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Showing 1 - 10 of 39 results for "Record of Advice"

Feature: Retirement | The right mix

LACHLAN COLQUHOUN | WEDNESDAY, 5 NOV 2025

... firm's DNA. "It offers AI file note capability, it's got compliance tools," he says. "It even generates a Record of Advice that we have to produce to meet our obligations. "So, it does all these other things that kind of then become the sort ...

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 ...

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. ...

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BT appoints new head of strategy

KARREN VERGARA | 10:47AM

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI | 12:24PM

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI | 12:21PM

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO | 12:09PM

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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