Financial Advice Disclosure

Our licence information

Valyrian Wealth Limited (‘VW’, ‘we’, ‘us’) holds a Financial Advice Provider (‘FAP’) licence issued by the Financial Markets Authority (‘FMA’) i to provide financial advice. VW provide financial advice through our employees who are Financial Advisers (‘Advisers’).

Our Financial Service Provider Registration number is FSP1006943. This FAP Disclosure Statement is important because it provides you with information about the services that we provide.

Nature and scope of our advice

VW provides financial advice to our clients in relation to their KiwiSaver and other investments.

We provide financial advice in relation to several KiwiSaver schemes, plus a wide range of investment products, including direct shares and Exchange Traded Funds (ETFs) listed in New Zealand, Australia, the US and the UK, New Zealand bonds, foreign exchange, and Managed Investment Schemes.

Our advisors can also advise on a wider range of investment products that are available to wholesale clients only.

What fees will you pay?

We charge a fee for the financial advice and monitoring service that we provide. This fee will be based on your funds under advice and is typically calculated on a percentage basis. This could be up to 0.9% p.a.

VW may also charge a plan preparation fee and or a portfolio performance review fee where appropriate as part of the advice provided. In all cases, fees charged for financial advice, planning, or portfolio performance reviews will be agreed with you beforehand and set out in your Investment Proposal.

Once fees are agreed these will be deducted from your custodial account. If you choose to be invoiced directly, payment is due by 20th of the following month or prior to the commencement of work in the case of plan preparation and portfolio performance reviews.

There may be other charges when we invest your money, for example: brokerage and foreign currency fees. We will discuss and agree these with you at the time and capture them in your Terms of Engagement.

Conflicts of interest, commissions and other incentives

VW is an independent financial advice firm and so does not recommend investment products in which it has a financial interest. For the investment management services, VW will not collect any additional commission for products recommended to clients as long as those assets are within the client portfolio managed by VW.

If the investment products are outside of the client portfolio managed by VW, then we may seek payment from those providers as compensation for the work required to select and monitor those investments. However, the key criteria for the selection of such investments shall be the suitability for the client’s objectives within their risk tolerance. Any commissions earned from such products will be disclosed at the time of the recommendation.

Our Advisers are employees paid a base salary with potential for a bonus. Individual product recommendations to clients do not affect their salary but may result in an increase to funds under advice and advice fee revenue. To be eligible for a bonus all Advisers must be able to show how they have complied with the Code of Professional Conduct for Financial Advice Services and their regulatory duties.

Our Advisers may from time to time recommend an investment purchase. For example, a new product issue. New product issues may result in VW receiving a commission from the product provider. We will present this to you in writing to help you make your decision.

Should a conflict of interest arise we have frameworks in place to manage such situations which include:

Our Advisers follow an advice process that ensures each client’s interests are prioritised, their objectives and needs are identified, and recommendations of financial products are made based on those objectives and needs.
We disclose and explain any perceived or potential conflicts of interest to each of our clients before providing financial advice to that client.
We have a conflicts of interest policy, maintain a conflicts of interest register and provide staff with regular updates and training.

What can you do if you are unhappy with any part of the service?

If you are not satisfied with any part of our service, please tell us so that we can try to fix the problem. You can contact us at [email protected]. You can also call us on 07 808 0222 or send a letter to PO Box 259, 3450, Cambridge

When we receive a complaint, if we cannot resolve it immediately, we will:

Let you know we have received the complaint within 2 business days.
Ensure that the complaint receives proper consideration.
Act in good faith in dealing with the complaint.
Work with you to obtain all relevant information to investigate the complaint.
Let you know what the outcome is as soon as practicable.

All complaints are logged and reviewed over time to help us improve our service.

If we cannot agree on how to fix the issue, we can refer retail clients to Financial Services Complaints Limited, our external disputes resolution scheme provider. This service is independent of VW and will cost you nothing.

Contact details are:

	Financial Services Complaints Limited
Address:	Level 4, Sybase House, 101 Lambton Quay, Wellington 6011
Postal Address	P O Box 5967, Wellington 6140
Phone:	0800 347 257
Email:	[email protected]
Website:	http://www.fscl.org.nz/

Our duties when providing Financial Advice

VW, and anyone who gives financial advice on our behalf, have duties under the Financial Markets Conduct Act 2013 relating to the way we give advice.

We are required to:

Give priority to your interests by taking all reasonable steps to make sure our advice is not 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 owe you. More information is available by contacting us, or by visiting the Financial Markets Authority website at www.fma.govt.nz.

A hard copy of this disclosure statement can be obtained on request by calling us on 07 808 0222 or contacting us at [email protected]