Reviewing a Record of Advice draft

What a Tallify Record of Advice and needs analysis contain, how to work the [ADVISER TO] marks, and editing in the console or in Word before signing.

The Record of Advice

Sections follow section 9 of the General Code of Conduct: the parties and the FSP details, the client's circumstances and objectives, the information the advice is based on, the needs analysis summary, the products considered, the recommendation and the reasons for it, replacement comparison where relevant, costs and fees, disclosures, and the signature block. The products, cover and premiums come from your worksheet; the narrative around them is written by Claude. Every draft carries the note that it is not valid until reviewed, amended and signed by the adviser.

The needs analysis

Built by code from the worksheet: one section per need (retirement, life cover, disability, severe illness, income protection, education, estate and liquidity), with the arithmetic shown and the shortfall or surplus stated.

Working the marks

Each [ADVISER TO ...] mark flags a figure or an assumption a person must confirm. Checking the marked points is the first step of the signing chain: you cannot sign until they are done, so a client never signs a marked document.

Editing in the console

Choose Edit in console on the item under Approvals, Advice. The editor shows the Record of Advice and the needs analysis as two tabs of editable blocks: headings, paragraphs, bullet lists, tables, callouts and the signature block. Select a block; the tools on its right move or remove it, and the side panel adds a new block after it. The Flags panel lists every remaining mark; select one to jump to it.

Save RoA and FNA stores your version and re-renders both Word documents, so the downloads and the eventual filing use what you wrote. Saving files nothing. An edit after you have signed makes the signature stale, and you sign again.

Editing in Word

You can also edit the downloaded documents in Word and upload the edited versions on the approval item. An upload is taken as an edit unless you tick These are the client's signed copies.

Before you file, check the record against the Record of Advice guide: its checklist is the one a compliance review uses.