Wealth Axis Wizard - Best Interest Duty (BID) Statement

Wealth Axis Wizard - Best Interest Duty (BID) Statement

The purpose of this Wizard guide is to help in the generation of a Best Interest Duty (BID) in the New Advice Framework, utilising best practice principles. The guide is aimed at ensuring the document provided is compliant and produced in the most efficient means possible.

Best Interest Duty Overview

You can find more information here about why you should complete a Best Interest Duty Statement.

Best Interest Safe Harbour Checklist

BID Safe Harbour Checklist

Steps for Preparing your BID using the Wizard

  1. Goals and Objectives

  2. Adding a Strategy

  3. Adding a Financial Product Recommendation

Once you have entered all the necessary information into the wizard, click on the "Merge BID Statement" and wait for it to appear in the envelope at the top of the page.

 

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