FINANCIAL SERVICES GUIDE
PART 1 VERSION 5, 3 MAY 2022
Lack of Independence
Pursuant to s293A of the Corporations Act, we are prohibited from using the terms independent, impartial, or unbiased due to the following reasons (s923A(2)(a)(i)(ii)(iii)):
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we may receive insurance commissions from product providers in relation to our advice on risk insurance, which are not rebated in full;
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we may receive forms of remuneration calculated on a percentage of an investment held with a product issuer; and
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we have associations with nonrelated entities as described in the section ‘Arrangements that may influence our advice’ with respect to advice we may provide on Separately Management Accounts (SMAs).
Licensee
Parker Wealth Management Pty Ltd
(AFSL 519344)
This Financial Services Guide (FSG) is authorised for distribution by Parker Wealth Management.
Corporate Authorised Representative
Parker Financial Services Pty Ltd
(ASIC# 242984 ABN 88 010 783 285)
Parker Financial Services acts on behalf of Parker Wealth Management who is responsible for the services that they provide.
Your Financial Adviser
Your financial adviser is a director or employee of Parker Financial Services. Their details are set out in an Adviser Profile which is Part 2 of this FSG.
Your financial adviser is an Authorised Representative of Parker Wealth Management. They act on behalf of Parker Wealth Management who is responsible for the services that they provide.
Contact Details
Level 10 Canberra House
40 Marcus Clarke Street
CANBERRA ACT 2600
Phone: +61 (0)2 6267 0700
Fax: +61 (0)2 6257 8259
Website: www.parkerfinancial.com.au
Purpose of this FSG
This FSG will help you decide whether to use the services that we* offer. It contains information about:
- The services we offer and their cost
- Any conflicts of interest which may impact the services
- How we are remunerated
- How we deal with complaints if you are not satisfied with our services.
* In this document ‘we’ refers to Parker Financial Services and your financial adviser.
Parker Wealth Management
Parker Wealth Management holds an Australian Financial Services Licence. It is required to comply with the obligations of the Corporations Act and the conditions of its licence.
This includes the need to have adequate compensation arrangements in place with a Professional Indemnity insurer for the financial services that it and its current and past representatives provide.
Our services
We are authorised to provide personal advice and dealing services as specified in the Adviser Profile which is Part 2 of this FSG.
The financial advice process
We recognise that the objectives and personal circumstances of each client are different.
Where we provide personal advice, we will listen to you to understand your objectives and circumstances. We will also ask questions to make sure we provide advice which is in your best interests.
When we first provide personal advice to you it will be explained thoroughly and documented in a Statement of Advice (SOA) which you can take away and read.
The SOA will explain the basis for our advice, the main risks associated with the advice, the cost to you of implementing the advice, the benefits we receive and any conflicts of interest which may influence the advice.
At all times you are able to contact us and ask questions about our advice and the products we recommend.
For administration platforms, managed funds and personal risk insurance products we will provide you with a Product Disclosure Statement (PDS) or link to the PDS. This contains information to help you understand the product being recommended.
You can provide instructions to us in writing, via phone or via email. In some cases, we may require you to provide signed instructions.
We may provide further advice to you to keep your plan up to date for changes in your circumstances, changes in the law and changes in the economy and products.
If we provide further advice it will be documented in a Record of Advice (ROA) which we retain on file. You can request a copy of the ROA document at any time up to 7 years after the advice is provided.
Fees
All fees are payable to Parker Financial Services.
Initial Fees
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.
Fixed Term Advice and Services Agreements
Our annual Advice will be commensurate to the level of service that we provide you and the complexity of the advice provided. We will typically charge a fixed fee which is agreed with you at the commencement of each year. The fees can be deducted monthly from your account or paid by invoice half-yearly or annually in advance. You can elect to enter into a 12 month Fixed Term Advice and Services Agreement in order to receive advice services and reviews of your financial plan. Details of the services will be set out in your 12 month Fixed Term Advice and Services Agreement.
Placement Fees
Parker Financial Services may receive a one-off stamping fee or placement fees where you invest in some listed investments (eg. bank issued hybrids or IPO’s). These fees will be paid by the issuer of the investment and will typically be a set percentage of the investment amount. In most cases we will rebate these payments to you or apply a credit against your agreed advice fee.
Execution Fees
If we arrange implementation of any financial products, on which we have not provided advice, we may charge a fee for carrying out your instructions. This will be a flat fee and the fee will be agreed with you prior to implementing your instructions.
Commissions
We may receive insurance commissions and other benefits from some product providers. Commissions or benefits vary depending on the recommended product but will be clearly documented in the SOA or ROA.
