What is an SOA and When do you Need One?
What is an SOA in Finance? A Statement Of Advice (SOA) is a legally binding, written document that sets out the financial recommendations that are given to a client by a financial advisor. It covers the client’s financial situation and sets out a financial plan that includes the client’s financial goals, possible investment strategies and…
Cybersecurity Tips and Tools for Financial Planners in 2023
The Importance of Cybersecurity Tools for Financial Planners Financial advisors and planners deal with and store confidential information that their clients provide. Having that information accessed by an unauthorised party can not only result in a financial loss for the client, but it will also cause severe reputational damage for the advisor and a consequent…