www.become.nz Open in urlscan Pro
13.115.92.205  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Investment
Property InvestmentKiwiSaverRetirement PlanningFinancial PlanningUK Pension
TransferCurrency Exchange
Mortgages
First Home BuyersProperty Investment LoansRefix or
RestructureRefinancingRepayment Calculator
Insurance
Life InsuranceHealth CoverIncome ProtectionTrauma InsuranceBusiness
ProtectionHome, Contents, Vehicle
How it WorksAbout UsBlogContact
Financial Health Check

HomeHow it WorksAboutBlogContact
Investments
Property
Retirement
KiwiSaver
UK Pension Transfer
Financial Planning
Currency Exchange
Mortgages
First home buyers
Refinancing
Refix or Restructure
Property Investment Loans
Repayment Calculator
Insurance
Life Insurance
Income Insurance
Home, contents & vehicle
Health insurance
Trauma Insurance
Business Insurance


Important Information Disclosure
Investment Product Provider and Approved ProductKiwisaver Product
ProvidersInsurance Product ProvidersFinance Product ProvidersFire and General
Insurance Product Providers and ProductComplaints and Disputes


DISCLOSURE INFORMATION

‍

Become Wealth Limited (“our”, “we”, "us"), FSP249805 is a Financial Advice
Provider (FAP) licensed and regulated by the Financial Markets Authority to
provide financial advice and a Discretionary Investment Management Service
(DIMS).


NATURE AND SCOPE OF THE ADVICE

We provide financial advice about products and services from a broad range of
providers.

 * Mortgages
 * Personal risk products such as life insurance, income protection, health
   insurance
 * Investment
 * KiwiSaver
 * Managed Funds
 * Overseas pension transfers/QROPS
 * Direct shares and bonds
 * DIMS

Become Wealth Limited may provide you with advice on a wide range of products
from various product providers.

Become Wealth Limited is a licensed provider of Discretionary Investment
Management Service (DIMS).

Become Wealth Limited services exclude certain areas of personal finance. These
include budgeting analysis, taxation and accounting services, legal and estate
planning. We may refer you to your relevant specialist professional services
provider for advice on those matters. Become Wealth Limited may receive a
referral fee should you choose to use some of these services. We will provide
you with more information about this fee once we have made the referral.


FEES OR EXPENSES

Become Wealth Limited are committed to delivering cost-effective services.
Become Wealth Limited is remunerated by way of the fees it charges you, and the
fees and commissions it receives from product providers.


FEES CHARGED BY BECOME WEALTH LIMITED

We may charge a fee for the financial advice that is provided to you. If a fee
is charged it will depend on the nature of the financial advice and service that
we provide. Most commonly such fees may be:

 * Financial and retirement planning: based on an hourly rate or an upfront
   planning fee.
 * Mortgage broking (mortgage advice): usually no fee.
 * Insurance broking (insurance advice): usually no fee.

In all instances, the exact fees we may charge, if any, will be confirmed at the
time the advice is provided and agreed upon by you beforehand. All our fees are
payable within seven days of the date you receive the invoice.


FEES CHARGED BY INVESTMENT PRODUCT PROVIDERS

You will be charged a fee by the provider you place your investments in. The
amount of this fee depends on a number of factors such as the provider and the
amount you are investing. More information about these fees will be described in
the Product Disclosure Statement that will be provided to you.


FEES CHARGED BY INSURERS

You will need to pay a premium (regular fee) to the insurer to establish and
maintain insurance cover. This amount will be based on several factors,
including the extent of the coverage, the length of time it covers and your
excess. We will provide you more specific details about these fees once we know
more about your personal needs.


FEES CHARGED BY LENDERS

You will need to pay interest (a regular charge) to the lender to obtain and
maintain the lending. This amount will be based on several factors, including
the sum of the lending, conditions, and term or terms. We will provide you more
specific details about these fees once we have spoken to you and learn more
about your personal needs.


DIMS-SPECIFIC FEES

You will need to pay an ongoing fee for DIMS. This fee is based on a percentage
of the total value of your investment portfolio and is charged annually. The fee
is automatically deducted from your investment portfolio and will reduce the
amount of the returns you receive. The exact fees we will charge will be
confirmed at the time the advice is provided and agreed upon by you in writing
beforehand.

The wrap platform provider and the custodian charge a fee for providing the
portfolio administration and custodial service. This fee is calculated daily,
paid monthly in arrears and are described in the Service Disclosure Statement
and Investment proposal. The underlying fund managers will also charge you fees.


CONFLICTS OF INTEREST AND INCENTIVES

Become Wealth Limited advisers receive a salary as employees of Become Wealth
Limited. Staff remuneration is not solely linked to sales targets. Staff may
receive a bonus based upon overall company profitability and/or a blend of
measures. Promotion and pay increases are based on merit, efficiency, and
effectiveness. Each staff member has key performance indicators, and these
include being compliant, providing the required level of client service, client
satisfaction levels, being a team player, meeting continued professional
development requirements, and achieving productivity targets.

