Investment Recommendation Rationale and Best Interest Memo

Documents why a recommended investment product or strategy is in the client's best interest, including alternatives considered and the rationale supporting the recommendation.

Client and Account Context

• Client Name
• Account Type
• Account Identifier
  Use an internal account reference if needed. Do not enter full account numbers unless required by policy.
• Review Date
• Advisor / Representative Name

Client Objectives and Constraints

• Investment Objectives
• Risk Tolerance
• Time Horizon (Years)
• Liquidity Needs
• Client Constraints

Recommended Product or Strategy

• Recommendation Type
• Recommended Product / Strategy Name
• How the Recommendation Fits the Client's Objectives
  Explain the specific client need(s) addressed by this recommendation.
• Expected Benefits
• Fees and Costs Summary
  Summarize any product, advisory, transaction, or wrap fees relevant to the recommendation.

Alternatives Considered

• Alternatives Considered
• Alternative Types
• Why the Recommended Option Is Preferred
  Compare the recommendation against the alternatives considered using client-specific facts.

Best Interest Analysis

• Client-Specific Factors Supporting the Recommendation
  Include the facts and circumstances that make the recommendation appropriate for this client.
• Conflicts of Interest
• Conflict Details and Mitigation
• Disclosures Provided

Attestation and Submission

• Attestation
• Advisor Signature
• Submission Notes
  Optional notes for compliance review or follow-up.