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Overview
The Base Statement of Advice (SoA) in AdviserLogic is a pre-configured template designed to help you deliver compliant and structured financial advice efficiently. It is regularly updated to reflect legislative changes, improve clarity, and align with best-practice advice standards.
The November 2021 updates introduced refinements to wording, structure, and compliance-related content within the Base SoA. These changes were designed to improve readability, ensure consistency with regulatory expectations, and enhance the overall client experience when receiving advice.
Introduction
Enhanced our 'About You' Section
Personal (Individual) / SMSF / Trust / Company Entities are now clearly broken up to make it simpler to identify
Updated SMSF Trustee Details and added it to the About You section.
Grouping of SMA Portfolios have been updated.
Fixed Executive Summary and Net Cashflow bug where data was not matching
Information on Updates
Grouping of SMAs
Where Grouping of SMA's is enabled, it will show up as a single line item. A subsequent table then shows the breakdown of the SMA.
Grouping of Assets by Platform
Assets and Liabilities have been updated and are now grouped by Platforms.
SMSF
SMSF is now shown as a line item for each member
Separation of Individual / SMSF / Trusts / Company Information
Different entities are now separated to allow for clearer distinction between Entitles.
📌Note
SMSF details will only show where Advice is being given for SMSF.
