Adviser Profile Dated: 7th March 2018
Tim Blottin
Tim Blottin is a Sub-Authorised Representative #417365 of Aeon Wealth Pty Ltd. Aeon Wealth Pty Ltd is a Corporate Authorised Representative #1253578 of Wealth Today Pty Ltd, who holds an Australian Financial Services Licence #340289.
Wealth Today Pty Ltd authorises the distribution of this Adviser Profile and the Financial Services Guide that accompanies it and is responsible for the financial services provided to you.
Introduction
My name is Tim Blottin and I am an Authorised Representative of Wealth Today Pty Ltd. My educational qualifications and experience I have a Diploma in Financial Planning. The advice and products I can offer you I am authorised by Wealth Today under its AFSL to provide financial product advice for and deal in the following classes of financial products:
• Basic and non-basic deposit products
• Debentures, stocks and or bonds issued or proposed to be issued by a government.
• Life products including investment life insurance products as well as any products issued by a Registered Life Insurance Company
• Interests in managed investment schemes including investor directed portfolio services.
• Retirement savings accounts (“RSA”) products (within the meaning of the Retirement Savings Account Act 1997)
• Securities
• Superannuation
How my company and I are paid
Wealth Today initially receives all fees received from my clients and product providers and distributes them to me or my company after their fees and other expenses are deducted. Wealth Today generally retains a percentage of fees paid under its arrangements with me or my company. These may vary and will be disclosed in advice documents such as a Statement of Advice or Record of Advice.
For details of other possible benefits, please refer to the FSG and/or Advice Documents. All fees and commissions outlined below are inclusive of GST.
Advice preparation
You may be charged a Statement of Advice preparation fee depending on the complexity and the time spent. Any fee for service must be paid within seven (7) days of the date of the tax invoice issued to you. The minimum SOA fee is charged in conjunction with the Upfront Adviser Fee. (see ongoing fee for service below)
Implementation
Your Client Declaration (Terms of engagement document) will detail all Implementation Fees and will be signed by you, before any work is carried out. Implementation fees are included in the initial upfront Adviser Fee. (see ongoing fee for service below)
Pre-existing arrangements
For existing clients already in an established commission arrangement, we may receive commission on investment products or margin lending products held. For investment products the relevant product issuer will pay initial commission between 0% and 10% and ongoing commission between 0% and 1.5% of the value of your investments for as long as you hold the product. Commissions are paid to us by the product provider and are not an additional cost to you.
Insurance products
My company or I may receive up-front commission of up to 80% (exclusive of GST) of your first annual insurance premium for arranging your cover. This amount is reduced to up to 70% from 1 January 2019, and further reduced to up to 60% from 1 January 2020.
In addition, my company or I may receive, after the first year, an ongoing annual commission of up to 20% (exclusive of GST) of your annual insurance premium. Note that where commissions are the same for initial upfront and ongoing annual commission (i.e. level commissions) the above commission caps do not apply. These commission payments are made by the relevant product issuers and are not an additional cost to you.
Ongoing fee for advice
If you elect to pay a fee for access to services involved in the ongoing review of your financial planning strategy, the ongoing fee is based on the complexity of ongoing advice and the services provided. The ongoing advice fee will be based on the level of services made available to you and the complexity of the advice. Complex advice requirements include the use of trusts and ownership structures, overseas assets or incomes, executive options or multiple investment entities. The frequency that review services are made available to you will also impact on the fee charged.
The standard upfront fee is a once off amount of $4,600.00 while the maximum based on complexity is up to $6.600.00.
The standard ongoing fee is $185 per person per month for a 12-month period.
Ad hoc advice My/our hourly fee rate is $275.00 per hour inclusive of GST.
Other Benefits, interest or associations Aeon Wealth Does not and will not receive benefits for any referrals made by us. How to find me If you would like to make an interview time to discuss your financial needs and objectives in detail, please contact me on 0405 651 101 or via email at tblottin@aeonwealth.com.au
This document, the Adviser Profile, should be read in conjunction with the Wealth Today Pty Ltd Financial Services Guide (FSG).
Distribution of this Adviser Profile by the Authorised Representative/Adviser has been approved by Wealth Today Pty Ltd.