What term describes a client's request to receive a fixed percentage of the fund value consistently?

The term that accurately describes a client's request to receive a fixed percentage of the fund value consistently is known as a fixed withdrawal plan. This approach allows the investor to establish a predictable income stream by withdrawing a pre-determined percentage from the fund at regular intervals, often quarterly or annually.

This method is particularly beneficial for retirees or investors seeking steady cash flow while still allowing the rest of their investment to potentially grow over time. Unlike strategies focused on withdrawals based on other calculations, the fixed withdrawal plan emphasizes consistency and sustainability, ensuring that clients can manage their finances effectively during their retirement or for other financial needs.

The concepts of income distribution and growth distribution plans generally refer to receiving dividends or capital gains rather than a fixed percentage based on fund value, which aligns more closely with the characteristics of a fixed withdrawal plan.