Best Interest Form Template UK

The Best Interest Form Template UK is offered in several formats, including PDF, Word, and Google Docs, and comes with customizable and printable examples.

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Sample

Best Interest Form Template UK

Editable – Printable

PDF – 1 PDF – 2

Best Interest Form Template UK

1. Client Information



2. Advisor Information



3. Client Needs Assessment

4. Best Interest Statement

5. Recommended Actions

6. Risks and Considerations

7. Client Consent

8. Review and Follow-up

9. Signatures and Agreement

10. Declaration and Signatures



PDF

WORD

Examples

Best Interest Form Template UK (1)
Client Information:
[Name of the Client]
[Client’s ID]
[Client’s Address]
[Client’s Phone]
[Client’s Email]
Advisor Information:
[Name of the Advisor]
[Advisor’s ID]
[Advisor’s Address]
[Advisor’s Phone]
[Advisor’s Email]
Purpose:
This document is to confirm that the financial products and services recommended are in the best interest of the client, following the assessment of their circumstances and needs.
Clause 1: Client’s Financial Situation
The Advisor will assess the Client’s financial situation, including income, expenses, assets, and liabilities, to ensure personalized recommendations.
Clause 2: Risk Assessment
A risk assessment will be conducted to understand the client’s risk tolerance, investment goals, and time horizon.
Clause 3: Recommendations
The Advisor will provide specific recommendations that align with the client’s financial goals and objectives, including potential products and services.
Clause 4: Fees and Costs
The Client acknowledges the advisory fees and costs associated with the recommended services, which will be clearly outlined during the consultation.
Clause 5: Client Acknowledgment
The Client agrees to the recommended products and services and acknowledges the importance of consulting regarding their suitability based on personal circumstances.
Signed in [City], [Date].
Sincerely,
[Signature of the Client]
[Name of the Client]
[Signature of the Advisor]
[Name of the Advisor]
Best Interest Form Template UK (2)
Client Information:
[Name of the Client]
[Client’s ID]
[Client’s Address]
[Client’s Phone]
[Client’s Email]
Advisor Information:
[Name of the Advisor]
[Advisor’s ID]
[Advisor’s Address]
[Advisor’s Phone]
[Advisor’s Email]
Objective:
This form outlines the process and the criteria used to determine that the financial advice and services provided are suitable and in the best interest of the Client.
Clause 1: Evaluation of Client’s Needs
The Advisor will evaluate the Client’s immediate and long-term needs, retirement planning requirements, and any specific financial goals they wish to achieve.
Clause 2: Financial Products Analysis
The Advisor will analyze various financial products to find those that suit the Client’s profile, including investments, pensions, and insurance options.
Clause 3: Comparative Analysis
The Advisor will disclose potential alternatives to the recommended products and explain the reasons for the selected recommendations.
Clause 4: Transparency of Costs
Details regarding fees, commissions, and any payments the Advisor may receive in connection with the advice given will be fully disclosed.
Clause 5: Ongoing Review
The Advisor commits to conducting regular reviews of the client’s financial situation and needs to ensure ongoing suitability of the recommended products.
Signed in [City], [Date].
Sincerely,
[Signature of the Client]
[Name of the Client]
[Signature of the Advisor]
[Name of the Advisor]

Printable

PDF – 1 PDF – 2

Best Interest Form Template UK