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Showing 41 - 50 of 273 results for "Statement of Advice"

We do get it: Levy

CASSANDRA BALDINI  |  FRIDAY, 18 NOV 2022
... acceptable", as well as concerns around financial advisers competing with non-relevant providers and what the Statement of Advice (SoA) might look like going forward.

If it ain't broke, don't fix it: Graham

CHLOE WALKER  |  FRIDAY, 18 NOV 2022
... before we do anything from that perspective." Graham said that regulators should consider ditching formal Statement of Advice (SOA) requirements, but he doesn't agree with paring back the use of SOAs. "SOAs generally are a disaster. They're bureaucratic ...

Scientiam, DASH launch easy fund exit service

CASSANDRA BALDINI  |  WEDNESDAY, 2 NOV 2022
... contemporary solutions. The service, available via a subscription with Scientiam, leverages DASH's digital Statement of Advice (SoA) tool. It is exclusively offered through financial advisers and requires users to submit an adviser code when registering. ...

Burgeoning challenges of the advice industry: Padua

ANDREW MCKEAN  |  THURSDAY, 22 SEP 2022
... produce advice documents," she remarked. According to Financial Services Council (FSC) survey data, the average Statement of Advice (SOA) takes around 20 hours to produce. But, broken down further, the average Record of Advice (ROA) takes approximately ...

Charges laid against former BBY head of operations

CASSANDRA BALDINI  |  TUESDAY, 13 SEP 2022
... former BBY adviser, who it said traded with client's money without their authorisation and outside of the Statement of Advice.

Midwinter unveils new adviser tool

CHLOE WALKER  |  WEDNESDAY, 31 AUG 2022
... priorities, allowing for more relevant conversations during client meetings and reduced time and effort to produce a Statement of Advice." Interestingly, in the Quality of Advice Review's interim report and consultation paper released this week, chair ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... 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. Advisers can either continue to give their clients a copy of their Financial Services Guide or make ...

Advisers receive guidance on rights under FSCP

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... convened. Situations in which ASIC must convene a panel include matters of insolvency, fraud, failure to approve a Statement of Advice, contraventions of financial services law, and refusal or failure to give effect to an Australian Financial Complaints ...

COVID-19 financial advice relief to be repealed

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... 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 was also given by way of financial ...

Super Fierce targets gender wealth gap

JAMIE WILLIAMSON  |  TUESDAY, 8 MAR 2022
... through its proprietary calculator and compares against every open fund in market. It then provides a digital Statement of Advice and provides assistance in switching, if needed. As of February, women have already saved about $25 million in lifetime ...