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How Financial Planning Advocate Works

When one of your clients needs financial advice, unless you hold an AFSL, you can’t give your client the advice they need. But you can act as your client’s advocate and arrange for us to provide the advice that you suggest. After all, you know your client better than anyone.

Having you as their financial planning advocate is easily the best way for your clients to get advice. Using your intimate and expert knowledge of what they need, you can arrange for quality advice in just a few minutes. We take it from there.

 

See our step-by-step process below

01

REQUEST ADVICE

You act as your client’s advocate and request advice on their behalf by logging in to our online portal and provide your client information and suggestions. If you prefer your client to provide information directly, we have an online fact finder facility branded with your logo which you can send to your client via a link or embedding on your website.

10 – 15 minutes
02

PREPARE ADVICE

We analyse your client’s circumstances and your suggestions. If we agree with your suggestions, we do everything needed to ensure that the strategy is recommended and implemented in accordance with the law. Sometimes we may suggest an alternative strategy – basically, we work with you to ensure your client gets the best of advice.

3 – 4 hours
03

REVIEWED BY COMPLIANCE TEAM

Once the advice is agreed, we write up the statement of advice and have it reviewed by our compliance team to ensure the advice is in your client’s best interest.

1 hour
04

PRESENT ADVICE

We present the SOA to your client via email and copy you in the email.

20 – 30 minutes
05

ACCEPT & IMPLEMENT

Once the client gives the go-ahead, we do all that is required to make the advice happen.

3 – 4 hours
06

GET PAID!

Once the advice is implemented and fee/commission is received, we’ll pay you your share. If the advice involves insurances, your share will consist of both the initial and trail commissions.

Too easy!