One third of SMSF advice is poor: ASICBY ALEX DUNNIN | THURSDAY, 18 APR 2013 12:25PMAn ASIC report examining the quality of financial advice received by self managed super fund (SMSF) trustees and potential trustees has found that while most advice quality is adequate, there is a trend towards recommending SMSFs as the default solution. |
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In order to provide the finance some of the banks may require an SoA to be prepared (post the investment decision). The advisor normally gets zero days notice to prepare a very limited scope SoA (as the banks legal section only gets around to sign off one or two days bvefore settlement is due).
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