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Overview
The Establish SMSF strategy in AdviserLogic’s Digital Advice module guides you through recommending the establishment of a Self-Managed Super Fund (SMSF) within a digital Statement of Advice (SoA). This Advice Flow strategy helps you define the trustee structure, compliance setup and key considerations for clients transitioning to an SMSF. It streamlines the creation of an SMSF strategy, captures relevant client data, and generates clear recommendations ready for inclusion in the SoA.
Establish SMSF
Please follow the step-by-step instructions below to prepare advice for the Establish SMSF strategy.
📌Note
Before completing this advice, you can model an Establish 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 Establish SMSF strategy from the Strategy screen, then select Proceed. Link the Goals or skip this step.
The SMSF Setup window is divided into two sections. On the left side, enter the SMSF Name. Choose the Trustee Type from the dropdown: Individual or Corporate. Then add the SMSF Admin.
Completing the left side of the SMSF setup screen will open the access to add the SMSF Members. You may enter the members of the SMSF.
Once all the SMSF Members have been added, Proceed to the next stage by selecting the button from the bottom right of the screen.
Review
Review the details entered on the review page, there is also a section to enter a Summary.
Edit the Advice Document
You may 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 located at the bottom right of the screen. From there, you can 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.
