Financial Services Guide

Version: 1 December 2021

Licensee

McAllister Wealth Group Pty Ltd (AFSL 535240 ACN 654 040 605)

This Financial Services Guide (FSG) is authorised for distribution by McAllister Wealth Group Pty Ltd.

Authorised Representatives

McAllister Private Wealth Pty Ltd ATF McAllister Family Trust

(ASIC# 400535 ABN 76 161 739 675)

Cameron McAllister (AR 400534)

Rafael Young (Zhaohui Yang) (AR 1269485)

Sean Hurren (AR 1269487)

James Grindrod (AR 427928)

Authorised Representatives act on behalf of McAllister Wealth Group Pty Ltd who is responsible for the services that they provide.

Contact details

McAllister Private Wealth

Level 12, 390 St Kilda Rd, Melbourne VIC 3004

Phone: (03) 9975-7201

www.mcallisterprivatewealth.com.au 

Purpose of this FSG

This FSG will help you decide whether to use the services that we* offer. It contains information about:

• The services we offer and their cost
• Any conflicts of interest which may impact the services
• How we are remunerated
• How we deal with complaints if you are not satisfied with our services

* In this document ‘we’ refers to the Authorised Representatives listed above.

Our services

We are authorised to provide personal advice and dealing services in the following areas:

• Superannuation including SMSF
• Retirement planning
• Personal risk insurance
• Portfolio management
• Managed investments
• Securities (direct shares)
• Margin lending facilities

Except that James Grindrod is not authorised to provide advice on margin lending facilities.

The financial advice process

We recognise that the objectives and personal circumstances of each client are different. Where we provide personal advice, we will listen to you to understand your objectives and circumstances. We will also ask questions to make sure we provide advice which is in your best interests.

When we first provide personal advice to you it will be explained thoroughly and documented in a Statement of Advice (SoA) which you can take away and read. The SoA will explain the basis for our advice, the main risks associated with the advice, the cost to you of implementing the advice, the benefits we receive and any conflicts of interest which may influence the advice.

We will provide you with a Product Disclosure Statement (PDS) where we recommend a financial product other than securities.  This contains information to help you understand the product being recommended. At all times you are able to contact us and ask questions about our advice and the products we recommend.

You can provide instructions to us in writing, via phone or via email. In some cases, we may require you to provide signed instructions. We may provide further advice to you to keep your plan up to date for changes in your circumstances, changes in the law and changes in the economy and products. If we provide further advice, it will be documented in a Record of Advice (RoA) which we retain on file. You can request a copy of the RoA document at any time up to 7 years after the advice is provided.

Fees

All fees are payable to McAllister Private Wealth.

Initial Advice Fees

Our initial advice fees include meeting with you, the time we take to determine our advice and the production of the SoA. It is based on the scope and complexity of advice provided to you. We will agree the fee with you before providing you with advice. If you decide to proceed with our advice, we may charge an implementation fee for the time we spend assisting you with implementation. We will let you know what the fee will be in the SoA.

Annual Advice Fees

Our annual fees depend on the services that we provide to you. We will typically charge a fee which is a percentage of your portfolio value and may also charge an agreed fixed fee which is paid monthly. Our services and fees will be set out in an agreement with you.

Insurance commissions

We receive a one-off upfront commission when you take out an insurance policy that we have recommended. We also receive a monthly commission payment for as long as you continue to hold the policy. The commission will vary depending on the recommended product and will be documented in the SoA or RoA.

Stamping fees

We are paid a stamping fee by the product issuer for our advice on investments being listed on the ASX. This includes initial public offerings and new listings of hybrid securities and managed funds.

Other benefits

We may receive other benefits from product providers such as training, meals and entertainment. Details of any benefits received above $100 will be maintained on a register which is available to you on request.

Adviser remuneration

Cameron is the owner of the practice and is remunerated through the profits that the practice makes.

The employees of the practice are paid a salary. They may also receive a bonus based on their performance and the overall revenue of the practice.

Making a complaint

We endeavour to provide you with the best advice and service at all times. If you are not satisfied with our services, then we encourage you to contact us. Please call us or send us an email or put your complaint in writing to our office.

If you are not satisfied with our response, you can refer it to the Australian Financial Complaints Authority. You can contact AFCA on 1800 931 678 or via their website www.afca.org.au. AFCA provides fair and independent financial services complaint resolution which is free to consumers.

McAllister Wealth Group Pty Ltd is required to hold adequate Professional Indemnity insurance for the financial services that it and its current and past representatives provide.

Your privacy

We are committed to protecting your privacy. We have a Privacy Policy which sets out how we collect, hold, use and disclose your personal information. It also sets out how you can access the information we hold about you, how to have it corrected and how to complain where you are not satisfied with how we have handled your personal information. Our Privacy Policy is available on request and on our website.