Pro Fact Find Standard and Detailed Fields

Pro Fact Find Standard and Detailed Fields

Advice Revolution Pro Fact Find empowers advisers with two options to gather client information: Standard and Detailed. This flexibility allows you to choose the right level of detail based on your client's needs. The table below compares the Standard and Detailed Fact Finds to help you select the most appropriate approach for efficient data collection.



Client Details
CLIENT DETAILSStandardDetailed
Title✔✔
First Name✔✔
Middle Name/s✔✔
Last Name✔✔
Is your first name your preferred name?✔✔
Date of Birth✔✔
Marital Status✔✔
Gender✔✔
Housing Status✘✔
Australian Residency Status✘✔
Are you a tax resident of Australia?✔✔
Country of Residence✘✔
Country of Citizenship✘✔
Country of Birth✘✔
Have you ever been declared bankrupt?✘✔
What is your highest level of educational attainment?✔✔
How would you rate your current health?✔✔
Do you have any health issues?✔✔
How tall are you (in cm)?✘✔
How much do you weigh (in kg)?✘✔
Do you smoke?✘✔
Do you or have you smoked in the past 12 months?✘✔
How many cigarettes a day on average do you smoke?✘✔
Do you drink?✘✔
How many alcoholic beverages a week on average do you drink?✘✔
Do you have private health insurance?✘✔
What is your address?✔✔
What are your contact details?✔✔
Add Partner✔✔
Add Family Member✔✔
Add Children✔✔
Add Friend✔✔
Add Contact✔✔
Add Professionals✔✔
Notes✔✔


Income

INCOME (EMPLOYMENT)StandardDetailed
Which Employer does this income apply to?✔✔
What is your Role with this employer?✔✔
Salary/Wages (Amount Frequency, Annualised, Notes)✔✔
Bonus (Amount Frequency, Annualised, Notes)✔✔
Commission (Amount Frequency, Annualised, Notes)✔✔
Allowance (Amount Frequency, Annualised, Notes)✔✔
Contract (Amount Frequency, Annualised, Notes)✔✔
Fringe Benefits (Amount Frequency, Annualised, Notes)✔✔
Tips (Amount Frequency, Annualised, Notes)✔✔
Director's Drawings (Amount Frequency, Annualised, Notes)✔✔
Other Income (Amount Frequency, Annualised, Notes)✔✔
Total Gross Annual Income✔✔
Which superannuation fund is this related to?✔✔
What percentage of superannuation do you get paid on this income?✔✔
Annual Superannuation✔✔
INCOME (CENTRELINK)StandardDetailed
What type of Centrelink payment?✔✔
Amount✔✔
Frequency✔✔
Annualised✔✔
Is this payment Asset and Income tested?✘✔
Notes✔✔


Employment

EMPLOYMENTStandardDetailed
Current or previous employment✔✔
What is your employment status?✔✔
Who is the Employer? | Add Employer✔✔
Type of Employment✔✔
What do you do with your time while not being employed?✔✔
Is this your primary employment?✔✔
Title or Role✔✔
Start Date✘✔
End Date✔✔
Working Hours per Week✘✔
How many days leave do you have? (Annual, Sick. Other)✘✔
Stage of business✘✔
Number of people you manage✘✔
Have the last 2 years' tax returns been finalised?✘✔
Where do you often work? (Please tick all that apply)✘✔
Time spent | Office✘✔
Time spent | Home✘✔
Time spent | Building site - On the tools✘✔
Time spent | Building site - Supervising✘✔
Time spent | Manual Labor site✘✔
Time spent | Manual Labor site - Supervising✘✔
Time spent | Mine, Oil, Gas Field✘✔
Time spent | Driving - Urban✘✔
Time spent | Driving - Rural✘✔
Total✘✔
Please specify if you work in a Mine, Oil, or Gas Field.✘✔
Where is the Mine, Oil, or Gas Field located?✘✔
On the average, how far do you drive in the rural area? (in km)✘✔
Do you undertake or deal with any of the following?✘✔
Dangerous goods: What type of dangerous goods do you deal with?✘✔
Dangerous goods: How do you use/interact with them in your work?✘✔
Heavy lifting: What items do you lift and how heavy are they?✘✔
Heavy lifting: How often do you lift them?✘✔
Frequent flying: How often do you fly?✘✔
Frequent flying: How long do you stay away from home?✘✔
Work from heights or underwater: How high or how deep?✘✔
Work from heights or underwater: Usual time spent on heights or underwater?✘✔
Employment Notes✘✔

Assets

ASSETSStandardDetailed
What is the asset type?✔✔
What is the asset sub type?✔✔
Details (Provider, Property Address)✔✔
Details (Cash account type, Make, Model, Acc Num)✘✔
Description✔✔
Purchase Value✘✔
Purchase Date✘✔
Current Asset Value✔✔
Is this asset funded by a debt?✔✔
Maturity Date✘✔
What is the centrelink valuation?✘✔
What date was this valuation provided?✘✔
Legal Type of Title✔✔
Property Type✔✔
Zoning Type✔✔
Who owns this asset? | Add Owner✔✔
Is there any income associated to this asset? | Add Income✔✔
Are there any expenses associated to this asset? | Add Expense✔✔
Are there regular contributions or withdrawals? | Add Regular Contribution✘✔
Are there regular contributions or withdrawals? | Add Withdrawal✘✔
Does this asset have any debts that are secured against it?✔✔
Which debts does this offset account relate to?✔✔
Are there any related assets?✘✔
Is this linked to any advice?✘✔
Date Sold✘✔
Notes✔✔

