Having selected the client(s) you wish to write your report to, you will be prompted within the Report Creation Method page to confirm the method you wish to use to create the initial framework for your report.
There are 3 options available:
- From scratch;
- Using a pre-configured advice scenario; or
- From an existing report template
This is the ‘vanilla’ option. Having selected the Report Type, all standard core sections for that report type will be auto-inserted into the Report Builder. However, you will need to add other sections from the 'Available Sections' drop down to reflect the advice you're providing. Having added all of the sections you require you will then need to work through and complete the steps of the wizard sections.
To see which sections you need to add into the Report Builder for a variety of advice scenarios click here.
However, figuring out which sections you need to add for different advice scenarios is really pretty straight forward and logical. Provided you remember the following general premise you’ll never go too far wrong.
- Recommendations in respect to existing plans are dealt with in review sections;
- New plan recommendations are dealt with in recommendation sections; and
- The recommendation of a new investment strategy for a new plan and / or a revised investment strategy for an existing plan is dealt with in the Recommended Investment Strategy section.
Having selected the option of 'From scratch', the Report Builder will look like this on entering it for the first time.
Using a pre-configured advice scenario
On selecting a pre-configured advice scenario, the Report Type will be auto-selected for you. In addition to the standard core sections for that report type, additional sections will be auto-inserted into the Report Builder to reflect the advice scenario selected. However, you will still need to work through and complete the steps of the wizard sections.
Having selected the option of 'Using a pre-configured advice scenario', the Report Builder may, depending on the advice scenario selected, look something like this on entering it for the first time.
In the above example, I selected the option of 'switch money purchase pension' as my advice scenario. This scenario is clearly ‘replacement business’ and as a result the Suitability Report type was auto-selected and the Review of Your Existing Pension Plans, New Pension Recommendation and Recommended Investment Strategy sections have been automatically inserted into the Report Builder in addition to the standard core sections that are inserted for a suitability report.
From an existing report template
This option uses a pre-existing report template with full, or partially completed wizard sections already inserted into the Report Builder as the starting point for creating your new report.
Having selected the option of 'From existing report template', the Report Builder may, depending on the template selected, look very similar to the screenshot above on entering it for the first time i.e. certain additional sections are included. However, with this option when you click into the actual sections you'll notice that some, or all of the steps of the wizard sections have been fully or partially completed already.
Finally it's worth remembering that Genovo is a multi product, multi section modular report builder that allows you to deal with multiple advice scenarios and recommendations in one report, and therefore irrespective of the method you select to create your report, you can always add or remove sections from the Report Builder as required.