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 Brokering 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 & SuperannuationAMP, ANZ Investments, Booster Investment Management Limited, Lifetime Asset Management, Select Wealth Management, Policy Exchange, NZ Funds Management, Generate, Fisher Funds
KiwiSaverAMP, ANZ Investments, Booster Investment Management Limited, Fisher Funds, Generate, NZ Funds Management
InsuranceAIA, AMP / Resolution Life (existing policyholder only), Asteron Life, Cigna Life, Fidelity Life, Partners Life, Accuro Health Insurance, NIB, Southern Cross
MortgagesANZ, BNZ, ASB, The Co-Operative Bank, SBS Bank, Bank of China, Resimac, Avanti Finance, Bluestone, Liberty, Westpac, Sovereign

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

(Client fees only)

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 of 1% of total funds under management per year.

U.K. Pension Transfer Service (Client fees only)

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 of 1% of total funds under management per year.

KiwiSaver

(Commission only)

Up-front one-off implementation commission of up to $300.

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

Insurance

Commissions:

Up front commission of up to 210% paid as a one off of the annual insurance 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 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 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 apply if you repay the loan in part or full during the first 30 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. *

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 solution.

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.

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