Your financial adviser must understand your financial situation so they can provide appropriate advice to you. To do this, you are required to provide information about relevant personal circumstances. This will normally include:

• a need for regular income (eg retirement income)
• a need for capital growth
• a desire to minimise fees and costs
• tolerance for the risk of capital loss, especially if it is significantly possible if the advice is followed
• tolerance for the risk that the advice (if followed) will not produce the expected benefits
• an existing investment portfolio
• a need to be able to quickly cash-in the investment
• a capacity to service any loan provided in relation to a financial product
• your tax position
• your social security entitlements
• your family commitments
• your employment security
• your expected retirement age.