Disclosure Statement
The information provided in this disclosure document is important
Name of Financial Advisor: Beryl Colley
Licence Number: FSP132544
Name of Financial Advice Provider (FAP): 360 Consulting Group (2019) Ltd
FAP Licence Number: FSP717631
Address: Level 2/20 Waterloo Road Lower Hutt
Telephone number: 04 9719990
Email Address:Â loans@bricksandmortgages.co.nz
It is important that you read this information
It will help you (the Client) make an informed decision whether we (Bricks & Mortgages and Beryl Colley) and our financial advice and products are suitable for your needs and whether to seek, follow or accept the Financial Advice. This Disclosure Statement is required under the Financial Markets Conduct (Regulated Financial Advice Disclosure) Amendment Regulations 2020.
What sort of Advisers are we?
360 Consulting Group (2019) Ltd is a  Financial Advise Provider licensed with the Financial Market Authority of New Zealand (FMA). Financial Services Legislation Amendment Act 2019 requires us to hold a current license for our Advisor Beryl Colley to provide Financial Advice Services to our Clients.
What Financial Advice can we provide to you?
Beryl From Bricks & Mortgages is able to provide financial advice on mortgage lending, personal risk insurance and Kiwi Saver and Superannuation.
Residential Home Loans
Property investing loans
Bridging Finance
Building and Construction Lending
Personal and Vehicle Loans
Reverse Annuity / Equity Release
Life Cover and Accidental Death Cover
Disability Income Protection Cover
Trauma Cover
Total and Permanent Disability Cover
Mortgage Protection Insurance Cover
Medical and Health Insurance Cover
We have access to the following Finance Providers:
ANZ Bank New Zealand Limited
ASAP Finance Ltd
ASB Bank Limited –
Avanti Finance
Bluestone Servicing NZ Limited – Select
Bank of New Zealand
Credit Union Baywide trading as NZCU Baywide
Cressida Capital
First Mortgage Trust
General Finance Limited –
Gold Band Finance Limited
Heartland Seniors Finance – owned by Heartland Bank
Liberty Financial
NZ Mortgage Income Trust
Pepper Money
Prospa Advance Pty Limited
Resimac NZ Home Loans Ltd
Sovereign Home Loans –Southern Cross Financial
The Co-operative Bank
Westpac New Zealand Limited
We are limited to working with the following Personal Insurance Providers:
AIA New Zealand Limited
Asteron Life Limited
Cigna Life Insurance NZ Limited
Fidelity Life Assurance Company Limited
Nib NZ limited
Partners Life
We are limited to working with the following Fire & General Insurance Providers
AON New Zealand Limited – Administration of this insurance and claims handling services are managed by Aon New Zealand
AON Stylecover – underwritten by Vero New Zealand
Blanket Insurance – Hollard Insurance Company Pty Ltd. Administration and claims handling by Ando Insurance Group Limited
We are limited to working with the following KiwiSaver Providers:
- NZ Funds – Limited advice
How We Get Paid:
Bricks & Mortgages receives commissions when you accept our financial advice and purchase an insurance policy, proceed with a loan or signs up for a KiwiSaver .
A commission is paid to us from a Lender and in addition to this we may be paid a small ongoing commission to look after your business on behalf of the bank company. Sometimes the lender will pay a one off fee to assist in refixing your loan. The upfront commission will range from .65% to .85% of the loan depending on the lender. Some lenders may pay an on going trail commission instead of an annual refix fee. This is fully disclosed a the time of your application approval
If using a Non bank lender there may be a fee that is charged. This is fully disclosed at the time of the application
A commission is paid by the insurer on each insurance policy. Most of this is paid up front with a small ongoing portion paid on a regular basis to look after your business on behalf of the insurer.
For NZ Funds Kiwi Saver: Up to $300 for onboarding anew client and up to .02% servicing commissions
What fees do we charge?
Generally Bricks & Mortgages and Beryl Colley do not charge any fees and rely completely on the commissions paid by the providers. In some instances where the loan will is more complex and will take more time to complete then we may discuss an additional fee before starting and this would be disclosed in the scope of service.
The lender may pay us a commission if you decide to take up our advice and when your loan settles. However, I may charge you for the financial advice that I provide if you cancel or refinance your mortgage within the first 28 months after it settles.
Bricks & Mortgages may also charge a fee of up to $500 to cover the costs of arranging a finance pre approval should the applicant not proceed with a pre-approval within 6 months, withhold information affecting the application, not proceed due to engaging the services of another broker or lender directly prior to, during or after the process of pre-approved finance.
Duties
Beryl Colley and anyone who gives financial advice on our behalf, have legal duties relating to the way that we give advice.
We must:
give priority to our clients’ interests by taking all reasonable steps to make sure our advice isn’t materially influenced by our own interests;
exercise care, diligence, and skill in providing the advice;
meet standards of competence, knowledge and skill set by the Code of Professional Conduct for Financial Advice Services (these are designed to make sure that we have the expertise needed to provide you with advice); and
meet standards of ethical behaviour, conduct and client care set by the Code of Professional Conduct for Financial Advice Services (these are designed to make sure that we treat you as we should and give you suitable advice).
How do we act with Integrity?
To ensure that we and our advisers prioritise your interests above our own, we follow an advice process that ensures recommendations are made based on your individual goals and circumstances. Beryl Colley completes annual and ongoing training about how to manage conflict of interests and a register of interests is maintained. We monitor these registers and access additional training where necessary. We perform an annual review of our compliance programme.
You should be aware there may be potential conflicts of interest that you the Client may need to take into consideration when you decide to seek and accept financial advice from Beryl Colley we will make you aware of any conflicts when giving advice.
How can you depend on the Advice you receive?
We have not been subject to any adverse events that would influence you the Client in deciding whether to seek or obtain advice from us or our Adviser’s.