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Showing 1 - 10 of 25 results for "Records of Advice"

Are managed accounts living up to the hype?

ELIZABETH MCARTHUR  |  THURSDAY, 25 NOV 2021
... said those who have implemented managed accounts are seeing the efficiencies - particularly in not having to do Records of Advice. "There are not many practices that have been able to implement a managed accounts solution across all clients," he said. ...

ASIC outlines ROA guidance

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
The corporate regulator released examples of Records of Advice (ROA) to provide clarity to financial advisers and licensees on their obligations when using them for clients. The information sheet, INFO 266 FAQs: Records of Advice, provides answers to ...

ASIC extends SoA relief measure

KARREN VERGARA  |  THURSDAY, 14 OCT 2021
... marks the second time that ASIC has extended the relief measure, which enables advisers to replace SoAs with Records of Advice for existing clients whose personal situations have changed due to COVID-19. The relief was first introduced in April 2020 ...

ASIC worried about finfluencers

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... financial advice include ASIC creating a financial adviser hub on its website and producing a new worksheet on records of advice. "The cost of advice is a significant concern," Longo said. "We have a number of initiatives we are working on at the moment ...

FYG launches advice delivery platform

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... with Xplan and Portfolio System has enabled WealthEye to deliver data-driven, interactive and client-specific Records of Advice. "We're looking forward to expanding the capabilities of our partnership with FYG and further transforming client experiences ...

ROA relief guidance released

KARREN VERGARA  |  FRIDAY, 16 JUL 2021
... the Financial Adviser Standards and Ethics Authority have provided further guidance on how advisers can use Records of Advice to make the most of the temporary measure. The corporate regulator and FASEA said the guidance and case study they have jointly ...

New MDA offering launched

ELIZA BAVIN  |  WEDNESDAY, 2 DEC 2020
... need to make adjustments to previous recommendations in a timely fashion and producing the relevant number of records of advice (RoAs) is costly and slows down this process both of which can be detrimental to the client," Heathwood said. "Lifestyle believes ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... talking about is providing things that will streamline the delivery of advice. Being able to do more through records of advice rather than Statements of Advice, for example." Anderson said he's conscious that an SOA is something clients might not ...

Licensee faces hefty remediation bill

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
... complex data such as personal customer information, revenue and service indicators like face-to-face meetings, records of advice and annual reviews, to identify potential breaches at both a practice and individual level." ASIC first identified non-compliant ...

Former Dover, Securitor adviser banned

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
... their existing products. ASIC said Chigwidden also failed, in some cases, to provide Statements of Advice and Records of Advice to clients when he was required to do so. When he did provide those documents however, he failed to include specific information ...
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