FINANCIAL ADVISER PROFILE

Transcription

1 FINANCIAL ADVISER PROFILE Who is my Adviser? Aspire Wealth & Protection Pty Ltd is a Corporate Authorised Representative of Matrix Planning Solutions Limited. Their details are below: Aspire Wealth & Protection Pty Ltd ASIC AR No ABN No Business Addresses: 26 Donald Street, Nelson Bay NSW 2315 Postal Addresses: PO BOX 126, Nelson Bay NSW 2315 T: F: E: admin@aspirewp.com.au W: aspirewp.com.au Business Profile As a Corporate Authorised Representative of Matrix Planning Solutions Limited, Aspire Wealth & Protection Pty Ltd offers you a wide range of services to assist you in planning towards achieving your financial goals. We are committed to providing you with the highest level of advice by offering you a complete solution to your needs and have authorised the individuals listed below to provide you with general and personal financial advice. Christopher Hale Adviser Qualifications & Memberships Chris is an Authorised Representative of Matrix Planning Solutions Limited. His educational qualifications and membership of Professional Associations are: Diploma of Financial Services (Financial Planning) Financial Planning Association (Associate member) Justice of the Peace His Australian Securities and Investments Commission (ASIC) AR number is: Chris is a Director of Aspire Wealth & Protection Pty Ltd which is a principal agreement holder and Corporate Authorised Representative of Matrix Planning Solutions Limited. Aspire Wealth & Protection Pty Ltd provides financial advice in the following areas: Personal and Corporate Superannuation Pre-Retirement Planning & Retirement Planning Portfolio Construction and Management Cash Flow and Debt Management Personal Life Insurance (Life, Total & Permanent Disablement, Trauma, Income Protection) Business Life Insurance (Key Man, Business Expenses, Buy Sell) Saving / Investment Plan Debt Management Estate Planning What types of Financial Products is Matrix authorised to provide advice on? Provide general advice and personal advice Arrange to deal in financial products by applying for; acquiring, varying or disposing of the following financial products: - Managed investments including investor directed portfolio services - Superannuation - Retirement savings accounts (RSA) - Debentures, stocks or bonds issued or proposed by governments - Basic and other deposit products - Securities - Life products including investment and risk - Standard Margin Lending Facilities - Credit Assistance CFSGCG Financial Adviser Profile Date: 1 July2013 Version

2 If you do not wish to receive advice, Chris may deal on your behalf by carrying out your instructions. If you do not obtain advice, you face the risk that the Financial Product/s you select may not fully take into account your objectives, financial situation or needs. Matrix Planning Solutions Limited is responsible for the financial services provided including the distribution of this Financial Services & Credit Guide (FSG/CG). Matrix Planning Solutions Limited (ABN ) Australian Financial Services and Australian Credit Licensee License No If you have any further questions about the financial services Matrix Planning Solutions Limited provides, please contact our office on Please retain this document for your reference. It may assist you when you deal with Matrix Planning Solutions Limited in the future. CFSGCG Financial Adviser Profile Date: 1 July2013 Version

3 HOW WE CHARGE FOR OUR SERVICES Aspire Wealth & Protection Pty Ltd Business Addresses: 26 Donald Street, Nelson Bay NSW 2315 Postal Addresses: PO BOX 126, Nelson Bay NSW 2315 T: F: E: W: Our fees and charges will be discussed and agreed with you prior to the provision and implementing our services. You may pay the fees by credit card, direct debt, cheque or deduction from your product. If a fee paid by credit card, this option will attract a variable service charge that is subject to change at any time without notice by the bank. The latest service fee is available on the bank s website. Initial Consultation Our approach to paying for our services. The initial meeting is at our expense: We provide the first meeting with you at no cost. This meeting is provided so we have the opportunity to understand your financial needs, for us to share what services we offer and how we might be able to assist you. We will provide an estimate of our fees for the advice that will be provided at the conclusion of the initial consultation. This will be based on the complexity and scope of advice and services required. Strategy Preparation & Presentation (if applicable) We will charge a fee for service when dealing with you. This fee is determined by any of the following arrangements. Fee for Advice 1) An agreed fee based on the type and level of complexity of the services required. 2) An hourly rate as agreed up to an amount of $350 per hour (+GST) 3) An implementation fee may apply. This may include a flat dollar fee, a percentage of funds invested or a combination of both. 4) For ongoing services, a flat dollar fee, a percentage off assets under advice, or a combination of both. The advice offering and the packages are available in our Corporate Brochure and your adviser will discuss the most suitable option for you. The specific amount will be provided to you in a Terms Engagement/Service Agreement after consultation with you. This document will need to be signed prior to us proceeding with any advice preparation.

