Useful Documents
On this page, exclusively available to our clients, you can view useful information about product providers, investment managers, and guides on topics related to your financial plans.
If you need any help or have suggestions for further documents or information we can include, please email sarah@balieycookfp.co.uk.
We are conscious that, due to the amount of regulation and complexity, financial planning can unfortunately generate a lot of paperwork. In line with our sustainable beliefs, we already try to print the minimum amount of documentation, in favour of electronic and emailed versions. However, that can soon clog up your inbox and computer storage. This is why we have created this page, as a convenient hub we can refer you to in order to see the documents you need.
Bailey Cook Financial Planning is not responsible for the content of external websites.
Preventing scams
Unfortunately, one of our clients has been scammed and indeed Charles has fallen foul of buying a small item off the internet without checking the reviews. If he had done so he'd have realised the item was never going to arrive. We are all busy and it's easy to take shortcuts (like Charles) or fall when someone catches you off guard.
We thought several aspects are important for you and your money. A good service offered for free is from Which and worth signing up for, being their Scam alert service.
A question asked is if your computer is hacked how safe are your funds held with the likes of abrdn. Can a hacker access abrdn or us asking for your funds? We carry out the administration so any withdrawal instructions cannot be made directly by you to abrdn, we do this on your behalf and indeed you'll know is always part of the overall planning and advice we give. We have experienced bogus e-mails purporting to be from a client asking for funds to be withdrawn. Where money is requested, only the two of us can give that authorisation and we will always check with you first. That verification responsibility lies with us.
Secure Emails
Email remains the most popular way for our clients to communicate with us but there are ever-increasing security concerns. We have adopted Mailock to secure any emails that we send to you containing personally identifiable information. We also take very seriously our duty of care to protect our client's data when we request that you send this type of documentation to us.
Our clients are all offered a free Mailock account which will enable them to send emails to us securely and protect their personal data. This free account allows you to reply securely to any confidential emails you receive from us. You will also be able to send up to five free secure emails per month to us or other recipients. Adoption of the Mailock secure email system is a crucial step as part of our ongoing services, demonstrating our commitment to information security.
If you've already registered for a Mailock account because you have replied to secure emails in the past, you don't need to do anything.
To create your free Mailock account, it's easy. Simply click on this link and follow the instructions to set up your profile.. You'll be able to send encrypted emails and documents (for example, a copy of your passport) that only the right people can open.
Summary Guide: Gifting and Inheritance Tax Planning
We know that tax efficient intergenerational planning is an important issues for many of our clients, which is why we have produced this summary.
Summary Guide: Attitude to Investment Risk
When you invest money, it is important that we agree your attitude to investment risk and invest in corresponding funds or portfolios. We use a scale of one to five, and you can view the definitions of each risk level here.
Summary Guide: Vulnerable Clients policy
When we provide financial advice, we take great care to explain our recommendations clearly, so that our clients understand the implications of that advice and can make informed decisions.
Some clients may have difficulty in communicating their needs and objectives, or understanding what we are recommending and why. We have a Vulnerable Clients Policy in place to ensure we take extra care to identify and support those individuals. You can read a summary here.
Summary Guide: Investment Manager Profiles
We recommend various investment managers based on our initial and ongoing detailed research and due diligence. Click here to view profiles of the main investment managers we recommend.
Summary Guide: Wraps and Platforms
When you invest money, you usually do so via a ‘wrap’ or ‘platform’, such as those provided by AJ Bell or abrdn. Here we summarise what a wrap or platform is, and profile these companies.
abrdn Wrap documents
You can view useful documents here regarding your investments or pensions held on abrdn (formerly Standard Life) Wrap, such as Terms & Conditions and Key Features Documents.
Please click here for access. You will need your abrdn Wrap login and password.
If you need any help please email sarah@baileycookfp.co.uk.
AJ Bell Investcentre documents
You can view useful documents here regarding your investments or pensions held on AJ Bell Investcentre, such as Terms & Conditions and Key Features Documents.
Financial Services Compensation Scheme
In the unlikely event that you have an investment or pension and the provider has gone out of business, you may be able to claim compensation with the Financial Services Compensation Scheme ('FSCS')'
Glossary
The world of financial planning is unfortunately littered with jargon, and try as we might to communicate clearly, you may come across terms and be unsure what they mean.
We therefore thought it would be useful to share with you this helpful Prudential glossary of financial terms.
Summary Guide: Product Descriptions
When you invest money, you usually do so via an investment or pension ‘product’. These are defined in UK law and regulation and facilitate the investment and determine how it will be taxed. Click here to view descriptions of some of the common investment and pension products.
Summary Guide: Managed Portfolio Services
One type of investment we recommend is via a Managed Portfolio Service (‘MPS’), such as those provided by Brooks Macdonald or LGT Vestra. Here we summarise what a Managed Portfolio Service is.
