Disclosure


WISEplanning Limited (FSP15082) trading as WISEplanning is a Financial Advice Provider (FAP) licensed and regulated by the Financial Markets Authority to provide financial advice.

 

WISEplanning takes responsibilities for the financial advice provided by WISEplanning’s financial advisors and nominated representatives.  Financial Advisors can offer financial advice but only within the limitations of their training, knowledge, skill and competence.   A nominated representative is a person who gives financial advice as restricted by the systems and processes of the FAP.

 

Nature and scope of the advice:

We provide financial advice about

  • Investment Planning Service. Investment portfolio design, investment placement and investment portfolio management. Investments include for example, direct shares, managed funds, passive index funds, fixed interest, property (listed property trusts, residential property).
  • Comprehensive Financial Planning. Cash flow management, general estate planning, lifestyle risk management and Insurance, setting up and building investment capital.
  • Lifestyle Risk Management and Insurance.  We only provide financial advice about Health, Income Protection, Trauma / Critical Care, Total and Permeant Disablement and Life Insurance provided by the following product providers:

 

We only provide financial advice about Health and Life Insurance provided by the following product providers:

Life Insurance

Health Insurance

Trauma Insurance

Income Protection

Total and Permanent Disablement Insurance

Asteron

n/a

Asteron

Asteron

Asteron

AIA

AIA

AIA

AIA

AIA

Partners Life

Partners Life

Partners Life

Partners Life

Partners Life

n/a

NIB

n/a

n/a

n/a

AMP

n/a

AMP

AMP

AMP

Cigna

n/a

Cigna

Cigna

Cigna

 

Fees or expenses:

WISEplanning will charge a fee for the financial advice that is provided to you. The fee  charged will depend on the nature of the financial advice and service or program that we provide.

 

Financial services tend to be transactional in nature and can be based on the administration and structuring of investments and financial products.

 

Programs on the other hand can deliver, initiatives that are more strategic by nature, based on planning arrangements and positioning structures (less reliant on financial products).  Here is more detail:

  1. The Money Matrix programs. They are focused on financial independence (as distinct from retirement), designed to enable progressive people who expect more from life and from themselves.  They are in pursuit of more advanced goals and interested to achieve on a generally more advanced level compared to many others. These programs include The LifeStyle Positioner, Wise Asset Management, coaching / mentoring, mindset alignment as well as a suite of thinking tools and financial advice.
  2. Wise Asset Management. This program provides an investment service based on investment portfolio design, investment placement, ongoing investment portfolio management including regular reviews and updates as required.  A minimum of $100,000 of investment funds is required. 
  3. The LifeStyle Positioner.  This program is focused on the design and achievement of a preferred lifestyle later in life (beyond paying down debt and saving in kiwi saver).  It includes a comprehensive financial plan (cash flow management, general estate planning, lifestyle risk management and insurance, setting up and building investment capital).  
  4. Bridge to Wise Asset Management (WAM) service. This is an investment portfolio management service, focused on ongoing investment portfolio advice and administration only, with one portfolio review annually plus advice along the way if required.  It excludes portfolio design. 
  5. Wise Asset Management (WAM) Admin.  This is an investment portfolio administration service only and does not include any advice or portfolio management.
  6. Wise Asset Management (WAM) Admin Plus. – An investment portfolio administration service that includes one meeting where investment portfolio advice is limited to this one meeting only.  Investment administration only is provided along the way.

 

The exact fees we will charge will be confirmed at the time the advice is provided.  All of our fees are payable within 20 days of the date you receive the Invoice.

 

We offer our clients a choice of 2 wrap (Investment Platform) accounts:

  • MMC Wealth and
  • FNZ / Concilium

 

They each charge a similar amount of fee which is based on the amount invested. 

These fees are wrap account administration fees, not WISEplanning advice fees.  The fees charged by wrap account providers is the fee they charge you the client.  The fee is deducted monthly from the investment portfolio.  For example $100,000 invested may attract a wrap account administration fee of say 0.32 basis points (0.32 %) which equates to $320 per annum.  That would be approximately $26.67c each month on average.

 

Commission breakdown for Wealth MMC/Consilium FNZ/Forsyth Barr:

Wealth MMC/Consilium/Forsyth Barr

Fee

Provider

Name

Fee

Ongoing Service Fee

Wealth MMC

Administration Fee

Fixed rate of .32% per annum

Ongoing rate of .32% per annum

Consilium FNZ

Administration Fee on Non-cash Assets under $500,000

Fixed rate of .25% per annum

Ongoing rate of .25% per annum

Forsyth Barr

Brokerage on Shares

From 1%

From 1%

 

Share brokerage is charged for buying and selling shares (stocks).  This cost to you is deducted from the amount of shares bought or sold and is a one off cost each time shares are purchased and sold.  100% of this brokerage is paid directly to the share broker.

