Financial Services Guide: Part Two

This document is Part Two of a Financial Services Guide & must 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.

AUTHORISED REPRESENTATIVE PROFILE

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

Omnis Financial Planning is a Corporate Authorised Representative of NEO Financial Solutions Pty Ltd AFSL 385845.

SUB AUTHORISED REPRESENTATIVE PROFILE

Authorised Representative Name  Daniel Morcombe
Authorised Representative ASIC Number  311943
Mobile  0419 118 809
Email  daniel@omnisgroup.com.au

Daniel Morcombe is a Sub Authorised Representative of Omnis Financial Planning.

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.

PRODUCTS &SERVICES OFFERED

FINANCIAL PRODUCTS 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.

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
  • Debt Management
  • Estate Planning Strategies
  • Guidance on Budgeting
  • Pre-Retirement Strategies
  • Wealth Accumulation Strategies
  • Transition to Retirement Strategies
  • Superannuation
  • Centrelink & Veteran Affairs Planning
  • Self-Managed Superannuation Funds
  • Socially Responsible Investments
  • Managed Investments
  • Standard Margin Lending & Gearing
  • Securities
  • Salary Packaging
SERVICES & PRODUCTS NOT OFFERED

Your Authorised Representative is unable to offer you advice or services regarding the financial products or services listed below, 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.

  • General Insurance
  • Direct Property – Sales
  • Derivatives
  • Direct Property – Strategies Only
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.

From this The Trustee for OFP Unit Trust pays Daniel Morcombe a salary and bonuses if certain targets are achieved and funds the costs associated with operating their business.

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.

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

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.

N/A

Fee for Service Hourly Rate

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

Statement of Advice Preparation Fees

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

From (Min) $550    To (Max)  $10,000

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

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

Investment of superannuation and non-superannuation funds

From (Min)  $1,000     To (Max)  $5,500

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

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.

From  (Min)  0%     To (Max) 130%

Ongoing Advice Fee (Non Insurance)

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

From (Min) $1,000     To (Max) $20,000

Ongoing Advice: % Based Fee
Ongoing Advice fees will be determined by the complexity and requirements of the recommended strategy.
From (Min) 50     To (Max) $20,000

Ongoing Advice Life Insurance / Risk Products Commission

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.

From (Min) 5%     To (Max) 30%

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.

FSG Issued by:
NEO Financial Solutions Pty Ltd
ABN 64 141 607 098 AFS Licence 385845
90 Edward Street, Perth WA 6000
08 9227-1472
compliance@neofs.com.au

HEAR IT FROM OUR CLIENTS

Turfmaster Facility Management sought a change of accounting practice in 2001. After looking at many accounting practices of varied sizes, our directors settled on Omnis Group. On introduction to Justin our directors believed we had found an accountant with the same drive and determination to service his clients as we had. Together, we have both grown and evolved our businesses into proactive, service driven, value for money entities. With a friendly and professional approach, Justin has contributed greatly in the ongoing success of our business with his ability to assist our administration staff as well as providing up to date strategic tax planning advice at a company and personal level. We hope that our association will continue for many years to come as our businesses continue to prosper.
Brett Johnson , Turfmaster Facility Management, Director
I enjoy working with a business that is developing and facing the same issues that my businesses do. Omnis Group is a fantastic role-model for small-businesses because their actual development, and strategies for development, are both tested and successful. Omnis Group also offer their clients free workshops and they are great. In particular I got a lot of value out of the Business Growth workshop. I also like that they visit me at no charge just to stay in touch with how my business is going.
Dan Sewell , Tennis Excellence, Head Coach
Our company manages approximately 30 employees and contractors in a range of roles. We spend time researching and choosing those whom best meet our requirements of both trustworthy and reliable service to our business. A few earn our complete respect. Omnis Group is definitely one of them. Omnis Group oversees a range of responsibilities including cash flow control and general financial management. I also regularly discuss day to day matters with Justin and "bounce around ideas". During our past 3 years working with Omnis Group our business has strengthened financially and I feel relaxed knowing they are involved with our fiscal control. Justin and his team are a talented and trustworthy company and have our highest recommendation.
Charlie Ball , Elberton Property, Owner
Thanks for your consideration and reduction on your account. It wasn’t my idea to ask for that, but I appreciate it – the extra is to put on the bar for yourself, Luke, Gabby and anyone else who had a hand in it. You’re an amazing bloke Justin and we thank you for guiding us through the rough times.
Paul Stinson , Innaloo Sportsmen’s Club, Manager
Innaloo Sportsmens Club

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