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This Website Disclosure Information was prepared on 08 October 2024. This Website Disclosure Information should be read with the Adviser Profile document dated 08 October 2024.
This Website Disclosure Information helps you understand and decide if you wish to use the financial services, we are able to offer you.
The Licensee and its employees (including any employees of a related body corporate) are collectively referred to as “us, we, our” throughout this Website Disclosure Information.
This Website Disclosure Information sets out the services we provide. It tells you:
Lack of Independence
Insight Investment Partners is not able to describe itself as being independent, impartial or unbiased because we:
Should we provide you with personal financial product advice, and you are a retail client, you will receive a Statement of Advice (SOA). The SOA is a record of our recommendations; the basis on which it is given, and information about commissions, fees, charges and any associations that may have influenced the provision of such advice.
Where further advice is provided, we may not provide an SOA where the relevant circumstances and basis for advice have not significantly changed from the original SOA. However, we will provide upon request what is known as a Record of Advice (ROA). You can request this at any time from your adviser or by emailing or writing to us.
Occasionally we provide general advice. This is where we may express an opinion or recommendation influencing you in making a decision in relation to a financial product, but where we HAVE NOT considered your personal objectives, financial situation or needs. If we provide you with general advice, we will provide you with a warning that the advice may not be appropriate to your needs, financial situation or objectives. Additionally, we will provide you with an applicable Product Disclosure Statement (’PDS’) (if one is available) which you should read before making a decision that the product is right for you.
In the event we make a recommendation to you to acquire a particular financial product (other than listed securities) or offer to issue or arrange the issue of a financial product, we will also provide a Product Disclosure Statement (PDS). The PDS contains information about the risks, benefits, features and fees payable in respect of the product.
The Licensee has arrangements in place to maintain professional indemnity insurance. This insurance satisfies the requirements under section 912B of the Act.
Who will be providing financial services to you?
The Licensee
The Licensee is the authorising licensee for the financial services provided to you, and is responsible for those services.
The Licensee authorises, and is also responsible for, the content and distribution of this Website Disclosure Information.
The Licensee’s contact details are as follows:
Licensee name: Insight Investment Partners
AFSL number: 368175
Address: Level 10, 60 York Street, SYDNEY NSW 2000
Website: www.iipdealergroup.com.au
Phone: 02 9181 3431
Email: info@iip.net.au
The Corporate Authorised Representative
The Corporate Authorised Representative is the providing entity and is authorised by the licensee to provide financial services to you.
Corporate Authorised Representative details:
Name: Sandringham Wealth Pty Ltd
CAR No. 1273671
Address: Level 1, Suite 5, 3 Hopetoun Street, Charlestown NSW 2290
Website: www.sandringhamwealth.com.au
Phone: 0422 691 769
The individual authorised representatives are:
Name: Jonathon Mannion
ASIC AR number: 1004643
Phone: 0422 691 769
Email: jm@sandringhamwealth.com.au
You can provide instructions to us by contacting us using the contact details above.
The Licensee and the Authorised Representatives listed in this Website Disclosure Information act on your behalf when we provide financial services to you.
We are authorised to provide financial product advice and deal (apply for, acquire, vary or dispose) in relation to:
We are authorised to provide these services and products to both retail and wholesale clients.
There is an important difference between ‘general advice’ and ‘personal advice’. If we provide you with ‘general advice’ it means that we have not considered any of your individual objectives, financial situation and needs.
If we provide you with ‘personal advice’ we will consider your individual objectives, financial situation and needs when making our recommendation to you.
In providing our services, other financial matters may arise, however, we are not authorised to assist with any financial and product services except those explained above. You should seek specific advice from the appropriate professionals on other matters relevant to you.
We will discuss and agree our fee structure with you before we provide you with services. Generally, the types of fees you can be charged are listed below. You may be charged a combination, or part of, any of these fees.
Fees for Advice:
We may charge fees for the preparation, presentation and/or implementation of our advice. These fees will be based on your individual circumstances, the complexity involved in your situation and the time it takes to prepare personal financial advice for you. We will discuss these fees with you and gain your agreement to the fees before we provide you with advice.
A flat dollar amount known as an advice fee may be charged from $550 -$22,000 (inclusive of GST).
Service Agreements:
We may charge a fee to provide advice services and/or portfolio reviews. These agreements may be either on either a fixed term or ongoing basis.
This fee will be agreed with you and is either a set amount, or an amount based on the amount of funds under our advice, and/or the time involved in reviewing your portfolio and circumstances.
Payment methods
Our fees are either invoiced to you directly, or deducted from your investments, or a combination of these methods.
Where it is debited from your investments it is normally referred to as the Adviser Service Fee.
In most instances you will be able to select the method of payment that suits you best. We will discuss and agree the method of payment with you before we provide you with financial services.
