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Implementation steps for a Statement of Advice

1. Preparation Phase

2. Analysis Phase

3. Development Phase

4. Review Phase

5. Presentation Phase

6. Implementation Phase

  • Review the recommendations outlined in the Statement of Advice.
  • Prioritize actions based on client goals and timelines.
  • Begin executing investment purchases or changes.
  • Document each action taken for compliance and client records.
  • Identify all external parties involved in the implementation.
  • Establish communication channels with relevant service providers.
  • Share necessary client information securely and in compliance.
  • Confirm timelines and responsibilities with each provider.
  • Gather all required documents from the client.
  • Complete forms accurately and in full.
  • Verify that all signatures are obtained.
  • Submit paperwork to relevant institutions and keep copies.
  • Schedule a meeting or call to discuss implementation details.
  • Outline the timeline for each recommendation's execution.
  • Set clear expectations for client involvement and feedback.
  • Provide regular updates throughout the implementation process.

7. Follow-Up Phase

8. Compliance and Documentation Phase

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