Insurance Commissions
Parker Financial Services may receive a one-off upfront commission when you take out an insurance policy we recommend. We may also receive an ongoing commission payment for as long as you continue to hold the policy.
Other Benefits
We may receive other benefits from product providers such as training, meals and entertainment. Details of any benefits received above $100 will be maintained on a register which is available to you on request.
Adviser Remuneration
The directors and owners of the practice are remunerated through the profits that the practice makes.
Employees of the practice are paid a salary. They may also receive a performance bonus which is based on a number of criteria including the profits that the practice makes.
Conflicts of Interest
Your financial adviser may recommend investments in shares that they hold or may hold in the future. You will be advised where a conflict of interest may exist and how the conflict will be managed.
Arrangements that may influence our advice
Separately Managed Accounts (SMAs)
Parker Financial Services provides advice on The Parker Financial Investment Series SMAs, operated by the portfolio manager Evidentia Group Pty Ltd (ABN 39 626 048 520 AFSL 511802) (Evidentia). An SMA is a managed portfolio option designed for investors who require professional investment management, with the flexibility and transparency of direct asset ownership.
Evidentia is a boutique asset consultant that works with select private wealth practices to design, build, implement and manage tailored investment portfolios. Evidentia has an investment team with experience across all major asset classes and have been selected as an external portfolio manager to design and manage the composition of the Parker Financial SMA portfolios. They work with the Parker Financial Services investment committee to provide oversight and governance on portfolio management recommendations, including but not limited to recommendations on asset allocation, investment selection and portfolio rebalancing.
The Parker Financial SMAs are available on the HUB24 Custodial Services Ltd (ABN 94 073 633 664 AFSL 239122) (HUB24) HUB24 Invest and HUB24 Super administrative platforms, and HUB24 is responsible for implementing the investment instructions of the portfolio manager.
Ironbark Asset Management (Fund Services) Limited (ABN 63 116 232 154 AFSL 298626) (Ironbark) is the responsible entity for The Parker Financial Investment Series. Ironbark issues the interests in, issues the PDS, and is responsible for the operation and management of the Parker Financial SMA portfolios available on the HUB24 platform.
An investment management fee is charged to cover the costs of operating the managed portfolio and managing your investment; a percentage-based fee deducted from your HUB24 cash account and paid to the responsible entity, asset manager, custodian and administrator. Parker Financial Services do not receive any remuneration or additional fees for provision of the SMAs, or in relation to managing the investments in the SMAs on your behalf.
Any other relationships or associations we have that may influence our advice to you will be disclosed in the Adviser Profile (Part 2) of this FSG.
Making a Complaint
We endeavour 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. We accept complaints over the phone, in person, via email or letter or on our social media channels. The best option is to call us or put your complaint in writing to our office. We will endeavour to resolve your complaint in 5 business days.
If you still do not receive a satisfactory outcome or we do not respond to you within 30 days after you make the initial complaint, you have the right to complain to the Australian Financial Complaints Authority (AFCA) at the following address:
Australian Financial Complaints Authority (AFCA)
GPO Box 3
MELBOURNE VIC 3001
Website: www.afca.org.au
Email: info@afca.org.au
Phone: 1800 931 678
You may only contact AFCA once you have followed the above procedure.
Our Complaints Handling Procedure is available on request and at our website at: https://www.parkerfinancial.com.au/complaint-handling.
Your Privacy
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 Complaints Handling Procedure is available on request and at our website at: https://www.parkerfinancial.com.au/privacy-policy.
This Adviser Profile has been authorised for distribution by Parker Wealth Management Pty Ltd and is to be read in conjunction with the Financial Services Guide (FSG) Part 1 version 5 dated 3 May 2022. This Adviser Profile forms part of the FSG.
Authorised Representative
Dean Easterby (ASIC# 253518)
Corporate Authorised Representative
Parker Financial Services Pty Ltd
(ASIC# 242984 ABN 88 010 783 285)
About your adviser
Dean Easterby is a Financial Adviser, Director and sub-Authorised Representative of Parker Financial Services Pty Ltd, which is a Corporate Authorised Representative of Parker Wealth Management Pty Ltd (AFSL# 519344).
Dean has been in the financial services industry for the past 25 years, the majority of this time advising clients on how to build and protect their wealth. He has expert knowledge in the areas of superannuation, investment and tax planning, delivering solutions in a simple, easy to understand fashion. Dean’s forte is his ability to engage with clients to understand exactly what they are seeking to achieve and then very clearly communicate the options available to realise their aspirations.
