FINANCIAL SERVICES GUIDE (FSG)

Transcription

1 FINANCIAL SERVICES GUIDE (FSG) Australian Financial Services Licensee: Grsvenr Pirie Management Limited ABN: Australian Financial Services Licence Number: Effective Date: 1 st August Grsvenr Pirie Management Limited (Grsvenr Pirie) is a Financial Service Prvider and specialises in tailred slutins fr individuals and cmpanies. Imprtant infrmatin abut this guide: This dcument is a Financial Services Guide (FSG) and has been issued by Grsvenr Pirie t assist yu in making an infrmed decisin abut whether t acquire ur financial service. It cntains infrmatin abut wh we are, hw we can be cntacted, what services we are authrised t prvide t yu, hw we and ther relevant persns are remunerated, details f any assciatins which might reasnably be expected t be capable f influencing the service we prvide, and details f relevant dispute reslutin systems yu can use if yu have a cmplaint t make abut us. It cntains nly general infrmatin n the financial services we ffer. Shuld yu require additinal infrmatin, please ask us. If we ffer t prvide r arrange fr the prvisin f a particular financial prduct, yu shuld receive a Prduct Disclsure Statement (PDS). The PDS will cntain details f the particular financial prduct s that yu can make an infrmed decisin abut whether t acquire the prduct. Authrised Licensee: Grsvenr Pirie hlds an Australian Financial Services Licence (N ) and is respnsible fr the advice prvided by its representatives: Mr Hubert East and Mr Daniel East. Grsvenr Pirie is licensed t deal in financial prducts and prvide financial prduct advice in: Basic Depsit Prducts, Derivatives, Gvernment Debentures, Stcks r Bnds, Life Risk Insurance Prducts, Interests in managed investment schemes, excluding IDPS Securities, Superannuatin, Carbn Units, Australian Carbn Units, Eligible Internatinal Emissins Units, and Operate custdial r depsitry services, excluding IDPS t retail and whlesale clients.

2 Advice: Yu shuld als be aware that yu are entitled t receive a Statement f Advice (SOA) whenever we prvide yu with any advice which takes int accunt yur bjectives, financial situatin and needs. The SOA will cntain the advice, the basis n which it is given and infrmatin abut fees, cmmissins and any assciatins which may have influenced the prvisin f the advice. In the event that we make a recmmendatin t acquire a particular financial prduct (ther than securities) r ffer t issue r arrange the issue f a financial prduct, we must als prvide yu with a Prduct Disclsure Statement (PDS) cntaining infrmatin abut the particular prduct, which will enable yu t make an infrmed decisin in relatin t the acquisitin f that prduct. Fees and Charges: Self Managed Superannuatin Funds ( SMSF ): Grsvenr Pirie prvides advice, nging administratin/cmpliance and investment management service fr Trustees f SMSFs. The table belw is a summary f the range f charges we receive fr prviding this service: Establishment Fee $ One ff set-up cst, cvering the: r Existing Fund Take Over Fee Ldgement f applicatin t becme a regulated fund, Trust Deed, Investment Strategy, Establish bank accunt / CMT, Prduct Disclsure Statement, and r Existing Fund Take Over due diligence. Annual Fund Audit Fee: (Independent) $ p.a. GST inclusive (Estimated depending n size f fund). Required annually under the Superannuatin Industry (Supervisin) Act Payable annually t the Auditr appinted by the Trustees.

3 Administratin Fee: Asset value: < $250,000 > $250,001 < $500, % f assets r $1,800 per annum whichever is greater. 0.50% f assets The administratin fee is paid mnthly by direct debit f $150 frm the Fund s CMA/Bank Accunt. The balance f any fee is payable by the Trustee n receipt f the year-end Financial Statements and taxatin returns. Required annually and cvered by Grsvenr Pirie s administratin fee: > $500, % f assets Fund annual accunts Tax return Cmpliance checklist Annual minutes SMSF supervisry levy. 15 trades r less per annum. $ p.a. (GST nt applicable) Nil Payable t the Australian Tax Office. Please nte this is subject t change, cntact Grsvenr Pirie fr the latest levy payable. Fr 16 trades r mre per annum. $ per trade. Payable annually t Grsvenr Pirie. Pensin Administratin: Actuarial certificates $ (Estimated depending n size f fund). Payable annually t the Actuary appinted by the Trustees. Nte: All fee calculatins are based n the Grss Assets f the prtfli at the time f calculatin. Nte: All fees and charges are inclusive f GST unless stated.

