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Suitability Paragraphs for Sector FundsWhen sector funds have been recommended use the following paragraphs.Fund SelectionWhen making my fund recommendations I have followed the process I explained during our meeting.? Intrinsic Financial Services operates an Investment Committee, whose role is to review the process of fund selection and to ensure that recommended funds are appropriate for the needs of our clients.? The Committee works closely with the independent investment analysts, Old Broad Street Research Ltd (OBSR) and all of the funds which have been chosen are considered best of breed within their sector or investment type.? When assessing whether a fund is best of breed and likely to meet its objectives over the longer term the following factors are taken into account:The fund objectives and aims Performance of the fund is in line with expectations and is consistent with the investment objective The fund volatility profile Strategic asset allocation in alignment with the manager’s view of changing market conditions Quality of fund manager and their individual investment process The experience, skills and strength of the investment team The organisation’s attitude to risk and the fund manager’s appreciation of the trade off between risk and reward The funds contained in the Intrinsic recommended fund matrix have been chosen on the basis that the Investment Committee believe that the investment teams responsible for each fund have the relevant skills and experience to manage funds of this nature.However, mixed asset funds are not suitable for you in your current situation. Use this paragraph when client making regular contributions.You are making regular contributions to your plan and want to take advantage of the fluctuating price to give you a lower average purchase price over the term of your investment. As such the standard principle of rebalancing would not work for you. I have therefore recommended that you purchase the following funds.Use this paragraph if the client is approaching their investment goalsYou are about to reach your investment goal and therefore wish to reduce your exposure to volatility. I have therefore recommended that you invest (XX% of your funds) in/move (XX% of) your investment into the following funds.Use this paragraph if the client has an existing holding which you are trying to balance.You currently have a holding of ?XXX which you can’t/don’t want to sell because... If I recommended the standard funds you would continue to be overexposed in certain assets therefore, I have recommended the funds below.Fund RecommendationHaving discussed your personal attitude to risk and investment objectives I have recommended the following to meet your needs:Fund Name Amount Invested %[Enter fund names]I have selected a fund/ funds which invests in a particular sector because specific reason and the fund recommended is included within our Investment Governance process and therefore deemed suitable for this particular sector {Insert specific paragraph}.Blackrock CashBlackrock Cash is designed to achieve a high rate of interest, principally from a portfolio of cash, cash deposits and other money-market instruments. The Fund will be managed to produce a high rate of income. It is not aimed at investors seeking long-term capital growth.Blackrock UK Gilts All Stocks TrackerBlackrock UK Gilts All Stocks Tracker aims to track the Gilts All Stocks IndexOld Mutual Global Investors Corporate Bond FundThe Old Mutual Global Investors Corporate Bond Fund is primarily invested in investment-grade bonds (rated BBB- or above), but in line with sector guidelines it can invest up to 20% in high-yield bonds. Invesco Corporate Bond FundThe Invesco Corporate Bond Fund is primarily invested in investment-grade bonds (rated BBB- or above), but in line with sector guidelines it can invest up to 20% in high-yield bonds. A high conviction fund.Fidelity Strategic Bond FundThe Fidelity Strategic Bond Fund has a starting point of 60% allocation to investment-grade bonds and 20% each in government and high-yield bonds. The manager can make sustained and significant shifts from this starting point, with the ability to invest globally, and to hold 50% in high-yield bondsOld Mutual Global Investors Global Strategic Bond FundThe Old Mutual Global Investors Global Strategic Bond Fund is an unconstrained “go-anywhere” global bond and currency portfolio that is managed flexibly according to a thematic approach, with the manager seeking to add value through duration, yield curve, currency, and sector allocationsBlackrock UK Index FundThe Blackrock UK Index Fund aims to track the All Share IndexOld Mutual Global Investors UK Alpha FundThe Old Mutual Global Investors UK Alpha Fund is a higher- risk approach to investing in predominantly large-cap UK equities. The manager has concentrated approach to portfolio construction and backs thematic ideas with high conviction.Old Mutual Global Investors UK Equity Income FundThe Old Mutual Global Investors UK Equity Income Fund is suitable for investors seeking exposure to UK equities with an income bias and a balanced approach that seeks to deliver both income and capital growth.Artemis Income FundThe Artemis Income Fund is an actively managed fund that seeks to obtain a yield in the fund at least 110% of FTSE All Share yield Vanguard FTSE Dev World ex UK EquityIndex The Vanguard FTSE Dev World ex UK EquityIndex aims to track the FTSE Developed Ex. Uk IndexSchroders QEP Global Quant Core Schroders QEP (Quantative Equity Products) Global Quant Core manager maintains sector and country weightings within +/-2.5% of the MSCI World Index weightings, aiming to add value predominantly through stock selectionHenderson UK PropertyHenderson UK Property aims to achieve a high income together with some growth of both income & capital through investment primarily in commercial property and property related assets. Other investments may include money market instruments, derivatives and forward foreign exchange contracts.For further information on this fund, a copy of the Fund Fact sheet has been provided which also includes the current OBSR rating where appropriate.By selecting the appropriate paragraph below, confirm if the funds match the client’s ATR and if not, explain why the client has chosen to proceed with the fund selection. Use this paragraph if able to get holding to match clients ATR either now or within the medium term.As a result of my recommendation your portfolio’s over all volatility score is XX which is appropriate to someone with your risk profile/which does not match your risk profile but by selling some of your existing holding over the next x tax years we will be able to get your portfolio to match your risk profile by 20XX, subject to investment returns.Use this paragraph if unable to get holding to match clients ATR.I have investigated trying to balance your portfolio so that it matches your risk profile. However, I won’t be able to recommend a portfolio that matches your risk profile due to the size of your current holding, and you do not wish to sell some or all of your current holdings. The aim of these funds is to avoid adding to your exposure in current holding.Please see the Illustration, Key Features Document and Fund [Factsheet/Factsheets] provided for details of how the charges and risks may impact on your investment. It is important to note the value of your investment can go down as well as up and past performance will not necessarily be repeated. ................
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