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What is the purpose of Statement of Advice?

A Statement of Advice (SOA) is a document that sets out your situation and goals, and our corresponding financial advice. You will receive an SOA when we provide you with personal financial advice that takes into consideration your personal objectives, financial situation and needs. The SOA will contain:

  • the advice
  • the basis on which it was given
  • information about fees, commissions and associations related to the provision of this advice.

Read our Financial Services Guide to know more.