Guardian offers financial planners free SOAs
Guardian Financial Planning has announced it will start leveraging an in-house paraplanning team to provide free statements of advice (SOAs) for risk insurance to advisers to help them focus on building their business and servicing clients.
At first, the offer will only apply to SOAs on personal risk insurance, but Guardian plans to roll it out to risk in super and eventually comprehensive investment advice that includes a risk component, according to Guardian executive manager Simon Harris.
Guardian currently has eight paraplanners in the in-house team, but may look at expanding that once demand increases, Harris said.
The service is aimed at helping advisers better prepare for a post-FOFA (Future of Financial Advice) environment, by taking away some of the administrative burden, costs and complexities involved in preparing SOAs, he said.
The service has been piloted since May with a group of 40 advisers, with very positive feedback, he said.
The service matches advisers with a dedicated paraplanner, providing advisers with a personalised service offering, Guardian stated.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
