Advice Only Service

Scope of Service

This service is designed for people or organisations requiring an Advice-Only Service from Jarden.

The specific requirements of the service will be agreed individually with the client but may include the provision of Jarden research, asset allocation advice, financial advice on specific securities, portfolio construction and on-going portfolio management.

Jarden will not undertake any custody or transactional services and will not provide any reporting under this service.

All clients in this service are required to be classified as ‘wholesale investors’ under the Financial Markets Conduct Act 2013. As a wholesale investor, the usual rules do not apply to the financial advice provided to you. As a result, Jarden will not be under a regulatory duty to ensure any advice provided to you is suitable for your circumstances and you are solely responsible for assessing suitability. You will have fewer other legal protections regarding the services we provide. To be accepted into this service you will need to complete a Wholesale Investor Certificate. If you cease to be a wholesale investor or fail to provide an updated certificate when required by us, you will no longer be eligible for this service.

Scope

This service is designed for ‘wholesale investors’ who are sophisticated, experienced investors and who meet the relevant criteria under New Zealand legislation. They should be experienced and comfortable investing in financial products and only looking for advice on asset allocation, particular securities, markets or portfolio recommendations. This service is suitable for people who are seeking an advice-only service, as they have already engaged separate custodial and execution services as required for their purposes.

Securities Advice

We will provide advice which may be general in nature or may take into account your broader circumstances and goals. Our advice will take the form of recommendations on particular securities, such as equities, bonds, deposits, foreign exchange and funds. Suitability is limited to our assessment of the investment qualities of the product and best practice portfolio management.

Jarden Research

We will make Jarden Research available where appropriate.

Transactional Services

Jarden will not provide any transaction services as part of this service.

Cash management and foreign currency service

Jarden will not provide cash management or foreign currency services as part of this service.

Custodial Service

Jarden will not provide custodial services as part of this service.

Investment decisions

While the adviser will make investment recommendations, the client is responsible for final investment decisions. Subject to agreement, Jarden may assist with ensuring any recommendations made by the Jarden adviser are executed through the client’s own provider. The client is responsible for ensuring the advice provided is suitable.

Main benefits and risks

The key benefits of this service include having access to a financial adviser who can provide professional advice and research on specific financial securities, and in addition can make recommendations to manage the portfolio on an ongoing basis.

The principal risk is that this is a service for wholesale clients. As a wholesale client, you do not have access to all the legal protections that apply to retail clients. For example, there is no duty upon Jarden to take all reasonable steps to ensure that you understand the nature and scope of the advice given to you.

We will comply with statutory duties of care, diligence and skill when providing financial advice to you and prioritise your interests if any conflict of interest arises.

Ongoing service and reports

The adviser will monitor the portfolio on a regular basis as agreed with the client. The adviser will recommend transactions to keep the portfolio in line with the agreed strategy. There will be no reporting of any nature provided by Jarden.

Limitations

The scope of this service is limited to advice only. Jarden will not provide any other services. The client is responsible for ensuring performance is as expected.

Minimum investment

There is currently no minimum investment for this service.

Fees

Clients in this service will be charged an advice fee, which may be calculated as a percentage of funds under management or may be a fixed fee.

More information on fees can be found in our Jarden Financial Advice Provider Disclosure Statement which is publicly available on our website: Jarden.co.nz.

Terms and conditions

Before opening an account with Jarden, please read the Terms and Conditions and Privacy Policy in full. We provide our services in accordance with these Terms and Conditions.

Delivered by

This service is provided by Jarden Wealth Limited and your qualified Financial Adviser. Jarden Wealth Limited is a registered financial services provider (FSP1006426), an NZX Advising Participant, and holds a Financial Advice Provider licence, issued by the Financial Markets Authority. Research may be available electronically.

To join this service

Your financial adviser can guide you through this process.

CONFLICTS OF INTEREST AND COMMISSIONS OR OTHER INCENTIVES

A conflict of interest may arise where the interests of Jarden or any of our advisers may be perceived to materially influence our advice.

The table below outlines potential conflicts of interests that may arise (these are also outlined in section 5 of the Service Disclosure Statement - Jarden’s conflicts of interest):

Potential conflict	Description
Jarden Securities Limited (JSL)	JSL is a subsidiary of Jarden Group Limited, which has an investment in FirstCape Group Limited , the ultimate parent company of Jarden Wealth Limited. We will consider investment opportunities in different investment products when providing the DIMS. The investments will be appropriate for the investment strategy agreed with you. Investments in your portfolio may include those in shares and debt securities in which JSL may have a role in the offering syndicate. JSL is in the business of investment banking (e.g., mergers and acquisitions (M&A), corporate advisory work, new issues of investment product, secondary offerings and placements and other transactions) with companies whose securities in which Jarden may transact and manage in the DIMS. JSL may also trade in investment products as principal for its own account. Our research analysts and JSL research analysts publish investment and economic research that will be used as one of a number of sources of analysis in providing the service to you. JSL acts as a Trading and Clearing Participant for Jarden clients.
Jarden’s other related companies and affiliated persons	Jarden may recommend securities that are issued, or funds that are managed, by a related or associated company of Jarden. Currently these companies are Harbour Asset Management Limited, Pearlfisher Capital Limited and Jarden Principal Investments Limited (and any subsidiary of Jarden Principal Investments Limited). Any such related party will receive fees for their management of these securities or funds. Those fees are either charged on an arms-length basis (as in, they are the same as the fees charged to those investing direct) or alternatively as set out in the applicable documentation. In addition, National Australia Group (NZ) Limited (NAB) is a shareholder in FirstCape Group Limited. We may invest in securities that are issued by NAB (or any of its subsidiaries including BNZ). These related parties may benefit from any investments placed with them.
Fees	JSL and Jarden may be paid fees by the companies and persons either acts for (e.g., brokerage of a percentage of the dollar amount subscribed for by the investor, plus a percentage as a firm allocation fee plus if in a syndicate as a lead manager, a percentage as arranger or a fixed fee amount). In some situations, JSL may also act as underwriter of an issue, which means that the issuer will pay JSL an underwriting fee for the risk taken by JSL in supporting the transaction. The amount of the underwriting fee will vary depending on the risk of the transaction concerned. All of these fees can and do vary by transaction. Investment banking fees for advisory and M&A work will vary by transaction.
Adviser remuneration	The remuneration of Jarden’s advisers is comprised of a fixed salary and a discretionary attribution bonus and additional discretionary bonus, payable at the discretion of Jarden’s Board and Remuneration Committee. Bonuses are discretionary payments. They are not solely based on individual performance and include consideration of the individual’s conduct as well as reference to Jarden’s revenue that is attributable to the specific financial adviser. Bonuses are not influenced by the choices of financial products included in an investor’s portfolio. Jarden Compliance undertakes sample client file inspections from time to time to ensure the advice provided promotes good outcomes for our clients.
Shareholdings in Jarden / FirstCape	Jarden advisers may have an equity interest in the Jarden Group Limited (a related company of Jarden Wealth and Asset Management Holdings Limited, a shareholder of FirstCape Group Limited) or a direct equity interest in FirstCape Group Limited. Any payment of dividends or other distributions to shareholders has no effect on the service provided.

Managing conflicts of interest

Jarden maintains a comprehensive and robust framework of policies and processes to manage conflicts of interest. Conflicts of interest are managed by various means including use of appropriate disclosures, separation of functions, compliance policies and declining to act. Our Remuneration Committee manages employee compensation including any discretionary bonus.

Terms and Conditions

Before opening an account with Jarden, please read these Terms and Conditions in full. We provide services in accordance with these Terms and Conditions.