Introduction
As part of our commitment to improving our Digital Advice module, we have listened to your feedback and made some updates to our Base SoA.
AdviserLogic BaseSoA Update
This latest version of the BaseSoA will now allow you to complete a
- Personal Advice Only SoA
- SMSF Only SoA
- Personal Advice and SMSF SoA
What determines whether it is a Personal Advice SoA / SMSF Advice SoA / Personal and SMSF Advice SoA is the strategies selected.
As part of the the SMSF Advice Enhancement, we have also added new SMSF Specific Strategies. The available strategies for SMSF are as follows:
- Establish SMSF
- SMSF Platform Switch
- Establish an SMSF Investment Strategy
- Buy Investment Property for SMSF
- LRB SMSF
- Trustee Structure – Individual
- Trustee Structure – Corporate
- Reviewing your investment Strategy
- Using an Administration Service
- Establish a Working Cash Account
- Rebalance SMSF Assets
- Establish an Offset Account
- SMSF Investing in Direct Shares
- SMSF Investing in a SMA
- SMSF Establishing an MDA
In addition, we have also added a New Advice Flow
- Adding a SMSF Platform
- SMSF Platform Switch
AdviserLogic BaseSoA Update
How do I create a SMSF Advice Only SoA
Create your new scenario
- Under “Who is the Advice for?” Select either the Client, Partner or Joint.
- Under “What type of advice is it?” Select the SoA
- Select a SMSF Specific strategy (Eg SMSF Platform Switch)
As the selected strategy is specific for SMSF Only, only Chapters relevant to the SMSF will appear.
How do I create a Personal Advice Only SoA
Create your new scenario
- Under “Who is the Advice for?” Select either the Client, Partner or Joint.
- Under “What type of advice is it?” Select the SoA
- Select a SMSF Specific strategy (Eg Super Rollover)
As the selected strategy is specific for Personal Advice Only, only Chapters relevant to Personal Advice will appear.
How do I create a Personal and SMSF Advice SoA
Create your new scenario
- Under “Who is the Advice for?” Select either the Client, Partner or Joint.
- Under “What type of advice is it?” Select the SoA
- Select a SMSF Specific strategy (Eg Super Rollover and SMSF Platform Switch)
As the selected strategy is for Personal Advice and SMSF Advice, Chapters relevant to Personal Advice and SMSF Advice will appear.
New Advice Flow - Adding a New SMSF Platform / Switching Investment Options within a SMSF
Adding a New SMSF Platform
To invest $80,000 from your Cash Account into a New Platform do the following:
Select SMSF Platform Switch
In the [Switching Out Of] section, click on [Select Investments] next to [Direct Investment]
Enter the value you wish to withdraw from Cash
In the [Switching Into] Section, select the Platform you wish to invest in.
Then click [Proceed to Superannuation]
Click Either the PLUS icon next to Underlying Investments (To add your own investments) or Select your Model Portfolio from the Drop down
Click Save to Continue
Once you are satisfied with your investment select, click [Proceed to Research]
The Research and Fee screen allows you to perform comparisons which then appear in the Statement of Advice.
Output in the SoA
Strategic Advice
Current vs Proposed Costs
Comparison of Alternative Products