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Financial planning for managed or shared property — Financial adviser

Identify the organisation or management client, the funds concerned and the planning purpose. Specify whether you need an operating budget, reserve planning or another financial-advice service. Explain who may approve decisions and whether any regulated advice is being requested.

Service scope

Agreed financial planning or budget-related advice for an identified shared-property organisation or management client. The adviser distinguishes administrative budgets, reserve planning and any regulated financial advice, while stating who owns the funds and what authority is granted.

What is normally included

  • Establish the client, funds and planning objective
  • Prepare the agreed budgets or financial-planning outputs
  • Explain assumptions and decision responsibilities

What is not included

  • No automatic investment or handling of owner funds
  • Assuming authority over owners' funds
  • Universal investment of maintenance reserves
  • Unreviewed handling of client money

Typical tasks

  • Establish the client, funds and planning objective
  • Prepare the agreed budgets or financial-planning outputs
  • Explain assumptions and decision responsibilities
  • Organise the supplied income, expenditure and project information for the planning brief
  • Record alternative budget assumptions without presenting them as guaranteed outcomes

What to include in your brief

  • Client and funds owner
  • Budgeting, reserve planning or regulated advice
  • Professional scope and mandate
  • Available budgets, accounts and planned maintenance or project costs
  • Planning horizon, required outputs and decision timetable

Choosing the right professional

Select an adviser suited to the actual planning work. Ask which activities require separately verified professional permissions and whether handling money is excluded.

Important considerations

  • Unclear ownership of funds can lead to an inappropriate planning mandate
  • Investment advice and routine budgets are different scopes

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