Become Wealth Limited may be paid in the form of commission from the product
providers through which we place business. The amount of the commission we
receive depends on a number of factors, such as the product providers used. We
will provide more specific details of the commission we receive at the time our
advice is given.

Become Wealth Limited holds distributor agreements with all recommended product
and service providers, and may occasionally receive from those respective
providers certain benefits, such as access to complimentary or subsidised
services that support our business.

To ensure we prioritise our clients’ interests:

 * Advisers are not incentivised to promote one product over another.
 * We have policies and procedures in place to identify and manage conflicts of
   interest. This includes annual staff training about how to manage conflicts
   of interest.
 * Although Become Wealth Limited may receive commissions, no adviser employed
   by Become Wealth Limited will receive commissions.
 * We follow an advice process that ensures our recommendations are made
   appropriately, based on clients’ goals and circumstances.
 * We maintain registers of conflicts of interests and any gifts and incentives
   we may receive. These registers are monitored regularly, and additional
   training is provided as required.
 * We undertake an annual independent Compliance Assurance Review by Strategi
   Limited.


DIMS-SPECIFIC CONFLICTS OF INTEREST

In many instances, Become Wealth Limited or our research partners have
negotiated a fee rebate on managed funds held in DIMS portfolios. To help your
investment grow, all DIMS rebates or commissions are paid into your account.
This is transparently reported to you in your annual reports and visible in your
online portal.

To ensure our advisers prioritise our clients’ interests:

 * Rest assured that investment decisions regarding portfolios are based on
   independent third-party investment research.
 * As advisers are employees of Become Wealth Limited, there could be a
   potential conflict of interest if DIMS is recommended. This potential
   conflict of interest is managed by ensuring the fees charged are competitive
   with the industry average and that platform fees are no greater than the fees
   a client may pay should they subscribe directly to the OneAnswer Portfolio
   Service. In addition, the provider of custodial services (FNZ Limited) is
   independent and not a related entity of Become Wealth Limited. FNZ Custodians
   Ltd, the underlying provider of custodial services for OneAnswer assets, is
   one of the largest providers of custodial services in NZ, recognised for
   platform capability and service quality.


NON-MONETARY BENEFITS (SOFT DOLLAR DISCLOSURE)

From time to time, Become Wealth Limited and advisers 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, and invitations to events.


COMPLAINTS HANDLING AND DISPUTE RESOLUTION

If you are not satisfied with our service or financial advice, please tell us as
soon as possible.

Phone: 0508 BECOME (232 663)

Email: hello@become.nz

Write to: Become Wealth Limited, Private Bag 92504, Takapuna, Auckland 0740

When we receive a complaint:

 * We will consider your complaint and let you know how we intend to resolve it.
   Where possible, we try to resolve your complaint immediately.
 * If we are unable to resolve your complaint immediately, we will acknowledge
   your complaint within 2 business days. We may contact you to get further
   information about your complaint.
 * We aim to resolve complaints within 10 working days of receiving them. If we
   need more time to investigate your complaint, we will let you know when you
   can expect to receive a response to your complaint
 * We will contact you by phone, email, or letter to let you know whether we can
   resolve your complaint and how we propose to do so.

If we cannot agree on how to fix the issue, or if you decide not to use our
internal complaints process, you can contact our external disputes resolution
scheme, Insurance & Financial Services Ombudsman Scheme (IFSO). IFSO provides a
free and independent dispute resolution service that may help to resolve your
complaint if we have not been able to do so to your satisfaction. You can
contact the Insurance & Financial Services Ombudsman Scheme at:

Phone: 0800 888 202

Email: info@ifso.nz

Write to: IFSO, PO Box 10-845, Wellington 6143


DUTIES INFORMATION

Become Wealth Limited and our advisers have duties under the Financial Markets
Conduct Act 2013 relating to the way that we give advice. We are required to:

 * give priority to your interests;
 * exercise care, diligence, and skill;
 * meet standards of competence, knowledge and skill set by the Code of
   Professional Conduct for Financial Advice Services; and
 * meet standards of ethical behaviour, conduct and client care set by the Code
   of Professional Conduct for Financial Advice Services.


CONTACT DETAILS

Become Wealth Limited FSP249805, trading as Become Wealth Ltd is the Financial
Advice Provider.

Phone: 0508 BECOME (232 663)

Email: hello@become.nz

Write to: Become Wealth Limited, Private Bag 93504, Takapuna, Auckland 0740



GET IN TOUCH

Drop us an email or give us a call and do your future a favour.


0508 232 663


HELLO@BECOME.NZ



CHRISTCHURCH

134 Victoria Street,
Christchurch Central
8013

AUCKLAND

72 Taharoto Road,
Takapuna
Auckland
0622




Important Information Disclosure


About UsFinancial Health CheckOur ServicesGet in TouchImportant Information
Disclosure
Important Information Disclosure
Investment Product Provider and Approved Product
Kiwisaver Product Providers
Insurance Product Providers
Finance Product Providers
Fire and General Insurance Product Providers and Product
Complaints and Disputes
LinkLink 2Link 3



© Copyright Become Wealth Limited

Privacy Policy