Debts

DEBTSStandardDetailed
What is the debt type?✔✔
What is the debt sub type?✔✔
Provider of loan✘✔
Account Number✘✔
Description✔✔
Initial Loan Amount✘✔
Balance Outstanding✔✔
Credit Limit✘✔
Loan Start Date✘✔
Loan Term (Years)✘✔
Interest Rate Type✘✔
Interest rate✘✔
When does the fixed interest rate period end?✘✔
Repayment Type✔✔
Is the loan paid annually in advance?✘✔
When does the interest only period end?✘✔
How much is tax deductible?✘✔
Recommendation type✘✔
Who are the holders of this debt?✔✔
What are the repayments for this debt?✔✔
Who are the guarantors of the debt?✘✔
Are there any expenses for this debt?✘✔
Are there any drawdowns for this debt?✘✔
Which assets secure this debt or are held as collateral?✘✔
Notes✔✔


Expenses. Please see video for more explanation. 
EXPENSESSimpleDetailed
Simple Expenses - Essential Expense✔✘
Simple Expenses - Lifestyle Expense✔✘
Simple Expenses - Loan Repayments✔✘
Education - Extra Curricular Activities✘✔
Education - Other Education Expenses✘✔
Education - Preschool✘✔
Education - Primary✘✔
Education - Secondary✘✔
Education - Tertiary✘✔
Food - Dining Out✘✔
Food - Groceries✘✔
Food -Other Food Expenses✘✔
Health - Dental✘✔
Health - Fitness expenses✘✔
Health - Home care✘✔
Health - Home care✘✔
Health - Medical✘✔
Health - Medication✘✔
Health - Optical✘✔
Health - Other health expenses✘✔
Home - Council Rates✘✔
Home - Housekeeper or gardener✘✔
Home - Other home expenses✘✔
Home - Rent✘✔
Home - Technology and household furniture✘✔
Insurances - Car insurance✘✔
Insurances - Health insurance✘✔
Insurances - Home and contents insurance✘✔
Insurances - Life Insurance✘✔
Insurances - Other insurance expenses✘✔
Leisure - Alcohol and tobacco✘✔
Leisure - Entertainment✘✔
Leisure - Gambling✘✔
Leisure - Hobbies✘✔
Leisure - Holidays✘✔
Leisure - Memberships✘✔
Leisure - Other Leisure✘✔
Leisure - Socialising✘✔
Leisure - Sports✘✔
Personal - Beauty✘✔
Personal - Childcare✘✔
Personal - Clothes✘✔
Personal - Donations✘✔
Personal - Gifts✘✔
Personal - Hair✘✔
Personal - Other personal expenses✘✔
Personal - Personal care✘✔
Personal - Pet Care✘✔
Services - Advice Fees✘✔
Services - Investment Property Expenses✘✔
Services - Investments✘✔
Services - Other Services Expenses✘✔
Services - Professional Service Fees✘✔
Transport - Fuel✘✔
Transport - Other transport expenses✘✔
Transport - Parking✘✔
Transport - Public transport✘✔
Transport - Taxis and Ride Share✘✔
Transport - Vehicle expenses✘✔
Utilities - Cable and Streaming✘✔
Utilities - Electricity✘✔
Utilities - Gas✘✔
Utilities - Mobile, Phone and Internet✘✔
Utilities - Other Utilities Expenses✘✔
Utilities - Water✘✔
Debt Repayments✔✔

Retirement

RetirementStandardDetailed
Retirement Ambitions
What income do you require per annum in retirement?✘✔
What is your intended retirement age?✘✔
Minimum income required✘✔
Additional retirement lumpsum✘✔
Centrelink Details
What is your Centrelink Customer Relationship Number (CRN)?✘✔
Do you have any concession cards?✘✔
Have you been in continuous receipt of any benefits from 31 December 2014?✘✔
Have you gifted assets in the last five years?✘✔
Are you registered for the Pension Bonus Scheme?✘✔
Centrelink Notes✘✔
Superannuation and Pension Funds
What type of retirement?✔✔
What type of Pension account is it?✔✔
What type of Superannuation account is it?✔✔
Fund Name✔✔
Account Number✘✔
Provider✘✔
Who is the member of this fund?✔✔
Account Balance✔✔
Have you made any additional contributions to this fund in the last 3 years? | Add Contribution✘✔
Notes✔✔

Entities

ENTITIESStandardDetailed
Entity type✔✔
Name✔✔
Trading Name✔✔
Company Type✔✔
Company Liability✔✔
Trust Type✘✔
Country of Establishment✘✔
Establishment Date✘✔
Business Value✘✔
Total Issued Shares✘✔
Capital losses carried forward✘✔
Location of Deed✘✔
Date of Deed✘✔
TFN✘✔
ABN✔✔
ACN✔✔
Registered for GST✘✔
What is the main activity or purpose of this company or Trust?✘✔
Who are the trustees?✔✔
What is the address?✘✔
What are the contact details?✔✔
Who are the SMSF Members?✔✔
Who are the directors?✘✔
Who are the shareholders?✔✔
Who are the Trust Beneficiaries?✔✔
Professionals | Add Professional✔✔
Notes✔✔

For questions or clarifications about the Fact Find Fields, you may send us a message at support@advicerevolution.com.au. Alternatively, if you want to book a 20 to 30- minute Get Help discussion with our team, kindly use this calendar to book the session.

Published on: June 21, 2024
Version 1.1


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