4 Initial Advice/Fee for Advice Cost This may include: - Collection of financial information - Goal setting - Research / investigation - Modelling - Cashflow Monitoring - Preparation and presentation of Statement of Advice (SOA) Ongoing Advice Cost This may include: - Ongoing advice - Review of investments and insurance - Tracking towards goals - Ongoing administration support - Implementation of products The fees will depend on the type, complexity of advice and products Statement of Advice $990 to $15,000 Implementation Fee 0-5% of your investment The specific amount will be provided to you in a Terms of Engagement/Service Agreement after consultation with you. This document will need to be signed prior to us proceeding with any advice preparation. Initial Insurance Commission: We may also receive a commission of 0%-130% based on the first year insurance premium from the insurance products we recommended. Please note that commission is paid by the product provider to your adviser and is not an additional cost to you. Any commission will be specifically disclosed in the Statement of Advice. Our ongoing service fees are either an agreed monthly fee for service or a percentage that will range from 0.6% to 1.1% of funds under advice. Engagement on a fee for service basis is charged up to the rate of $350 per hour. The level of ongoing service required will determine the amount of service fee payable by you. These fees will be agreed between you and your adviser. These fees will be shown separately from any other product or administration costs in your advice document. Ongoing Insurance Commission: We may also receive a commission of 0%-35% per annum based on the renewal premium of the insurance products we recommended. Ongoing Cash Management Account/Trust Commission We may also receive a commission of 0%-0.385% of the account balance from the cash management trust or cash management account we recommended. Please note commission is paid by the product provider to your adviser and is not an additional fee to you. These will be specifically disclosed in the statement of advice. Pre-existing Fee Arrangement Where you are already in a commission arrangement prior to 1 July 2013, we may continue to receive commission from the investment, insurance and margin loan products implemented. The relevant product provider will pay your adviser the following ongoing commission: Ongoing investment commission Margin Loan commission 0%-1.313% of the balance 0%-0.385% of the balance Please note commission is paid by the product provider to your adviser and is not an additional fee to you. Fees for Special Work The initial and ongoing fees outlined above represent the amounts that would be payable for services within the range of those typically provided. However, it is possible that you may seek special advice or services, which require more time and resources than would generally apply. If so, we will provide a separate quotation for those services and seek your agreement before this additional work commences. Matrix Planning Solutions Limited, ABN , is holder of an Australian Financial Services and Credit Licence No and is responsible for the services and advice given to you by your adviser. Version Number: V

5 Referral Fees We may pay a referral fee to some businesses that refer clients to us. If you are referred by one of these businesses, we will tell you the amount that we will pay your referrer when we provided our advice to you. This is not an additional cost to you. We may also receive referral fees from Third Parties. If these are to be received, they will be disclosed in the Statement of Advice. The commission and fees shown represent the amount payable to Matrix when you accept advice or other services. Generally Matrix retains between 2.5%-10% of any fees and commissions received and pays the remainder to your adviser or an associated Corporate Authorised Representative. In some cases the Corporate Authorised Representative may choose to pay Matrix a flat fee in lieu or a percentage of earnings. Where payments are made to a Corporate Authorised Representative, your adviser will receive one or more of the following: salary, fringe benefits, dividends or other financial benefits. Unless otherwise stated, all fees are GST inclusive. Matrix Planning Solutions Limited, ABN , is holder of an Australian Financial Services and Credit Licence No and is responsible for the services and advice given to you by your adviser. Version Number: V

