To access for AMP Investments, AMP New Zealand Retirement Trust, KiwiSaver, Consilium, Wealthview, Michael Dowling, Jude Drummond, Mark Fairfield and Wayne Head are directly engaged by Wealthpoint Limited (WPL). WPL holds Transitional Financial Adviser Provider License. The link will take you to their website to show the range of providers and products they source for us.
We only provide financial advice about products from certain providers – Investments through Nikko Asset Management, AMP Wealthview platform, Consilium platform, these will be detailed in a written report as they can contain a mix of up to 30 funds from a range of 200.
The nature of this relationship is that Stratus Financial Services (SFSL) owns a share in (WPL), as part of a co-operative. We do not have position on the board but sometimes contribute to working groups that develop services and policy. WPL on-pays commission and fees received to SFSL, whilst retaining a portion of 2.5% to 8% of any income received for SFSL. WPL may pay SFSL rebates from the income cut, on a periodic basis.
WPL contracts providers, who then pay WPL to on-pay SFSL where the relationship with the client is identified to be through SFSL. The amount each provider pays WPL will depend on the specific financial provider and type of product. The link above to WPL will disclosure the current amounts.
The range of Commissions will vary between the product type, provider and terms agreed to, the range from 0.02% to 5% of the annual premium in the first and following years of a contract. These fees are agreed by contract between the individual clients and Stratus, they may be on an hourly or fixed amount basis. The fees are treated as a one off unless otherwise agreed. The range of fees is between $295 per hour or $350 to $2,000 fixed fee, any fee greater than these will be agreed individually.
WPL and SFSL may receive payments from product providers and financial platforms providers for the amount for business we place with them.
WPL may receive funding from suppliers to market and contribute at periodic conferences.