What constitutes a 'strategy' at Padua?

The following document explains our guidelines for what constitutes a “strategy” within a SOA or ROA: As a general rule, each strategy in the SOA or ROA is treated as one (1) strategy. The easiest way to explain this is wherever it states “We recommend you…” this will be treated as a strategy.

Product Recommendations

  1. Super, pension or investment product replacement advice is counted as one (1) strategy for a single and two (2) strategies for a couple.
  2. Personal insurance is treated as one (1) strategy for a single and two (2) strategies for a couple for any combination of Life, TPD, IP and Trauma. However, where there are differing strategy recommendations (e.g. apply, cancel, amend, retain), these are treated as separate strategies, but are capped at two (2) strategies for a single, and four (4) strategies for a couple.
  3. Where an adviser is implementing the same strategy for both members of a couple, it will be treated as one (1) strategy. This applies to estate planning, cash reserve, debt management, joint investment and non-concessional contributions where the frequency and amount are the same and no individual calculations to determine the impact are required.

Strategy Recommendations

  1. Where concessional contributions (salary sacrifice or personal deductible contributions) for a couple are being recommended and the amounts and/or frequency are different and we are required to calculate the impact on individual tax or cashflow position, this is treated as two (2) strategies.
  2. Product replacement advice and/or Modelling/projections that are aligned to the recommended position are charged at $130 + GST.
  3. Any additional Modelling/projections (tables or charts) requested by an adviser (e.g. existing position or alternative strategies), will be charged the Additional Modelling fee of $130 + GST plus $95 + GST for each additional scenario. Alternatively, may require a separate modelling and projections request at the cost of $190 + GST for the initial scenario and $95 + GST for each additional scenario.
  4. Only two (2) entities* are allowed per initial SOA or ROA cost. This means that for each two (2) additional entities an additional base price will be incurred. For example, if your SOA request has three (3) entities included we will charge you for the initial SOA or ROA (for the first two entities) and an additional SOA or ROA (for the third entity) plus any additional strategies.
  5. If your licensee requires each entity to be separated, a SOA or ROA request is required for each entity, and priced accordingly.

*Entities means an Individual, Couple, SMSF, Trust, or Company.