Professional Indemnity Insurance
I am covered with Professional Indemnity Insurance through AON Risk Solutions.
Compliance
Masthead is my compliance officer.
Succession planning
As per legislation, I have a signed agreement in place with another Independent Financial Planner, who is also a Certified Financial Planner® Licensee, whom I would be happy recommending to you. Together with my office, he will make contact with my clients who would still need to appoint him as their advisor. A client is in no way compelled to remain with this colleague. The structure is there to ensure a client is not left orphaned and has an option.
Specific responsibilities for income-dependent investors
- Reviewing income levels at income anniversaries.
- Ensuring that re-investments into the portfolio are taking place and reflected as such.
- Monitoring that the investment portfolio’s unit numbers are changing correctly, irrespective of currency or price values.
Fee structures
I believe that Financial Planning should be viewed as a professional service rather than a sales-based event. Therefore, my practice incorporates elements of Fee-Based Financial Planning, where various tasks or services may carry a one-time or retainer-based fee.
Asset Management Trail Fees
Asset Management Trail Fees play a significant role in my business’s service delivery. They cover:
- Providing you with advice and reports and portfolio reviews through the year.
- Asset Management research time.
- Monitoring whether the managers I use are adhering to their investment mandates.
- Keeping abreast of alternative or more appropriate asset managers.
- Conducting basic due diligence and corporate governance processes on the asset managers employed.
- Securing and retaining my services to ensure that a client’s beneficiaries or dependents are taken care of in the future.
- Providing other miscellaneous financial planning advice or investment research.