Forsyth Barr Limited

“Financial advice is help to make decisions about investing — based on your goals, how long you're investing for, and how comfortable you are with risk. At Forsyth Barr, advice can include discussing your options, recommending an approach, and helping you understand the services available. If you choose a discretionary service, the advice is generally about entering the service and setting the investment mandate (the rules and boundaries for how your portfolio is managed).”

“With **advice**, you stay in control of day-to-day decisions — you decide what to buy or sell. With **discretionary management**, you authorise a licensed provider to make investment decisions for you within an agreed mandate. That means they can act day-to-day without checking with you each time, as long as they stay within the rules you've agreed.”

“A **DIMS** (Discretionary Investment Management Service) is a service where you give a licensed provider authority to manage your investments for you within agreed guidelines. In New Zealand, DIMS providers are licensed by the **Financial Markets Authority (FMA)**, and the service is governed by disclosure documents that explain how it works, what it costs, and key risks.”

“A helpful starting point is how involved you want to be: - **Premium Advisory:** you work with an adviser and generally make the final decisions. - **Private Portfolio Management:** a discretionary service where investments are managed day-to-day within a tailored mandate. - **Navigator:** a discretionary service where the portfolio (often using managed funds) is managed within an agreed mandate. An Investment Adviser can talk you through the differences and help you choose a service that fits what you need.”

“Not always — it depends on what you're trying to do and which service you're considering. Many people choose to speak with an adviser because it helps clarify options, fees, and what's involved. If you decide to proceed with a service, you'll be able to review the relevant documents (such as Scope of Service and disclosure information) before making any decision.”

“Forsyth Barr's services can be supported by research produced by Forsyth Barr and third parties. What you can access — and how you access it — can vary by service. Your adviser can explain what's included for the service you're considering and how research is used to support the investment approach.”

“You can find official information in: - Forsyth Barr's service documents (including service disclosure and Scope of Service information), and - the **Financial Markets Authority (FMA)** register for provider and licensing information (including DIMS licensing). If you're unsure what applies to you, an adviser can point you to the right documents.”