FINANCIAL SERVICES GUIDE 1 ST JUNE 2017

Transcription

1 FINANCIAL SERVICES GUIDE 1 ST JUNE 2017 This Financial Services Guide is to help you understand our services and how we may assist you.

2 THE MHWA TEAM Director AFPA. Dip SM, Dip FS (FP), SSA Andrew has been servicing clients all over Australia since 1982, providing a range of wealth advice services to help people grow, manage and protect their wealth. Andrew is a Self-Managed Super Fund Professionals Association (SPAA) Specialist Adviser and member. Andrew is a member of the Financial Planning Association. Andrew's particular strengths are in the areas of wealth creation, superannuation, retirement planning and Self-Managed Super Funds. Rachael Ooi Senior Paraplanner ADFP. Dip FP Rachael has been in the financial industry since 2011 and has recently completed her Advanced Diploma in Financial Planning. Rachael has just recently commenced her studies in Self-Managed Super Funds. Rachael provides the business with extensive knowledge on financial products and assists the adviser in preparing an appropriate financial plan for our clients. Stacey McMaster Clients Services Manager Stacey has been in the finance industry since 2010 and has since completed her Diploma in Financial Planning (RG146). Stacey is our key contact in terms of the overall relationship with MHWA. Stacey is keen to build on our professional relationship with you and support you with personal service and enthusiasm.

3 BEFORE WE PROVIDE YOU ADVICE Before we provide you with advice, you probably have a number of questions you would like to ask about us. You have the right to ask about our charges, the type of advice we will give and what you can do if you have a complaint about our services. Key information is set out in answer to the questions below. If you need more information or clarification, please ask us. This Financial Services Guide is issued by your Adviser with the authority of McMaster Heathfield Pty Ltd. You should also be aware that you are entitled to receive a Statement of Advice (SoA) whenever we provide you with any advice which takes into account your objectives, financial situations and/or needs. The SoA will contain the advice, the basis on which it is given and information about fees, commissions and associations which may have influenced the provision of the advice. If further advice is required, or when no financial product is recommended, a Record of Advice (RoA) may be provided to you instead of a SoA. You have the right to request a copy of the RoA (if you have not previously received a copy) within 7 years of that further advice being given. In the event we make a recommendation to acquire a particular financial product (other than securities) or offer to issue or arrange the issue of a financial product, we must also provide you with a Product Disclosure Statement (PDS) containing information about the particular product which will enable you to make an informed decision in relation to the acquisition of that product.

4 OUR ADVISORY SERVICES Who is my adviser? has been providing financial advice to clients since 1982 and is the Director and Authorised Representative of (Authorised Representative Number: ). is accredited with the following: Associate Member Financial Planning Association Diploma in Financial Services (Financial Planning) Diploma in Superannuation Management Dip SM Accreditation Self-Managed Super Funds (Tribeca) SMSF Specialist Adviser Self Managed Super Fund Professionals Association of Australia (SPAA) Registered Tax Advisers - Tax Practitioners Board (TPB) is active within the following professional associations: Financial Planning Association Australia (FPA) Self-Managed Super Fund Professionals Association of Australia (SPAA) Who does the Adviser act for when providing financial services? Your Adviser will be acting for you on behalf of McMaster Heathfield Wealth Advisers. What advisory services are available to me? We specialise in giving advice in the following disciplines: Cash flow management Wealth creation Debt management Personal insurance Superannuation Business insurance Self-Managed Superannuation Funds (SMSF) SMSF borrowing Transition to retirement planning (TTR) Corporate Superannuation Plans Succession planning Retirement planning Social security planning Aged Care Planning Estate planning Margin Lending Group Insurance We provide financial product advice for the following financial products: Deposit and payment products, including basic deposit products, deposit products other than basic deposit products and non-cash payment products Debentures, stocks or bonds issued or proposed to be issued by a government Risk insurance products, including life, trauma, income protection and total and permanent disability, buy/sell insurance. Retirement savings accounts Listed Securities Personal and Employer Superannuation Managed investments. We do not provide advice on the following services; General insurance Legal advice Real estate advice Foreign exchange Credit advice We will only recommend a financial product to you after considering its suitability to your individual needs, objectives and financial situation. The products we recommend are selected from our approved list of products and they have been researched by external experts (Lonsec). In addition, your Adviser is able to offer you an on-going monitoring and review service for your investment portfolio or life insurance program.

