John calls her adviser in relation to making a switch from one Global Sustainable Growth managed fund in his investment portfolio to another Global Sustainable Growth managed fund, due to a better research rating.

The fees and the asset allocation strategy of both funds are similar. Johns personal circumstances have not changed since the last Statement of Advice (SOA) provided to him by the adviser five months ago.

a.

The adviser should prepare a new SOA for John since the changes were recommended by him and John is acting on his own research.

b.

The adviser should prepare a Record of Advice (ROA) incorporating reference to the original SOA.

c.

The adviser should conduct research to investigate whether the adviser would come to the same conclusion as John in relation to the switch.

d.

None of the above are appropriate

e.

All of the above are appropriate alternatives