DISCLOSURE STATEMENT
In accordance with the provisions of the Securities Markets Act 1988 and the Securities Markets (Investment Advisers and Brokers) Regulations 2007 this Disclosure Statement provides you with information and answers to questions about me. It provides details about:
• the services I can provide;
• how I operate my business;
• my qualifications as an investment adviser;
• what investment products I am able to sell you;
• which financial organisations I am able to place business with; and
• how I am remunerated.
EXPERIENCE
I have been an insurance adviser for 8 years and give advice on:
• Business and Personal Insurance
• KiwiSaver
Designer Protection Limited is a independent insurance brokerage. We have a contract with Professional Investment Services (NZ) Ltd. Professional Investment Services (NZ) Ltd is a life insurance agent, the insurance companies they hold agencies with are responsible for any life insurance advice Professional Investment Services (NZ) Ltd or its employees/sub-agents/Investment Advisers provide to you. Those life companies are:
AIG, AMP, Asteron, AXA, ING, Sovereign and Tower Health and Life
QUALIFICATIONS
Relevant qualifications include:
Bachelor of Business Studies – Massey University 1996
Business Insurance – Adviserlink 2001
I am currently studying towards my Certificate of Life Underwriters. Included in this study is the completion of a Graduate Diploma in Business Studies (Personal Risk Management). The Diploma will be completed in 2008.
I keep my qualifications up-to-date by attendance at industry seminars, conferences and training days.
HOW WE OPERATE
When we give advice we follow the internationally recognised six-step process:
1. Establishing the client-adviser relationship,
2. Gathering client data and determining your goals and expectations,
3. Analysing and evaluating the client's financial position with regard to
personal and business insurance.
4. Developing and presenting our written advice,
5. Overseeing the implementation of the plan, and
6. Monitoring and reviewing the plan.
PROFESSIONAL BODIES
I am a member of the Institute of Financial Advisers and, as a condition of my membership I adhere to the IFA Code of Ethics and IFA Practice Standards in all facets of my practice.
PROFESSIONAL INDEMNITY INSURANCE
In compliance with the Institute of Financial Advisers Code of Ethics, I have professional indemnity insurance which covers all my areas of practice as listed above.
This insurance provides protection for clients for:
• any error or omission;
• defamation;
• employee dishonesty; and
• includes full "prior acts" protection.
The minimum level of cover is in compliance with Institute of Financial Adviser's Membership By-laws.
The underwriter is AIG.
As with all insurance, this cover has limitations and is subject to certain exclusions and terms and conditions.
DISPUTE RESOLUTION
Professional Investment Services (NZ) Limited has an internal dispute resolution facility. All complaints or enquiries should be addressed to The General Manager, Professional Investment Services (NZ) Limited, P O Box 8463, Symonds St, Auckland.
If you would like any further information please do
not hesitate to contact us.
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