How To Spend Your Money?
A Statement of Advice (SoA) is a document used by financial planners and advisers to set out the advice given to a client, including the basis of the advice given, details of the advising council, and information regarding payments that the adviser will receive. The purpose of the statement is to ensure the client is well informed prior to deciding whether or not they wish to rely on the advice given. We work to ensure the information documented clarifies any questions you may have, while communicating our advice in plain English to avoid confusion. The three general components of an SoA include:
- Outlining the client’s objectives, financial position, assets, time restraints & risk tolerance
- Analysis of strategies that are most likely to achieve the client’s objectives, taking into account their financial position, assets, time restraints & risk tolerance
- Justification of recommended strategies that are most likely to achieve the client’s objectives, taking into account their financial position, assets, time restraints & risk tolerance
