Fact Find (also knows as the Needs Analysis or Client Data Collection Form) document may take place as part of our initial meeting or it may take place at a second meeting or completed via a virtual meeting. We’ll take a comprehensive snapshot of all information relevant to your personal and business finances, to understand your situation and needs fully.
This involves going over your investment statements, recent tax returns (for all entities), financial statements, copies of wills and powers of attorney, trust deeds if any, insurance policies, investment strategy documents, etc.
The initial stage is for you to complete this Fact Find which includes a risk tolerance questionnaire. This form will help us to understand your financial and personal position, your goals of all natures and your attitude towards investment risk. It also enables you to understand where you are and where you are trying to go. We begin by figuring out your current financial position including your life-stage, assets and liabilities, capability for savings, personal risk insurance requirements, and requirements for your retirement income and so on. We can figure out what your short, medium and long terms goals are. What do you want life to be like now and in the future?
We then convert your requirements into clearer financial goals and objectives. How much money do you need to have the life you want now and in the future? We will examine the information you have provided. We will check to make sure no information was omitted and contact you via email to retrieve any missing details or to clarify any confusion in the data. We need to make sure that all of the information is completely accurate.