License Status & Conditions:
Meta Financial Solutions Limited (FSP 1000335) holds a licence issued by the Financial Markets Authority (FMA) to provide financial advice. 

Michael Willoughby (FSP 738434) is authorised by that licence to provide financial advice.

Nature & Scope of Financial Advice:
Meta Financial Solutions and our advisers provides advice to our clients about mortgages/home loans, personal risk & health insurance, KiwiSaver, debt consolidation & asset finance as well as construction and development lending.

We only provide financial advice about products from certain providers:

• For mortgages, we work with AIA Go Home Loans [ASB] (formerly Sovereign Home Loans), ASB Bank, ANZ, BNZ, Co-Operative Bank, SBS, TSB, Westpac, Resimac, Bluestone, Pepper Money, Avanti & Liberty Finance and other lenders and Finance Companies that may fit your needs that will be disclosed.
• For life insurance, we work with– AIA, Asteron Life, Chubb (Cigna), Fidelity Life, Partners Life & Pinnacle Life.
• For health insurance, we work with – AIA, NIB & Partners Life.
• For Investment & KiwiSaver advice our product providers are – Booster, Generate & Milford.
• For asset finance & debt consolidation we work with NZCU, Basecorp Finance, Liberty Finance, Avanti Finance.

We do not give any legal or accounting advice. However, we have a vast network of professionals who we regularly refer clients to.

Fees, Expenses & Other Amounts Payable for our Financial Advice:
Generally, our services are free to you, and will come at no cost to you, as we are paid by the bank, lender or insurance company or KiwiSaver provider for our services. If there is a situation where our services will not be adequately remunerated by the lender/insurer, we will discuss this with you, prior to any advice being given or agreement for you to work with us is entered into. For example:

• Upfront Fee: we may charge a $250 + gst upfront fee to cover the costs for preparation of the work to either secure approval or provide advice.
• Commission Clawback: we may charge a fee for the financial advice provided to a client where a client cancels a life or health insurance policy within two years of inception or cancels a mortgage within 27-months of inception.
• Loan Application Fee: we may charge a fee in situations where no commissions are payable to me by the provider.
• Financial Modelling Reports: We may charge we may charge a fee for the time involved in preparing and presenting a Financial Modelling Report.

Conflicts of Interest & Incentives:
For life insurance and health insurance, Meta Financial Solutions and the financial adviser receive commissions from the insurance companies on whose policies we give advice. If you decide to take out insurance, the insurer will pay a commission to Meta Financial Solutions and your financial adviser. The amount of the commission is based on the amount of the premium.

For mortgages, Meta Financial Solutions and the financial adviser receive commissions from the banks with whom we arrange mortgages. If you decide to take out the mortgage, the bank will pay a commission to your financial adviser. The amount of the commission is based on the amount of the mortgage.

I also receive commission from KiwiSaver Providers we recommend. These commissions may include an upfront payment of up to $200 for each client that invests in the recommended KiwiSaver scheme, and/or an annual commission of up to 0.2 to 0.5% on amounts invested in the KiwiSaver fund

To ensure that our financial advisers prioritise the client’s interests above their own, we follow an advice process that ensures our recommendations are made on the basis of the client’s goals and circumstances.

All our financial advisers undergo annual training about how to manage conflicts of interest. We undertake a compliance audit, and a review of our compliance programme annually by a reputable compliance adviser.