Getting started with Arcturus
This is a step by step guide to initiating the process of becoming a client, what it entails, and how it works in practice:
step I - about arcturus
Review the important first steps to ensure you know the key facts about Arcturus:
- The firm's entry (AI Wealth Management LLP) on the FCA Register >>
- Arcturus' Unbiased profile >>
- Statement of Professional Standing and CISI Code of Conduct >>
Step II - Financial Planning Review
The second step is to make a start at completing the relevant sections of the Financial Planning Review. There will often be questions at this stage, so please feel free to send in by email any questions, or speak to us on the phone.
If you are looking to transfer pensions out of a company defined benefit scheme, this review should be completed in conjunction with the below Pension Transfer Questionnaire.
Step III - risk questionnaire
Next, review and complete the ARC Research Risk Profile Questionnaire, which will provide some guidance and indications of your attitude to risk. This is a crucial part of the task of providing you with suitable advice, whether it is financial planning advice or specific investment advice.
step IV - terms of business
When ready, review the Terms of Business. For most cases, these terms are kept as streamlined as practicable; where applicable, specific sections can be added where mutually agreed.
step V - Letter of Authorisation
Where this applies, we will need a Letter of Authorisation (LOA) to speak to any financial services companies that you have had dealings with. Often these are pension providers or administrators. The original letter, signed by you, should then be sent to the relevant company. We can assist with this process , and will then make contact directly with the company 3-5 working days after the letter has been sent.
step VI - Pension Transfer Questionnaire
Where this applies, if you are transferring to a SIPP or other DC scheme from a DB scheme, this can be completed in lieu of the above general Financial Planning Review. We will shortly be constructing a dedicated pension transfer page which will include literature, forms and standard charges.
step VII - Fee agreement
Prior to sending you the Fee Agreement, we will of course have discussed how we will charge for the work we have jointly agreed to undertake. For one-off projects, this is a straight forward agreed amount.
We generally request 50% of the total within two weeks of commencing the project, with the balance due on completion of all agreed work.
step VIII - agree meeting date and overall timeline
We will then agree and document our next scheduled contact, whether this be in person, on a video call, a standard phone call or email. Also the overall timeline should be considered for key dates to complete identified tasks and achieve certain milestones.