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Statements of Advice

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High Quality, Professional Statements of Advice for Financial Planning

Our statement of advice services exceed compliance requirements. They’re written and presented in a way that’s both client-friendly and professional.
 
Our aim is to ensure your Statements of Advice look and feel the way that you, and your financial planning clients, are used to. Preparing hundreds of SOAs each month, and with years of experience, we’re ready to help you.

Outsourcing your SoAs with our paraplanner team

One Degree Paraplanning can help you save time and resources by outsourcing your Statements of Advice (SoA) preparation to us.
 
Leverage our years of experience in developing our own custom-built SoA and outsource your SoAs to us. Tailored to your business’ needs and preferences, contact our paraplanners to learn more.
Frequently Asked Questions

A Statement of Advice (SOA) is a document that sets out the advice given to a client by a financial planner or adviser.

It must include the advice given including context on which the advice has been based, and information about fees, commissions and associations you as the financial planner or adviser will receive.

The aim is to ensure that your clients receive good quality advice and are able to make informed decisions.

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 SOA you need.

Our paraplanners are highly experienced and skilled at writing SOAs to meet your compliance needs, business rules and style preferences.

By outsourcing your SOAs to One Degree Paraplanning, you will have peace of mind in knowing that your documents are being delivered by experienced paraplanners at a fraction of the cost of employing in-house paraplanners.

Our SOA paraplanning service includes all additional services offered by One Degree Paraplanning, such as product comparisons and modelling, so you are able to benefit from a complete outsourced paraplanning solution.

If you give personal financial advice to retail clients, then yes, you must provide a Statement of Advice (SOA). The SOA is a requirement under Australian law, among other financial advice disclosure obligations, to ensure that your clients receive good quality advice and are able to make informed decisions. It is important to comply with these regulations to maintain your credibility and reputation as a financial advisor, and to ensure the protection of your clients’ interests.

For more information on requirements for statements of advice, please feel free to contact our team. 

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Testimonials
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The team at OD are an integral part of my Financial Planning business and have been for over 3 years. I’ve been outsourcing my advice documents for the last 12 years, it was an easy business decision to make as it allowed me more time to be in front of my clients. I’ve used many different Paraplanning services over my time, most have been acceptable but not great. Charles, Jasmine and the crew know me and my business well. Their SOA construction, modelling, research and advice articulation is second to none. With the industry forever changing, having a business partner like OD allows me to be dynamic (all areas of advice), compliant and most importantly gives me back my time which we all know is the most valuable thing of all.
Alex Brown
Alex Brown
Adviser - MRH Financial Services
Charles and his team are phenomenal. We rely heavily on them to build a range of both simple and complex formal advice documents. They do so quickly and efficiently with minimal fuss using our templates. I would highly recommend using this service to all planners seeking to outsource this service. We have bene using them for many years now and it has made our lives so much easier
Anthony Stedman
Anthony Stedman
Resources
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Smiling Indian Woman Holding Reading Paper Letter Sit At Table
Who Can Provide a Statement of Advice?
Though common in outlining financial recommendations, there are limits on who can provide a statement of advice (SoA). About statements of advice and who can provide them To provide a brief outline explaining what is a statement of advice, a statement of advice (SoA) is a written document that outlines the financial recommendations provided by […]
Couple Managing Finances.
When is a Statement of Advice Required?
As a client, you may have heard about the importance of a Statement of Advice (SoA) in the financial planning process. But, do you know when an SoA is required? Legal requirements that help determine when an SoA is needed When it comes to creating an SoA, there are specific legal requirements that financial advisers […]
House Model With Real Estate Agent
What is Financial Modelling? A Paraplanner’s Guide
Financial modelling is an analytical tool that has become increasingly important in modern-day finance. In simple terms, financial modelling refers to the process of creating a summary of a client’s expenses and earnings that can be used to calculate the impact of a future event or decision.  This summary is then used to provide financial […]
Statement Of Advice On Bench
What is a Statement of Advice & Do You Need One?
What is a statement of advice? A Statement of Advice (SoA) is a written document that outlines the financial recommendations provided by a financial advisor to their client. It provides a comprehensive overview of the client’s financial plan, including their financial goals, investment strategies, and the recommended products and services to help achieve those goals. […]
Paraplanner Discussing Financial Services
What is a paraplanner?
What is a paraplanner? A paraplanner is a financial planning support professional who assists financial advisers in the development and management of financial plans for clients.  Paraplanners typically have a strong background in finance and are responsible for conducting research, analysing financial products and strategies, preparing reports and recommendations, and supporting financial advisers in their […]
Explaining how to choose the right paraplanner using laptop
How to choose the right paraplanner for your business
When it comes to choosing a contract paraplanner, it is not simply a case of one size fits all. In order to get the most out of any outsourced paraplanning relationship, it is essential that an adviser first understands the needs of the business, the likely volume of work and types of SOAs that will […]
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