Advisely Contributor
Iress ContributorHear! hear! I could not agree more! 💯 Here's hoping that being reminded of what the legislation actually requires already will be a light bulb moment for advisers, and licensees in particular, around what good advice can look like. I'm cautiously optimistic, that regardless of what occurs next with DBFO, we will see a change in the way advice is provided and documented. 🤞
You are correct and the big but is !!!!
Dealer groups want to control and cover themselves and ultimately it’s dictating what happens to the view and content of the SOA…
But it’s not just the SOA itself at all that the problem.. it’s the additional 300 plus pages that make up the document as attachments in pdf form for a client and then seeing if the even open up the attachments!!
Let alone going through them with the clients..
As no company produces a pds it’s all via pdf…
For example the HUB24 Investment only pds not the platform pds is over 150 pages !!!!
