Category Definitions

You do not need to know or memorise these categories to use Meeting Ally Grinning Face with Big Eyes
Use this guide if you want to understand exactly where specific topics will appear in your final File Note and gain insights into how the AI categorises information as it follows the flow of your meeting.

Category
What is included
Key Exclusions / Notes
Cashflow
  • Income: Salary, dividends, rental income, pension payments.
  • Expenses: Household bills, childcare costs, loan repayments.
  • Employment: Job role, tenure, employer details.
  • Future Retirement Goals: Go to Retirement Planning.
  • The Asset itself: The property or super fund goes to its specific category below.
Debt Management
  • Personal Debt: Home loans, credit cards, personal loans.
  • Investment Loans: Margin loans, debt recycling strategies.
  • SMSF Loans (LRBA): Go to Superannuation.
  • Trust/Company Debt: Goes to Entity Structures.
Health & Wellbeing
  • Health Status: Specific conditions, medical history.
  • Impact: How health affects lifestyle or longevity.
  • Underwriting: Specific discussions about insurance medicals go to Insurance.
Insurance
  • Personal Risk: Life, TPD, Trauma, Income Protection.
  • Business Risk: Key Person, Business Expenses.
  • Health: Underwriting and pre-assessments.
  • General Insurance: Car/Home insurance is out of scope.
  • Private Health: Out of scope.
Non-super Assets
  • Personal Assets: The family home (PPOR), personal bank accounts.
  • Investment Assets: Shares, managed funds, and Investment Properties.
  • Strategy: Decisions to buy, sell, or hold the asset.
  • Rental Income: The rent received goes to Cashflow.
  • Trust Assets: Go to Entity Structures.
Entity Structures
  • Structures: Family Trusts, Companies, Unit Trusts.
  • Holdings: Investments or debts held inside these structures.
  • Testamentary Trusts: Go to Estate Planning.
Superannuation
  • Funds: Retail/Industry funds and SMSFs.
  • Strategy: Contributions, rollovers, pensions/annuities.
  • SMSF: Structure, trustees, and property held in SMSF.
  • Pension Payments: The income received goes to Cashflow.
  • Insurance in Super: Detailed policy reviews go to Insurance.
Risk Profile
  • Tolerance: Your risk score, capacity for loss, and agreed risk profile (e.g., "Balanced").
  • Allocation: High-level Asset Allocation (e.g., 70/30 split).
Note: This is strictly about how much you can lose (Risk), not the style of investment.
Portfolio Preferences
  • Style: Active vs. Passive, Ethical (ESG), Sector tilts.
  • Governance: Investment committees, rebalancing rules.
  • Performance: Market outlook and portfolio reviews.
Note: This is strictly about how you want to invest (Preference), regardless of your risk profile.
Investment Product Preferences
  • Platform Choice: Why we chose this platform (apps, reporting, fees).
  • Service: Feedback on administration or user experience.
  • Risk/Style: Use the two categories above for risk or management style.
Retirement Planning
  • The "Big Picture": Retirement age, lifestyle vision, longevity.
  • Goals: Target retirement income, lump sum travel plans.
  • Modelling: Discussion of projection scenarios.
  • Funding: The funds used to pay for retirement go to Super or Non-super Assets.
Social Security
  • Centrelink/DVA: Age Pension, disability support, concession cards.
  • Strategy: Gifting, asset testing, income testing.
  • Family Tax Benefit: Goes to Cashflow.
Estate Planning
  • Legal Docs: Wills, Powers of Attorney (Financial/Medical).
  • Super Death Benefits: Binding/Non-binding nominations.
  • Strategy: Intergenerational wealth transfer.
  • Family Trusts: Active investment trusts go to Entity Structures.
Aged Care
  • Care Needs: ACAT assessments, facility selection.
  • Finance: RAD/DAP funding, cashflow modelling for care.
  • Selling the Home: If selling specifically to pay a RAD, it is captured here.
Family and Friends
  • People: Non-client family members (e.g., children, grandchildren).
  • Context: Their health, financial dependency, or relationship to you.
  • Clients: If a spouse is in the room, they are a Client, not "Family".
Fees and Services
  • Agreements: Discussions about the adviser's own fees and service agreement.
  • Product Fees: Admin fees for a specific fund go to that Product's category.
Time Critical Advice
  • Declarations: Formal statements of "Time Critical Advice" or "Conflicts of Interest".
  • Deadlines: General urgency (e.g., "before EOFY") stays in the relevant strategy topic.