New ‘Assets & Liabilities’ and ‘Income & Expenditure’ tables + ‘Agreed Objectives & Priorities’ changes

We have completed the latest upgrade to ATEB Suitability on 27th October 2021. This update comes at no additional cost and provides various template enhancements.

Full details of the enhancements can be found in the tables below, but some of the highlights are:

Upgraded ‘Agreed Objectives & Priorities’ section

For firms who prefer to capture client objectives via free text rather than using ATEB standardised wording, we have added a new ‘Personalised free text format’ option. This will allow firms to add any number of free text objective headings and descriptions of their choice.

Upgraded ‘Summary of Advice’ section

The ‘Summary of Advice’ section has been upgraded, to include both paragraph and bullet point free text. The paragraph text can be used as an introduction to the bullet points or as a standalone paragraph.

New ‘Assets & Liabilities’ and ‘Income & Expenditure’ tables added

A new option – ‘Summary of the Client(s) Current Financial Circumstances’ has been added to the ‘Current Personal & Financial Circumstances’ section. On selection, firms will be prompted to complete an Assets & Liabilities and Income & Expenditure table on either a single or joint basis.

New formatting functionality added for risk profile images
For firms who have added their own risk profiles (and corresponding images) centrally to the Content Management area, it is now possible to choose whether the risk image sits to the right of the risk description within the generated document or below it. Please note – if the risk profile image spans half the width of an A4 page or more, it is recommended that you select the ‘Below’ option to avoid the risk image been compressed on the page.

Important Note: ‘Continued Suitability Review Letter (Legacy)’

Following the notice provided within our April 2021 bulletin, the ‘Continued Suitability Review Letter (Legacy)’ template will be removed from the system on 14th November 2021. Please note – the Continued Suitability Letter will still be available to all users via the ‘Periodic Suitability Review Report/Letter’. We encourage all firms to cease using the legacy template as soon as possible.

Template Change Details

Suitability Report

Change at a glance Location Detail
New free text functionality added to ‘Agreed Objectives & Priorities’ tab. Introduction to Advice page Agreed Objectives & Priorities tab Following customer feedback, a new personalised free text option has been added.
Bullet point free text box added to ‘Summary of Advice’ tab. Introduction to Advice page  Summary of Advice tab Firms can now capture a summary of their recommendation(s) in paragraph or bullet point format.
New risk image formatting functionality added to ‘Attitude to Investment Risk’ tab. Introduction to Advice page → Attitude to Investment Risk tab Firms can now choose whether the risk image they have added centrally to the Content Management area sits to the right of the risk description in the generated document or underneath it.
New ‘Summary of the Client(s) Current Financial Circumstances’ section added to the ‘Current Personal & Financial Circumstances’ tab. Introduction to Advice → Current Personal & Financial Circumstances tab → Summary of the Client(s) Current Financial Circumstances Firms can now capture the ‘Assets & Liabilities’ and ‘Income & Expenditure’ of a client in table format on either a single or joint basis.
Bullet point free text functionality added to ‘Current Personal & Financial Circumstances’ tab Introduction to Advice → Current Personal & Financial Circumstances tab → Summary of the Client(s) Current Financial Circumstances The ‘Personalised Paragraph about Current Personal and Financial  Circumstances’ section has been renamed ‘Summary of the Client(s) Current Personal Circumstances’ and firms can now capture a summary of the client(s) personal circumstances in paragraph or bullet point format.

Please don’t forget we have a collection of ‘how to’ guides, articles and hints/tips via our FAQs which are available on our Help & Support Portal.

Our support team are available 9am – 5pm / Mon – Fri to answer any further questions you may have support@atebsuitability.co.uk / 0191 338 8177.

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

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About the Author

Doug has over 14 years experience in the financial services industry and works as a Product Consultant for ATEB Suitability. He provides training and support for our users and also looks after the content of our suitability report templates. He loves to catch up with customers and is always available for a friendly chat.

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