Statement of Advice

My aim is to ensure that you are provided with quality advice tailored to your specific requirements. This SoA contains information about the advice and clearly articulates the recommended financial planning strategies and product recommendations including relevant information and disclosures.

Prepared for:

Date Prepared:

Prepared by: Authorised Representative Number #

Authorised Representative of Sentinel Private Wealth Pty Ltd | AFSL Number 344762

Important information about you

After our discussions and based on what you have told me, I understand your needs and objectives to be:

Your Personal Information

Occupation:

Date of Birth:

Marital Status:

Financial Dependants:

Your Current Superfund(s):

*Please note that the current superannuation information is based on either the information provided by the ATO directly and/or based on your information and therefore may not be complete. As your superannaution balance fluctuates daily, amounts shown can only be considered as a guide.

Scope of advice

This advice is provided in the following areas only: Superannuation Rollovers and Consolidation.

We have also briefly touched on insurance, however this will be recommended under a separate statement of advice. No advice has been provided at this time.

Your investor profile

Based on the answers to your risk profile question, You are considered to be a investor.

A roll-over is the transfer of a superannuation benefit to another superannuation fund or another superannuation plan of the same provider.

After considering your needs and objectives and examining your current superannuation arrangements I believe that transferring (referred to as ‘rolling over’) your current superannuation entitlements to an alternative superannuation fund would be appropriate. My examination highlighted deficiencies in the ability of your current superannuation funds to adequately meet your specific requirements.

I recommend that your superannuation benefits should be rolled over to Netwealth and invested as per the details below. Initially, I recommend leaving the minimum balance with your current superfunds to maintain any insurance it may hold. Once your new insurance is in place, we will transfer the remaining funds to your Netwealth account.

Investments

To invest in-line with your risk profile and to help you achieve your needs and objectives I recommend using a mix of Exchange Traded Funds to create a portfolio:

Outcomes and Advantages

Netwealth offers one or more of the following relevant features and benefits which are not available in your current fund: Access to a range of investments such as ETFs and Managed funds, better transparency to see your balance, returns and the individual investments. Netwealth also allows us to tailor your investments specifically to your risk profile instead of generic mandates of “Balanced” “Growth” etc.

Costs associated with the recommended superannuation fund will be less than the fees you are currently paying across your current superfund.

Netwealth allows you to see individual costs as they are taken from the account. Other providers build their costs into the balance of your account making it difficult to determine the effective total costs.

Exchange Traded Funds allow access to a wide range of both local and international exchanges. Exchange Traded Funds have lower fees than typical managed funds. Using Exchange Traded Funds will help you achieve your objective of increasing your current return.

Risks and Disadvantages

This recommendation may require trade-offs as all strategies contain both advantages and disadvantages. The important potential risks and disadvantages that may arise from this recommendation include:

Rolling over superannuation from one superannuation fund to another may incur management expenses and costs, including a taxation liability arising from the sale of the underlying investments represented in your superannuation account. Your current superfund(s) may also charge you a withdrawal fee, generally between $25 and $95.

When rolling over your existing superannuation you will generally lose entitlement to existing insurance coverage in that fund. Replacement insurance through your new superannuation fund may be more costly or even unobtainable, depending on the level of cover required, your age, and current state of health. Existing insurance arrangements should not be cancelled until such time as replacement insurance has been confirmed.

Where investments held in your current superannuation fund are sold prior to rolling over your benefit to another superannuation fund, a rising investment market may result in less investments being purchased within your replacement superannuation fund.

If you have made superannuation contributions to your current superannuation fund, and intend to claim a personal tax deduction for all or part of those contributions, it is imperative that you provide your current superannuation fund with a “notice of intention to claim a tax deduction” and that the notice be acknowledged before you roll your current superannuation over to the proposed fund. Failure to lodge this notice will result in the loss of a tax deduction.

All forms of investing involve risk. These investments are the same. There is no guarantee of a return, nor that the Exchange Traded Funds will meet your return objective.

A partial rollover has been recommended to maintain your insurance as your current insurance has not been reviewed. This means at this time your superannuation will not be completely consolidated into one fund.

Why my Advice is Appropriate

The above advice is to help you achieve your superannuation goals and outcomes.

You currently have multiple superfunds paying multiple annual fees. Consolidating your superannuation reduces annual fees but also allows for better tracking of your superfund.

Managed Funds also generally have higher fees than Exchange Traded Funds which erode your return. Your superannuation is also a long term investment. As such, we have recommended Exchange Traded Funds which track or mirror the exchanges. Exchange Traded Funds are used to allow access to a range of exchanges both locally and internationally. This provides significant diversification advantages, high access to your funds (no waiting periods to withdraw) and have very low overall management fees. We believe that these investments will help you achieve the highest return for your risk rating than through managed funds or through your current investments.

A key requirement was ease of access and transparency. Netwealth provides 24/7 access both online and via a phone app to your superfund. This gives you direct access to view not only your superfund balance, but also the investments and the individual returns for these investments.

You are also currently invested in investments different to your current risk profile being a investor. This advice will invest you in line with your current investment profile.

Netwealth has a broad range of investments which allows your superfund to be highly tailored to your current circumstances. It also allows for changes and updates should your circumstances change or based on market conditions.

I embrace the concept of Best Interests Duty and give priority to your interests ahead of my own. My commitment is to act in the best interests of you my client and to act honestly, professionally, fairly and objectively in the provision of financial services. The processes I follow demonstrate the priority I give to your interests ahead of my own. This document also forms part of the process of meeting my obligations under the Best Interests Duty. So that I can provide you with appropriate advice it is important that the information you provide is correct and current. Please continue to update me if and when your needs change so that I can ensure your advice is still current.

What else do you need to know?

What are our fees

Entity Charged	Super Balance	Initial %	Initial $	Annual %	Annual $
Superfund	$	4.40%	$	2.20%	$
Total	$	4.40%	$	2.20%	$

Advice fees are paid from your super fund.

You will have to pay other product fees for the underlying investments recommended. Make sure you read the PDS and ask us any questions you may have.

Remuneration allocation

Sentinel Private Wealth charge a flat annual fee for licensing services provided, and consequently, pay 100% of the total fees and commissions to Your Retirement Planner.

is an employee of Your Retirement Planner, and as such receives a regular income rather than remuneration directly linked to the advice provided in this SoA.