DISCLOSURES

Thompson McNeill Limited trading as Thompson McNeill, holds a licence issued by the Financial Markets Authority to provide financial advice.

We aim to help you through every step of the financial advice process.

Thompson McNeill provides advice to our clients about their mortgages, life, income and trauma insurance, health insurance and KiwiSaver.

Jerome McNeill

Authorised Financial Adviser
03 281 8605
027 657 1825
jerome@thompsonmcneill.co.nz
27 Highland Place, Avonhead,
Christchurch 8042
Financial Service Provider (FSP) #724351

PROVIDERS

Our financial adviser Jerome McNeill provides financial advice about products from certain providers:

  • For mortgages we work with four banks – ANZ, Westpac, Co-operative and ASB Banks. We also work with non-bank lenders Resimac and Sovereign Home Loans.

  • For life insurance we work with four companies - Fidelity, Asteron, Partners Life and AIA Life Insurance Companies

  • For health insurance we work with two companies – Nib Health and Accuro Health

  • For KiwiSaver we work with one company – Generate KiwiSaver

 

COMMISSIONS

For Life, Income, Trauma and Health Insurance Thompson McNeill and the financial adviser receive commissions from the insurance companies on whose policies we give advice. If you take out an insurance product with us the insurer will pay a commission to Thompson McNeill and the adviser.

The amount of the commission is based on the amount of the annual premium payable. It is paid as an initial upfront payment followed by an annual servicing or renewal commission. The initial upfront commission will vary between 140% and 180% of the annual premium. The annual renewal commission payment will vary between 5% and 17% of the annual premium payable.

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

The commission paid will be .7% to .85% of the loan amount. One bank will pay an upfront commission equal to .6% of the loan amount. A renewal commission of .2% of the loan amount will then be paid annually until the loan is repaid.

For KiwiSaver Thompson McNeill and the financial adviser receive a commission payment. If you take a KiwiSaver product with us the product provider will pay up to $240.00 and an annual commission equal to .25% of the annual contribution to KiwiSaver.

CONFLICT OF INTEREST MITIGATION

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

Our financial adviser undergoes training on how to manage conflicts of interest on a regular basis. Our adherence to compliance requirements and our compliance program is audited annually by a reputable compliance adviser.

DO WE EVER CHARGE FEES?

On the majority of occasions Thompson McNeill and the Adviser are paid a commission as detailed above. However a fee may be charged if a mortgage is repaid or a life or health insurance policy is cancelled within 27 months of inception. The fee will be based on the commission that the product provider requires the adviser to repay, and an assessment of the time involved in providing the financial advice to the client. The fee will be discussed fully with the client prior to an invoice issue.

WE PUT YOUR INTERESTS ABOVE OUR OWN / COMPLAINTS

If you are not satisfied with our financial advice service you can make a complaint by emailing jerome@thompsonmcneill.co.nz , or by calling (03) 2818605. You can also write to us at 27 Highland Place, Avonhead, Christchurch 8042.

When we receive a complaint we will consider it by following our internal complaints process. We will look at your complaint and advise you how we intend to resolve it. We aim to resolve complaints within 10 working days. If we can’t resolve your complaint you can contact the Insurance and Savings Ombudsman at:

Level 2/70 The Terrace

Wellington Central

Wellington 6011

I AM REQUIRED TO DO WHAT IS RIGHT

I am bound by the duties of the Financial Markets Conduct Act to:

  • Meet the standards of competence, knowledge and skill set out in the Code of Conduct

  • Give priority to the client/s interest and exercise care, diligence, and skill, and meet the standards of ethical behaviour, conduct, and client care set out in the Code of Conduct.

 

JEROME MCNEILL - YOUR FINANCIAL ADVISER

Phone: 027 6571825

Email: jerome@thompsonmcneill.co.nz

Financial Service Provider (FSP) number is 58742

Jerome McNeill is your financial adviser and providing the advice on behalf of Thompson McNeill.

I am qualified holding the National Certificate in Financial Services Level 5. The qualification strands are:

Investment, life, health & disability, and residential lending.

I have been providing financial advice on a wide range of products and services since 2001. Prior to that I was employed by Financial Services Companies AMP Society and National Mutual Group. My roles included management, money market dealing and supervision and Business Insurance Advisory to Financial Advisers.

I am a foundation member of professional body Financial Advice New Zealand.

I HAVE DUTIES TO PERFORM

I am bound by the duties of the Financial Markets Conduct Act to:

  • Meet the standards of competence, knowledge and skill set out in the Code of Conduct.

  • Give priority to the clients’ interest and exercise care, diligence and skill and meet the standards of ethical behaviour, conduct, and client care set out in the Code of Conduct.

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