When creating a report 'from scratch' within Genovo you are prompted to select a Report Type. 



Each Report Type has been designed to cater for a different high-level advice scenario, and as a result provides a unique framework within the Genovo Report Builder from which to build your report. The Report Type selected will determine:


  • Which sections are available in the Report Builder;
  • 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 (i.e. content) get included in the resultant report.


Within Genovo you'll find the following Report Types.


Suitability Report


The suitability report is the most commonly used report type. It has been designed to ensure you fulfil all 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 report sections that are available within Genovo via this option; and it is thus the most comprehensive option, covering virtually every possible advice scenario. It can include:


  • A summary of the client's circumstances.
  • A summary of the client's assets and liabilities, and IHT position.
  • A summary of the client's objectives.
  • An overview of any existing provision the client(s) already have in place to meet their objectives.
  • Confirmation of the client's risk profile, as well as their knowledge & experience.
  • A summary of the key outputs / outcomes of the client's cash flow plan.
  • A detailed review of the client's existing plans.
  • Detailed information about any new plans being recommended (including mortgages).
  • Ex-ante plan charges disclosure.
  • A summary of the service you have agreed to provide to the client.
  • The client's other needs and planning considerations.
  • Any next steps and action required by you or the client.
  • An adviser / client declaration.
  • Relevant product and technical notes in the appendix.


Here’s what the Report Builder looks like as standard and the available report sections for a new Suitability Report.




Review Report - Recommendations


This is a slightly trimmed down version of the Suitability Report and has been specifically designed to allow users to provide an existing client with a holistic and comprehensive review of their financial affairs as part of an annual (or more frequent) review service. Much like the Suitability Report, it is also possible within this report type to include recommendations in respect to the client's existing and / or new plans.  It can include:


  • An update on the client's circumstances.
  • An update on the client's assets and liabilities, and IHT position.
  • A detailed review of the client's objectives.
  • A review of the client's risk profile, as well as their knowledge & experience.
  • 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 detailed review of the client's existing plans.
  • Detailed information about any new plans being recommended (excluding mortgages and DB transfers).
  • Ex-ante and / or  ex-post plan charges disclosure in line with MiFID II reporting requirements.
  • A review of the service you have provided to the client since their last review.
  • The client's other needs and planning considerations.
  • Any next steps and action required by you or the client.
  • An authority to proceed.
  • Relevant product and technical notes in the appendix.


Here’s what the Report Builder looks like as standard and the available report sections for the Review Report - Recommendations.



To find out more about how to write a 'Recommendations' review report click here.


Review Report - No Change


The 'Review Report - No Change' report is much shorter and more plan focused than the 'Review Report - Recommendations'. 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) as part of an annual review service. It can include:


  • An update on the client's circumstances.
  • A review of the client's risk profile.
  • A summary of the client's existing plans with confirmation of continued suitability. 
  • Ex-ante and / or  ex-post plan charges disclosure in line with MiFID II reporting requirements.
  • A review of the service you have provided to the client since their last review.
  • Any next steps and action required by you or the client.
  • An authority to proceed.


Here’s what the Report Builder looks like as standard and the available report sections for a 'no change' review report.



To find out more about how to write a 'no change' review report click here.


To see how you can write a 'no change' review report in less than 5 minutes in Genovo click here.


Fund Switch Report


It is possible to recommended a fund switch within a suitability or 'Review Report - Recommendations' report. However, if you’re only recommending a fund switch or change of investment strategy then the Fund Switch Report will streamline the report writing process and result in a more concise and streamlined report covering all of the salient points. It can include:


  • An update on the client's circumstances.
  • A review of the client's risk profile.
  • A summary of the client's existing plans with a recommendation to 'switch the underlying investments'.
  • "Before and after" ex-ante plan charges disclosure so the client can clearly see the impact the recommendation has had on the plan's charges.
  • Any next steps and action required by you or the client.
  • An authority to proceed.


Here’s what the Report Builder looks like as standard and the available report sections for a Fund Switch Report.



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


Top-up / Bed & ISA Report


It is also possible to recommend a top-up of a client's existing investment(s) / pension(s), or a bed and ISA within a suitability or 'Review Report - Recommendations' report. However, if you're only recommending a top-up, bed & ISA, or both, then the Top-up / Bed & ISA Report is going to provide a more concise and streamlined option. It can include:


  • An update on the client's circumstances.
  • A summary of the client's objectives.
  • A review of the client's risk profile.
  • A summary of the client's existing plans with a recommendation to top-up or bed & ISA.
  • "Before and after" ex-ante plan charges disclosure so the client can clearly see the impact the recommendation has had on the plan's charges.
  • Any next steps and action required by you or the client.
  • An adviser / client declaration.
  • Relevant product and technical notes in the appendix.


Here’s what the Report Builder looks like as standard and the available report sections for a Top-up / Bed & ISA Report.



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


To see how you can write a Top up / Bed & ISA report in less than 8 minutes in Genovo click here.