| Fritz Jelle de Boer |
| Company/Trading Name: Aquila Financial Advisers Limited Address: Level 9, Willbank Court, 57 Willis Street, Wellington PO Box 5398 Wellington Telephone: (04) 499 3592 Mobile: 021- 494 830 E-mail: fritz@nzij.co.nz |
This document complies with the disclosure requirements under the Securities Markets Act 1988 and sets out the disclosure required to be made in relation to your financial adviser.
The following are details, which are deemed to be relevant about Fritz J de Boer’srole as a financial adviser and about Aquila Financial Advisers Ltd
Details of the firm
Aquila Financial Advisers Ltd commenced in July 2005, as NZIJ Financial Servicces Ltd and changed its name to Aquila Financial Advisers on 24 June 2008. It is a wholly owned subsidiary of NZIJ Stockbrokers Ltd.
Experience and qualifications
Fritz has over 38 years experience in the financial services industry, with the past 18 years specifically focused in the financial and investment planning area. Fritz holds the designation of Certified Financial Planner (CFP) and is a member of the Institute of Financial Advisers (IFA). As a member of the Institute of Financial Advisers (IFA) Fritz complies with the IFA Code of Ethics in all facets of his practice. The following are details, which are deemed to be relevant about Fritz de Boer’s role as an Investment Adviser.
Fritz de Boer has been providing investment advice in various forms since 1989. He became a full time investment adviser in 1990 and set up his own company in 2000.
Fritz de Boer earned Certified Financial Planner status in 1992 and has kept his financial planning qualifications up to date by:
Professional memberships
Fritz de Boer is a member of the Institute of Financial Advisers (the Institute) and complies with the Institute of Financial Advisers Code of Ethics and Practice Standards in all facets of his practice. Fritz de Boer holds an annual certificate to practice issued by the Institute.
In compliance with the Institute of Financial Advisers Code of Ethics and it's By-Laws, I carry professional indemnity and public liability insurance covering my activities as a financial planner and investment adviser. As with all insurance, this cover has limitations and is subject to certain exclusions and terms and conditions.
Any potential complaints are best directed to Fritz de Boer at Aquila Financial Advisers Limited in the first instance. If a satisfactory resolution cannot be found, the Institute has a complaints resolution procedure for your protection. They can be contacted on (04) 499-8062 at any time during normal business hours (8.30 am to 5.00 pm) or, PO Box 5513, Level 9, Willbank House, 57 Willis St, Wellington.
Products on which advice is given
Aquila Financial Advisers Limited gives advice in relation to the following types of products:
Savings and Investment Products
Risk products
Other investment products will have the normal supplier intermediary relationship that does not entail a detailed agency agreement to be signed. Appendix A to this document lists those companies.
The following system and procedure is used for receiving client funds:
The records Aquila Financial Advisers Ltd keeps that relate to the investment of money are:
Remuneration received by Aquila Financial Advisers Limited.
The professional fees charged by Aquila Financial Advisers Limited will vary according to the nature of the services provided, as outlined below.
The proposed basis of our charges and details of specific charges will be provided to you at the time of entering into an agreement and after we are more fully aware of the nature and scope of the engagement.
Type of fee | Maximum fee payable |
| Entry fee | Nil |
| Implementation Fee | $500 plus GST |
| Adviser annual monitoring fee | 1.00%pa plus GST Payable Monthly |
| Custodian Fee | 0.35%pa plus GST Payable monthly |
| Termination Fee | 1.00% |
All fees will be deducted from the client’s Cash Transaction Account monthly.
In many instances, commissions and trails paid by the product provider for the funds invested by the client will be credited to the client’s Cash Transaction Account. This will be determined once NZIJ Financial Services Limited is more aware of the nature and scope of the engagement.
These fees provide the following benefits:
Aquila Financial Advisers Limited is eligible to receive commissions, bonuses, rebates and non monetary payments from product providers in relation to the sale of products and the use of Wrap services. Details on these payments are provided in Appendix A and B. Please note that Aquila Financial Advisers Limited will often provide discounts on the commission it receives, particularly if the sum being invested is substantial. The discount reflects the sum of money being invested and the fact that this sum obviously brings economies of scale in NZIJ Financial Services Limited’s time, effort and procedures.
Contact Details
My business address, telephone and fax numbers are as set out above.
No Criminal Convictions
In accordance with the Securities Markets Act 1988, I hereby certify that in the preceding five years neither I nor any principal officer of NZIJ Financial Services Limited, have been:
1.
2. I also certify that Aquila Financial Advisers Limited has not been placed in statutory management or receivership in the preceding five years.
The Securities Markets Act 1988 requires advisers to disclose any direct or indirect pecuniary or other interest that they may have in the giving of investment advice. In the case of Fritz de Boer these are contained in Appendix C.
We declare that this document when completed and signed complies with all the requirements of the Securities Markets Act 1988 and incorporates the minimum standards of disclosure, in terms of the Code of Ethics and Practice Standards required by the Institute.
Yours sincerely
Aquila Financial Advisers Ltd
___________________
Fritz J de Boer
Financial Adviser
Appendices: A. Investment product maximum commissions
B. Risk product commissions
C. Interests register
Client acknowledgment
I, ………………………………………………. acknowledge receipt of the Disclosure statement for Fritz J de Boer.
Signed: ………………………………………………. Date: ………………….
APPENDIX A to the disclosure statement for Fritz J de Boer
Investment Product Commissions
Aquila Financial Advisers Ltd
The information provided in this Appendix is current as at 26 August, 2008.
Fritz de Boer via Aquila Financial Advisers Ltd is eligible to receive commissions on the following products according to the schedule below. Please note that these are the maximum commissions payable and in many cases these may be discounted, especially if a client is investing substantial sums. Specific commission rates will be disclosed in writing to the client in relation to specific investments prior to investments being placed.
From time to time, Fritz de Boer or Aquila Financial Advisers Ltd may receive certain non-monetary benefits from product providers. This could include gratuities such as a bottle of wine at Christmas time, a free calendar, pen or book, the occasional luncheon, drinks after a briefing session, invitations to sporting events, etc.
APPENDIX B to the disclosure statement for Fritz J de Boer
Risk Product Commissions
Aquila Financial Advisers Ltd
The information provided in this Appendix is current as at 26 August, 2008
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In addition to the above, Aquila Financial Advisers Ltd may be eligible for bonus payments from ING Life Ltd.
APPENDIX C to the disclosure statement for Fritz J de Boer
Interests Register
Fritz J de Boer
This information is correct as at 1 July, 2008. In accordance with the Securities Markets Act 1988, I disclose the following direct and indirect interests, which could possibly have some relevance in providing investment advice to you.
Argyle Wealth Management Ltd provides Financial and Investment Planning services to clients of Aquila Financial Advisers Ltd through a joint venture agreement.
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