Version 7 – 1 July 2024
We can confirm that we are an Independent Financial Advice provider and have no conflicts or
other relationships that may impact our Independence in providing financial advice services to you.
This FSG will help you decide whether to use the services that we offer. It contains information about:
We are authorised to provide general advice, personal advice and
dealing services in the following areas:
When you become a client of Allied Wealth, we act on your behalf.
The objectives and personal circumstances of each client are different. Where we provide personal advice, we will seek to understand your objectives and circumstances for our advice to be in your best interests.
Our initial advice on suitable financial strategies will be provided in the form of a written Statement of Advice (“SoA”) which you can take away and read. The SoA will explain the basis of our advice, the main risks associated with the advice and the cost to you of implementing the advice
This part of the FSG – about MDA Services – is prepared pursuant to ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968.
The above outsourcers provide a custodial service and are regulated
by ASIC
Fees and other costs
The following table shows fees and other costs that you may be charged. These fees and costs may be deducted from your money, from the returns on your investment or from the assets held within the MDA service agreement. You should read all the information about fees and costs because it is important to understand their impact on your investment.
In relation to your portfolio we manage for you we advise the following fees and costs will be incurred in the normal course of business
| Type of fee or cost | Amount | How and when paid |
| Fees when your money moves in or out of the portfolio | $0 | Not applicable |
| Establishment fee The fee to open your portfolio | $0 | Not applicable |
| Contribution fee The fee amount contributed to your portfolio | $0 | Not applicable |
| Withdrawal fee The fee amount you take out of your portfolio | $0 | Not applicable |
| Exit fee The fee to close your portfolio | $0 | Not applicable |
| Management costs | ||
| The fees and costs for managing your portfolio by Allied Wealth | $0 | Not applicable |
| Additional fees and costs for managing the investments in the MDA portion of your portfolio (if applicable) | Assets Under Management rate 0% | Not applicable |
| Admin fees to Platforms for MDA portion on a sliding scale (if applicable) | $0 - $250,000 0.36% - 0.32% Plus $250,001-$500,000 0.20% - 0.22% Plus $500,001-$1,000,000 0.10% - 0.12% Plus $1,000,001-$2,500,000 0.04% - 0.05% Plus $2,500,001 and over 0.00% | The fees are deducted from your platform account. |
In relation to your portfolio we manage for you we advise the following fees and costs will be incurred in the normal course of business
| Type of fee or cost | Amount | How and when paid |
| Account keeping fee to Platforms | $180-$360 per account per annum | |
| Service fees | ||
| Switching fee The fee for changing portfolio options | $0 | Not applicable |
| Extra services you request maybe be at a time cost | $500 + GST per hour | Paid when service requested |
The advice preparation fee includes meeting with you, the time we take to determine our advice and the production of the SoA. It is based on the scope and complexity of advice provided to you. We will agree the fee with you before providing you with advice. If you decide to proceed with our advice, we may charge an implementation fee for the time we spend assisting you with implementation. We will let you know what the fee will be in the SoA.
Our annual fees depend on the services that we provide to you. We will charge a flat fee for service which is generally paid monthly and agreed with you on an annual basis.
In limited circumstances, we may provide one- off services and charge a fee at an hourly rate. This will be discussed with you prior to engagement.
In some circumstances we may provide services to you as a wholesale client. We will seek your consent before providing services to you as a wholesale client.
We avoid conflicts of interest including the receipt of commissions. Where we receive commissions, we will rebate this to you within a period of not more than 90 days. We do not retain any commissions.
We act only for you as our client and not for any product issuer or financial institution. We have no financial relationship with any product issuer or financial institution.
At all times you are able to contact us and ask questions about our advice and the products we recommend. You can provide instructions to us in writing, via phone or via email. In some cases, we may require you to provide signed instructions.
Where we receive or pass on a referral to another professional we note that there are no referral fees or any other sort of payment made. As noted above we act only for you.
We endeavor to provide you with the best advice and service at all times. If you are not satisfied with our services, then we encourage you to contact us. Please call us or put your complaint in writing to our
office. If you are not satisfied with our response, you can refer it to the Australian Financial Complaints Authority. You can contact AFCA on 1800 931 678 or via their website www.afca.org.au. This service is
provided to you free of charge.
We believe we have put in place compensation arrangements (via maintenance of professional indemnity insurance and adequate financial provision for any policy excess) that are adequate having regard to the
size, nature and complexity of our business. We believe that these arrangements are sufficient for the purpose of meeting our compliance obligations under section 912B of the Corporations Act.
We are committed to protecting your privacy.
We have a Privacy Policy which sets out how we collect, hold, use and disclose your personal information. It also sets out how you can access the information we hold about you, how to have it corrected and how to complain where you are not satisfied with how we have handled your personal information.
Our Privacy Policy is available on request and on our website.