Saturn Advice Limited

Fees

“Saturn Advice charges fees for the advice it provides to clients. Fees are charged in two ways. 1. An hourly rate from **$350 (plus GST)** applies for general advice on investments and financial goals. The total cost will depend on the complexity of each client's situation as this affects the time required to prepare advice.”

Commission

“Saturn Advice does not accept commissions or other payments from 3rd party providers on whose products we give financial advice.”

Product panel

“We recommend investments to clients that have been approved by our in-house investment committee which is supported by external investment research houses. We are not restricted in the investments we can advise on, providing they are legally available to New Zealand investors, are able to be administered using our 3rd party investment administration provider (NZX Wealth Technologies)”

Conflicts of interest

“Saturn has policies for conduct and ethics, managing conflicts of interest and the receipt of gifts and hospitality, with the latter requiring any material gifts or hospitality to be entered into a register and approved by management. From time to time, product providers and suppliers of services may provide us with tickets to sports events, hampers, or provide other forms of entertainment.”

Scope of advice

“Saturn Advice provides financial advice in relation to investments and financial planning. This includes managing investment portfolios for clients. Our financial advisers provide advice to clients in relation to managed investment schemes, exchange traded funds, some direct equities and bonds, cash, and KiwiSaver funds.”

Dispute resolution

“If we cannot resolve your complaint, or if you are not satisfied with the outcome, you can contact the **Insurance and Financial Services Ombudsman Scheme**. They provide a free, independent dispute resolution service that may help investigate or resolve your complaint if we haven't been able to resolve your complaint to your satisfaction.”

Ownership

“Saturn Advice's parent company, Saturn Portfolio Management Limited (FSP36264), is authorised to provide financial advice under the Saturn Advice license.”

Material relationships

“Where we recommend services or products managed by other parts of the Saturn group of companies (for example, the Portfolio Superannuation Scheme), we disclose this relationship to clients.”