4 Investment Management / Prtfli Administratin: Grsvenr Pirie prvides advice, nging administratin and investment management services fr the wners f investment prtflis. The table belw is a summary f the range f charges we receive fr prviding this service: Investment Management Fee: (This service is nly available t sphisticated r whlesale investrs) Administratin Fee: Asset value: 1.0% p.a. f ttal assets subject t a minimum f $1,000. Fixed $150 per mnth per prtfli. * We reserve the right t charge a transactin fee shuld the amunt f transactins be excessive, Grsvenr Pirie will prvide a separate qute fr this shuld it be required. Payable mnthly t Grsvenr Pirie. The administratin fee is paid mnthly by direct debit f $150 frm the Prtfli s CMA/Bank Accunt. Nte: All fee calculatins are based n the ttal assets f the prtfli at the time f calculatin. Nte: All fees and charges are inclusive f GST unless stated. Equity / Securities Executin Brkerage: Grsvenr Pirie des receive brkerage frm Etrade Australia Limited n equity transactins executed using its trading platfrm, Grsvenr Pirie ffers this service n a nn advice executin basis nly. Cntract Nte value: $ r % per trade 0 t $24, $50.00 $25,000 and abve Up t 0.5% Fees, Charges and Cmmissin fr service: GST: All fees and charges are GST included unless therwise stated. Sft Dllar: Grsvenr Pirie des nt receive Sft Dllar cmmissins fr any f its advice r activities. Cmmissins: Grsvenr Pirie may receive cmmissins (a.k.a Trail r Onging ) frm a third party prvider, such as a bank. Clients are nt charged brkerage in cnnectin f a new issue, hwever Grsvenr Pirie may receive a placement fee frm the issuer, usually arund 1.0%. These fees vary and are fully disclsed in the PDS r service descriptin f the prduct r security ffered.

5 Other csts: In sme cases yu may be charged ancillary fees in cnnectin with yur accunt, such as bank transactin fees, exchange fees, r custdy fees. These fees will be agreed with yu prir t it being charged, and Grsvenr Pirie is nt paid by the prvider fr these csts. Other: Best executin: When yu trade thrugh Grsvenr Pirie, we will always seek t achieve the best utcme fr yu when handling and executing yur rders. Fr mre infrmatin please cntact yur Grsvenr Pirie representative. Privacy: The privacy f yur persnal infrmatin is very imprtant t us. Any persnal infrmatin cllected will be handled in accrdance with ur Privacy Plicy. Please read Grsvenr Pirie s Privacy Plicy (a cpy f which is available n request) f which a summary is given belw: Infrmatin yu prvide t Grsvenr Pirie will be used t manage yur prtfli. Grsvenr Pirie may disclse this infrmatin t anyne yu authrise. Grsvenr Pirie may disclse the persnal infrmatin t its service prviders, t superannuatin regulatrs, t the family curt (if yu are invlved in a case befre it and we are legally required t d s) and as therwise required by law. If yu d nt prvide the requested infrmatin, Grsvenr Pirie may nt be able t accept yur applicatin r administer yur investment. If yu s request, inmst cases, we shall give yu access t the persnal infrmatin cllected abut yu. Cmplaints: Wh can I speak t if I have a cmplaint abut the advisry service? We are cmmitted t prviding quality advice t ur clients. This cmmitment extends t prviding accessible cmplaint reslutin mechanisms fr ur clients. If yu have any cmplaint abut the service prvided t yu, yu shuld take the fllwing steps: Cntact Grsvenr Pirie and advise the cmpany abut yur cmplaint; Enquiries can be made by telephne t (between 9:00 am and 5:00 pm Sydney time) r in writing; If telephne enquiries cannt be reslved, a written enquiry will be necessary; If yur cmplaint is nt satisfactrily reslved within 7 days please detail yur cmplaint in writing and frward it t the Chief Executive Officer Mr Daniel East, Grsvenr Pirie Management Limited at Suite A Macleay Street, Ptts Pint, NSW, 2011 r GPO Bx 263, Sydney NSW This will ensure that all parties invlved fully understand yur cmplaint.

6 Within 5 days f receipt f yur written cmplaint, yu will be ntified f the receipt f yur cmplaint and the timing f further discussins that need t ccur. We will try t reslve yur cmplaint quickly and fairly; If yu still d nt receive a satisfactry utcme, yu have the right t cmplain t the external dispute reslutin assciatin Financial Ombudsman Service (FOS) (ABN ) at GPO Bx 3, MELBOURNE VIC Freecall number is Grsvenr Pirie is a member f this cmplaints reslutin scheme; If yu still d nt receive a satisfactry utcme, yu can cntact The Australian Securities & Investments Cmmissin (ASIC) at their Freecall Inf line n , which yu may use t make a cmplaint r btain infrmatin abut yur rights. Anti Mney Laundering: As a financial service prvider, we have an bligatin under the Anti Mney Laundering and Cunter Terrrism Finance Act t verify yur identity f a cmpany r trust which yu wuld act n behalf f. This means that we will ask yu t present identificatin dcuments such as passprts, driver s license, trust deeds and r cmpany certificates. We are required under the act t retain cpies f infrmatin gathered and als pass this infrmatin gather t third parties which yu wuld be investing in r thrugh such as fund managers and share brkers. We assure yu that this infrmatin will be held securely in line with the Grsvenr Pirie Privacy Plicy. Mre infrmatin If yu wuld like mre infrmatin abut Grsvenr Pirie r the Grsvenr Pirie Master Superannuatin Fund Series 2, please cntact us n : and ask fr a Prduct Disclsure Statement r visit ur website: r write t GPO Bx 263, Sydney, NSW, Suite A Macleay Street, Ptts Pint, NSW, 2011 GPO Bx 263 Sydney, NSW, 2001 Telephne: (02) r Facsimile: (02) inf@gpml.cm.au