Disclosure Statement
Nicholas (Nick) Blincoe
Name: Nicholas (Nick) Blincoe
FSP Number: FSP1005516
Phone: 027 335 4689
Email: nick@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:
I am able to provide a generalised advice service for KiwiSaver. This involves discussing what level of financial risk you are comfortable with and recommending 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).
Once you confirm what type of fund you wish to proceed with, I will show you the relevant funds available to you through the providers I work with:
- Generate
- Milford
Depending on which provider you choose to go with, NextWave Financial Services can be paid either an upfront fee of between $0 to $250 and/or a commission of between 0% and 0.25% of funds under management. I will confirm how much NextWave Financial Services will receive when I provide my 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.