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SMSF Statement of Advice

Expert SMSF Financial Advice: Our Statement of Advice Services for Self-Managed Superannuation Funds

New Wave SMSF.

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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.

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.

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

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.

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.

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.

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.

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.

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.

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.

Recent News

  • What services do you offer?
    New Wave SMSF financial planners offer a wide range of services to help clients manage their self-managed superannuation funds (SMSFs). Some of the services we offer include: SMSF set-up: An SMSF financial planner can assist clients with the establishment of a new SMSF, including the preparation of trust deeds, appointing trustees, and registering the fund with the Australian Taxation Office (ATO). Investment strategy development: SMSF financial planners can work with clients to develop an investment strategy that is aligned with their financial goals and risk appetite. This includes selecting investment assets, determining asset allocation, and monitoring investment performance. Compliance and administration: SMSF financial planners can help ensure that clients' SMSFs remain compliant with regulatory requirements, including the preparation and lodgement of annual tax returns, financial statements, and other reporting obligations. Retirement planning: SMSF financial planners can help clients plan for their retirement income needs, including determining their retirement goals, estimating retirement expenses, and developing a strategy for drawing down on their SMSF assets. Estate planning: SMSF financial planners can assist clients with estate planning, including the creation of binding death benefit nominations, the establishment of testamentary trusts, and the development of succession plans. Risk management: SMSF financial planners can help clients manage risk within their SMSFs, including insurance needs analysis, the selection of appropriate insurance products, and the development of risk management strategies.It’s a great way to help people navigate your site and can even boost your site’s SEO.
  • Is an SMSF the right choice for me?
    Whether an SMSF is suitable for you depends on various factors such as your financial goals, investment experience, and the time and resources you have available to manage the fund. Our financial planners can help you assess whether an SMSF is the right choice for your individual circumstances. Book in a free 30 Min consult today.
  • What are the investment options available to me in an SMSF?
    SMSFs offer a broad range of investment options, including direct property investments, shares, managed funds, and term deposits. However, trustees need to ensure that their investments are in line with their investment strategy and comply with regulatory requirements. Our Gold Coast SMSF Financial Planners can assist with guiding you towards the right investment strategy
  • How much super is recommended to start an SMSF?
    The amount of money required to start an SMSF will vary depending on your individual circumstances, goals, and investment strategy. While there is no minimum amount required by law to establish an SMSF, most financial experts suggest that you should have at least $200,000 to $500,000 in superannuation savings to make an SMSF cost-effective. Before deciding to start an SMSF, it's recommended to seek professional financial advice to ensure it's the right choice for your individual circumstance
  • What accounting services do you offer?
    New Wave SMSF is a forward thinking accounting firm providing tailored self managed superannuation fund (SMSF) services on the Gold Coast and across Australia. We assist clients with: Accounting, Structuring, SMSF Software, SMSF Setup, Tax, BAS, Compliance, SMSF Bookkeeping and Tax Advice. At New Wave, our mission is to empower, excite and build confidence in SMSF's by providing clarity in their figures.
  • What are the costs involved in setting up an SMSF?
    The costs of setting up an SMSF can vary depending on the complexity of the fund, the number of members, and the services required. Typically, the setup fees can range from $1,000 to $3,000, while ongoing costs can range from $2,000 to $3,000 per year. We can provide you with a fixed fee quote based on the size and complexity of your work.
  • What are the rules and regulations around SMSFs?
    SMSFs are regulated by the Australian Taxation Office (ATO) and must comply with the Superannuation Industry (Supervision) Act 1993 (SIS Act) and the Superannuation Industry (Supervision) Regulations 1994 (SIS Regulations). The rules cover various aspects of SMSF management, including trustee duties, investment restrictions, contribution limits, and reporting requirements.
  • How do I ensure compliance with ATO regulations?
    To ensure compliance with ATO regulations, SMSF trustees need to maintain accurate and up-to-date records, prepare and lodge annual returns, and follow investment restrictions. Engaging an experienced SMSF accountant can help ensure compliance with ATO regulations and provide peace of mind.
  • What are the tax implications of having an SMSF?
    SMSFs enjoy concessional tax treatment, with income earned within the fund taxed at a maximum rate of 15% (or 0% if in pension phase). Additionally, SMSFs may be eligible for capital gains tax (CGT) discounts if assets are held for longer than 12 months. However, there are various tax rules and regulations that SMSF trustees need to be aware of to avoid penalties and fines.
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