5 RELATIONSHIPS WITH PRODUCT PROVIDERS Do any relationships exist with product providers which may influence the advice being given? No relationships exist. Shareholdings I, my employer and/or an associated entity have a very small shareholding in GPS Wealth Limited. The products relevant to this are: HUB24 Managed Accounts Service Pathway to Wealth Managed Accounts Service I, my employer and/or an associated entity have a shareholding in Challenger Limited. Alternative Remuneration I, my employer and/or an associated entity, may receive sponsorship and non-cash benefits in relation to certain financial products. I maintain an Alternative Remuneration Register that contains information about any alternative forms of remuneration or benefits that I may receive. If you wish to inspect this register or you have any questions, please do not hesitate to ask.

6 OUR FEES AND COMMISSIONS The cost of your advice varies with complexity and value. The more complex and the higher value your financial world is, the higher the fee and vice versa. MHWA calculate appropriate and relevant fees to you based on a point system and on the complexity of your plan. Our Fees and Charges Fee For Service NO. OF POINTS COMMITMENT FEE PAID UP FRONT ADVICE FEE PAID AT 2 ND MEETING ADVICE FEE PAID AT 3 RD MEETING 1 $595 $2,613 $1,958 $5,166 2 $595 $3,053 $2,398 $6,046 3 $595 $3,493 $2,838 $6,926 4 $595 $3,878 $3,223 $7,696 5 $595 $4,208 $3,553 $8,356 6 $595 $4,400 $4,021 $9,016 7 $595 $4,620 $4,351 $9,566 8 $595 $4,730 $4,791 $10,116 9 $595 $4,840 $5,231 $10, $595 $4,950 $5,681 $11,226 TOTAL FEE ESTIMATE (INCL GST) % Quote Quote Add $400 per point Our Fees and Charges Ongoing TOTAL WEALTH MANAGEMENT ONGOING ADVICE CUSTOM PLATINUM GOLD SILVER BRONZE PRICE (INCL GST) QUOTE $14,580 $10,620 $7,200 $3,900 FEATURES Portfolio Review & Rebalance (up to) 4 pa 4 pa 2 pa 1pa Risk Review 1 p.a 1 pa 1 pa 1 pa Financial Plan Review 2pa 2 pa. 2 pa 1pa Estate Plan Review 1pa 1pa 1p.a. Basic Super Fund Review 1pa 1pa 1p.a. Add $600 Tax Planning Meeting Included Included Included Add $500 Centrelink Review & Update N/A N/A 2 1 CARE Implementation Plus Plus Premium Premium Standard SMSF Strategy & Management - Number of Accounts Extra - No of Investments & Business Compulsory if FUM* greater than $5,000,000 $2,000,000 $1,000,000 $500,000 $300,000 Compulsory if number of properties > *Funds under Management Please note: If you engage our services and we have commenced work on your financial plan, and you no longer wish to proceed with our advice or service, we reserve the right to invoice you for the work completed to date at an hourly rate of $300 plus GST. We will provide you a tax invoice with payment terms and close your file. Any data we have collected from you will be treated in accordance with our privacy policy. Your file will be archived for seven years in accordance with the conditions of our Australian Financial Services Licence.

