What is a SMSF Statement of Advice?
A Statement of Advice (SoA) is a document that provides financial advice and recommendations to clients. In the context of a Self-Managed Superannuation Fund (SMSF), a SoA can provide recommendations on investments, insurance, retirement planning, and other financial matters. It is a legal requirement that financial advisers provide a SoA to their clients before making any investment decisions on their behalf.
A SoA for SMSFs must comply with strict legal requirements and regulations set out by the Australian Securities and Investments Commission (ASIC). The document must be clear, concise and provide detailed information about the investment products, the risks associated with them, and the expected returns.
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At New Wave SMSF, we provide comprehensive SoA services for SMSFs. Our experienced financial advisers will assess your financial situation and provide tailored recommendations for your SMSF. We ensure that our SoA complies with all legal requirements and is easy for you to understand.
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Our SoA service includes:
- Analysis of your SMSF financial situation and investment goals
- Recommendations on investment products and strategies
- Risk assessment and mitigation strategies
- Retirement planning advice
- Tax planning advice
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By obtaining an SoA from our firm, you can have peace of mind knowing that your SMSF is being managed in a responsible and compliant manner. Contact us today to learn more about our SoA services for SMSFs.
Do you need a Statement of Advice?
A Statement of Advice (SOA) is a document that provides tailored financial advice to clients based on their individual financial goals, needs, and circumstances. In the case of a self-managed superannuation fund (SMSF), an SOA may be required to ensure that the fund is being managed in accordance with the trustee's legal obligations.
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While an SOA is not always mandatory, it is strongly recommended that trustees of SMSFs seek financial advice and have an SOA prepared, particularly when making significant changes to the fund's investment strategy or when entering into complex transactions.
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An SOA can provide important protection for trustees by documenting their decision-making process and demonstrating that they have acted in the best interests of the fund's members. Additionally, an SOA can help trustees to ensure that they are complying with legal requirements, such as the SMSF Investment Strategy regulations.
At our firm, we offer a comprehensive SMSF SOA service that is tailored to your individual needs and circumstances.
Our experienced advisors will work with you to understand your goals and objectives, and to develop a tailored investment strategy that takes into account your risk profile and the unique characteristics of your SMSF.
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Contact us today to learn more about our SMSF SOA service and how we can help you ensure the success of your self-managed superannuation fund.
SMSF Statement of Advice Pricing
At New Wave SMSF, we offer statement of advice (SOA) services for self-managed superannuation funds (SMSFs) at competitive pricing. The cost of an SOA can vary depending on the complexity of your SMSF and the level of detail required in the advice provided.
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We believe in providing transparent pricing, so you know exactly what you will be paying upfront. Our team will work closely with you to understand your SMSF and your specific requirements. Based on this, we will provide you with a detailed quote that outlines the cost of your SOA.
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Our pricing is competitive and affordable, and we do not compromise on the quality of our services. We understand that every SMSF is different, and we tailor our services to meet the unique needs of each client.
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Contact us today to discuss your SMSF and get a detailed quote for our statement of advice services. We are here to help you make informed decisions about your SMSF, and we look forward to working with you.
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