Qualifications
MBA Charles Sturt University
Diploma of Financial Planning
A Certified Financial Planner™
Senior leadership graduate program Stanford University
Professional Memberships
Financial Advice Association Australia (FAAA)
Services
Dean is authorised to provide personal advice and dealing services in the following areas:
o Superannuation and SMSF
o Retirement planning
o Portfolio management
o Personal risk insurance
o Managed investments
o Securities
o Margin lending
PAUL COOKE
This Adviser Profile has been authorised for distribution by Parker Wealth Management Pty Ltd and is to be read in conjunction with the Financial Services Guide (FSG) Part 1 version 5 dated 3 May 2022. This Adviser Profile forms part of the FSG.
Authorised Representative
Paul Cooke (ASIC# 437099)
Corporate Authorised Representative
Parker Financial Services Pty Ltd
(ASIC# 242984 ABN 88 010 783 285)
About your adviser
Paul Cooke is a Financial Adviser, Director and sub-Authorised Representative of Parker Financial Services Pty Ltd, which is a Corporate Authorised Representative of Parker Wealth Management Pty Ltd (AFSL# 519344).
Paul has spent 25 years in the financial services industry. Prior to becoming a financial adviser, Paul developed expertise in a variety of sectors including corporate markets, financial accounting and property development. Paul's time spent growing up in a medical family and being married to a doctor has also helped him develop some unique insights into the financial well-being of medical practitioners. All this experience, combined with Paul's strong interest in economic markets, makes him well placed to advise clients across a wide range of investment opportunities.
Qualifications
Bachelor of Economics (Accounting Major)
Diploma of Financial Planning
Diploma from the Securities Institute of Australia
Professional Memberships
Financial Advice Association Australia (FAAA)
Services
Paul is authorised to provide personal advice and dealing services in the following areas:
o Superannuation and SMSF
o Retirement planning
o Portfolio management
o Personal risk insurance
o Managed investments
o Securities
o Margin lending
JULIAN FARMER
This Adviser Profile has been authorised for distribution by Parker Wealth Management Pty Ltd and is to be read in conjunction with the Financial Services Guide (FSG) Part 1 version 5 dated 3 May 2022. This Adviser Profile forms part of the FSG.
Authorised Representative
Julian Farmer (ASIC# 1238889)
Corporate Authorised Representative
Parker Financial Services Pty Ltd
(ASIC# 242984 ABN 88 010 783 285)
About your adviser
Julian Farmer is a Financial Adviser, Director and sub-Authorised Representative of Parker Financial Services Pty Ltd, which is a Corporate Authorised Representative of Parker Wealth Management Pty Ltd (AFSL# 519344).
Julian has over 25 years’ experience in financial services having worked at Macquarie Group and Westpac in Financial Markets, Treasury and Equity dealing rooms.
An active member of the Canberra community, Julian has served at Board level over the years with several charitable and business organisations.
Qualifications
Bachelor of Business (Economics)
Diploma of Financial Planning
Professional Memberships
Financial Advice Association Australia (FAAA)
Services
Julian is authorised to provide personal advice and dealing services in the following areas:
o Superannuation and SMSF
o Retirement planning
o Portfolio management
o Personal risk insurance
o Managed investments
o Securities
o Margin lending
SAM FURLER
This Adviser Profile has been authorised for distribution by Parker Wealth Management Pty Ltd and is to be read in conjunction with the Financial Services Guide (FSG) Part 1 version 5 dated 3 May 2022. This Adviser Profile forms part of the FSG.
Authorised Representative
Samuel Furler (ASIC# 343832)
Corporate Authorised Representative
Parker Financial Services Pty Ltd
(ASIC# 242984 ABN 88 010 783 285)
About your adviser
Sam Furler is a Financial Adviser, Director and sub-Authorised Representative of Parker Financial Services Pty Ltd, which is a Corporate Authorised Representative of Parker Wealth Management Pty Ltd (AFSL# 519344).
Sam has previously worked with several established Canberra financial planning practices. His education combined with his level-headed approach and strong work ethic makes him a valuable team member and adviser. He enjoys working with clients to complete their ever-changing ‘financial jigsaw puzzle’ on their journey to financial freedom.
Qualifications
A Certified Financial Planner™
Advanced Diploma of Financial Planning
Bachelor of Commerce in Banking and Finance
Bachelor of Applied Economics
Professional Memberships
Financial Advice Association Australia (FAAA)
Services
Sam is authorised to provide personal advice and dealing services in the following areas:
o Superannuation and SMSF
o Retirement planning
o Portfolio management
o Personal risk insurance
o Managed investments
o Securities
o Margin lending
KATE WHILD
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This Adviser Profile has been authorised for distribution by Parker Wealth Management Pty Ltd and is to be read in conjunction with the Financial Services Guide (FSG) Part 1 version 5 dated 3 May 2022. This Adviser Profile forms part of the FSG.
