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Please find below examples and samples of a scaled statement of advice as provided by ASIC. Please note all information has been sourced from the ASIC Example RG 90
ASIC provide this as a guide for Australian financial services licensees, authorised representatives, and advice providers who give information and advice to retail clients. Please ensure you download and reference the entire guide before using any of the information contained below Download ASIC Scaled - Statement of Advice Examples
Statement of advice Sections |
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Statement of Advice Cover Page
Statement of Advice - Summary of Recommendations and Commissions
Statement of Advice - What you Want
Statement of Advice - What you should know about my advice
Statement of Advice - About you (the client)
Statement of Advice - My Advice
Statement of Advice - How to Follow my Advice / Commissions / Authority to Proceed
Please note the following;
- This ASIC example is based on a hypothetical and limited financial advice scenario developed in consultation with ASIC stakeholders.
- Table 6 and Table 7 describe the advice scenario, while the example SOA is set out in Appendix 2
- 96 The scenario deals with Brad and Zara Black—a married couple with two young children who have asked a financial planner, Sally Chong, to advise them on personal insurance cover in the event of death or disability, taking into account their current income and assets. Sally is an authorised representative of AFS licensee Planforit Pty Ltd.