6 SUPPLEMENTARY FINANCIAL SERVICES GUIDE Dated: 1 February 2016 Version: SFSG Version 3.1 This Supplementary Financial Services Guide (SFSG) supplements the Matrix Planning Solutions Financial Service Guide (FSG) V3.0 dated 1 December This SFSG is to be read in conjunction with the FSG. This SFSG has been authorised for distribution by: Matrix Planning Solutions Limited (Matrix) ABN Australian Financial Services and Credit Licence No Matrix Planning Solutions Limited has changed the registered address of the licensee. The registered address has changed from Level 12 to Level 14, 20 Bond Street NSW Replace on page 2 under heading Expertise : Level 12 with Level 14 All other contact details remain unchanged. The change of address does not affect the address of your Financial Adviser. If you have any questions regarding this SFSG, please do not hesitate to contact us or your Financial Adviser. SFSG Date: Version 3.1

7 COMBINED FINANCIAL SERVICES GUIDE AND CREDIT GUIDE (FSG/CG) - VERSION 3.0

8 CONTENTS About Us 2 A Guide To Our Relationship With You 3 Remuneration and Other Benefits 5 Complaints and Other Information 7 COMBINED FINANCIAL SERVICES GUIDE AND CREDIT GUIDE VERSION DECEMBER

9 ABOUT US Who is Matrix? To provide financial and credit advice in Australia you must be authorised through a licensee. Your Financial and Credit Adviser is authorised through Matrix Planning Solutions Limited ABN (Matrix, Licensee, we, us). Matrix is an Australian Financial Services Licensee (AFSL) and Australian Credit Licensee (ACL), AFSL & ACL No Matrix is a Professional Partner of the Financial Planning Association of Australia (FPA). As a Professional Partner, our Authorised and Credit Representatives are committed to meeting the FPA Code of Professional Practice. Quality Advice Your Matrix Financial and Credit Adviser has excellent support in terms of product research, software and technical advice. Every Matrix Adviser has access to these expert resources allowing them to either specialise or to offer the total spectrum of financial advice, from wealth creation, risk protection and retirement planning to lending and leasing. We will always act in your best interests. Expertise In today s dynamic and complex financial environment, getting sound advice regarding your finances is critical. To achieve maximum value, that advice should come from someone who offers clientfocused solutions and a high degree of expertise. That s why a number of Australia s leading Financial Advisers came together to create Matrix. Matrix Planning Solutions Limited address is Level Bond Street SYDNEY NSW 2000 Contact Details Address PO Box Q1493 QVB NSW 1230 Web and contactus@matrixplan.com.au Telephone Fax Matrix and Your Adviser MATRIX FINANCIAL PROVIDERS ADVISER Matrix Matrix Planning Solutions Limited holds the licence with which your Adviser is authorised to provide advice. Matrix is reponsible for the advice and conduct of your Adviser. Adviser Your Adviser is authorised by Matrix to provide advice to you. Financial Provider Financial products are placed on your behalf through external providers. 2 COMBINED FINANCIAL SERVICES GUIDE AND CREDIT GUIDE VERSION DECEMBER 2014

