Statement of advice
The Easiest Way to Outsource Your Statements of Advice in Australia
Between research, document creation and regulation compliance, Statement of Advice (SOA) documents can take days of your time. Outsourcing your Statements of Advice to our Australian paraplanners will free up your time to give a higher level of care to your client or even take on more clients.
As Australian-based paraplanners, we don’t just write your documents. We partner with you to give you clients recommendations that think outside of the box, with the ability to spot potential compliance red flags before we even start the document. With our team focusing on your SOA, you can prioritise giving the best client care. Speak to our team about outsourcing your SOAs today.
Our SOA & Working Papers Process
Our goal is to make your SOA process as quick and easy as possible for you. We’ve developed our process based on the thousands of SOA documents we have created and what worked best for financial advisors.
- Fill out your completed request form.
- Provide the necessary supporting documents, including fact find, working papers, and, if needed, super/penion/investment statements, recommended insurance quotes, alternate strategies, insurance research/certificates of currency.
- Email your documents and request form to request@futureepp.com.au.
- Our Australian paraplanners will be in touch within 2 business days to discuss your SOA.
- Your SOA will be returned within 7 to 10 business days, with the aim for completion as soon as possible.
- You’ll receive an invoice on completion of your document.
Have a question? Contact our team at Future Paraplanning on 07 5636 6069 or submit an enquiry form for more information.
Why should Future Paraplanning write your SOAs?
At Future Paraplanning, we aren’t just document writers; we’re strategists. We partner with you to connect you and your clients with the right products and strategies through detailed Statement of Advice documents. With our extensive product knowledge, you can focus on your clients, while we look after finding the best options for their financial goals.
Australian-Based
All Statements of Advice are completed by our team here in Australia, based out of our Gold Coast office. This gives you peace of mind that your SOAs are completed with the latest and most accurate information.
Quality Assured
Every Statement of Advice we produce is checked by our owner, Sam Etheridge, before it’s sent back to you. This ensures every last option has been considered and your document is double-checked for compliance.
Technology Forward
As modern paraplanners, we can work with any CRM or accounting software you or your clients use. This makes it easy to share documents, send encrypted files or work the way you find easiest for you and your clients.
More Ways Our Paraplanners Can Help You
Frequently Asked Questions About SOAs
What is a statement of Advice (SOA)?
A Statement of Advice, or SOA, is a document outlining a licensed financial advisor’s recommendations to a client. Every document is customised to the client’s financial objectives and goals, including strategies, projections, product comparisons, risks and benefits, and more. Paraplanners can be used by financial advisors to help perform research and write SOA documents to help save time and resources.
When must a Statement of Advice be provided?
A Statement of Advice (SOA) must be provided when a financial advisor makes a recommendation on a financial product or strategy. This includes when recommending a specific financial product, such as superannuation options, or when making a change to a client’s existing financial strategy.
What is the purpose of a Statement of Advice (SOA)?
The purpose of a Statement of Advice (SOA) is to provide consumers with a transparent overview of recommendations made by a financial advisor. This may include information and comparisons on different financial products, strategies for debt recycling and management, a review of cash flow, investment portfolios and more. A SOA helps consumers make informed decisions based on accurate, qualified advice.
What templates do you use?
This depends on your licensee and their requirements. If you work with a licensee that we already know, we have it down pat already.
If you are from a new licensee to us – we will speak to their compliance department for an overview of their templates.
If you are a self-licensed adviser with scope to draft SOAs as you see fit, we can use our own FPP templates just modified for your business.
Speak to us for more information if needed.