When is a statement of advice (SOA) required?
A) A financial planner must provide the client with a SOA at the same time as, or as soon as practicable after, the advice is provided.
B) A financial planner must provide the client with a statement of advice SOA within 21 days after, the advice is provided.
C) A financial planner is not under an obligation to provide written advice to the client.
D) None of the above.
Correct Answer:
Verified
Q2: An SOA is not required in circumstances
Q3: An SOA must:
A) tailor advice to the
Q4: The 'know your client' process is integral
Q5: The three types of SOAs used by
Q6: The balance sheet, income statement and cash
Q7: In relation to which document supplied by
Q8: Consistent with RG 168, when documenting the
Q9: Acting in the best interests of the
Q10: Problems or conflicts that may arise between
Q11: A record of advice (ROA) can be
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