WHAT KIND OF ADVICE WILL YOU RECEIVE?


You will receive either Personal Financial Product Advice or General Financial Product Advice.

Advice is generally only valid for a limited time and the appropriateness of advice is subject to many factors. These factors can be broadly divided into two categories:

  • the Relevant Personal Information (the Account's individual investment objectives and personal circumstances); and
  • the risks associated with the Financial Product on which the advice is being given.

Personal Financial Product Advice (Personal Advice) is based on your individual investment objectives and personal circumstances. You therefore need to provide us with this Relevant Personal Information to enable us to make such recommendations on a reasonable basis.

If we provide you with Personal Advice, you will receive a Statement of Advice (SOA) unless the advice relates to Further Market Related Advice (FMRA). FMRA is advice that relates to securities, managed investment products or derivatives that are able to be traded on a licensed market (such as ASX), and you require the advice to be given promptly (or it is in your interest to be given promptly). If we provide you with FMRA, we will not give you a SOA, but you can request a copy of the Record of Advice (ROA) up to 90 days after the advice was given.

If you choose not to provide us with your Relevant Personal Information, or the information you provide is incorrect or becomes incorrect, this may affect the advice provided to you. You should consider the appropriateness of any advice in respect of your relevant personal circumstances before you act on the advice.

You may choose not to provide some or all of your Relevant Personal Information. However, your adviser designated client representative will not be able to undertake a full needs analysis if you decline to provide some or all of your Relevant Personal Information, and will only be able to provide recommendations to you on the basis of the information provided. We may provide you with limited Personal Advice, that is, advice that is limited to a particular Financial Product range and/or based on limited Relevant Personal Information. This may mean the advice and resulting investment may not be appropriate to your needs, objectives and circumstances. You should make your own assessment of the appropriateness of any such advice to your needs.

General Financial Product Advice (General Advice): is advice that does not contain any direct or implicit recommendation that the Financial Products referred to are appropriate to your own investment objectives and personal circumstances. You should not rely on General Advice without making your own inquiries or assessment about the suitability of the Financial Product to your own individual investment objectives, financial situation and needs.

If you are given General Advice , you must clearly understand that:

  • the General Advice has not been prepared taking into account your particular investment objectives and personal circumstances - a full needs analysis has not been undertaken because your Relevant Personal Information has not been considered (either because we have not been given that information and/or the circumstances of that General Advice did not provide for consideration of that information (for example, at a seminar)); and
  • you should assess whether the General Advice is appropriate to your individual investment objectives and personal circumstances before making an investment decision on the basis of that General Advice; and,
  • you must, therefore, carefully assess how appropriate the recommendations are in light of your individual investment objectives and personal circumstances.

You may receive General Advice from us from time to time in, for example, the form of a Newsletter or attending a seminar.