Forum Replies Created
-
Posts
-
When writing an SOA strictly on super consolidation only – no insurance advice. Do I need to include what insurance the current funds have in the SOA? I would add which funds hold insurance via a simple yes or no in a table outlining their current funds and balances etc so the client knows which funds they need to investigate or look into themselves.
My licencee is saying I need to include the amount of cover, premiums etc as part of the super only SOA, however my argument is if its super only, insurance information is not relevant and if it is added, does it some what imply that insurance advice is being given/considered? thoughts?
I can help with this. Please contact me via lawrence@twfs.com.au
This is an interesting development by ASIC. I have always found it interesting how some types of ARs do not need to be listed whiles others do. At first it seems like a simple register, but I think the affects will be far wider and greater than expected.
I can highly recommend hnlaw.com.au. I know this is their forum, but I have used them on a few occasions for licence applications and referred them many a time. They are not a budget / cheap alternative, but when it comes to AFSLs, why cut corners.
Hi David Orth Real Wealth here. I might be able to help you with this. Can you tell me what areas you are looking at giving advice in? perhaps contact me thought my website http://www.realwealth.com.au – I do not want to post an email address on a forum as I’ll get spammed constantly. 🙂
A client writes a weekly newsletter about FX and gives recommendations to buy different pairs from time to time and earns a rebate from the FX broker when the clients trade.
As they only give advice in FX, and not various different managed funds etc, Does that count as 1 product and therefore the rebate could not influence the advice given as you only give advice in FX?
