Disclosure statement

What If Planning Ltd (FSP 648749), trading as "Moneta", holds a licence issued by the Financial Markets Authority to provide financial advice.

Moneta and our financial advisers provide advice to our clients about their investments, personal and business insurance.

We provide advice and service around the following:

Insurance: Life, Trauma, Income, Health, Travel, Parent Boost Visa Insurance

Investment: KiwiSaver, Managed Funds, Fixed Return Investments, and Retirement and Financial Independence Planning

We only provide financial advice about products from certain providers:

For life, trauma, and income insurances, we work with: AIA, Acenda Life, CHUBB Life, Fidelity Life, Momentum Life, Partners Life, Pinnacle Life, and PPS Mutual.

For health insurance, we work with: Accuro, AIA, nib, Partners Life, Southern Cross and UniMed.

For KiwiSaver and investment products, we use: AIA, ANZ Wealth, Asteron Life, Booster, Fidelity Life, Generate, MCF, Milford, NZ Funds, Select Wealth, and Synergy (aka Consilium).

We charge a fee for investment advice. This fee will be calculated on the following basis:

Investment Plan: $1,500 (an additional $200 per hour if required, but this will be discussed beforehand. No surprises). The implementation of your plan is at our cost.

We are paid a finder's fee of between $50 and $300 for a new KiwiSaver application.

We are paid to review and manage your plan by the investment companies at a rate of between 0.5% and 1% of the total money you have invested. This is included in your total fees taken by the provider.

We are also paid to review and manage your KiwiSaver by the KiwiSaver provider at a rate of between 0% and 0.5% of the total money you have invested. This is also included in your total fees taken by the provider.

All fees exclude GST and are payable by the 20th of the month after an invoice is issued.

We may charge a fee for the financial advice provided where an insurance policy is cancelled within two years of inception, or to change to another provider/adviser. This fee will be based on covering our costs/expenses.

Conflicts of interest and incentives

For insurances, we receive commissions from the insurance companies.

If you decide to take out insurance, the insurer will pay a commission to Moneta based on the amount of the premium. If we refer you to another professional to provide a service we cannot, we may receive a referral fee.

From time to time, product providers may also reward us for the overall business we provide to them. They may give us gifts or other incentives.

To ensure that our financial advisers prioritise the clients' interests above their own, we follow an advice process that ensures our recommendations are made on the basis of the clients' goals and circumstances.

All our financial advisers undergo annual training about how to manage conflicts of interest.

We undertake a compliance audit, and a review of our compliance programme regularly by a reputable compliance adviser.

Duties

Moneta 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.

As per the Act 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 fma.govt.nz.