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Overview
In AdviserLogic’s Digital Advice module, Estate Planning and Business Planning are custom strategy templates you can include in a Statement of Advice (SoA). These strategies help you document structured advice on a client’s estate planning arrangements, such as wills, powers of attorney and beneficiary nominations, as well as business succession and continuity planning for business-owning clients. They are designed to streamline drafting, enhance compliance, and ensure recommendations align with client goals.
Custom Strategy
The Business Planning Investment Strategy is a Custom Strategy, a template with prefilled text relevant to the recommendation, rather than a strategy that calculates data.
Custom strategies are designed to reduce the time and effort required for drafting in the advisory process. By providing pre-filled text data relevant to the selected strategy, advisors do not need to start from scratch, saving valuable time.
To learn more about Strategy Types, please read the Strategy Cheat Sheet.
Strategy Selection
Please follow the step-by-step instructions below to prepare advice for the Business Planning Strategy.
📌Note
Before completing this advice, you can model an SMSF strategy in the Cashflow Module. The modelling can be added to the advice to support your recommendation.
From the Digital Advice - Scenarios Screen select the Add Scenario icon.
Select the Client the advice is for, or select Joint to create advice for your client and partner. Select the type of advice ( SoA or RoA), then Proceed To Scope.
Select the Business Planning Strategy from the Strategy screen, then select Proceed. Link the Goals or skip this step.
Business Planning
To adjust your Advice text, use the Editor Tool at the top of a Word document-inspired page.
It's a user-friendly feature enabling you to customise your text as needed.
📌Note
Hovering over each icon in the tools ribbon will show what it does.
Edit the Advice Document
You may also edit the advice document from within the scenario by selecting the Save And Preview button from the top right of any screen within a digital advice scenario and following the Advice Editing Instructions.
Fee Disclosure
After editing the text to your liking, select the Proceed to Disclosure Fees button at the bottom right of the screen. From there, add your fees and complete your advice.
Link Cashflow
After completing the advice, you may add any previously created cashflow modelling to the scenario by selecting the Link Cashflow option from the Scenario Tile. The cashflow tables will be drawn into the final advice document.
