Nature and Scope confirmation

Letter of engagement 

I hereby appoint Cole Murray Group Ltd as my Financial Advisers, to act on my behalf in collating information relating to my KiwiSaver/investment/financial plan for the purpose of providing advice to me. 

I understand the services being provided are restricted to the scope of service indicated in the Nature and Scope of Service document I received by email.

Commissions

For services in relation to Kiwisaver, an initial commission of up to $250 may be paid to Cole Murray by the product provider.

Fees

I acknowledge that I will be presented with a standard written Statement of Advice in respect to the Investment advice sought and that Cole Murray charge a set fee for this service. The cost is outlined below.

KiwiSaver Advice  Set-up free of charge. Ongoing advice fee of up to 0.5% p.a. (depending on the provider, this can be covered partially or in full by the existing fund costs).

Investment Plan  $1199 (inc. GST) plus an ongoing advice fee of up to 1.00% per annum for Investments. Any applicable ongoing advice fees will be covered in the plan.

Foreign Exchange For the exchange of all foreign currencies to the New Zealand dollar, there is a facilitation fee of 0.50% of the amount being transferred (in NZD). An Investment Plan is required to access and facilitate this service.

Full Financial Plan A one-off fee of $1599 (GST inclusive) for the plan. Outside an annual review, reviews of the plan are available for $250 including GST.

Should the advice be more complex you will be charged at the rate of $250 per hour (GST inclusive). You will be notified of this in writing and must acknowledge your consent before any work is carried out. The fees to be paid will be invoiced upon completion of the work and will be payable within 7 days of the invoice date.