Records of Advice in practiceBY ASSURED SUPPORT | VOLUME 17, ISSUE 1 From an advice perspective, how long can you rely on a Statement of Advice (SOA) to support your ongoing advice? To put it another way, how old and dated must an SOA be before ... Get articles like this delivered to your email - Sign up for the free weekly newsletter  More Articles |
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MAGDELINE JACOVIDES
FOUNDER & FINANCIAL PLANNER
MAZI WEALTH
FOUNDER & FINANCIAL PLANNER
MAZI WEALTH
On top of running a successful practice, Mazi Wealth founder Deline Jacovides is a fierce advocate for closing the superannuation gender gap and has built a highly popular social media presence that takes financial literacy to the next level. She tells Karren Vergara where her passion comes from and how she integrates it all with family life.
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The ASIC Information sheet clearly generated by a Lawyer who has never seen a client is just a large waste of time. It is so constricted as to be entirely useless.
This is a classic example how ASIC is significantly out of touch with the Financial Services Industry and have little idea about costs and the needs of clients.
I look forward to the Treasury review that dumps most of this nonense in the bin.
It took ASIC > 15 years to clarify when to use a ROA in lieu of an SOA, especially when moving from one licencee to another. ASIC for years has dodged and weaved & been opaque on issues, so the writer of this article who reckons that criticism of ASIC is unfair or not reasonable, needs to get in the trenches with Financial Planners & see what really goes on in the world of financial advice. Trying to pin it on licencees is & their processes is simply "not cricket" & the compliance people & lawyers of the world need to get in front of real people and try to run a compliant, profitable and growing financial business - instead of hiding behind their PC's