Financial Services Guide

Part 1

Version 3 dated 1 September 2020

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

 

Canberra House, Level 10

40 Marcus Clarke St
Canberra ACT 2600

T  +61 (0)2 6267 0700
F  +61 (0)2 6257 8259
W 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 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. 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 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. 

Annual Fees

Our annual Advice fee depends on the further advice services that we provide to you. 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 in advance.

Referral Fees

In some situations, we may pay a fee to external parties who have referred you to us. The referral arrangements and any payments will be disclosed in full when we provide you with an SoA.

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, IPO’s or managed funds). 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.

Commissions

 

We may receive commissions and other benefits from some product providers. The commission or benefit will vary depending on the recommended product and will be documented in the SoA or RoA.

Insurance Commissions

Parker Financial Services receives a one-off upfront commission when you take out an insurance policy we recommend. We also receive a monthly commission payment for as long as you continue to hold the policy.

Investment Commissions

Parker Financial Services may receive a monthly commission payment from some investment providers. This will be based on your account balance and will continue to be paid for as long as you hold the investment. These commissions will be rebated to you and are not an additional cost to you.

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.

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. 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.

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 Privacy Policy is available on request and on our website.

Adviser Profiles

Part 2

Version 1 dated 1 September 2020

Dean Easterby

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 3 dated 1 September 2020. 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 Planning Association of Australia (FPA)

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 3 dated 1 September 2020. 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 Planning Association of Australia (FPA)

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 3 dated 1 September 2020. 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 Planning Association of Australia (FPA)

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 3 dated 1 September 2020. 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 Planning Association of Australia (FPA)

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

Parker Financial Services Pty Ltd
ABN 88 010 783 285
Fax 02 6257 8259
+612 6267 0700

 

Corporate Authorised Representative
Parker Wealth Management Pty Ltd

AFSL 519344   ABN 42 636 318 593
Registered Office: Level 10 Canberra House 40 Marcus Clarke Street, Canberra ACT 2600


 

© 2018 Parker Financial
Services Pty Ltd