Disclosure Statement
Mark Armstrong
Name: Mark Armstrong
FSP Number: FSP1005516
Phone: 021 962 649
Email: mark@nextwavefs.co.nz
Address: 6 Camberley Way, Huntington, Hamilton 3210
I am a financial adviser and provide advice on behalf of NextWave Financial Services Ltd T/A NextWave
Financial Services (FSP1010945), who are licensed as a Financial Advice Provider by the Financial Markets Authority.
Both NextWave Financial Services and I are registered on the financial service providers registry, which can
be viewed at fsp-register.companiesoffice.govt.nz
I Work For You
As a Financial Adviser, it is my duty to abide by the Code of Conduct for Financial Service Providers.
I am paid by the providers for the services I provide; however, it is you that I work for. To ensure that I put your interests ahead of my own, I follow a 6-step advice process when providing personalised financial advice, which is based on your individual goals and needs.
I provide all of my recommendations in writing so that you have the opportunity to ask any questions you might have before implementing any of my advice.
NextWave Financial Services and anyone who gives financial advice on our behalf has duties under the Financial Markets Conduct Act 2013 relating to the way that we give advice.
My Services
Personal Risk: (Life, Income, Disability & Health Insurances):
I provide personalised advice that takes into account your individual circumstances to determine the personal risk products that best meet your personal goals and needs.
My recommendation is limited to the products offered by the following companies:
- AIA
- Partners Life
- Chubb
- Asteron
- Fidelity
- NIB
To ensure that advice remains accessible, NextWave Financial Services does not charge an upfront fee for providing personal risk insurance advice or for implementing advice if you decide to proceed. In place of an upfront fee, NextWave Financial Services is paid a commission for any new insurance taken up, of between 0% and 240% of the first year’s premium, depending on which insurance company you take out cover with.
From year two, NextWave Financial Services may then receive an annual commission of between 0% and 25% of the premium for the time NextWave Financial Services remains the servicing adviser on the policy. I will confirm the amount of commission NextWave Financial Services will receive when I provide my recommendation to you.
KiwiSaver:
While I do not provide KiwiSaver services as part of my offering, I am able to refer you to another adviser within NextWave Financial Services, Nick Blincoe. Nick can discuss what level of financial risk you are comfortable with and recommend a fund type that best matches your attitude toward risk and the length of time until you plan on accessing your funds (from conservative through to aggressive).
Depending on which provider you choose to go with, NextWave Financial Services can be paid a commission based on funds under management. He will confirm how much NextWave Financial Services will receive when he provides his recommendation.
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).
How To Raise a Concern or Complaint About My Advice
Please refer to our website at www.nextwavefs.co.nz for information in respect to making a complaint and our internal complaints process. Contact details of our external dispute resolution scheme are also available on our website.
What happens next
- We will acknowledge your complaint within 3 working days
- We may request further information.
- We aim to resolve or update all complaints within 28 working days. If more time is needed, we will notify you.
- We will contact you to explain the outcome and how we propose to resolve the matter.