The exact fees we charge for financial advice and guidance, will be confirmed at the time the advice is provided.

 

Risk management and Insurance:

Insurance (applicable only for those where the lifestyle risk management and Insurance service is provided and signed off through WISEplanning):

  • Where applicable with regard to any insurance policies taken out by you, you will need to pay the insurance premium to the Insurance Company as specified by each Insurance Company. This amount will be based on a number of factors, including the extent of the coverage, the length of time any benefit provides protection and your excess or waiting period.

 

Conflicts of interest and commissions:

Our advisers receive a salary as an employee of WISEplanning.  They are eligible to receive a bonus/incentive at the end of each financial year if a certain level of overall performance is achieved however this amount is not significant in relation to the adviser’s salary.   The incentive/bonus amount is based on many factors such as good conduct and behavioural competencies.

 

Risk management and insurance:

Where this service is applicable and provided, WISEplanning / our advisers can be paid in the form of commission from the Insurers through which we place business.  The amount of the commission we receive depends on the type of policy.  Typically we receive an upfront initial commission of between 80 – 200% of the annual premium and an annual ongoing commission of between 0-30% for every year the premium is in force.   We will provide more specific details of these commissions once we have talked to you and understand your needs /  at the time our advice is given (if that service is applicable in your circumstances). 

 

Investment brokerage / commission:

  • All commissions / brokerage we receive in relation to FNZ Concilium or MMC Wealth wrap account platform investments will be rebated to your account.
  • All commissions / brokerage we receive in relation to Consilium FNZ or Wealth MMC wrap platform investments will be rebated to your account.

 

To ensure our advisers prioritise our clients’ interests :

  • We follow an advice process that ensures our recommendations are made appropriately, based on clients’ goals and circumstances.
  • All our advisers undergo annual training about how to manage conflicts of interest.
  • We maintain registers of conflicts of interests and the gifts and incentives we receive. These registers are monitored regularly, and additional training is provided as required.
  • We undertake an annual independent Compliance Assurance Review by Strategi.

 

Complaints handling and dispute resolution

If you are not satisfied with our service or financial advice, please tell us as soon as possible.

 

Call: 0800 11 90 80 or (if calling from overseas +64 3 375 7001)

Email:                             admin@wiseplanning.co.nz

Write to:                        WISEplanning, PO Box 27 198, The Palms, Christchurch 8640

 

When we receive a complaint:

  • We will consider your complaint and let you know how we intend to resolve it. Where possible, we try to resolve your complaint immediately.
  • If we are unable to resolve your complaint immediately, we will acknowledge your complaint within 3 business days. We may contact you to get further information about your complaint.
  • We aim to resolve complaints within 30 working days of receiving them. If we need more time to investigate your complaint, we will let you know when you can expect to receive a response to your complaint
  • We will contact you by phone, email or letter to let you know whether we can resolve your complaint and how we propose to do so.

 

If we cannot agree on how to fix the issue, or if you decide not to use our internal complaints process, you can contact our external disputes resolution scheme.  Financial Services Complaints Ltd (FSCL) provides a free and independent dispute resolution service that may help to resolve your complaint if we haven’t been able to do so to your satisfaction. To contact Financial Services Complaints (FSCL):

 

Call: 0800 347 257 (or if calling from overseas +64 4 472 3725)

Email:                info@fscl.org.nz

                           complaints@fscl.org.nz

Write to:           PO Box 5967, Wellington 6140

 

 

Duties information

WISEplanning and our advisers have duties under the Financial Markets Conduct Act 2013 relating to the way that we give advice.

 

We are required to:

  • give priority to your interests;
  • exercise care, diligence, and skill;
  • meet standards of competence, knowledge and skill set by the Code of Professional Conduct for Financial Advice Services
  • meet standards of ethical behaviour, conduct and client care set by the Code of Professional Conduct for Financial Advice Services.

 

As a FAP, WISEplanning is required to:

  • ensure our financial advisors and nominated representatives comply with all the duties listed above.
  • have appropriate processes and controls in place to limit and regulate the advice provided by them.

