Disclosure Statement

Licensing Information    

Kauri Wealth Limited (Kauri Wealth) holds a Class 1 license issued by the Financial Markets Authority (the Government agency that monitors financial advisers) to provide financial advice. You are able to find us on the Financial Services Register here: https://fsp-register.companiesoffice.govt.nz   

Our registration number is: FSP1003854

Nature and Scope of Our Advice  

Kauri Wealth provides advice to our clients regarding KiwiSaver.   

Our financial advisers provide advice in relation to KiwiSaver.

For KiwiSaver advice our main providers include, but are not limited to:  

·     Pathfinder KiwiSaver Scheme

·     Fisher Funds KiwiSaver 

·     Generate KiwiSaver Scheme

·     Milford KiwiSaver Scheme

·     Goal Setter Nikko AM

·     Booster KiwiSaver Scheme

If a provider other than the above has a particular product that you are interested in then please let us know as we will be happy to provide advice on that basis.

If you require specialist advice on taxation or estate advice, we will make recommendations of how important these areas are in relation to our advice and the relevant specialist you need to see along with any professional referrals required.   

Fees or Expenses   

For KiwiSaver advice we do not currently charge a fee as we are remunerated by the KiwiSaver providers.

Conflicts of Interest and Incentives  

Kauri Wealth does not have any preferential terms (other than those readily offered to other market participants) or production performance agreements with any particular product provider.     

Kauri Wealth does not have any commercial relationships or contractual arrangements that present any particular conflict of interest to consumers generally which would be reasonably likely to materially influence it or its advisers in providing the financial adviser service relating to those products.   

Kauri Wealth is not required to place any level of business with any supplier or financial organisation. Kauri Wealth does not have any other financial or other relationship with any other person that would be reasonably likely to influence them or its advisers in giving advice, except as described above.   

To ensure that our financial advisers prioritise our clients’ interests above their own, we follow an advice process that ensures our recommendations are made on the basis of each clients goals and circumstances.     

1.   Establishing the client-adviser relationship.  

2.   Gathering client data and determining their goals and expectations.  

3.   Analysing and evaluating the client’s financial position.  

4.   Developing and presenting our written advice.  

5.   Overseeing the implementation of the plan. 

6.   Monitoring and reviewing the plan. 

This can require a series of meetings with a prospective client before our advice is finalised. It also means we maintain a close on-going relationship with clients, regularly reviewing progress and working with them over time to ensure their goals can be met.   

All of our financial advisers undergo annual training about how to manage conflicts of interest. We maintain a register of conflicts of interests, and the gifts and incentives we receive.

Kauri Wealth and our financial advisers receive trail fees from some providers on whose products we give financial advice as disclosed above.

If you decide to take our advice, some providers will pay a management fee to Kauri Wealth, the amount will depend on the size of your portfolio balance. Your financial adviser may receive part of this as a bonus depending on their overall performance, not on a specific per client or per investment basis.    

From time to time, Kauri Wealth may be rewarded by our providers for the overall business that we provide to them. They may give us items like hampers, entertainment, or other incentives.   

Complaints Handling and Disputes Resolution  

If you are not satisfied with our financial advice service in any way, you can make a complaint by emailing john@kauriwealth.nz or calling us on 02102529994. 

When we receive a complaint, we will consider it following our internal complaints process:

  • We will consider your complaint and let you know how we intend to resolve it. We may need to contact you to get further information about your complaint.

  • We aim to resolve complaints within 10 working days of receiving them. If we can't we will contact you within that time to let you know we need more time to consider your complaint and will aim to provide you with a realistic timeframe.

  • We will contact you by phone or email to let you know whether we can resolve your complaint, and how we propose to do so.

If we can’t resolve your complaint, or you aren’t satisfied with the way we propose to do so, you can contact our external dispute resolutions scheme Financial Dispute Resolution Scheme (FDRS). This service will cost you nothing and will help us resolve any disagreements.

You can contact the FDRS Scheme at:  

Address: Level 4, 142 Lambton Quay, Wellington Central, 6011

Telephone number: 0508 337 337

Email address: enquiries@fdrs.org.nz

Website: https://www.fdrs.org.nz

Reliability History    

Neither Kauri Wealth nor any of its employees have been subject to any material public discipline, relevant convictions or civil proceedings, and in the case of financial advisers, any bankruptcies or insolvencies.   

Duties Information  

Kauri Wealth, and anyone who gives advice on our behalf, have duties under the Financial Markets Conduct Act 2013 relating to the way we give advice.   

Below is a summary of our required duties (more information is available by either contacting us or heading to https://www.fma.govt.nz):  

  • 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 which are designed to make sure we have the expertise needed to provide you with the relevant advice 

  • Meet standards of ethical behaviour, conduct and client care set by the code described above which are designed to make sure that we treat you as we should and give you suitable advice.  

Handling of Client Funds  

Kauri Wealth does not act as an intermediary and does not receive the client’s funds into its own account nor does it operate a trust account. Client funds are directly transferred from the client to the respective investment custodian.   

Professional Indemnity Insurance  

Kauri Wealth and its advisers are covered under a Professional Indemnity (PI) Insurance policy.

This insurance is underwritten by AON. As with all insurance policies, there are terms, conditions and exclusions that may apply.     

Contact Details   

Financial Advice Provider: Kauri Wealth Limited – FSP1003854   

Postal Address: 7 Montrose Street, Point Chevalier, Auckland, 1022

Phone: 021 0252 9994   

Email: john@kauriwealth.nz

How Compliance is Monitored

Director, John Bell, is the nominated Privacy Officer and is responsible for understanding the companies responsibilities under the Privacy Act 2020. 

He will review all advice files for accuracy and compliance with any and all obligations under this policy.     

Policy Review

This policy is reviewed on an annual basis and was last reviewed 21/09/2024