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Showing 21 - 30 of 275 results for "Statement of Advice"

AI no silver bullet for advice process, documentation: Experts

KARREN VERGARA  |  FRIDAY, 29 NOV 2024
... has come about in the last 10 months has been phenomenal," he said. Copilot, for example, can turn a 25-page Statement of Advice (SoA) into a PowerPoint presentation that can be used with the client within minutes. "But the most important thing to note ...

Liberal MP calls for SoA replacement

KARREN VERGARA  |  TUESDAY, 5 NOV 2024
Liberal MP Bert van Manen is calling for the Record of Advice (RoA) to replace the Statement of Advice (SoA) and has introduced the proposed changes in a bill to parliament. Federal member for Forde, Bert van Manen, yesterday introduced the Corporations ...

Cbus rolls out Advice Essentials Plus

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... more or less," she said. Advice Essentials Plus charges a set fee of $990 that covers one financial plan or Statement of Advice (SoA). For the meantime, the service is provided by video call for members nationwide or in person at the fund's Melbourne ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... invest in property​; misleading, deceptive advice or unauthorised transactions​; and failure to implement a Statement of Advice​ (SoA). Misconduct relating to securities dealing commonly occur in the misclassification of sophisticated investor​ ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... amid potential changes to s99FA, "it is not our view that the provision would require trustees to check every statement of advice". AustralianSuper wrote it supports the proposed amendments to section 99FA. "We acknowledge that they clarify existing ...

Early contributions boost retirement balances

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... cutting-edge technology with traditional advice." Separately, earlier this week, the firm launched a compliance-led Statement of Advice (SoA) tool. Otivo said its SoA tool will reduce the time required for compliance checks, whilst also ensuring advisers ...

Advisers shoulder massive wealth transfer

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
... won't charge them, and it's included in what we do for the parents. Sometimes it doesn't involve a Statement of Advice. It might just be helping them find an accountant," Vade says. "That helps build a relationship and as those requirements ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... some claim to be in the process, often utilising a limited dataset from a client to generate a comprehensive Statement of Advice, these instances typically do not involve pure AI," he explains. As such, he warns that given the complexity, private investors ...

Sequoia strikes deal to acquire Clique Paraplanning

ANDREW MCKEAN  |  MONDAY, 5 FEB 2024
... post-completion. Clique provides outsourced local paraplanning services to financial planners and AFSLs, particularly Statement of Advice documents and the ongoing review of documentation. Advisers also use the paraplanning service to manage more complex ...

QAR final response winds clock back, says FAAA

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... While the FAAA welcomed some of the other inclusions, like greater support for scaled advice, replacing the Statement of Advice, and the removal of the Safe Harbour steps, it said this second tranche has it reconsidering its initial support of the government's ...