Statement of Advice Template

A Statement of Advice document framework with a comprehensive library of financial advice strategy text and XPLAN-connected data fields for product comparisons, asset allocations and more.
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What is a Statement of Advice?

A Statement of Advice is the document that details the advice being provided to a financial planning client. It will include information about the client that demonstrates that the financial planner has a thorough understanding of the client situation. It will also include a description of the financial planning strategies being employed and the financial products being recommended and their associated costs. Finally, the Statement of Advice should define how these recommendations are in the client's best interest and disclose any conflicts of interest.

Who is this Statement of Advice template appropriate for?

This Statement of Advice template provides a document template framework outlining the structure of the Statement of Advice. It includes a managed library of financial planning strategy text that is kept up to date as industry regulations and legislation change. The template also includes a range of XPLAN-connected data fields and tables.

This Statement of Advice template is great for licensees, self-licensed financial planning practices and new financial planning businesses who don't want to spend the time to build a new Statement of Advice template from scratch. Styling of the final document can be customised to suit the brand guidelines of each individual financial planning practice.