Understanding the key Fact-Find fields
This article explains what each Fact-Find section covers and highlights the most important fields within each one. For a full walkthrough of how to complete the form, see Completing the Prospo Fact-Find.
Personal Details
Captures identity and compliance information for each person in the client group.
FieldNotes
Title, First Name, Surname, Preferred Name
Date of Birth
Used in financial projection calculations
Place of Birth, Nationality, Residency Status
Years in Australia
Marital Status
Tax File Number
Medicare Number
Passport — number, country, expiry
Driver's Licence — number, state, expiry
Contact Details
FieldNotes
Residential address
Street, suburb, state, postcode, country
Postal address
Or tick "same as residential"
Mobile, home, work phone
Primary and secondary email
Preferred contact method and time
Emergency contact
Name, relationship, phone
Risk Profile
FieldNotes
Risk tolerance
Qualitative assessment
Risk capacity
Financial ability to absorb losses
Risk required
Return needed to meet goals
Risk score
1–10 numeric rating
Investment timeframe
Short, medium, long term
Investment experience
Loss aversion, market timing, herding behaviour
Behavioural factors
Balance Sheet — Assets
Liquid assets: Cash on hand, transactional accounts, savings accounts, offset accounts, term deposits, emergency fund.
Investments: Shares, managed funds, ETFs, bonds, cryptocurrencies, other investments.
Primary property:
FieldNotes
Address, property type, ownership type
Purchase price, estimated value, purchase date
Outstanding mortgage, equity
Main residence and CGT exemption
Investment property: Same as primary property, plus weekly and annual rent, rental yield, vacancy rate, depreciation, negative gearing, and estimated CGT.
Superannuation (per fund):
FieldNotes
Fund name, member number, owner
Fund type, industry super fund?
Employer SG rate and amount
Salary sacrifice and voluntary contributions
Investment option, contribution rate, investment return rate
Business assets:
FieldNotes
Business name, ABN, ACN
Estimated value, annual turnover, monthly revenue
Net profit, expenses, depreciation, capital gains
Balance Sheet — Liabilities
Home loan:
FieldNotes
Loan amount, deposit
Annual interest rate, loan term
Amortised yearly repayment, redraw capacity
Tax deductible?
Other liabilities (per debt):
FieldNotes
Loan type (credit card, personal loan, etc.)
Lender, balance, interest rate, interest type
Repayment amount and frequency
SMSF loan? Investment property loan?
Goals
FieldNotes
Goal label
e.g. "Retire at 60", "Pay off mortgage"
Category
Target amount
Priority
Start year, end year
Timeline for the goal
Cashflow — Income
FieldNotes
Base salary
Commissions, bonuses
Business income / profit
Super pension, annuity income
Rental income, investment income
Centrelink benefits
Bank interest, dividends (franked and unfranked), franking credits
Side job income, other income
Income change expected?
Yes/No with details field
Cashflow — Expenses and deductions
FieldNotes
Estimated income tax
Long-term and short-term debt payments
Daily living, insurance, health, personal care, entertainment expenses
Work-related deductions, self-education, tax agent fees
Salary sacrifice to super, voluntary super deducted
Net cash flow
Calculated automatically
Debt service ratio
Calculated automatically
Insurance
FieldNotes
Policy number, insurer
Insurance category
Life, TPD, income protection, trauma, etc.
Insured person(s), status
Active, lapsed, etc.
Sum insured or monthly benefit
Annual premium, premium frequency
Next premium due, last and next review dates