Money Tree Wealth Club

What is the Wealth Club?

Our Money Tree Wealth Club currently offers the following ongoing client service propositions:

Money Tree Bronze

Money Tree Silver

Money Tree Gold

Included below is a summary of what is included within each of the above service propositions:

Portfolio ValuationInvestor NewsletterReview MeetingInvestment Analysis ReviewFund SwitchesISA UtilisationOn-going E-mail & phone support
Included
(1 per year)
IncludedNot IncludedNot IncludedNot IncludedNot IncludedIncluded

Portfolio ValuationInvestor NewsletterReview MeetingInvestment Analysis ReviewFund SwitchesISA UtilisationOn-going E-mail & phone support
Included
(1 per year)
IncludedIncluded Every 2 yearsIncluded Every 2 yearsIncludedIncludedIncluded

Portfolio ValuationInvestor NewsletterReview MeetingInvestment Analysis ReviewFund SwitchesISA UtilisationOn-going E-mail & phone support
Included
(1 per year)
IncludedIncluded Every yearIncluded Every yearIncludedIncludedIncluded

Please click here for further information regarding our Ongoing Charges.

Content of the Wealth Check

Our Wealth Check may be conducted face to face or via telephone/e-mail but this will depend upon the client circumstances. As our service proposition does not normally charge out travel and disbursement separately to clients then any review meeting will be subject to the availability of our advisory team.

Our view is that the review meeting will be client led and may include a range of items for discussion, such as:

  • Discussion on Changes in Circumstance
  • Portfolio Review
  • Retirement Review
  • Contract Review
  • Insurance Review
  • Mortgage Review
  • Cash Flow Review
  • Drawdown Review
  • Discussion on Taxation

This is likely to be a focussed meeting that will cover the aspects that the client specifically wishes to cover, rather than covering every aspect of financial planning. This more focussed appraisal will help to improve the level of client engagement with the ongoing review which can hopefully evolve over time. We favour this approach to simply providing clients with information that they do not want, or do not necessarily need for the sake of meeting a rigid service proposition.

Post Review Work

Following the review meeting we would normally expect some form of meeting notes to be recorded with a copy issued to the client. These meetings notes should record any updated client information and the discussions that have taken place.

It would be an idea to update the following information as part of the review:

  • Client Fact Find
  • Attitude to Risk Form
  • Knowledge and Experience Form
  • Income and Expenditure Form

It is also advisable to review the Money Laundering Documentation held for the client, although depending on the outcome of the review it may not be necessary to update here.

As a result of the meeting there may be some further actions/points of interest that the adviser has agreed to follow up with the client. Examples of follow on work could include the following:

Potential Action Points

  • Fund Research
  • Portfolio Risk Analysis
  • Retirement or Investment Forecast
  • Contract Appraisal
  • Cash Flow Analysis
  • Tax Analysis/Advice
  • Annuity Quotes
  • Insurance Quotes
  • Mortgage Quotes
  • IHT Succession Planning
  • Wills

A further meeting may be required to agree and implement any follow on action points, although this may be conducted over the telephone. If a client does not wish to take up any specific action points raised by the adviser then it would be suggested that the adviser provide confirmation of this decision by the client in writing or via e-mail.

As a result of the further analysis this could trigger the need for a formal recommendation and suitability report to be provided to the client. In this case a standard advice process will need to be followed.