Review:

• Conducted internally as a regular portfolio assessment
• Conducted by the adviser
• Overseen by Investment Committee
• Asset allocation
• Underlying fund performance
• Overall portfolio performance
• Benchmarking review

Report:

• Portfolio valuation
• Movements in asset allocation
• Rebalancing recommendation
• Other recommendations

Meeting:

• Arranged between adviser & client
• Discuss report
• Discuss results of review
• Consider changes in circumstances
• Consider income adopting tax efficiencies available
• Consider tactical changes depending on prevailing investment conditions
• Formally agree portfolio changes
• Formally agree portfolio rebalancing
• Consider and formally agree utilising other available tax allowances