On Thurday 5th July, our firm agreed to become an Authorised Reprensentative of Wealth Today Pty Ltd (ABN 62 133 393 263), AFSL 340289, following the collapse of Dover Financial Advisers, the AFSL holder we were previously licensed through.
This means we are able to continue to provide advice on financial products to clients. The way we do this has not and will not change: We do not accpet commissions or percentage of assets type fees (commissions by another name) of any kind. To the extent ongoing commsissions are received they are rebated to the relevant client in full. During calendar year 2017, we rebated a total of $46,534.51 to clients.
We chose to go with Wealth Today as they made the changeover process as pain-free as possible and have undertaken not to alter the terms of our previous arrangement with Dover for at least 6 months. The important, non-negotiable terms are that we continue to be charged a flat fee only, so that we can continue to rebate all commissions.
Pleqaase contact our office should you wish to discuss this development further.