If you want to make sure that your wealth and/or asset manager has a good grip on your affairs and, that your portfolio is indeed structured to meet your financial needs and risk preferences, you will need a comprehensive report. Comprehensive means that it will need to address everything that has a material impact on the structure, planning and management of the portfolio and justification of the recommendations, strategy and decisions.
A report lets you know that the advisor has discipline and structure, .....................lets you know what they are doing and why, .....................allows you to check whether the information they have is correct, whether you are in agreement with their basic approach and, .....................if you have any questions, provides you with a framework in which to ask them. A comprehensive plan is impossible to provide cost effectively without integrated systems that can manage the complex relationships between the risk and return of assets and the size and timing of your financial needs over time. Comprehensive plans are impossible to provide without a structured service process. It is also impossible to provide if your portfolio manager does not incorporate investment planning disciplines into portfolio structure.
No report, or a poor report, equals poor communication, can lead to mismanagement of expectations and potential for significant problems down the road. If TAMRIS was an individual, these are things that it would want to know before it invested with anybody and it would want to make sure that its advisor was in control of all these issues! The section of the website provides a more detailed analysis of what needs to be addressed within an investment planning and asset management report and why. It is important to note that an investment planning and asset management report is an investment report based on an individual's personal financial needs, objectives and risk preferences. A comprehensive report significantly reduces the time that needs to be spent on managing your assets and financial needs. Not only are all issues dealt with in advance, but because of the instituted planning and structure, changes to objectives and needs can be easily and objectively made. Systems that manage the integration between assets and financial needs do all the work. Even large changes financial needs and/or changes in market and security values can be adjusted for within seconds.   | 
