Introduction
It is compulsory for Jigsaw Wealth Management (Jigsaw) advisers who give financial recommendations to clients to perform a ‘Needs Based Analysis’ (NBA) to establish a comprehensive understanding of an individual’s past and present financial situation and future objectives, to establish the clients attitude to risk and reward and over what period they wish to invest and to offer advice that best suits the client based on these findings.

What is a NBA?

A Needs Based Analysis is a comprehensive investment tool in the form of a questionnaire. It is used to obtain as much financial information about a client as possible so that Jigsaw’s advisers can make a proper assessment for the client as to his/her financial situation and to offer advice most suited to their needs.

The Practice
The first step in our NBA is to listen very carefully to our client’s to fully appreciate their requirements. We then explain our services to the client to establish whether what we offer can meet with the client’s requirements and or whether other services could be constructive.

Without fully comprehending what our clients require we cannot begin to formulate a clear understanding of their financial circumstances and risk profile. In order to achieve the optimum appreciation of our clients financial circumstances we have created an extensive ‘Needs Based Analysis’ questionnaire to ensure that. The questionnaire covers all aspects of a client’s financial circumstances, inclusive of current situation and future objectives.

We also look at risk and reward and the levels of comfort a client may seek from investment. What risk are they happy to take and what kind of rewards could this level of risk achieve. Our clients are made fully aware of the association between risk and reward and that the higher the potential reward the higher the risk one would take to obtain such. It is imperative that clients understand that investments can go down as well as up and that one might not always get back what was originally invested in adverse market conditions.

Once we have gathered all the information and satisfied ourselves that we fully understand the client’s financial circumstance we compile our analysis as a report “Without Obligation”, for clients to review. Our report details our client’s current particulars, financial position, objectives, risk appetite and advice/recommendations we make. Together with the report we offer financial market news and information and supporting documents for each and every segment of advice provided.

When our advice and recommendations are accepted, our client’s will complete our client service agreement which will be given to the client for his/her retention. All necessary papers required by the recommended investment institution will be finalized and bank instructions sent for fund remittance.

Once our relationship has been formalized as above we will continue to manage our client’s investments and will provide monthly updates and quarterly valuations thereafter. Our online valuations will be available daily together with other supporting information and regular market news is available on our website or upon request.