02 — Capability · BC-1760.10
Financial Advice & Planning
Understand each client's goals, circumstances and attitude to risk well enough to recommend a plan and investments that suit them, and keep that advice current. Identity and due diligence checks sit in the financial crime lens.
- Wealth Planning
- Investment Advice
- Advisory Services
In scope
- Client fact-finding, risk profiling and investment account setup
- Financial, retirement and estate plans
- Suitability and appropriateness assessment
- Periodic advice reviews
Out of scope
- Customer due diligence and identity verification (see BC-1770.10)
- General customer research and segmentation (see BC-410.30)
Realized by · 0
- No product in the catalog yet.
Used in · 3
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 5
- BC-1760.10.10Client Risk ProfilingEstablish each client's objectives, time horizon, risk tolerance and capacity for loss, and record the profile that later advice must respect.
- BC-1760.10.20Client Financial PlanBuild a plan that projects the client's income, spending, savings and investments toward their goals and shows the trade-offs between them.
- BC-1760.10.30Investment Suitability AssessmentCheck every recommendation and product against the client's profile and record why it suits them before it is acted on.
- BC-1760.10.40Retirement & Estate PlanningPlan retirement income drawdown, wealth transfer and trusts so the client's assets meet their needs and pass on as intended.
- BC-1760.10.50Investment Account Setup & TransfersOpen investment accounts with the right registration, ownership and tax wrapper, and move assets in or out from other firms in cash or in kind without loss or delay. Identity and due diligence checks sit in the financial crime lens.