10 A GUIDE TO OUR RELATIONSHIP WITH YOU The financial and credit services referred to within this document are offered by an Authorised Representative and/or Credit Representative of Matrix. This document must be read in conjunction with the Financial Adviser Profile and the How We Charge For Our Services documents which are both attached. One is incomplete without the others. Together, these three documents constitute our Combined Financial Services Guide and Credit Guide (Guide). The Guide is given to you on behalf of Matrix and your Authorised Representative. Matrix is responsible for the financial and credit services provided to you, including the distribution of the Guide. You should take the time to read the Guide so you can make an informed decision about whether to use our services. If you have any questions, please contact us. The Guide contains important information regarding The services offered to you The process we follow to provide financial and credit assistance services Matrix as the holder of an Australian Financial Services Licence and Credit Licence The lending institutions we deal with How Matrix Authorised Representatives and Credit Representatives are remunerated Any associations or potential conflicts of interests we may have Our internal and external dispute resolution procedures and how to access them and Matrix s Privacy Policy. When we provide you with initial financial or credit assistance advice This will be documented in a Statement of Advice (SOA) for you. This document will detail and take into account your current financial situation, requirements and future needs. The SOA issued to you will also provide you with information regarding: The strategy and product recommendation we are making Advantages, risks and disadvantages of the advice Any other services we recommend Our fees and commissions, as well as the way they are determined Any associations we have with financial and credit product issuers or other parties that may influence the advice we provide to you. When we provide you with further financial or credit assistance advice Depending on the complexity of the advice, your Adviser will prepare either a SOA or a Record of Advice (ROA) for you. If the recommendation for a particular financial or credit product is made, we will provide you with the information relating to that product in the form of a Product Disclosure Statement (PDS) or other disclosure documents issued by the issuer of the recommended financial or credit product. Credit Assistance Matrix, as a credit licensee, provides credit services in relation to the following: Strategic credit advice Assistance with mortgages, personal loans and credit cards Referral to a broker or credit provider and Other credit assistance as appropriate to your situation. It is important to note that your Adviser is only authorised by Matrix to provide credit activities but not to be a credit provider or a lessor. Generally, Matrix Advisers will provide credit advice in conjunction with financial planning advice. Where your Adviser is a Credit Representative of Matrix and where credit assistance is being provided to you, your Adviser has to adhere to a number of important obligations. Credit assistance means suggesting that you remain in, apply for, or increase the credit limit of a particular mortgage or other credit contract with a specific credit provider. To ensure you are not provided with credit assistance where the recommended contract is unsuitable for you, we are required to complete a Preliminary Assessment document. The Preliminary Assessment assists us in making the determination whether a COMBINED FINANCIAL SERVICES GUIDE AND CREDIT GUIDE VERSION DECEMBER

11 contract is unsuitable. We must make reasonable enquiries or take actions to: Understand your requirements and objectives in relation to the credit contract or credit limit increase Understand your financial situation and Verify your information, for example, obtaining proof of income and expenditure. Your Adviser needs to give you a written copy of the Preliminary Assessment free of charge, or upon request, any time within 7 years of the date your credit assistance quote was provided. If the request is made within 2 years of the credit assistance quote the Preliminary Assessment must be provided within 7 business days after the request is received, otherwise the Preliminary Assessment must be provided within 21 days at all other times. It should be noted that your Adviser is prohibited from suggesting or assisting you to apply for an unsuitable loan contract. If at any time the products on our approved list (see Approved Product and Investment List of this document) are deemed not suitable to your situation, your Adviser will refer you to a credit provider who will be able to recommend a suitable product. Collecting your personal information You will be requested to provide us with your personal objectives, details of your current financial situation and any relevant information to enable us to provide appropriate advice to you. This will be recorded in one of two ways: for financial planning related advice, via a Financial Needs Analysis (FNA) booklet; for credit related services, via a Preliminary Assessment booklet. Both these booklets form part of the data collection process which ensures the advice provided to you is based on your personal situation and is in your best interest. You have the right not to provide us with the above information. However, if you do not, the advice you receive may not be appropriate to your objectives, financial situation and needs. You should carefully read the information and warnings contained in the SOA or other advice documents before making any decision relating to a financial product or advice. What information do you maintain in my file and can I examine my file? We maintain a record of your personal profile including details of your objectives, financial situation and needs. We also maintain records of any recommendations presented to you. If at any time you wish to examine your personal information, please let us know. Please refer to Matrix Privacy Policy within this document on how we are committed to keeping your personal information secure. How can I give you instructions about my Financial Product/s? You may tell us how you would like to give us instructions. For example by mail, telephone, fax or other means such as . Approved Product and Investment List Matrix Advisers are required to recommend investments from a wide range of approved products. This list is compiled and researched by the Matrix Research Committee using the services of established Research Houses to ensure their suitability to the Client s needs. Your Adviser will assess whether particular investments on this list are suitable for you. Where your Adviser is a Credit Representative of Matrix, your Adviser may provide credit assistance via a range of credit providers. The credit providers with whom Matrix has regular business relationships are: AMP ANZ Commonwealth Bank of Australia (including Colonial products) Homeside Lending St George Westpac. 4 COMBINED FINANCIAL SERVICES GUIDE AND CREDIT GUIDE VERSION DECEMBER 2014

