ASIC launches financial advice toolkit for Australians

ASIC's MoneySmart website has published a financial advice guide for consumers, to better understand the process of getting financial advice. The initiative is part of a program to improve the financial literacy of Australians. 

The Financial Advice Toolkit is a free tool to break down the complexity of financial advice, helping with research and evaluating advice given. 

Impartial guidance is given on:

• Determining goals and needs within finance
• How to choose an adviser
• Preparing for the first meeting with an adviser
• Understanding a Statement of Advice (SoA)
• Reviewing one's own finances

Users can create a customised 'to-do' list, modifying it to suit personalised needs. A link is also available to the Financial Adviser's Register. 

Advisers can help clients by offering access to the Toolkit here.