Statement of Advice

My aim is to ensure that you are provided with quality advice tailored to your specific requirements. This SoA contains information about the advice and clearly articulates the recommended financial planning strategies and product recommendations including relevant information and disclosures.

Prepared for:

Date Prepared:

Prepared by:

Authorised Representative Number:

Real Wealth Pty Ltd are Authorised Representatives of Professional Representatives who hold AFSL #434290

After our discussions and based on what you have told me, I understand your needs and objectives to be:

Occupation:

Date of Birth:

Marital Status:

Financial Dependents:

Your Current Superfund(s):

*Please note that the current superannuation information is based on either the information provided by the ATO directly and/or based on your information and therefore may not be complete. As your superannuation balance fluctuates daily, amounts shown can only be considered as a guide. 

This advice is provided in the following areas only: Superannuation Rollovers and Consolidation.

We have also briefly touched on insurance, however this will be recommended under a separate statement of advice. No advice has been provided at this time. 

Based on the answers to your risk profile questions, you are considered to be a  investor.

A roll-over is the transfer of a superannuation benefit to another superannuation fund or another superannuation plan of the same provider.

After considering your needs and objectives and examining your current superannuation arrangements I believe that transferring (referred to as ‘rolling over’) your current superannuation entitlements to an alternative superannuation fund would be appropriate. My examination highlighted deficiencies in the ability of your current superannuation funds to adequately meet your specific requirements.

I recommend that your superannuation benefits should be rolled over to Netwealth and invested as per the details below.  Initially, I recommend leaving the minimum balance with your current superfunds to maintain any insurance it may hold. Once your new insurance is in place, we will transfer the remaining funds to your Netwealth account.

To invest in-line with your risk profile and to help you achieve your needs and objectives I recommend using a mix of Exchange Traded Funds to create a portfolio:

The following table highlights the effect of rolling all superannuation into any one of the existing platforms while implementing your new strategy:

Netwealth offers one or more of the following relevant features and benefits which are not available in your current fund: Access to a range of investments such as ETFs and Managed funds, better transparency to see your balance, returns and the individual investments. Netwealth also allows us to tailor your investments specifically to your risk profile instead of generic mandates of “Balanced” or “Growth” etc.

Netwealth allows you to see individual costs as they are taken from the account. Other providers build their costs into the balance of your account making it difficult to determine the effective total costs.

Exchange Traded Funds allow access to a wide range of both local and international exchanges. Exchange Traded Funds have lower fees than typical managed funds. Using Exchange Traded Funds will help you achieve your objective of increasing your current return.

This recommendation may require trade-offs as all strategies contain both advantages and disadvantages. The important potential risks and disadvantages that may arise from this recommendation include:

• Rolling over superannuation from one superannuation fund to another may incur management expenses and costs, including a taxation liability arising from the sale of the underlying investments represented in your superannuation account. You current superfund(s) may  also charge you an exit fee of between $45 and $90. 


• When rolling over your existing superannuation you will generally lose entitlement to existing insurance coverage in that fund. Replacement insurance through your new superannuation fund may be more costly or even unobtainable, depending on the level of cover required, your age, and current state of health. Existing insurance arrangements should not be cancelled until such time as replacement insurance has been confirmed.


• Where investments held in your current superannuation fund are sold prior to rolling over your benefit to another superannuation fund, a rising investment market may result in less investments being purchased within your replacement superannuation fund.


• If you have made superannuation contributions to your current superannuation fund, and intend to claim a personal tax deduction for all or part of those contributions, it is imperative that you provide your current superannuation fund with a “notice of intention to claim a tax deduction” (as required under section 290-170 of the Income Tax Assessment Act 1997) and that the notice be acknowledged before you roll your current superannuation over to the proposed fund. Failure to lodge this notice will result in the loss of a tax deduction.


• All forms of investing involve risk. These investments are the same. There is no guarantee of a return, nor that the Exchange Traded Funds will meet your return objective.


• A partial rollover has been recommended to maintain your insurance as your current insurance has not been reviewed. This means at this time your superannuation will not be completely consolidated into one fund.

The above advice is to help you achieve your superannuation goals and outcomes.

You currently have multiple superfunds paying multiple annual fees. Consolidating your superannuation reduces annual fees but also allows for better tracking of your superfund.

Managed Funds also generally have higher fees than Exchange Traded Funds which erode your returns. Your superannuation is also a long term investment. As such, we have recommended Exchange Traded Funds which track or mirror the exchanges. Exchange Traded Funds are used to allow access to a range of exchanges both locally and internationally. This provides significant diversification advantages, high access to your funds (no waiting periods to withdraw) and have very low overall management fees. We believe that these investments will help you achieve the highest return for your risk rating than through managed funds or through your current investments.

A key requirement was ease of access and transparency. Netwealth provides 24/7 access both online and via a phone app to your superfund. This gives you direct access to view not only your superfund balance, but also the investments and the individual returns for these investments.

You are also currently invested in investments different to your current risk profile being a investor. This advice will invest you in line with your current investment profile.

Netwealth has a broad range of investments which allows your superfund to be highly tailored to your current circumstances. It also allows for changes and updates should your circumstances change or based on market conditions.

I embrace the concept of Best Interests Duty and give priority to your interests ahead of my own. My commitment is to act in the best interests of you my client and to act honestly, professionally, fairly and objectively in the provision of financial services. The processes I follow demonstrate the priority I give to your interests ahead of my own. This document also forms part of the process of meeting my obligations under the Best Interests Duty. So that I can provide you with appropriate advice it is important that the information your provide is correct and current.  Please continue to update me if and when your needs change, so that I can ensure your advice is still current.

• Advice fees are paid from your super fund.


• You will have to pay other product fees for the underlying investments recommended. Make sure you read the PDS and ask us any questions you may have.

• 100% of the fees charged are paid directly to Professional Reresentatives Pty Ltd which then passess on 20% to .

Are we restricted to an approved product list?

Yes. Real Wealth advisers can only recommend products on the approved product list. This means that we have only looked at products on that list when we prepared your advice, and did not look at other products available on the market.

Are we associated with any recommended products?

No. We are not associated with any product recommended. Real Wealth may receive sponsorship to assist with the provision of ongoing education to our advisers, but this is in no way related to the distribution of any particular product.

Can you change your mind?

Yes. Even after you have paid for the products we have recommended, you might be able to get your money back if you are not happy (this is known as your "cooling off" rights). Generally, for insurance products and superannuation funds, you can do this within 14 days of buying the product. The PDS for each product has more information about this.

Does our advice have a time limit?

Yes. Our advice expires in 7 days from the date of this SoA. You should not rely on our advice after that time.

Is your personal information protected?

Yes. Information about you will not be given to anyone without your written permission, unless the law says we must.