7 FREQUENTLY ASKED QUESTIONS Do I get detailed information about actual commissions and other benefits my adviser gets from making the recommendations? Yes. You have the right to know about details of commissions and or other benefit your Adviser receives for recommending investments. We will provide this information to you when we make specific recommendations in the Statement of Advice (SoA) or Record of Advice (RoA). Will you give me advice that is suitable to my needs objectives and financial circumstances? Yes. However, to do so we need to find out your individual objectives, financial situation and needs before we recommend any financial product to you. You have the right not to disclose this information to us, should you chose. In that case, we are required to warn you about the possible consequences of us not having your full personal information. What should I know about any risks of the investments or investment strategies recommended to me? We will explain to you any significant risks of investments and strategies that we recommend to you. If we do not do so, you should ask us for further clarification. What information do you maintain in my file and can I examine my file? We maintain a record of your personal profile that includes details of your objectives, financials situation and needs. We also maintain records of any recommendations made to you. If you wish to examine your file, you should ask us and we will make arrangements for you to do so. Who can I speak to if I have a complaint about the advisory service? If, at any time, you are not satisfied with the advice you receive, or any other aspect of our service, we would welcome this feedback and will act on it immediately. You can forward your instructions to us by phone, fax, mail or . Our contact details are: Name: Attention: MHWA Complaints Officer Address: GPO Box 2496 Brisbane, Qld, 4001 Telephone: Fax: andrew@mhwa.com.au We will aim to resolve a dispute within 45 days. If we cannot resolve your concerns, you may contact the Credit & Investments Ombudsman (CIO) at: Attention: Case Management Team Address: Credit and Investments Ombudsman Ltd PO Box A252 Sydney South NSW 1235 Telephone: Fax: Website: The CIO provides consumers and financial service providers an accessible, independent and fair dispute resolution service. This service is free to consumers. Australian Securities and Investment Commission (ASIC) regulates all holders of Australian Financial Service Licenses including MHWA. They can be contacted on Can I tell you how I wish to instruct you to buy or sell my investment? Yes. You may specify how you would like to give us instructions. For example by telephone, , fax or other means. But in all cases we must receive a written confirmation of these instructions.

8 ADDITIONAL INFORMATION Professional Indemnity Insurance We hold Professional Indemnity Insurance cover for the activities conducted under our AFS licence. The limit of the indemnity is $2,500,000 for each and every claim and $5,000,000 in the aggregate for all claims arising out of our AFS licence activities. The insurance will cover claims made in relation to the conduct of authorised representatives of the Licensee who no longer work for the Licensee (but who did at the time of the relevant conduct). We believe that our Professional Indemnity Insurance cover satisfies the requirements of s. 912B of the Corporations Act. Your privacy Your adviser will develop a strategy based on your current financial situation, with the aim of meeting your individual financial goals and objectives. To achieve this, you need to be open and honest with your adviser. We understand that it can be uncomfortable to provide personal information on your health and lifestyle, or financial situation and assure you we are fully compliance with privacy and will uphold your information with the utmost confidence. has a policy relating to clients personal information and the process which we follow. We will keep any personal information in a secure file and you are free to view this file if you wish. To learn more about our collection and use of your personal information (for marketing and other purposes), please view the McMaster Heathfield Wealth Advisers Privacy Policy Statement available on our website ( or you can ask us to provide you with a copy. The advice we can give you is only as good as our understanding of your personal circumstances. Please help us to help you by being honest and open with your personal information. You have the right to withhold personal information, and this may compromise the effectiveness of the advice you receive. Registered Tax (Financial) Adviser I am a registered Tax (Financial) Adviser with the Tax Practitioners Board and am able to provide Tax (Financial) Advice services as defined in section of the Tax Agent Services Act 2009 (TPB) and the Tax Laws Amendment (2013 Measures No.3) Act The services I can provide in the course of giving advice of any kind are as follows: Ascertaining liabilities, obligations or entitlements of a client that arise, or could arise, under a taxation law; or advising a client about liabilities, obligations or entitlements of the client that arise, or could arise, under a taxation law. I can provide these services in circumstances where the client can reasonably be expected to rely on the service for either or both of the following purposes to: Satisfy liabilities or obligations that arise, or could arise, under a taxation law; Claim entitlements that arise, or could arise, under a taxation law. I cannot represent a client to the Commissioner of Taxation. I cannot prepare a tax return or a statement in the nature of a return. Only registered tax and Business Activity Statement (BAS) agents are permitted to make representations to the Commissioner of Taxation. Any Questions? Please contact in the first instance if you have any questions about this FSG or the services we provide.