When you create a new report for a client within Genovo you are prompted to select a report type. 



The different report types have been designed to cater for different advice scenarios, and the report type selected will determine:


- Which sections show in the Report Builder for that report;

- Which steps show in the Wizard Sections included within the Report Builder;

- Which recommended actions show in the recommended action step of the review sections; and

- Which snippets (content) get included in the resultant report.


Within Genovo you'll find the following report types.


Suitability Report


This has been designed to ensure you fulfil all of the regulator's expectations of you when recommending a new product for a new or existing client and / or replacement business. You can access virtually all of the sections via this option; and it is thus the most comprehensive option, covering the widest range of advice scenarios.


Review Report 2.0


This is our second generation review report. It has been designed to allow users to provide an existing client with a holistic review of their financial affairs, as well as their existing investments as part of an annual (or more frequent) review service. It can include:


- An update on the client's circumstances.
- An update on the client's assets and liabilities.
- A review of the client's attitude to risk.
- A detailed review of the client's objectives.
- A summary of the key outputs / outcomes following a review of the client's cash flow plan.
- A review of the client's existing plans with recommendations to retain, top-up, withdraw an income / lump sum or switch funds.
- Ex-ante and / or ex-post charges disclosure in line with MiFID II reporting requirements.

- A review of your service so you can demonstrate the value you have provided to the client over the past twelve months / since your last review.
- Any next steps and action required by you or the client.
- An authority to proceed.
- Relevant product and technical notes in the appendix.


To find out more about how to write a Review Report 2.0 click here.


Fund Switch Report


Of course it's possible to recommended a fund switch within a suitability or review report within Genovo. However, this report has been specifically designed to streamline the process of recommending a new fund switch / change of investment strategy for a client's existing plan(s). The result is a concise and reader-friendly report covering all of the pertinent points.  


To find out more about how to write a Fund Switch Report click here.


Top-up / Bed & ISA Report


In much the same way as the above, it's possible to recommend a top-up to a client's existing investment(s) / pension(s), or a bed and ISA within a suitability or review report within Genovo. However, if this is all you're looking to recommend, then this is the option for you. Again, the result is a concise and reader-friendly report covering all of the pertinent points.  


To find out more about how to write a Top-up / Bed & ISA Report click here.


Continued Suitability Report


This is shorter and more product focused than the Review Report 2.0. It has been specifically designed to fulfil the requirements of MiFID II reporting where there has been no change in the client's investment objectives and you solely wish to confirm to the client the on-going suitability of their existing investment(s). It can include:


- An update on the client's circumstances.
- A review of the client's attitude to risk.
- A review of the client's existing plans with recommendations to retain.
- Ex-ante and / or  ex-post charges disclosure in line with MiFID II reporting requirements.

- A review of the service you have provided to the client over the past twelve months / since your last review.

- An adviser / client declaration.


To find out more about how to write a Continued Suitability Report click here.


Review Report 1.0


This is our original review report and has now been superseded by the Review Report 2.0 (see above). It is a slimmed down version of the Suitability Report, and was originally designed to allow users to provide existing clients with a review of their investments. Although this report remains available and continues to work as it always has done, we would recommend using the new Review Report 2.0 moving forward.