12 REMUNERATION AND OTHER BENEFITS Any remuneration paid to Matrix or a Matrix Adviser for advice or by a product provider that relates to the acceptance of an individual financial or credit product recommendation will be disclosed in the SOA or ROA provided to you. Unless otherwise informed, all fees are inclusive of GST. A fee disclosure statement will be given to you each year if you choose to enter into an ongoing fee arrangement. It will outline the fees paid and the services you received in the preceding 12 months. Matrix or a Matrix Adviser may receive the following: Initial Advice (SOA) Fee: This is the fee paid by you for our research into your existing situation and inforce investments followed by the preparation and presentation of a SOA to you. Ongoing Advice Fee: This is the fee paid by you for the provision of ongoing advice on your portfolio to ensure that it remains appropriate to your needs and circumstances. Your Adviser will discuss these fees with you and obtain your agreement on the amount and the method of payment. The fees can be deducted from your product, invoiced directly to you or a combination of the two methods. Commissions: The payments are made by the product providers in the form of initial and/or ongoing commissions. This is not an additional cost to you. For further information, please refer to the document, How We Charge for Our Services, provided to you with details about your Adviser in the Financial Adviser Profile document. Licensee Fee from approved platforms Matrix is a distributor of a wide range of approved platforms that may be recommended to help with the management and administration paperwork of client investments and superannuation funds. A number of these platforms were deemed to be preferred, after Matrix completed thorough research based on their services, features and benefits for clients. A Licensee Fee will generally apply for clients who elect to use preferred platforms. The Licensee Fees are collected through the platform in consideration for Matrix services to you such as: Research on the investments and management of the Approved Product and Investment List available through preferred platforms Supervision and quality checking of preferred platforms Conducting due diligence on the investment and preferred platforms Providing feedback on behalf of clients to the product manufacturers on the enhancement and features of investment products available through preferred platforms Negotiating with product and/or preferred platform providers on client fee rebates Facilitating reduced administration fees from preferred platforms In some cases, assistance with issue resolution. The Licensee Fee may be up to 0.25% p.a. of your total investment under the platform. The exact amount of the Licensee Fee will be provided to you in a SOA or ROA. For example, if a Licensee Fee was 0.16% and your account balance was $100,000 the fee would be $160. Fee shares for other services provided by Matrix Matrix provides consulting services to some managed funds and portfolio providers. Matrix Advisers may recommend the use of those managed funds and portfolios if they suit your needs and are in your best interests. PartnerShip You should be aware that if you wish to invest in the Russell PartnerShip series of managed funds an amount equal to 0.20% p.a. of your investment balance in that fund is paid to Matrix, to meet the cost of asset consultation services associated with these funds provided by Matrix. This forms part of the investment fees levied by Russell Investments and is not an additional cost to you. For example, if your investment balance is $100,000, Matrix will receive $200 p.a. COMBINED FINANCIAL SERVICES GUIDE AND CREDIT GUIDE VERSION DECEMBER

