Public Disclosure Statement

FINANCIAL ADVICE PROVIDER DISCLOSURE INFORMATION:

Jordan Financial Planning NZ Limited is a Licensed Financial Advice Provider ‘issued by the Financial Markets Authority to provide Financial Advice services’

FSP #

FSP748233

Email

info@jfp.co.nz

Phone

04 570 2589

Work Address

1/134 Queens Drive, Lower Hutt 5010

Our Services

  • Investment, Superannuation, KiwiSaver and Retirement Planning.
  • Mortgage Advice for Personal and Investment Planning.
  • Personal and Business Insurance Planning.
  • U.K. Pension Transfer Planning.

    PRODUCTS WE CAN ADVISE ON:

    • KiwiSaver.
    • Managed Investments.
    • Superannuation.
    • Personal and group Insurance Products Including Life, Total Permanent Disability, Trauma, Income Protection and Health Insurances.
    • Business Insurance Products including Key Man Cover and Shareholder Protection
    • Mortgages and Equity Release Mortgages (Reverse Mortgages).
    • Life investment products including Whole of Life, Endowment and Bonds.

      PRODUCT PROVIDERS WE MAY RECOMMEND:

       

      Investments & SuperannuationBooster Investment Management Limited, Generate, Fisher Funds, Milford Asset  Management, ANZ Investments, Lifetime Asset Management, Select Wealth  Management, Policy Exchange, NZ Funds Management.
      KiwiSaverBooster Investment Management Limited, Generate, Fisher Funds, Milford Asset  Management, AMP, ANZ Investments, NZ Funds Management, Select.
      InsuranceAIA, Asteron Life, Chubb Life, Fidelity Life, Partners Life, NIB, Southern Cross, AMP /  Resolution Life (existing policyholder only).
      MortgagesANZ, ASB, Westpac, BNZ, The Co-Operative Bank, SBS Bank, Bank of China, Resimac,  Avanti Finance, Bluestone, Liberty, Sovereign, Heartland Bank (Reverse Mortgage referrals only)

      HOW WE ARE PAID

       

      Our remuneration is dependent on the nature and scope of the advice and services we provide  to you. We are remunerated by either Product Provider Commissions or Client Fees which will  be discussed with you during the advice process. We will confirm our actual remuneration in our  statement of advice to you. 

      In general, this is how we are paid for the following services:

      Investments & Superannuation

      Initial one-off advice and implementation fees:

      Initial Investment amountAdvice & implementation fee (up to)
      $10,000 – $50,0003%
      $50,000 – $250,0002%
      $250,000 – $500,0001.5%
      $500,000 +1%

       

      Ongoing advice, financial reporting and administration fee or commissions of up to 1.15% (combined) of total funds under management per year.

      U.K. Pension Transfer Service

      Initial one-off advice & implementation fees:

      Initial Investment amountAdvice & implementation fee (up to)
      £10,000 – £50,0005%
      £50,000 – £250,0004%
      £250,000 – £500,0003%
      £500,000 – £1,000,0002%
      £1,000,000 +1%

       

      Ongoing advice, financial reporting, and administration fee / commission of 1% (combined) of total funds under management per year.

      KiwiSaver

      Initial one-off implementation client fee or commission of up to $300.

      Ongoing client fee OR commission of up to 0.5% of total funds under management
      per year.

      Insurance

      Commissions:

      Up front commission of up to 230% of the annual policy premium.

      Ongoing renewal commissions of up to 25% of the annual insurance premium in force each year.

      Fees:

      Client fees may apply if you cancel or reduce your premiums in the first two years.  This is on the condition that we are required to repay our commission earned to  the provider, in line with their commission clawback schedule. The maximum fee  in this instance will be in line with the commission clawback amount plus GST  without the need for a separate fee agreement. This will not apply where you  exercise your statutory rights to be able to cancel the contract in the first 30 days.  *

       

       

      Mortgages

      Commissions:

      Up front commission, paid as a one off of up to 0.85% of the loan amount.

      Ongoing commissions of up to 0.25% of the loan amount in force each year.

      Fees:

      Up front commission, paid as a one off. Up to 0.90% of the loan amount.

      Ongoing commissions of up to 0.20% of the loan amount in force each year.

      Up front Client Fees as a one off can be up to 1% of the loan amount, this applies  only to a few select non-bank lenders.

      Client fees may also apply if you repay the loan in part or full during the first 27 months (lender dependent). This is on the condition that we are required to repay  our commission earned to the provider, in line with their commission clawback  schedule. The maximum fee in this instance will be in line with the commission  clawback amount plus GST. *

      Other Costs

      Other costs may be incurred in the process of providing our services to you. In these  instances, you will be liable for these costs. These costs may include but will not be  limited to incidentals such as travel costs and photocopying. We will, however, notify  you of all possible additional costs prior to you incurring them

      *A clawback is where a payment received from product providers or financial institutions for business placed  may be reversed due to the finance being repaid (in part or full) or the policy being cancelled or reduced by  the client within a given period.

      CONFLICTS OF INTEREST

      Further to any commissions earned, from time to time we may receive various incentives from providers  including but not limited to; training, conferences, tickets to special events, gifts for ongoing business 

      We manage these conflicts of interest by ensuring that we prioritise your interests above our own. The advice  we provide is based on understanding your goals and circumstances and providing recommendations which  are based on research. We keep a Register of Conflict which allows us to actively manage any conflicts which  arise

      OUR INTERNAL COMPLAINTS PROCESS

      If you have a concern or complaint about any part of our advice or service, please tell us so that we may try  remedy the problem. Our internal complaints manager is Ian Jordan who can be reached via email at ian@jfp.co.nz or 04 570 2589. We will reply to you within 2 business days and look to resolve your issue within  10 business days. IF we are unable to do so we will refer you to our external disputes resolution scheme

      OUR EXTERNAL COMPLAINTS PROCESS

      If we cannot agree on how to remedy the issue, we will issue you with a Letter of Deadlock and you can  then proceed to contact our external disputes resolution scheme – Insurance and Financial Services  Ombudsman Scheme. This service is free of charge and will assist in finding a resolution. 

      You can contact Insurance and Financial Services Ombudsman Scheme at: 

      Address: PO Box 10-845 Wellington 6143,  

      Telephone number: 0800 888 202 

      Email address: info@ifso.nz

      OUR DUTIES

      Jordan Financial Planning NZ Ltd, and anyone who gives financial advice on our behalf, 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 by taking all reasonable steps to make sure our advice isn’t materially  influenced by our own interests 
      • Exercise care, diligence, and skill in providing you with advice 
      • Meet standards of competence, knowledge and skill set by the Code of Professional Conduct for Financial  Advice Services (these are designed to make sure that we have the expertise needed to provide you with  advice) 
      • Meet standards of ethical behaviour, conduct and client care set by the Code of Professional Conduct for  Financial Advice Services (these are designed to make sure we treat you as we should and give you  suitable advice). 
      • This is only a summary of the duties that we have. More information is available by contacting us, or by  visiting the Financial Markets Authority website at https://www.fma.govt.nz
      • Any questions relating to this disclosure will be addressed free of charge.