 

Contact details:

WISEplanning Limited (FSP15082) trading as WISEplanning is a Financial Advice Provider (FAP)

 

Call: 0800 11 90 80 or (if calling from overseas +64 3 375 7001)

Email:                            admin@wiseplanning.co.nz

Write to:                       WISEplanning, PO Box 27 198, The Palms, Christchurch 8640

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Peter Flannery - WISEplanning - Authorised Financial Adviser and Certified Financial Planner - New Zealand

Peter Flannery

“Helping everyday Kiwis who expect more … to live their lives the way they want”

 

Peter was raised on the family farm in Kamahi, near Edendale in Southland. He is an investor, business owner and a first generation financial advisor, having entered financial services in 1983 in Southland.

 

Peter now lives in Christchurch with his family. His hobbies include family time, spending time with friends, exercise, reading a good novel and time on the deck at the bach.

 

Peter founded WISEplanning in 1987. His 500 clients live across New Zealand and a few overseas. The ongoing expansion of WISEplanning now includes offices in Invercargill, Christchurch (HQ) and Auckland.

 

Peter is known among his clients for challenging common practice and conventional methodology.

 

He argues “People tend to follow the crowd, which is interesting, because most people are both time poor and money poor, so why follow them?”

 

He is known to many around New Zealand as one of few to warn in 2004 of the coming global financial crisis (The GFC) that suddenly erupted in 2008. His views were considered controversial at the time. Peter credits Warren Buffett and his partner Charlie Munger for his most useful learning’s about investing.

 

Peter believes education continues throughout life. Some highlights from his recent continuing education include:

 

• The formal Financial Adviser training through Massey University in Palmerston North,

 

• The Entrepreneurial Coaching program through The Strategic Coach in Vancouver, Canada,

 

• The Business Owner/Manager Program through The Icehouse in New Zealand,

 

• The Peak Performance Program through Glazer Kennedy, Baltimore, USA

 

• The High Performance Program through The Elite Professionals Program in New Zealand

 

• The Experts Academy through Brendon Burchard, Sydney, Australia

 

• The Millionaire Mentor Program through Scott Harris, The Gold Coast, Australia.

 

As an investor, he is regularly researching markets and analysing potential investment opportunities and likes to point out to anyone who will listen that discipline around the investment method is key to success.

 

Peter has developed programs and tools that help everyday kiwis who expect more out of life to succeed sooner.

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Miriam Woon

Miriam has been with the WISEplanning team for a few years, bringing with her enthusiasm and extensive customer service skills to the role.

 

She emigrated to New Zealand from the Netherlands and spent her teenage years in the Bay of Plenty before moving to Auckland to begin her studies in Travel and Tourism. Employment in the Tourism industry eventually led Miriam to start her “8 year OE”. Whilst managing ski chalets in the French Alps, she met her future husband. They moved to Cardiff for a few years before moving to Canterbury in 2008, and now works remotely from Nelson.

 

Miriam is the Operations Manager for WISEplanning’s clients. Her passion has always been to work closely with individuals to help them improve their work and life skills.

 

Miriam enjoys spending time with her two sons, husband, family and friends. She has a passion for running, skiing, photography, exercise, reading and really enjoys dealing with people.

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Sean Yang

Sean is the Portfolio Coordinator for Clients at WISEplanning and brings his enthusiasm, professionalism and well developed customer service skills to the role. Sean was born in Beijing, China and obtained his Bachelor Degree in Economics (majored in Statistics) in China and Graduated Diploma in Accounting and Finance at University of Canterbury.

 

Sean has worked in the finance sector specialising in Investment Advisory for more than 10 years. He is experienced in dealing with clients’ queries and providing support to Financial Advisors.

 

He is an organised person with a strong customer focus. Sean enjoys spending time with his two daughters, wife, family and friends. He has a passion for sports such as soccer, badminton and swimming and really enjoys dealing with people.

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Theo Zbijowski

Theo Zbijowski is the Financial Paraplanner at WISEplanning who brings his friendly and enthusiastic attitude to the role.

Theo graduated from the University of Canterbury with a Bachelor of Commerce majoring in Accounting and Finance in 2016.

He is a conscientious person who maintains a strong work ethic as well as a professional attitude. Theo enjoys spending his time playing sports such as squash, tennis and table tennis; while also enjoying the company of his friends and family.

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Kim MacKenzie

Kim has been with WISEplanning since mid 2016 and is our Client Services Specialist. She brings enthusiasm for customer service, professionalism, good time management and efficiencies to the role.

 

Kim and her husband have been based in Christchurch for over 20 years and originated from Central Otago where they both grew up. They have three teenagers so Kim know’s first hand how busy managing life, money, kids and family can be.

 

Kim enjoy’s spending time with family and friends, should do more exercise than she does and recently brought a bach where her family and friends are now creating time spent memories that she hopes will carry her kids through to adulthood.

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