{"id":669,"date":"2015-08-21T11:10:28","date_gmt":"2015-08-21T01:40:28","guid":{"rendered":"https:\/\/fwgs.net.au\/?p=669"},"modified":"2015-08-24T13:46:13","modified_gmt":"2015-08-24T04:16:13","slug":"the-documents-part-9-soa-safe-harbour-port-5","status":"publish","type":"post","link":"https:\/\/fwgs.net.au\/the-documents-part-9-soa-safe-harbour-port-5\/","title":{"rendered":"The Documents Part 9 – SoA (Safe Harbour Port 5)"},"content":{"rendered":"
Specifically, if it is reasonable to consider recommending a financial product, you as the adviser must:<\/p>\n
In some cases, it is not reasonable to recommend an SMSF, given the subject matter of advice sought by the client. Instead, you may need to:<\/p>\n
You are not required to investigate every product available. However, if a client requests that you consider a specific financial product, you must investigate that financial product. The more complex the strategy is, the more you will need to research and investigate suitable products.\u00a0<\/em><\/p>\n As part of your obligation to conduct a reasonable investigation, you need to demonstrate that you have investigated relevant alternative strategies. Details of your investigation do not need to be included in the Statement of Advice but should be kept in your advice records.\u00a0<\/strong><\/p>\n Switching advice is personal advice that is, or includes, a recommendation that:<\/p>\n When you give switching advice, you need to consider and investigate:<\/p>\n The best interests duty, and related obligations, affect your switching recommendations in that:<\/p>\n When you give switching advice, you need to disclose in your Statement of Advice:<\/p>\nAlternative strategies and products<\/strong>\u00a0<\/em><\/h3>\n
When you give switching advice<\/strong>\u00a0<\/em><\/h3>\n
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Reasons for switching<\/strong>\u00a0<\/em><\/h3>\n
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Disclosure\u00a0<\/strong>\u00a0<\/strong><\/h3>\n
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Other articles in this series:<\/h5>\n
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