Authorised Representative
Kate Whild (ASIC# 1283194)
Corporate Authorised Representative
Parker Financial Services Pty Ltd
(ASIC# 242984 ABN 88 010 783 285)
About your adviser
Kate Whild is a Financial Adviser and sub-Authorised Representative of Parker Financial Services Pty Ltd, which is a Corporate Authorised Representative of Parker Wealth Management Pty Ltd (AFSL# 519344).
Kate has 15 years’ experience in the financial services industry with a number of Canberra wealth management businesses, including a 'big
four' firm. Beyond her technical expertise, Kate is known for her ability to simplify complex financial concepts, enabling her clients to make
informed decisions. She takes pride in empowering her clients to take control of their financial well-being.
Qualifications
A Certified Financial Planner™
Graduate Diploma of Financial Planning
Bachelor of Commerce
Bachelor of Arts
Professional Memberships
Chartered Accountants Australia and New Zealand
Financial Advice Association Australia (FAAA)
Services
Kate is authorised to provide personal advice and dealing services in the following areas:
o Superannuation and SMSF
o Retirement planning
o Portfolio management
o Personal risk insurance
o Managed investments
o Securities
PATRICIA RYAN
This Adviser Profile has been authorised for distribution by Parker Wealth Management Pty Ltd and is to be read in conjunction with the Financial Services Guide (FSG) Part 1 version 5 dated 3 May 2022. This Adviser Profile forms part of the FSG.
Authorised Representative
Patricia Michelle Paborito Ryan (ASIC# 1283193)
Corporate Authorised Representative
Parker Financial Services Pty Ltd
(ASIC# 242984 ABN 88 010 783 285)
About your adviser
Patricia Ryan is a Financial Adviser and sub-Authorised Representative of Parker Financial Services Pty Ltd, which is a Corporate Authorised Representative of Parker Wealth Management Pty Ltd (AFSL# 519344).
Patricia has been in the financial services industry for over eight years, during this time she joined Parker Financial in 2018. She is passionate about delivering the best experience for her clients and creating unique, tailored wealth advice.
Patricia works with clients to help them identify and achieve their financial goals by developing strategic and investment advice, providing high-quality technical support, preparing advice documents and financial modelling. She is knowledgeable in the areas of superannuation, investment and tax planning, and develops solutions with a simple, easy-to-understand approach.
Her education and experience put her in good stead to lead the way for a new generation of advice.
Qualifications
Bachelor of Commerce (Financial Planning Major)
Bachelor of Communication in Advertising
Tier 1 Margin Lending - General Advice
Professional Memberships
Financial Advice Association Australia (FAAA)
Services
Patricia is authorised to provide personal advice and dealing services in the following areas:
o Superannuation and SMSF
o Retirement planning
o Portfolio management
o Personal risk insurance
o Managed investments
o Securities
o Margin lending
CARLY JACKSON
This Adviser Profile has been authorised for distribution by Parker Wealth Management Pty Ltd and is to be read in conjunction with the Financial Services Guide (FSG) Part 1 version 5 dated 3 May 2022. This Adviser Profile forms part of the FSG.
Authorised Representative
Carly Brooke Jackson (ASIC# 1295818)
Corporate Authorised Representative
Parker Financial Services Pty Ltd
(ASIC# 242984 ABN 88 010 783 285)
About your adviser
Carly Jackson is a Financial Adviser and sub-Authorised Representative of Parker Financial Services Pty Ltd, which is a Corporate Authorised Representative of Parker Wealth Management Pty Ltd (AFSL# 519344).
Carly joined Parker Financial Services in 2019. Carly completed a Bachelor of Commerce from the University of Canberra in 2021 and has undertaken her Professional Year with Parker Financial to comply with the Corporations Act 2001 requirements.
Carly is passionate about helping people make the right financial decisions and empowering clients by educating them on the strategies associated with money management. Carly helps clients identify and achieve their financial goals through developing strategic and investment advice, providing high-quality technical support, preparation of advice documents and financial modelling, and conducting client meetings.
Her education, experience and principles are the cornerstone to a new generation of advice.
Qualifications
Bachelor of Commerce (Banking & Financial Services and Financial Planning Majors)
Financial Statement Fundamentals - Small and Medium Enterprises
Services
Carly is authorised to provide personal advice and dealing services in the following areas:
o Superannuation and SMSF
o Retirement planning
o Portfolio management
o Personal risk insurance
o Managed investments
o Securities