Disclosure Statement

Finly NZ Limited

This document provides key information to help you understand the type of advice I offer, enabling you to make informed and confident decisions when engaging my services.

Licensing Information

I am a Financial Adviser providing advice on behalf of Finly NZ Limited (Finly), a Financial Advice Provider licensed by the Financial Markets Authority (FMA).

  • Financial Advice Provider: Finly NZ Limited (Finly)
  • FSP Number: FSP1005326
  • NZBN: 9429051277512

Adviser Details

  • Full Name: Trent Charles William Adams (Trent Adams)
  • Registered Office: LOCKHART O'SHEA LIMITED, 9-11 Galatos Street, Newton, Auckland, 1140, New Zealand
  • Phone: 0800 443 040
  • Email: info@finly.co.nz
  • FSP Number: FSP1008980

Nature and Scope of Advice

I provide financial advice specifically related to obtaining loans for purchasing motor vehicles. My process includes:

  • Initial Consultation: Discussing how I can assist you and outlining our approach.
  • Understanding Your Situation: Gathering information to comprehend your car loan needs.
  • Creating Your Profile: Developing a detailed profile based on your requirements.
  • Researching Loan Providers: Recommending a car loan provider that aligns with your needs and budget.
  • Application Assistance: Helping you compile necessary documents and submit the loan application.
  • Loan Approval: Keeping you informed about the progress of your application.

Your Obligations

The advice I provide is based on the information you share regarding your financial position and vehicle purchase needs. It's crucial to provide accurate and complete information to ensure suitable advice. Incomplete or inaccurate information may lead to advice that doesn't meet your needs. If you have questions about why certain information is required, please ask for clarification.

Lenders and General Insurance Providers Assessed

I will assess the following car loan and insurance providers for your loan needs:

  • Finance Now
  • Branded Finance
  • Avanti Finance
  • Financial Holdings Limited
  • Broadlands Finance
  • UDC
  • Geneva Finance
  • Flexi Commercial
  • DPL Insurance - Autosure

Please note that other lenders are available to the public, and I will not be assessing all products' suitability for you.

Duties Information

I am bound by the duties set out in the Financial Markets Conduct Act 2013, which include:

  • Giving priority to your interests.
  • Exercising care, diligence, and skill when providing advice.
  • Meeting the standards of ethical behaviour, conduct, and client care as outlined in the Code of Professional Conduct for Financial Service.
  • Financial Holdings Limited
  • Maintaining competence, knowledge, and skill as required by the Code.

Fees and Commissions

I do not charge fees for the advice provided. However, I may receive commissions from lenders when you proceed with a loan through my recommendation. I will receive a commission under the following circumstances:

Commissions are paid to Finly in the month following settlement of your loan. Where your loan is paid out earlier than the full term of the loan, Finly may be subject to a clawback of these commissions on a pro rata basis.

Conflicts of Interest and Incentives

I adhere to a process that ensures recommendations are based solely on your individual goals and circumstances. I receive training on managing conflicts of interest and maintain a register to record any gifts or incentives received. Finly monitors this register and provides additional training as necessary. While I may use tools provided by lenders, such as risk profilers or loan selectors, these do not influence my assessment of suitable lending providers for you.

Reliability History

Neither I nor Finly NZ Limited have been subject to any reliability events as defined in the Financial Markets Conduct Regulations 2014. A reliability event includes matters that might materially influence you in deciding whether to seek advice from me or Finly, such as successful legal proceedings against us or recent bankruptcy.

Complaints and Disputes

If you're not satisfied with my financial advice service, please contact me directly to resolve your complaint within five working days. If we cannot reach a resolution, you can refer your complaint to our external Dispute Resolution Service, which is independent and free of charge:

  • Financial Services Complaints Ltd (FSCL) - A Financial Ombudsman Service
  • Phone: 0800 347 257
  • Email: complaints@fscl.org.nz

Privacy Policy & Security

I collect personal information in accordance with my Privacy Policy and regard client confidentiality as paramount. I will not disclose any confidential information obtained from or about you to any other person, except as outlined in my Privacy Policy. The operational software Finly and I use is secure and runs on Monday.com