Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 37 results for "Record of Advice"

AMP upgrades North investment platform

ANDREW MCKEAN  |  THURSDAY, 14 MAR 2024
... designed to better align with how advisers construct their advice documentation. It's fully integrated with North's Record of Advice feature, which calculates proposed fees, taxes, and impact on clients' target risk profiles. Advisers can also track ...

FSCP issues slap on the wrist to adviser

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... further underwriting, he did not revisit the advice he provided, the FSCP said. Mr. K, instead, recommended in a Record of Advice (ROA) that the clients apportion their cover between the new and existing provider up to the maximum amount allowed without ...

Advice firm revenues jump 45%

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... technology to complete the paperwork. Only 77% and 66% respectively would rely on software to generate an SoA and Record of Advice. Less than half (42%) use technology for fact-finding. Over half (55%) of practices still do not offer digital signing. ...

Netwealth relaunches Wealth Accelerator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... features, such as sophisticated cash management tools, managed accounts technology and automated rebalancing and Record of Advice functionality," Netwealth added. Commenting, Netwealth managing director Matt Heine said the enhancements were informed ...

AMP rolls out new North features

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
In a bid to improve advice practice efficiency, AMP introduced a new Record of Advice (ROA) process to the platform, while also upgrading its MyNorth Lifetime Super Calculator. The new ROA template contains pre-formatted tables and charts detailing ...

Netwealth rolls out platform enhancements

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... track tasks awaiting client approval, such as adviser fee requests, change of bank details, withdrawals, and Record of Advice approvals. The enhancement will also enable alerts on client accounts and investments held within a client's account, such as ...

Burgeoning challenges of the advice industry: Padua

ANDREW MCKEAN  |  THURSDAY, 22 SEP 2022
... the average Statement of Advice (SOA) takes around 20 hours to produce. But, broken down further, the average Record of Advice (ROA) takes approximately two to six hours to complete. A simple SOA takes between eight and 12 hours to procure and a complex ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... their clients and to maintain complete records of advice provided. They would only need to provide a written Record of Advice to a client on request, replacing the current requirement for advisers to provide a Statement of Advice or Record of Advice. ...

COVID-19 financial advice relief to be repealed

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... initially introduced in April 2020. The central tenants of these reliefs allowed financial advisers to provide a Record of Advice, rather than a Statement of Advice, to existing clients requiring financial advice due to pandemic related impacts. Relief ...

Industry mixed over FSC advice framework

ANNABELLE DICKSON  |  FRIDAY, 15 OCT 2021
... result of complying with the Best Interests Duty, and the Letter of Advice to replace the Statement of Advice and Record of Advice by 2023. Synchron director Don Trapnell said these proposals make sense but called into question the trustworthiness of ...
PAGE:
1
PREVIOUS
NEXT