Indigo Finance and Investments Indigo House Chester CH11 1XX England UK
Date: 23/09/2020 Reference: PCR-830 |
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6, Big House, On the Hill |
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At Indigo Finance Investment we appreciate that your financial circumstances are unique and that solutions appropriate to your personal situation are required. We are committed to helping you meet those requirements and we are now writing to confirm why we consider the recommendations made are best suited to your needs.
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Following our meeting on 10/06/2020 I am writing to confirm the recommendations made. |
You will recall that I presented to you the following documents tick all those that apply:- |
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☐My Business Card which contains my contact details |
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☐Fee Agreement which confirms the agreed cost of our services and liability for VAT (if applicable) |
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☐Pre Contractual Loan Agreement Disclosure Document |
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These explain my status as an adviser and other important points including the basis upon which I have advised you. |
In this report I have presented my understanding of your current situation and your aims and objectives. This provides the basis for my recommendation. You should check carefully that the information is correct but if you feel that it is not a true reflection of your situation, or if your circumstances have changed, then please let me know as this may affect my recommendations. |
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During our meeting I explained that we offer a range of services to help you meet your personal and financial objectives and that the amount we charge and the basis of the payment will depend on the service you choose and your individual circumstances. I confirmed that we are no longer able to receive commission on the Retail Investment Products we recommend and that we would need to agree a fee under a process called ‘Adviser and Consultancy Charging'. |
Our fees were agreed with you in writing before we carried out any chargeable work and I have attached a copy of the fixed fee agreement that you have signed, this confirms the agreed costs of our services and expected liability to VAT (if applicable). Full details of the agreed costs of services payable can also be found in the personal illustration / the back of the suitability report. |
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During our meeting I explained that we offer a full review service considering all your financial circumstances. You chose at this time to limit the scope of the advice to the discussed and so have not disclosed full details of your financial situation. You are aware that whilst my recommendations are comprehensive, there may well be other more important financial needs that exist and therefore I cannot guarantee that my advice is suitable for your overall circumstances. If I had provided an overall financial review, my recommendations may have been different. Please contact me if you require a full financial review. |
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Whilst we would like to address all of your financial needs over time, at this stage it was necessary to prioritise your needs in order to determine those which we should address as a priority (and that were within your stated budget). We therefore discussed which needs were most important to as follows: |
Agenda |
Need |
For |
Inheritance Tax Planning |
Inheritance Tax Planning |
Tom Park |
Investing capital for Growth |
Investment |
Tom Park |
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A summary breakdown of your attitude to risk score as gathered during the completion of the client questionnaire is show below and I have determined that you have a Moderately Cautious approach to investments. This has helped me recommend certain funds for investment that suit your attitude to risk and capacity for loss. |
In general, Moderately Cautious investors are uncomfortable taking risk with
their investments, but would be willing to do so to a limited extent. They
realise that risky investments are likely to be better for longer-term returns.
Moderately Cautious investors typically prefer certain outcomes to gambles.
They can take a relatively long time to make up their mind on financial matters
and may suffer from regret when decisions turn out badly. Moderately Cautious
investors may have some experience of investment products, but will be more
familiar with bank and building society accounts than other types of
investments.
I recommend that your investment utilises the following funds which are consistent with your Moderately Cautious risk profile. |
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Name |
ID |
Code |
Standard Code |
On Panel |
Value |
Fidelity South East Asia |
28353 |
FK06 |
Citicode |
Yes
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£221.00 |
First State AsiaPacLdrs A GBP Acc |
31532 |
QI52 |
Citicode |
Yes
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£221.00 |
BlackRock UK Dynamic A Acc |
30406 |
LO88 |
Citicode |
Yes
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£255.00 |
M&G Recovery A Acc GBP |
30774 |
MG52 |
Citicode |
Yes
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£255.00 |
Artemis Income R Acc |
28992 |
HM06 |
Citicode |
Yes
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£510.00 |
M&G American A Acc GBP |
30761 |
MG31 |
Citicode |
Yes
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£510.00 |
Cazenove UK Growth & Income B Acc |
30046 |
KR44 |
Citicode |
Yes
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£578.00 |
Schroder Tokyo A Acc |
32581 |
UM18 |
Citicode |
Yes
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£578.00 |
JOHCM Continental European Ret GBP |
29691 |
JF17 |
Citicode |
Yes
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£637.50 |
JPM US A Acc |
31833 |
RT10 |
Citicode |
Yes
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£637.50 |
Threadneedle American R Acc GBP |
32280 |
TH28 |
Citicode |
Yes
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£646.00 |
Fidelity Moneybld Income |
28350 |
FJ84 |
Citicode |
Yes
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£765.00 |
Invesco Perp Corporate Bd Acc |
31334 |
P181 |
Citicode |
Yes
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£765.00 |
Aviva Inv Property Trust Acc |
31159 |
NM40 |
Citicode |
Yes
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£901.00 |
M&G Property Portfolio A Acc GBP |
28231 |
FBV8 |
Citicode |
Yes
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£1,020.00 |
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£8,500.00 |
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Using the Fund Provider Axa Elevate the total for investment is £8,500.00. |
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