Disclosure Statement

Disclaimer	Privacy Policy		Service Levels		Home

Print This Page

Service Levels Offered by The Money People Ltd

Introduction

The Financial Advisers Act came into force on 1st July 2011. Peter whole heartedly supports the introduction of compliance as it aims to promote the sound and efficient delivery of financial advice. It is also designed to increase public confidence in the financial advisory sector.

The FA Act classifies clients into set categories. These include (a) wholesale clients (b) retail clients and (c) eligible investors. Unless we have advised you otherwise, we intend to treat you as a retail client.

Disclosure

Section 22 thru 24 of the FA Act states that an AFA must make disclosure before providing personalised service to a retail client.

Disclosure now comes in two forms – Primary Disclosure and Secondary Disclosure.

Please be advised that copies of both Peter Hensley's disclosure statements are available on line at http://www.peterhensley.co.nz/site_info/disclosure.htm . Advisers are obliged to provide a new disclosure whenever there has been a material change. Should you wish to receive a copy of the new statements please contact the office. Please be advised that the new laws mean that Peter is now regulated by the Financial Markets Authority.

The Money People Ltd's Service Levels

These service levels are to be read in conjunction with Peter Hensley's Primary and Secondary disclosure statements which is required under Section 22 of the Financial Advisers Act.

Service Type	Explanation	Cost
Defined as not being Financial advice	Providing information about products or markets, recommendations about a class of products, discuss investment strategies, describe investment procedures, relaying advice from others.	No cost
Broker Service	Deal execution only new issues or secondary market transactions (shares, preference shares, bond units etc). This service may, or may not, follow a discussion about the facts of an investment or maarkets (as abopve), or following Service delivered by all methods of communication (Phone, in person, written)	No advice fee. Issuers uasually pay us brokerage on new issue investments defined in covering letter. Client pays brokerage on secondary market transactions of 1% minimum. $50, displayed exactly on contract notes following transaction. Payment is due immediately.
Class Service	Make a recommendation or give an opinion in relation to acquiring or disposing of a financial product after being instructed not to complete a suitable analysis. Service delivered by methods of communication (Phone, in person, written). Refer CS 8 for more info.	Clients signs a form acknowledging that the advice sought/given was Class Service only. There is no charge for this service at this stage
Personalised Service	Make a recommendation or give an opinion in relation to acquiring or disposing of a finacial product based on suitability analysis. Service delivered by all method of communication (Phone, in person, written). Refer CS8, 12	Client pays an annual fee of $360 including GST.
Investment Planning Service	Provide an investment plan (written Statement of Advice), including Personalised Advice, based on overall financial situation and offers advice on realising investment goals. Service provided in writing only	Client pays a fee of $1,200 including GST.
Portfolio Administration Service	This is not an advice service. PAS offers to relieve clients of their investment administration. INvestment mail is directed to The Money People Ltd offices to be recorder, filed and returned to the client at the end of each tax year. Adice (as above) will be offered when required with investment decisions.	Client pays a service fee off 0.50%p.a. (of the value of the portfolio) over monthly instalments, reviewable every two years.

Schedule updated January 2012

About • Investments • Newsletters • Contact Us • Sunday Star Times • Client Login • Disclosure Statements