FAQ – Getting our own AFSL

To give financial advice in Australia you need to either have your own Australian Financial Services Licence (AFSL) or pay an organisation to licence you. We had previously been licenced by Financial Wisdom who has now decided to stop offering this service. We have consequently elected to get our own AFSL and share with two other 10+ year financial advisers. We have set up a separate company to hold the licence called Investplan Pty Ltd.

Previously on advice documents it has said Chandler Private Wealth licenced by Financial Wisdom, it will change to Chandler Private Wealth licenced by Investplan.

Will I need to change my investments, super, protection, my financial plan? No – nothing changes as a result of this movement. As always, if your circumstances have changed then it may be time for a review.

Is there anything I need to do? No – we will be in touch in the normal course of business, but please contact us if you need anything.

Will I notice any changes? If you are paying your advice fees via direct debit from your bank account you will see a change in the description from ‘Financial Wisdom’ to ‘Investplan’. On our advice documentation, you will also notice a branding change.

Will you still pay for external research? Yes, as part of our normal business we will still pay for external research on investments, direct equities, insurance and superannuation funds.

Will you still pay for professional indemnity insurance? Yes, all AFSL’s need to maintain PI cover as part of ASIC’s requirements.

Is there anything else I need to know? This is a positive move for us and our clients, and we hope that going forward our advice documentation will be concise and structured in a way that is easier to follow and written in simple, plain language.

As always if you have any concerns please do not hesitate to contact us via phone or email.

Contact

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Contact us to make an appointment with one of our senior financial advisers.

P| 08 7160 1191  F| 08 7160 1192   invest@cpwealth.com.au

Find us at 685 South Road, Black Forest SA 5035



Or by appointment at 191 Argent Street, Broken Hill NSW 2880

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Disclosure: Chandler Private Wealth Pty Ltd ABN 26 605 397 144 is a corporate Authorised Representative of Investplan Pty Ltd ABN 39 635 196 735, AFSL 518743.

General Advice Warning: Information in this web page is based on regulatory requirements and laws, which may be subject to change. While care has been taken in the preparation of this document, no liability is accepted by Investplan, its related entities, agents and employees for any loss arising from reliance on this content.

This web page may contain general advice. It does not take account of your individual objectives, financial situation or needs. You should consider talking to a financial adviser before making a financial decision.

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