Disclosure Information
This disclosure statement was prepared on 15 March 2025.
It is important that you read this document.
This information in this disclosure statement is important. It is intended to help you to find a financial advice provider that meets your needs.
Summit Wealth Limited (FSP768791) holds a licence issued by the Financial Markets Authority to provide financial advice.
Important information about our business
Summit Wealth Limited is a Licensed Financial Advice Provider issued by the FMA to provide financial advice services. Financial Services Provider Number is FSP768791
Our office contact details:
Address: 41B Arawa Street, Matamata 3400
Phone: 021 822 073
Email: info@summitwealth.co.nz
Website: www.summitwealth.co.nz
Nature and Scope of financial advice services
Our Services
- KiwiSaver Advice (Primary) and Investment Advice
Products we can provide financial advice about:
- KiwiSaver and Investments
Product providers we might recommend:
- Milford, NZ Funds, Booster, Generate, Koura, Aurora, SuperLife, InvestNow
Our Fees
Generally the fees are included in your KiwiSaver fees . The actual fee charged to you will depend on the nature and scope of the advice or service we provide. We will discuss and agree the actual fees with you before we proceed and explain how they are payable.
The following section outlines the types of fees that may apply:
The fees charged for our advice and services may be based on a combination of: A set dollar amount; or a percentage – based fee.
Our agreed advice and service fees may include charges for:
Initial advice ongoing or annual advice and services.
Other costs
Where other costs are incurred in the process of providing our advice and services to you, you will be liable for these costs. However, we will agree all additional costs with you prior to incurring them.
Commissions
For services in relation to KiwiSaver products, commissions may be paid by the product provider as follows:
Onboarding Fee – A one off fee for placing a client with a provider. The providers vary and it ranges between $0 and $300.
Ongoing Service Fee: And ongoing annual (paid monthly fee based on the balance of you KiwiSaver fund and the fund type. This ranges between 0.20% and 0.50%.
Conflicts of interest or other incentives
We are here for our clients and to advise you as best we can. Your interests are our priority although we do have business relationships with product providers also.
From time to time our product providers assist us with funding so we can bring our advisers together for conferences and professional development training.
Kyle Imeson, Director of the Financial Advice Provider, is also a Director of Lika Limited trading as Daisy Digital Marketing.
How we manage any conflicts of interest
To ensure our advisers prioritise our clients’ interests:
- We follow an advice process that ensures our recommendations are made appropriately, based on clients’ goals and circumstances.
- All our advisers undergo annual training about how to manage conflicts of interest.
- We maintain registers of conflicts of interests and the gifts and incentives we receive. These registers are monitored regularly, and additional training is provided as required.
- We undertake an annual independent Compliance Assurance Review.
Our duties and obligations to you
We are bound by the duties of the Financial Markets Conduct Act (431I, 431K, 431L and 431M) to:
- Meet the standards of competence, knowledge and skill set out in the Code of
Conduct - Give priority to the clients’ interest and
- Exercise care, diligence and skill and
- Meet the standards of ethical behaviour, conduct, and client care set out in the Code
of Conduct.
Our Internal complaints process
If you have a problem, concern or complaint about any part of our advice or service, please tell us so that we can try to fix the problem. Our internal complaints manager is Kyle Imeson who can be reached via email at kyle@summitwealth.co.nz or 021 822 073. Kyle will reply to you within 24-48 business hours.
Our internal complaints handling process is as follows:
1. Take on board your complaint
2. Review the information
3. Try to come to a resolution
Our external complaints process
If we cannot agree on how to fix the issue, or if you decide not to use the internal
complaints scheme, you can contact our external disputes resolution scheme – Financials
Services Complaints Limited (FSCL). This service will cost you nothing, and will help us
resolve any complaints.
You can contact FSCL at:
Address: PO Box 5967, Wellington 6140
Phone number: 0800 347 257
Email address: info@fscl.org.nz