preserve purchasing power rather than security b. Important to preserve purchasing power but also consider any risk c. Look for a balance between security and preserving purchasing power d. More important to have security than worry about inflation e. Protecting the principle is the most important priority Question 5 If you had to choose between a secure job with a reasonable salary and a high paid job with less security, which would you pick? a. Definitely the highly paid job. b. Probably the highly paid job with less security c. Would have to consider other aspects d. Probably the secure job with a reasonable salary e. Definitely the secure job Rimbal Client Fact Find Comprehensive Version Aug2018 Page 17

18 Client 1 Client 2 Question 6 In light of current interest rates, what return do you reasonably expect to achieve from your investment? a. Over 12% b. Current inflation plus 8% p.a. c. Current inflation rate plus 5% p.a. d. Current inflation rate plus 2% p.a. e. A reasonable return without losing any capital Question 7 If you didn t need your capital for more than 10 years, for how long would you be prepared to see your investment performing poorly before you cashed in? a. Up to 2 years b. Up to 1 year c. Up to 6 months d. Up to 3 months e. You would cash in if there was any loss in value Question 8 Your future income needs are such that a more aggressive investment strategy is recommended in order to achieve them. Which of the following best describes how you feel? a. Happy with a more aggressive strategy meeting your objectives is more important b. Comfortable with an aggressive strategy however would watch closely to minimise any losses c. Accept some extra risk in order to move towards the objective, but also prepared to reduce the objective slightly d. A little extra risk is acceptable. Reduction of future objectives would be acceptable e. A more aggressive strategy frightens you. You would rather reduce your future income needs significantly than take the risk Question 9 The greatest tax savings are generally obtained from riskier investments, such as shares. Which balance do you feel most comfortable with? a. Unstable, but potentially higher returns, maximising tax savings b. Moderate variability in returns, reasonable tax savings c. Some variability in returns, some tax savings d. Stable, reliable returns, minimal tax savings e. Preferably guaranteed returns, before tax savings Question 10 What would your reaction be if 6 months after placing your investments, you discover that, in line with what is happening in the financial markets generally, your portfolio has decreased in value by 20%? a. You would invest more funds to lower your average investment price, expecting future growth b. This was a calculated risk and you would leave the investments in place, expecting performance to improve c. You would be concerned, but would wait to see if the investments improve d. You would cut your losses and transfer your funds into more secure investment sectors e. Horror. Security of your capital is critical and you did not intend to take risks Rimbal Client Fact Find Comprehensive Version Aug2018 Page 18

19 Investor Risk Profile Score Client Partner Client Partner Number of A X 5 Number of B X 4 Number of C X 3 Number of D X 2 Number of E X 1 Total Investor Score Please note that this questionnaire is aimed at establishing your Individual Risk Profile. It is not important whether your score is high or low. Please match your score with the investor profiles in the table below. Score Less than 12 Between Between Between Between Greater than 45 Investment Profile Secure Conservative Moderately Conservative Balanced Growth High Growth The asset allocation of each of the Investment Profiles is shown in the table below. Investment Profile Cash Australian Fixed Interest Int l Fixed Interest Australian Shares Int l Shares Australian Property Int l Property Secure 55.2% 35.1% 9.7% 0.0% 0.0% 0.0% 0.0% 0.0% > 1 Conservative 36.2% 22.9% 21.1% 10.3% 9.4% 0.1% 0.0% 0.0% 1 3 Other Time frame (Yrs) Moderately Conservative 7.3% 27.0% 23.4% 19.4% 17.7% 5.2% 0.0% 0.0% 3 5 Balanced 7.0% 19.7% 15.5% 26.8% 22.8% 4.6% 3.6% 0.0% 5 Growth 9.0% 5.1% 5.6% 36.8% 33.8% 5.2% 4.5% 0.0% 7 High Growth 8.7% 1.1% 0.8% 40.2% 39.5% 5.2% 4.5% 0.0% 10 Notes: a. The allocations recommended above do not add up to 100% b. Other asset class represents alternative investments such as hedge funds Rimbal Client Fact Find Comprehensive Version Aug2018 Page 19

20 Now, please answer the following questions. We are attempting to ensure that the chosen risk profile is matched to your investment time-frame and tolerance to risk. Is your investment time-frame consistent with the suggested time-frame for your chosen risk profile? Yes No Are you comfortable with the risk level of the chosen risk profile? Yes No Borrowing to invest can help certain investors increase their wealth over time. However, borrowing increases investment risk. Borrowing to invest normally involves investing in growth assets such as Australian and international shares and property. Please answer the following questions to help us understand whether borrowing may be appropriate for you: Borrowing to invest Have you ever borrowed to invest before? (please circle) Yes No Are you prepared to borrow to invest? (please circle) Yes, if professionally advised No, I do not like debt If yes, how much would you be prepared to borrow? $ What assets are you prepared to use as security? (please circle) Family home Managed funds Direct shares Please read the profile descriptions above and if you feel there is a difference in the profile you feel most comfortable with and profile indicated by the questionnaire score, please state your selected investor profile and the reasons why you feel this way. If you are not comfortable with the recommended profile (or you and your partner have different profiles) we can start with the lower risk profile and review it over time, as you become more comfortable with investment markets. But please be aware that risk and return and closely related, so by choosing a lower risk profile, you are choosing to reduce your long term return expectations. CLIENT 1 CLIENT 2 Agreed Profile Please sign the following to confirm that you acknowledge the chosen risk profile I/We confirm that the details recorded in this workbook are a true and accurate description of my/our feelings towards the questions raised and I/We agree that the selected investor risk profile is accurate and can be used as a basis for recommending an investment portfolio. Please note that your selected investor risk profile and asset allocation are based on information provided by you and on our knowledge of the various asset sectors and the existing investment environment. As it is not possible to accurately predict the future corporate, legislative and economic factors, you should regard these recommendations as a guide only. No guarantee is expressed or implied to any projections or performance of any assets in the recommendations. Signature: Client 1 Date / / Client 2 Date / / Rimbal Client Fact Find Comprehensive Version Aug2018 Page 20

21 Please sign the following to confirm that you acknowledge the information included in the Client Fact Find Form The information in this form accurately reflects my/our current financial situation. I/We am/are not aware of any further information which would be relevant or assist Rimbal when providing advice and/or recommendations to me/us. I/We understand that any advice or recommendation provided by Rimbal will be based solely on the information supplied in this Client Fact Find Form and any other personal information I/we provide. I/We am/are aware that a photocopy of the Client Fact Find Form is available upon request. I/We confirm that that I/we was/were issued with the Financial Services Guide by Rimbal before I/we provided details of my/our personal circumstances set out in this form. I/We understand that Rimbal is not authorised to provide specific advice in relation to general insurance, taxation, family law, drafting estate planning documents and trusts. Any advice on these matters will be provided by qualified specialist advisers as appropriate. I/We also understand that Rimbal may receive a share of the commission payable and/or payments to refer me/us to other specialist advisers. These payments will be disclosed to me/us at the time if referral. I/We confirm that I/we was/were issued with a copy of the Rimbal Privacy Policy contained in the Financial Services Guide. Signature: Client 1 Date / / Client 2 Date / / Rimbal Authorised Representative Date / / Byron James Littlewood Rimbal Client Fact Find Comprehensive Version Aug2018 Page 21

22 NOTES Rimbal Client Fact Find Comprehensive Version Aug2018 Page 22

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