By now you should already have completed a full fact find and having established your needs and objectives, we should have made a recommendation for a suitable product. To enable us to fine-tune your attitude to risk to this particular investment, we will complete the Admiral Risk Profiler for Investments.

To enable us to complete the risk profiler, please complete this questionnaire, ensuring all questions are answered and that they are in relation to this particular investment only.

The resultant risk score will vary from one to ten, with one being the least risky and ten the most risky. A risk score of one will result in a suggested portfolio consisting mostly of cash, with then resulting in a portfolio heavily weighted in equities. Intermediate scores will result in a broader spread of asset classes. We will explain the relationship between these risk scores and your investment.

The risk assessment is simply a guide based on information provided and does not take into account your full personal circumstances.

The decision to invest - be it in accordance with your risk assessment score, or more conservatively or more aggressively - is always at your discretion.

Section 1: Trustee Details

Trustee 1
Title:
First Name:
Middle Name:
Surname:
 
Trustee 2
Title:
First Name:
Middle Name:
Surname:
Trustee 3
Title:
First Name:
Middle Name:
Surname:
 
IFA Reference:

Section 2: Risk Profile Questions

A. How long do the trustees intend to hold on to this investment? (This time period is very important in the risk assessment process.)

B. Do the trustees have an emergency fund to provide for unexpected expenses, so as to avoid drawing on medium to long term savings to meet immediate needs?

No
Yes - but very small
Less than 6 months' capital and income requirements
Around one year's capital and income requirements
More than two years' capital and income requirements

C. What is the trustees' expectation of the trust's income over the next five years?

We expect the income of the trust fund to decrease
We expect the income of the trust fund to keep pace with inflation
We expect the income of the trust fund to increase somewhat ahead of inflation
We expect the income of the trust fund to far outstrip inflation
We expect the income of the trust fund to fluctuate

D. What percentage of the trust's total assets are the trustees proposing to invest now?

Less than 25%
25% to less than 50%
50% to less than 75%
75% or more

E. Which statement most closely reflects the trust's current financial situation?

The trust is completely loan free
The trust is loan free but has a few other obligations
The trust has a reasonable loan (or loans) but no other obligations
The trust has a loan (or loans) and a few other obligations
The trust has a lot of obligations

F. Which statement most closely reflects the trustees' objectives for this investment?

Risk averse and not prepared to expose my investments to high volatility to earn higher long-term returns. Stable annual returns are desired.
To achieve higher long-term returns; prepared to tolerate reasonable levels of volatility.
To maximise long-term returns and spend little time worrying about short-term market movements.

G. At the beginning of the year the trust has £100,000 invested. The chart and options below show the performance of five different hypothetical investments. Each bar gives a range of possible values at the end of the same year. Which investment are the trustees most happy with? (The chart is for illustrative purposes only and does not reflect the performance of a specific index or fund.)

Portfolio A: £114,000 to £96,000
Portfolio B: £124,000 to £90,000
Portfolio C: £131,000 to £84,000
Portfolio D: £138,000 to £78,000
Portfolio E: £144,000 to £72,000

H. What level of fall in the value of this portfolio over a one-year period would concern the trustees, bearing in mind that equity investment requires a long-term view?

0% to just under 5%
5% to just under 10%
10% to just under 15%
15% to just under 20%
None of these concern me/us

I. Suppose one year ago the trust invested £100,000 in a portfolio. The market value has gone down during the period and your investment is worth £87,000. Would the trustees:

Sell the portfolio and invest the proceeds in a less volatile investment?
Sell part of the portfolio and invest the proceeds in a less volatile investment?
Sit tight expecting the the portfolio to recover?
Sell the portfolio and invest the proceeds in something riskier to try to recoup your losses?
Invest more money in the same portfolio?

J. The trustees are more concerned that the investments grow faster than inflation than about returns over any one-year period.

Strongly agree
Agree
Neutral
Disagree
Strongly disagree

K. If the trust could increase the chances of improving returns by taking more risk, would the trustees be:

Willing to take a lot more risk with all of your money?
Willing to take a lot more risk with some of your money?
Willing to take a little more risk with all of your money?
Willing to take a little more risk with some of your money?
Unlikely to take much more risk?

Section 3: The Trustees Investment Objectives

A. How much do you wish to invest?

B. Are you investing for:

Growth (i.e. optimised portfolio)
Income (i.e. yield portfolio)

C. If you are investing for growth (i.e. optimised portfolio) is there a target amount you wish to achieve? If so, what is it? (In deciding upon your target, please allow for the effect of inflation, investment risk and your tax position)

D. When do you need this money or how long do you want to hold on to this investment?

E. If you are investing for income (i.e. yield portfolio) what is your expected tax rate?

Starting
Basic
Higher

F. What annual yield do you require (after allowing for the specified tax rate)?

Investors should assess the acceptable inflation and investment risk of not meeting a given target (after allowing for personal tax), particularly for periods under 10 years for volatile investments.

Section 4: Your Risk Assessment

We shall input your answers to our Risk Questionnaire into our Risk Profiler, which will compute a suggested risk score and asset allocation. The risk score gives an indication of the level of risk you may be prepared to take on a range from 1 (low risk) to 10 (high risk). As mentioned earlier, the risk score is only a guide, and you can decide, with the help of your adviser, to invest more conservatively or more aggressively.

If you are happy with your answers and you agree to us using the information as stated in the above paragraph, please type I AGREE in the box below and submit the form.