Advice Audit Heat Map Question No Question Description

Advice Audit Heat Map Question No Question Description 1 Financial Services Guide (FSG) 2 Fact Find – Fact Find Completed 3 Fact Find – Goals 4 Fact Find - Scope 5 Fact Find – Personal Circumstances 6 Fact Find – Existing Products 7 Fact Find – Investment Profile 8 Fact Find – Client Acknowledgments 9 Initial Advice Fees 10 Working Papers – Alternative Strategies 11 Working Papers – Alternative Products 12 File Notes 13 Advice – Advice Documentation 14 Advice – Personal Circumstances 15 Advice – Goals 16 Advice – Scope 17 Advice – Investment Profile 18 Advice – Strategy and Risks 19 Advice – Warnings / Disclaimers 20 Strategy – Cashflow 21 Strategy – Best Interest Duty 22 Product – Best Interest Duty 23 Product – Asset Allocation 24 Product – Replacement 25 Sole Purpose Test 26 Disclosure – Fees and Commission 27 Disclosure – Commission Splits 28 Implementation – PDS 29 Implementation – Authority to Proceed 30 Ongoing Advice Agreement 31 Implementation – Correct Implementation 32 Self-Managed Super Fund (SMSF) 33 Managed Discretionary Account (MDA) 34 AML / CTF 35 Conflict of Interest 36 Advice – Execution Only 37 Further Investigation Client Name 1 Client Name 2 Client Name 3