An SOA is not required in circumstances including:
A) when providing personal advice to clients having a relatively small amount of funds to invest (less than $15,000) .
B) where the advice does not involve the purchase of a financial product and where the entity providing the advice does not receive any remuneration.
C) both a and b
D) none of the above.
Correct Answer:
Verified
Q1: When is a statement of advice (SOA)
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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