An SoA may be the means by which personal advice is provided to a client or, alternatively, it may be a separate record of advice that has been previously provided.

All retail clients will receive a Statement of Advice

In summary, the Statement of Advice outlines your request for insurance, the type of insurance policy we advised you to take and the monies ACE IRM received for providing that advice. This is a requirement by law to issue a Statement of Advice to all retail clients.