Frequently Asked Questions

Do you allow advisers outside of Queensland to sign up under Financial Force?

We may consider this based on a systematic review of the business and advisers.

What AFSL fees will I pay to operate under Financial Force?

Fees are subject to further review depending on whether you decide to implement as an individual or corporate authorised representative structure. Due to the ongoing increase in Professional indemnity cover and compliance costs, the licensee fees will change however, we are one of the more cost-effective providers.

If I have been banned by ASIC temporarily, is it possible for me to sign up with Financial Force?

No, all advisers will need to adhere to a clean record.

Do you provide us with administration documents to help us run our business? Such as file notes, best interest duty obligations and SOA templates?

Yes, we provide file notes structured to ensure that best interest duty is covered off and have systems in place to help educate how to meet best interests through File Notes and Statements of Advice (SOA) documents. We also have templates for Record of Advices, Time Critical SOA’s and workflows for Xplan.  

Do you provide research for investment products? Do I need to subscribe to Morningstar, Lonsec, Zenith or any other third party if I sign with Financial Force?

We are able to provide you with Zenith research free of charge however, you may want to sign up to more specialised research if required.

Do I need to utilise a CRM for my practice?

Yes, we offer flexibility whether it is Xplan, Midwinter, AdviserLogic or any new CRM.

Are we able to utilise ETF’s, Listed Investment Companies and Listed Investment Trusts in client portfolios?

Yes, if you’re registered and authorised in providing advice in securities we will allow the recommendations if the products are listed on our APL.  

Am I able to do utilise an external training provider other than Kaplan?

No, generally speaking we organise Kaplan training for you to ensure that education standards are up to date.