Life Insurance Products
Initial and ongoing commissions from insurance providers may be received by Insight Investment Partners. These commissions are paid to Insight Investment Partners by the company that issues the product that we recommend to you and they are included in what you pay for the product. The commissions vary and are based on the policy cost, which is the sum of the premiums you pay and may include other fees related to the product.
The initial commission is paid in the first year by the product issuer to Insight Investment Partners. Ongoing commissions are payments paid by product issuers to Insight Investment Partners in the years after the first year.
If you initiate an increase to your cover, we may receive an initial commission and ongoing commissions on the increase to your policy cost. The ongoing commission on a client-initiated increase is only paid in respect of the period that starts from the first anniversary of the increase.
The maximum commission that Insight Investment Partners may receive is set out in the table below:
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*We may receive the pre-1 January 2018 commission rates above from the product issuer, higher commission rates than those outlined in the above table if:
Brokerage
We may receive up to 100% of any brokerage fees charged for the execution of share trades. We may charge between 0% to 1.10% inclusive of GST (subject to a minimum of $110 inclusive of GST), on any share transaction. For example: an investment of $100,000 in direct shares, using a brokerage rate of 1.10% would equate to $1,100 (inclusive of GST) received by Insight Investment Partners.
How are we remunerated?
Insight Investment Partners directors and employees are remunerated by salary, and may also be awarded an annual bonus. Bonuses will depend on several factors including:
You may request more details about the way these people or entities are remunerated within a reasonable time after receiving this document and before any financial services are given to you.
Do any relationships or associations exist that might influence my adviser in providing financial services to me?
Your adviser may receive non-cash benefits with a cash value of less than $300. These may include, but not limited to, gifts, business lunches, sporting tickets or industry events (professional development or conference attendance).
Should an adviser receive any non-cash benefit, the benefit is recorded in our benefits register, which can be made available upon your request.
We are committed to meeting if not exceeding our clients’ expectations whenever possible. Insight Investment Partners endeavours to provide you with quality financial advice. If you have a complaint or concern about the service provided to you, we encourage you to take the following steps:
Compensation Arrangements
Insight Investment Partners holds a professional indemnity insurance policy, which satisfies the legislative requirements. Subject to the terms and conditions, the policy provides cover for claims concerning professional services provided by Insight Investment Partners.
The policy provides coverage regarding claims made against us as a result of conduct of our representatives/employees and those who no longer work for us (but who did at the time of the relevant conduct).
This document is the Adviser Profile of the Website Disclosure Information dated 6 October 2024 and should be read together with the Website Disclosure Information.
Corporate Authorised Representative details:
Name: Sandringham Wealth Pty Ltd
CAR No. 1273671
Address: Level 1, Suite 5, 3 Hopetoun Street, Charlestown NSW 2290
Website: www.sandringhamwealth.com.au
Phone: 0422 691 769
The individual authorised representatives are:
Name: Jonathon Mannion
ASIC AR number: 1004643
Phone: 0422 691 769
Email: jm@sandringhamwealth.com.au
Your Financial Adviser is Jonathon Mannion. Jonathon Mannion’s ASIC Authorised Representative number is 1004643.
You can provide instructions by emailing jm@sandringhamwealth.com.au
Lack of Independence
Insight Investment Partners is not able to describe itself as being independent, impartial or unbiased because we:
What experience does your financial adviser have?
Jonathon has been a Financial Adviser since 2008. Through his qualifications and personal experience, he has developed a wide range of experience and knowledge in the financial services industry and is able to help clients with multiple areas of their financial situation.
What qualifications and professional memberships does your financial adviser have?
Jonathon Mannion holds the following qualifications:
What areas is your Financial Adviser authorised to provide advice on?
Jonathon Mannion is authorised to provide financial services, including advice or services in the following areas:
Strategies
Products
How will your financial adviser be paid for the services provided?
We will charge for our advice which will include a Statement of Advice. This is generally in the range of a once off payment of $550 – $22,000 incl GST or an hourly rate of $350 for a Statement of Advice which is dependent on the complexity, number of strategies and recommendations.
We may also charge you for the implementation of the recommendations and for the ongoing servicing of your advice. The ongoing service fee can be paid directly by you, or you can authorise us to deduct it from your selected product(s).
The amount depends upon the type of product and is specific to your circumstances.
These fees will be outlined in our Terms of Engagement and disclosed to you within the Statement of Advice and the advice will not proceed without your agreement.
Level 1, Suite 5, 3 Hopetoun Street, Charlestown, NSW, 2290
Insight Investment Partners AFSL 368175 Authorised Representative: 1004643 Corporate Authorised Representative 1273671
Sandringham Wealth Pty Limited ABN 79 630 545 489
This website contains general advice only. Please contact me to determine whether the information is appropriate for your particular needs, financial situation or objectives prior to making a decision.