The purpose of this FSG is to assist you in deciding whether to use the services we offer. It sets out information about:

Whenever our Representative gives you personal financial advice our Representative will provide you with a Statement of Advice (SOA) which contains the advice, the basis on which it was given and information on fees, commissions and associations which may have influenced the provision of the advice.

If our Representative provides further advice to you and your personal circumstances have not significantly changed, and that further advice is related to the advice we provided to you in a previous Statement of Advice and we do not give that further advice to you in writing, you may request a copy of the record of that further advice at any time up to 7 years from the date our Representative gave the further advice to you.

You can request the record of advice by contacting the representative or us in writing or by telephone or by email.

Whenever our Representative makes a personal recommendation to acquire a particular financial product, our Representative will provide you with a Product Disclosure Statement (PDS) which contains information about the particular product to assist you to make an informed decision about that product.

Our Representative will also give you a PDS if you ask them to sell you a particular financial product or ask them to arrange to issue a particular product.

This FSG has been authorised by RIAA.

ABOUT RIAA

Risk and Investment Advisors Australia Pty Ltd
ABN: 21 104 922 394
Level 3, 69 Phillip Street
Parramatta NSW 2150
P: 02 9687 0604
F: 02 9687 4406
E: riaa@riaa.net.au

RIAA holds an Australian Financial Services Licence (AFSL Number 238141).

RIAA is member of the Association of Independently owned Financial Planners (AIOFP) and actively supports their Code of Ethics and Rules of Professional Conduct.

HOW IS RIAA PAID FOR THE SERVICES IT PROVIDES?

RIAA receives a fee from the Authorised Representative and also retains up to 4% of all remuneration generated by the Authorised Representative.

WHO IS OUR ADVISER?

Our adviser is an Authorised Representative of Risk and Investment Advisors Australia Pty Ltd (RIAA). They will be acting on behalf of RIAA when they make product recommendations.

RIAA is responsible for the financial services they provide including the distribution of this FSG.

Our Authorised Representative will hand you their RIAA Adviser Profile with this document. The RIAA Adviser Profile forms part 2 of the FSG and provides more detailed information about commission and other benefits they may receive.

WHAT ADVISORY SERVICES ARE AVAILABLE TO ME?

RIAA is licensed to offer the following financial services:

The Adviser Profile sets out which of these financial services our adviser is authorised to provide as an authorised representative of RIAA.

RIAA may also provide the following advisory services:

Our adviser will only recommend an investment to you after considering its suitability for your individual needs, objectives and financial circumstances.

RIAA has access to specialist advice on Tax Planning, Estate Planning, Shares, Investments, General Insurance and Mortgage funds.

Where required, these areas will be provided only by referral. Whether you use one of our referrals or a professional that you currently have an involvement with, they will be responsible for the advice provided to you.

If you require advice on a wider range of products or complex issues we may refer you to another financial services provider.

OUR RESPONSIBILITY TO YOU

RIAA will:

YOUR RESPONSIBILITY TO US

RIAA expect that you:

WHAT INFORMATION IS MAINTAINED IN YOUR FILE AND IS IT KEPT SECURE?

RIAA will maintain a record of your personal profile including details of your objectives, financial situation and needs. We also maintain records of any recommendations made to you. If you wish to examine your file please contact us.

RIAA is committed to implementing and promoting a privacy policy which will ensure the privacy and security of your personal information. RIAA's Privacy Statement is available on request, or you may access it on RIAA's website.

HOW DO YOU GIVE INSTRUCTIONS ABOUT YOUR INVESTMENT?

You may tell our adviser how you would like to give them instructions. For example, by telephone, fax or other means such as email.

HOW MUCH WILL YOU PAY FOR THE SERVICE PROVIDED?

The RIAA Advisor Profile contains information detailing fees and commissions as well as other benefits that our adviser may receive for the services that our adviser provides and the RIAA receives.

There are various modes of payment for the services provided. You may either be charged a set fee, an hourly rate or our adviser may receive commissions directly from the financial product issuer whose products are recommended to you.

If you receive personal advice from our adviser, our adviser will provide you with a Statement of Advice (SOA) which tells you the amount of any commissions, fees and other benefits that are paid to any person as a result of your decision to use our services which may influence the advice our adviser gave you. If they do not know the amount, the (SOA) will tell you how the commissions, fees and other benefits are calculated. Before our adviser can proceed to act on your instructions you must sign the SOA authorising our adviser to implement the recommendations.

If they recommend a financial product the issuer of that product will receive a benefit which may be in the form of a premium, entry fee or management fee. This will be fully explained in the relevant Product Disclosure statement.

WILL ANYONE BE PAID FOR REFERRING ME TO YOU?

Where you have been referred to your adviser or RIAA by someone else, and if we pay them a fee or commission for that referral, we will tell you in the Statement of Advice the amount of any fee or commission paid. Part 2 (Advisor Profile) will also disclose information about any payment made for referrals by your advisor.

ARE THERE ANY CONFLICTS OF INTEREST IN OUR ADVICE?

RIAA is a member of the AIOFP therefore receives the following payments, in addition to the initial and ongoing commissions from the following fund managers:

Types of Payments	Level of Payment
Wealthtrac – AIOFP Rebate Payment	These payments are based on the total value of business submitted to Wealthtrac. The total payments will not exceed 0.583% of funds under management.
Asgard Personal Choice – AIOFP Rebate Payment	Asgard Personal Choice, an amount equal to 45% of the administration fee is payable to Personal Choice Portfolio Services Pty Ltd which, after expenses including the production of PDS, distributes the balance to RIAA

RIAA also receives Volume Bonus from the following:

Types of Payments	Level of Payment
Beacon – Investment Wrap	Up to 0.4% on business submitted plus an additional 0.2% per annum on Funds Under Advice
Aviva – Rebate Payment	For Navigator Personal Product as amount of up to 25% of the net margin is payable. For Aviva Protection First Products, an amount of up to 10% of the Gross new business inflows is paid.
AIG – Rebate Payment	For AIG insurance products an amount of up to 10% of net new business inflows is paid.
IOOF – Sponsor Fee	IOOF pay a sponsor Fee of up to 0.57% of Funds Under Advice
Tower – Rebate Payment	For Tower Insurance products an amount of up to 10% of net new business inflows is paid.
Asteron – Rebate Payment	For Asteron Insurance products an amount of up to 10% of net new business inflows is paid.
Synergy – Rebate Payment	Synergy pay up to 26.67% per annum of the minimum Administration Fee on Funds Under Advice.

Sample Scenarios

You are a new client investing $10,000 into Wealthtrac and we have agreed on a commission rate of 4% initial and 1.1% ongoing. From this transaction RIAA will receive the following (Includes commission paid to the authorised representative):

WHAT SHOULD I DO IF I HAVE A COMPLAINT?

ANY FURTHER QUESTIONS?

If you have any further questions about the financial services we provide, please contact your advisor in the first instance. If you have any further questions about the financial services RIAA provides please contact RIAA on 02 9687 0604.

Please retain this document for your reference and any future dealings with RIAA.