13 MX Passport If you invest in the MX Passport Portfolio Blends, 0.22% p.a. (including GST) of your investment balance collected by the platform or administration service will be passed on to Matrix, for the management and research expertise provided in managing and executing the portfolio of investments for you over time. For example, if your investment balance is $100,000 Matrix will receive $220 p.a. Other non monetary benefits From time to time, Matrix Advisers may receive other benefits which may include: Educational conferences and seminars: these are arranged by Matrix and attendance may be fully or partially subsidised by Matrix. Non monetary benefits: these may include business lunches, tickets to sporting and cultural events, promotional merchandise or other minor benefits from Matrix or product providers. These benefits are discretionary in nature and relate to future events. It is therefore not possible to provide an estimated dollar value on these benefits at this point in time. Any other benefits that Matrix or a Matrix Adviser may receive will only be accepted to a value of less than $300 per provider per year. Matrix maintains a public register of all other benefits they receive. Matrix also maintains a Conflicts of Interest Register for circumstances where some or all of your interests may be inconsistent or diverge from some or all of our interests or those of Matrix. If you would like to see a copy of these registers, you can contact Matrix. Any benefit that is material to our advice to you will be disclosed in your SOA or ROA. Associations and Interests Matrix Planning Solutions Limited is wholly owned by ClearView Wealth Ltd (ClearView) (ACN ) and is an ASX listed entity. Matrix Advisers may receive shares in ClearView as a result of ClearView purchasing Matrix Planning Solutions Limited. Matrix Advisers may hold ClearView shares through this arrangement or by purchasing them separately through the ASX. Matrix Advisers, their associated companies and trusts may receive dividends in respect of these shares. Matrix has an arrangement with ClearView under which it receives commission and other payments. These payments are not an additional cost to you and cannot be paid to Matrix Advisers. However, they contribute to Matrix s revenue. Details of any interest in ClearView will be disclosed in your SOA or ROA. Matrix Advisers are able to recommend all products on Matrix s extensive Approved Product and Investment List and there is no requirement for an Adviser to place business with any particular product issuer. However, Matrix does have a number of preferred platforms. Products on Matrix s Approved Product and Investment List may include products issued by companies within the ClearView Group, including ClearView Life Assurance Limited (ABN ), ClearView Life Nominees Pty Limited (ABN ) and ClearView Financial Management Limited (ABN ). These ClearView Group companies may receive fees and/or premiums if you purchase a product issued by one of them. Matrix Advisers are also authorised to advise on and deal in a range of products provided by external parties who are not related to Matrix. Matrix has arrangements with certain external parties under which it receives commission and other payments. These payments are not an additional cost to you and cannot be paid to Matrix Advisers. However, they contribute to Matrix s revenue. Will anyone be paid for referring you to Matrix? If someone has referred you to us, we may pay a fee or commission in relation to that referral. The SOA or ROA you receive will indicate the amount they will receive. If we are referring you to someone for a service not rendered by Matrix, we may be paid a fee or commission in relation to that outgoing referral. The SOA or ROA presented to you will indicate the amount that may be received. 6 COMBINED FINANCIAL SERVICES GUIDE AND CREDIT GUIDE VERSION DECEMBER 2014

14 COMPLAINTS AND OTHER INFORMATION What should I do if I have a complaint? If you have a complaint or concern regarding the financial planning or credit services provided to you by an Authorised or Credit Representative of Matrix, which has not been satisfactorily resolved by your Adviser within 5 days, we encourage you to take the following steps. Contact our Complaints Manager on the contact details provided on page 2, or alternatively you can send an detailing your concerns to complaints@matrixplan.com.au Upon lodgement of a client complaint with Matrix, the client will receive an acknowledgment of receipt and an indication of the timeframe in which Matrix will respond to the complaint. For Financial Planning related complaints, Matrix has 45 days following the lodgement date to notify the client of its decision with relation to the complaint. For Credit advice related complaints, Matrix has days (depending on the nature of the complaint) from the lodgement date to notify the client of its decision with relation to the complaint. If the complaint is not resolved within the time frames set above following the lodgement of the initial complaint date, the Complaints Manager will inform the client the reasons for the delay. If your complaint is not resolved to your satisfaction you have the right to refer the matter to the Financial Ombudsman Service (FOS). As a condition of licensing, Matrix is required to be a member of an external dispute resolution body. FOS can be contacted via the following means: Writing Financial Ombudsman Service GPO Box 3 Melbourne VIC 3001 Professional Indemnity Insurance Matrix currently has Professional Indemnity Insurance in line with legislative requirements. This includes coverage for claims in relation to the conduct of current Advisers and Advisers who are no longer authorised by Matrix (but who were at the time of any relevant claim). If you would like further information please contact Matrix. Matrix Privacy Policy Matrix is committed to implementing and promoting a Privacy Policy which will ensure the privacy and security of your personal information. The purpose of the Privacy Policy is to ensure you understand the ways in which we protect and store your personal information and how we comply with the Australian Privacy Principles by which we are regulated. You are entitled to obtain access to the information we hold about you including any preliminary assessment we conducted in relation to the suitability of the credit product by contacting your Adviser. To view a current version of Matrix s Privacy Policy, please refer to our website: You can also visit the Australian Information Commissioner s website at for more information about your privacy. info@fos.org.au Telephone COMBINED FINANCIAL SERVICES GUIDE AND CREDIT GUIDE VERSION DECEMBER

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