Sentry shortens SoA
Murray Hills
Sentry Financial Group has launched a compliant, generic Statement of Advice (SoA) within its Xplan software facility that is only 10 pages long.
The new SoA was manufactured with reduced industry jargon and more easily comprehended language that still complies with Australian Securities and Investment Commission and Financial Planning Association standards. It is also flexible and allows advisers to attach Product Disclosure Statements and research data, technical and educational material and projections.
Murray Hills, the chairman and chief executive of Sentry Financial Group, said it was important to always evaluate their procedures “to ensure that the administrative burden on advisers is reduced and that consumers are able to make well-informed financial decisions”.
The Sentry Financial Group will next review and update the strategies in its financial planning software.
“The Sentry management team is acknowledged by our advisersÉ for our commitment to removing any unnecessary administrative processes and activities so that they can focus their energies on addressing the financial and investment needs of clients,” Hills said.
AUTHOR
Benjamin Levy
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