Although a Record of Advice or ROA is a much smaller, simpler version of a Statement of Advice, it is still a back office function that is best outsourced to a professional paraplanner. Quite often knowing when to use an ROA or an SOA can be a tricky situation for financial advisers to navigate.
Our aim is to ensure that your ROAs look and feel the way that you, and your financial planning clients, are used to.
Leverage our years of experience in developing our own custom built ROA, that can be tailored to your business’ needs and preferences and outsource your ROAs to us.
For financial planners, it’s essential to consider the needs of their clients. Sometimes that means understanding when to use a simple Record of Advice (ROA) rather than a lengthy Statements Of Advice (SOA). One Degree Paraplanning provides support and assurance in such vital decisions. We bring experience and expertise to the table, offering up our customised ROAs – tailored specifically to your business needs and preferences.
At One Degree Paraplanning, we understand that ROAs are more than just documents – they represent the shared trust between a financial planner and their client. Our custom-built ROAs look and read exactly as expected by you and your clients. As trusted experts in the field of paraplanning, we take pride in creating clear, concise, straightforward advice that both protect you from legal liability and answer all questions put forward by your clients.
Experience confidence in your decision-making process with One Degree Paraplanning. Leverage our years of knowledge for this essential back-office function for outstanding outcomes for every client relationship.
A Record of Advice (ROA) is a short document that sets out advice given to a client by a financial planner or adviser.
A Record of Advice is similar to a Statement of Advice but is shorter and less complicated, and is delivered in circumstances such as an adviser giving further advice after an SOA was given, COVID 19 related advice, or there is no buy or sell advice being given unless on a product under $15,000.
The aim of an ROA is to ensure that your clients receive good quality advice and are able to make informed decisions.
Our skilled paraplanning team can help you determine if an ROA is appropriate for your client’s situation or if an SOA will be required to ensure you meet your compliance obligations.
Our vast paraplanning experience from working with over 20 different dealer groups and 100 financial advisers allows us to recognise that it is not a one-size-fits-all approach when it comes to delivering you the Record Of Advice you need.
Our paraplanners are highly experienced and skilled at writing ROAs to meet your compliance needs, business rules and style preferences.
Records of Advice completed by One Degree Paraplanning come at a significantly reduced cost to a standard Statement Of Advice and provide you with an affordable option to writing your ROAs internally.
By outsourcing your ROAs to our paraplanners, you will have peace of mind in knowing that your documents are being delivered by experienced professionals at a fraction of the cost of employing in-house paraplanners.
Select your desired option below to share a direct link to this page.
Your friends or family will thank you later.