The documents Australian advice firms produce, in plain terms — and the production work that sits behind them.
The document an Australian financial adviser gives a retail client to set out personal financial advice — the recommendations made, the reasons behind them, and the fees, benefits and interests that could reasonably have influenced the advice. For most firms it is the most frequently produced advice record, and the heaviest to prepare.
A shorter advice record used in place of a full Statement of Advice in certain circumstances — commonly further advice to an existing client where the basis of the advice hasn't significantly changed. An RoA still records what was recommended and why, in a lighter format.
The advice record prepared when advising wholesale investors. Statement of Advice obligations apply to retail clients, so advice to wholesale clients is typically documented in a Wholesale Investor Summary instead.
A specialist who supports financial advisers by turning strategy and meeting outcomes into research, modelling and advice documents — much of the production work behind an SOA or RoA. In many firms, paraplanning capacity is the practical ceiling on how much advice can go out the door.
Crux drafts each of these records from meeting notes — templates keep the required structure reliable, AI drafts the client-specific detail, and your team reviews and approves every word — see how it works orbook a demo.