Putting Your Needs First

As a Commercial Financial Adviser, I have an obligation to always put your interests first when making a recommendation.

Product Provider Commission

If you accept and act upon my advice, GVK Finance Limited may receive a commission.

Conversely, if you do not accept and act upon my advice, no commission is received.

Fees or Other Charges You May Be Charged

In certain circumstances (such as a provider not paying a commission or the complexity of a transaction requiring additional work) I may need to charge a fee.

The purpose of this fee is to enable us to be fairly compensated for our time and expertise in providing you with advice.

The fees will be discussed and agreed with you beforehand and presented to you in a separate document called ‘Client Acceptance of Adviser Fees or Charges.’

Other Interests

In addition to being a Financial Adviser of my company, I am also Director and shareholder of GVK Finance Limited.

Other Incentives

From time to time, various product providers may also reward me and/or GVK Finance Limited for the overall business provided to them.

This may include tickets to sports events, hampers, or other non-monetary benefits.

Referrals

Occasionally we may refer you to other professionals for services beyond your lending needs.

Please note that we may receive a fee for these referrals to 3rd party providers.

How I Manage Conflicts of Interest

To ensure that I prioritise your interests above my own, I follow an advice process that ensures my recommendations are made on the basis of you and your business’ individual goals and circumstances.

I complete ongoing annual training about how to appropriately manage conflicts of interest.

GVK Finance Limited and/or the lender periodically undertakes a compliance review of my advice process.

GVK Finance Limited also engages an independent compliance consultancy firm to conduct ongoing independent compliance reviews and audits.

Duties and Disclosure

Notwithstanding GVK Finance Limited has an exemption from licensing they also operate under an agreement with the Financial Services Aggregator business Astute Financial Management Ltd, who provides amongst other things access to their lender panel plus compliance, training and credit support.

Under this agreement GVK Finance Limited has committed to adhering to set of practices which include:

• Ensuring products and services offered are most appropriate to the relevant Client’s needs;
• Maintain a good understanding of and abide by all legislation and practices of the mortgage industry;
• Conduct business in a fair and ethical manner on all occasions;
• Undertake necessary training and study to ensure their skills and knowledge are maintained at the level suitable to the functions they perform.

More information is available by contacting GVK Finance Limited.