Independent compliance checking for your financial advice
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What is AdviserCheck?
When your financial adviser gives you a Statement of Advice (SOA), Record of Advice (ROA), or Client Advice Record (CAR), it is meant to explain their
recommendations clearly and meet strict legal standards under Australian law. AdviserCheck
analyses your document against those same regulations — FOFA, s961B, RG 175, DBFO — and
gives you an independent report showing if anything is missing, unclear, or needs a closer look.
Compliance checking was once only available to large firms and auditors. AdviserCheck brings
the same level of scrutiny directly to you.
Why use AdviserCheck?
Independent check — your adviser's firm has their own compliance systems. This is your independent second opinion.
Triple-AI consensus — three independent AI models must all agree before a finding is reported, reducing false positives
Your privacy comes first — document text is deleted immediately after analysis. Only your results are kept.
PII masked automatically — Tax File Numbers, ABNs, emails, and phone numbers are removed before any data reaches the AI
Australian hosted — servers, database, and cache are all hosted in Sydney, Australia
Simple pricing — start with one free credit, buy more only when you need them
How it works
📄
Upload
Statement of Advice, Record of Advice, or Client Advice Record (PDF or Word)
🔍
Check
We verify your document is readable and extract the text
🧠
Analyse
Three independent AI models analyse it against Australian regulations
📊
Report
Detailed report with scores and findings for each area checked
🗑️
Deleted
Your document text is deleted immediately — only your results are saved
Secure access with Google
AdviserCheck uses Google Sign-In as the only authentication method. This ensures secure, password-free access — no separate registration, no passwords to remember or reset.
Your account is tied to your Google email, giving you access to your credit balance, analysis history, and referral rewards across any device. All authentication is handled by Google's secure infrastructure, not by AdviserCheck.
New users are automatically created on first sign-in and receive a free credit to get started.
Simple, credit-based pricing
$25
5 credits
$5/check
$45
10 credits
$4.50/check
$250
100 credits
$2.50/check
Start with 1 free credit — no credit card required. One credit = one compliance check.
Key Features
Six-layer check — completeness, best interests duty, contradictions, suitability, language clarity, and fee disclosure
Triple-model consensus — three AI models must all agree before flagging an issue, so you get reliable results
PII masking — Tax File Numbers, ABNs, emails, and phone numbers are automatically removed
Australian hosted — all infrastructure hosted in Sydney, Australia
Instant deletion — your document text is deleted right after analysis; only your results are saved
PDF and Word support — upload .pdf, .doc, or .docx files
Referral rewards — earn free credits by referring friends and family
Questions and Answers
How do I check if my Statement of Advice is compliant?
Upload your SOA to AdviserCheck — it analyses the document against Australian regulations including FOFA, s961B (best interests duty), s961G (appropriate advice), RG 175, and DBFO. The report highlights any missing, unclear, or potentially non-compliant sections across six check layers: completeness, best interests duty, contradictions, suitability, language clarity, and fee disclosure.
What is the best interests duty and does it apply to me?
The best interests duty (section 961B of the Corporations Act) requires your financial adviser to act in your best interests when giving personal advice. It applies to every Australian who receives personal financial advice. Your SOA should show evidence that your adviser considered your circumstances, looked at alternatives, and chose the option most suitable for you.
How much does a financial adviser cost in Australia?
The cost varies depending on the complexity of the advice. A comprehensive Statement of Advice typically costs between $2,000 and $6,000, while a simpler Record of Advice may cost less. Ongoing advice fees are usually 0.5% to 1% of your investment balance per year, or a flat annual retainer of $2,000 to $5,000. Your document must clearly disclose all fees in dollar terms. If it does not, that is a compliance concern.
What should I do if I think my adviser gave me bad advice?
First, raise your concerns with your adviser directly and ask them to explain or address the issue. If you are not satisfied, escalate to their licensee (the AFSL holder). If still unresolved, you can lodge a free complaint with the Australian Financial Complaints Authority (AFCA), which can investigate and award compensation of up to $1 million or more depending on the complaint type.
Are financial advice fees tax deductible?
Yes, fees paid for financial advice relating to your financial affairs are generally tax deductible under Australian tax law. This includes the cost of a Statement of Advice and ongoing advice fees, provided the advice relates to producing assessable income or managing your tax affairs. Fees relating to your superannuation may also be deductible. The ATO provides guidance on what is claimable.
How do I switch to a new financial adviser?
You can switch advisers at any time — you are not locked in. Review your ongoing service agreement for any notice period (typically 30 days). Notify your current adviser in writing, request a copy of your file (including your SOA), and confirm that ongoing fees have stopped. Choose a new adviser by checking the ASIC Register to verify their licence and qualifications.
What is the difference between general and personal financial advice?
General advice is information not tailored to your personal circumstances — for example, a newspaper article about super. Personal advice is tailored to you based on your specific goals, financial situation, and risk tolerance. Personal advice must be documented in a Statement of Advice, Record of Advice, or Client Advice Record and carries higher legal obligations, including the best interests duty. If you received a formal advice document, you received personal advice.
Can I access my super early if I lose my job?
Generally, you cannot access your super until you reach preservation age (between 55 and 60) and retire. However, you may be able to access a limited amount on compassionate grounds (for medical treatment, preventing foreclosure, etc.) or due to severe financial hardship — but strict criteria apply and require approval from your super fund. Early access should be a last resort as it reduces your retirement savings.
What is AFCA and how do I make a complaint?
The Australian Financial Complaints Authority (AFCA) is a free, independent dispute resolution service. You can lodge a complaint about financial advice if you have been unable to resolve the issue with your adviser or their licensee. AFCA can investigate and award compensation. Time limits apply — generally, you have up to two years from becoming aware of the problem to lodge a complaint.
How long does my adviser have to keep my records?
Under the Corporations Act, your financial adviser must keep your records — including your Statement of Advice, Record of Advice, Client Advice Record, ongoing service agreements, and any other advice documents — for at least seven years after the advice was provided or the client relationship ended. You have the right to request a copy of your file at any time. The adviser may charge a reasonable fee for preparing the documents.