This document is part two of a Financial Services Guide and should be read in conjunction with part one.

 

This Financial Services Guide (FSG) contains important information about:

  • Your Authorised Representative/s;
  • The Financial Products and Services provided by your Authorised Representative;
  • How your Authorised Representative charges for their services; and
  • How NEO Financial Solutions Pty Ltd (the Licensee, ‘NEOFS’ AFSL 385845) and its Authorised Representatives are paid.

 

1. AUTHORISED REPRESENTATIVE PROFILE

 

1A. CORPORATE AUTHORISED REPRESENTATIVE PROFILE

 

Corporate Authorised Representative Name The Trustee for OFP Unit Trust
Corporate Authorised Representative ASIC Number 1006949
Trading Name Omnis Financial Planning
Business Address 1 Alvan Street, Subiaco, WA 6008
Postal Address PO Box 1296, Subiaco, WA 6904
Telephone 08 9380 3555
Fax 08 9380 9515
Mobile 0419 118 809
Email daniel@omnisgroup.com.au
Web Page www.omnisgroup.com.au

 

1B. AUTHORISED REPRESENTATIVE PROFILE

Authorised Representative Name                                           Daniel Morcombe

Authorised Representative ASIC Number                          311943

Mobile                                                                                                      0419 118 809

Email                                                                                                        daniel@omnisgroup.com.au

 

 1C. AUTHORISED REPRESENTATIVE BACKGROUND

Qualifications BSc, Adv. Dip FP, SMSF & ML.

Over 13 years Financial Planning experience with Westpac, a boutique Fee for Advice Firm and Perpetual Private Clients.

 

Experience working with High Net Wealth, Business Owners, Professionals, Families and Pre and Post Retirees. Strong Investment background from five years with Perpetual with a focus on Outcomes Based Investment Philosophy. Risk management and Estate Planning focus to ensure family and current position are protected and tax is minimised now and for future generations.

 

Omnis Financial Planning is a Fee for Service Practice, with no product alignment meaning we are paid by our clients for advice and not for holding products. We are focused on providing strategic Financial Planning to help clients achieve their personal and financial goals.

 

2B. SERVICES OFFERED

 

 

The Authorised Representative named in this Financial Services Guide has been authorised by NEOFS to provide Financial Product Advice and Deal in the following products:

 

  • Cash Deposit & Payment Products;
  • Government Debentures, Stocks & Bonds;
  • Life Products – Life Risk Insurance Products;
  • Life Products – Investment Life Insurance Products;
  • Superannuation, RSA’s & Retirement Income Stream Products
  • Managed Investments;
  • Securities;
  • Self-Managed Superannuation Funds
  • Standard Margin Lending Facilities.

Only products researched and approved by NEOFS can be recommended by your Authorised Representative.

 

2B. SERVICES OFFERED

 

The Authorised Representative named in this Financial Services Guide is able to offer you the following services:

 

  • Personal Risk Insurance
  • Business Succession Planning
  • Business Succession Planning
  • Estate Planning Strategies
  • Guidance on Budgeting
  • Pre-Retirement Strategies
  • Wealth Accumulation Strategies
  • Transition to Retirement Strategies
  • Self-Managed Superannuation Funds
  • Salary Packaging
  • Centrelink & Veteran Affairs
  • Socially Responsible Investments
  • Standard Margin Lending & Gearing
  • Managed Investments & Securities

 

2C. SERVICES & PRODUCTS NOT OFFERED

 

Your Authorised Representative is unable to provide advice on the following financial strategies and products; we may have referral arrangements in place for a service or financial product listed below. Please inform us if you wish to receive advice in these areas and we will be happy to refer you to a suitably qualified adviser. It is important for you to understand that we do not endorse, recommend or accept responsibility for the services, strategies and/or products provided by external referral service providers.

 

  • Derivatives
  • Direct Property
  • General Insurance

 

 

3 HOW WE GET PAID

NEOFS receives all remuneration upon implementation of the products and services provided by your Authorised Representative. NEOFS then pays The Trustee for OFP Unit Trust 90% of all remuneration received.

Following is a guide as to how commissions and/or fees may be charged. If you choose to receive personal advice, the Statement of Advice you receive will detail the specific payments in relation to the products recommended. You have a right to request further particulars in respect to the remuneration received by the Authorised Representative or NEOFS.

All fees are inclusive of GST.

 

3a What are the costs

 

Your Authorised Representative may provide you with an initial meeting for which there is no charge. Further meetings including the preparation, implementation and ongoing advice will be charged by one or a combination of methods as outlined below. You may elect to be invoiced directly for these fees to be paid to NEOFS or you may elect to have these fees deducted from your investments. An estimated cost of services will be provided to you before commencing any work.

 

Initial Appointment

Initial Appointment

We will collect information from you at this meeting and provide you with general only advice at this meeting. The costs in providing comprehensive advice services will be quoted to you at this meeting. To receive comprehensive advice you will need to have a Statement of advice prepared. $330.00 / Hour

 

Fee for Service Hourly Rate
We may charge an hourly rate for the services we provide. $330.00 / Hour

 

Statement of Advice Preparation Fees From

(Min)

To

(Max)

Advice fees are charged based on the complexity of the advice provided.

Please note the SOA preparation fees still apply where you decide not to implement our advice.

$550 $10,000

 

Implementation of Advice (non Insurance) (1st Year only) From

(Min)

To

(Max)

Investment of superannuation and non-superannuation funds $1,000 $5,500

 

 

Implementation of Advice (Insurance) (1st Year only) From

(Min)

To

(Max)

Investment of superannuation and non-superannuation funds $1,000 $5,500
The commission is a percentage of the insurer’s base premium i.e. premium excluding stamp duty, fire services levy, GST, model loadings or any other government charges, taxes, fees or levies. Example: if the annual premium was $500 NEOFS would receive up to $650 in the first year based on the maximum. 0% 130%

 

Ongoing Advice Fee (Non Insurance) From

(Min)

To

(Max)

Ongoing Advice: Flat Fee

Ongoing Advice fees will be determined by the complexity and requirements of the recommended strategy.

 $1,000 $20,000
Ongoing Advice Life Insurance / Risk Products Commission From

(Min)

To

(Max)

NEOFS will also receive a renewal commission from the product provider each year while your policy is in force. This is a percentage of the annual premium you pay.

Example: if you’re annual premium is $500 NEOFS would receive up to $150 per annum based on maximum.

 5% 30%

 

 

3b. Other Remuneration I may receive.

Omnis Financial Planning Pty Ltd ATF OFP Unit Trust has a referral agreement with S2S Finance whereby they will pay a referral fee of 22.5% of upfront and ongoing commission received. This payment is for time spent dealing with the financing transaction and is NOT an additional cost to the client. This is paid from any fees paid to S2S from the finance companies.