Record of Advice
Why outsource your ROAs?
A busy adviser might have hundreds of ROAs to produce each year. Why waste your own time in writing ROAs each day when you could save this time to work on other more important areas of your business. Having worked with countless financial advisors, our Australian paraplanners know the ins and outs of when to use an ROA over an SOA, and exactly what needs to be included to be compliant and give your clients the most accurate information.
We’re here to help you with more than your ROA too. You receive our extensive product and compliance knowledge to cut down on your own research time, providing a gold-class service to your clients. Contact us now to get started.
How Our ROA Services Work
Getting your ROAs completed is now easier than ever before. Our straightforward ROA service in Australia gives you a clear pathway so you can focus on other areas of your business.
- Download and complete our request form.
- Supply us with any supporting documents, like the client’s fact find, working papers and more, emailing them and your request form to requests@futurepp.com.au.
- Our team will be in touch in the next 2 business days to discuss any specific details, goals for the client and potential areas of concern we’ve already identified.
- Expect your ROA back to you within 5 to 7 business days.
You can also contact us if you wish to connect us to your CRM, want to send encrypted files or have your own process you’d like us to follow.
More Ways Our Paraplanners Can Help You
Why Choose Future Paraplanning For Your ROAs
Outsourcing your Records of Advice to Future Planning is what our existing clients would say will be the best thing you do all year. We stay atop of the latest financial regulations, information and products so you don’t have to, giving you more time to optimise other areas of your clients’ experience.
Australian Paraplanners
At Future Paraplanning, we don’t believe in outsourcing overseas. Our paraplanners create every document from scratch to best meet your clients’ expectations and goals. It gives us the most control over the quality of our ROAs.
Technology Driven
While we have a seamless process and systems we can recommend, our Australian paraplanners can work with any of your own CRMs or accounting software to make the process as easy as possible for you.
Security First
We take the protection of you and your clients’ data incredibly seriously. Every measure is taken to keep data secure, including the use of encrypted files, if needed. It’s that extra peace of mind you get with our ROA paraplanners.
Frequently Asked Questions About ROAs
When can I use an ROA over an SOA?
An ROA must be provided if a financial planner or financial advisor is providing small investment advice to a client, or updating an existing recommendation. To use an ROA to give further advice, the client’s circumstances must not be too different from their position when the previous recommendations were made. You may not need to provide an ROA for further general advice or ‘no buy or sell product advice’ unless requested by your client, however, doing so can give your client confidence in your recommendations.
What’s the difference between an ROA and an SOA?
A Record of Advice (or ROA) is a simpler, less detailed version of a Statement of Advice (or SOA). While a Statement of Advice must be given when providing personal advice to a client, an ROA is not needed unless giving updated small investment advice.
Can paraplanners give advice?
In Australia, paraplanners are not generally authorised to give personal financial advice to clients. However, they are incredibly helpful for financial planners and financial advisors, helping them with the administration side of their services, such as researching, creating ROAs and other documents, and more. Paraplanners work closely with financial advisors to help give them the support they need to reduce administrative work so the financial advisor or planner can focus on their clients’ needs.