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Overview
The Reviewing Your Investment Strategy custom strategy in AdviserLogic’s Digital Advice module supports advisers in assessing a Self-Managed Super Fund’s (SMSF) current investment approach and recommending adjustments. This strategy helps demonstrate compliance with regulatory expectations for regular strategy review and alignment with the SMSF trustee’s objectives.
Custom Strategy
Reviewing Your Investment SMSF 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.
Reviewing Your Investment SMSF Strategy
Please follow the step-by-step instructions below to prepare advice for the Reviewing Your Investment SMSF Strategy.
Your client must have an existing SMSF in Fact Find for this strategy to be available. If no SMSF exists in Fact Find > Superannuation, the SMSF Strategy button will be inactive.
📌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 Reviewing Your Investment SMSF Strategy strategy from the Strategy screen, then select Proceed. Link the Goals or skip this step.
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. The text to be customised will be highlighted in Orange, but other text may also be edited.
📌Note
Hovering over each icon in the tools ribbon will show what it does.
You can also use the hover menus to edit the provided tables by clicking into the table cells.
To help you with your task, the text area has been designed with 3 constructive main headings that are pre-filled with common considerations. You can use this as a starting point and customise as needed.
My Advice - Outline the advice that you are providing to the client.
Why My Advice is Right for You - Add the reasons for which you have recommended the strategy to the client along with their benefits.
Risk and Things to Consider - Add consequences etc. for your Advice.
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.
