Publicly Available Disclosure
Important Disclosures
Clearpath Advisory Limited is a Licensed Financial Advice Provider issued by the FMA to provide financial advice services. Our Financial Services Provider Number is FSP1008253.
Providers & Advice Type
Nature and Scope of Financial Advice Services: Our services include:
- Advise to clients in relation to finance for property across banks and non-bank lenders.
- Advice for business and commercial loans.
Products We Can Provide Financial Advice About:
- Loans including mortgages, and personal finance.
- Business loan products such as term loans, line of credit facilities and invoice finance.
Product providers I work with:
ANZ, ASB, The Co-operative Bank, Heartland Bank, SBS, ASAP, Avanti, Basecorp, Bizcap, The Co-operative Bank, Cressida Capital, DBR, FMT, Funding Partners, Pallas Capital, Pepper Money, Plus Finance, Prospa, Southern Cross Partners and Unity.
We do not provide financial advice services relating to:
- Legal or estate planning (e.g. wills, trusts, contracts, etc.)
- General Insurance advice
- Personal Insurance advice
- Investment products (e.g. shares, bonds, managed funds, KiwiSaver, etc.)
You will need to consult an appropriate specialist if you would like advice on the above.
Commissions and incentives
For services in relation to insurance, investments, or loan products, commissions may be paid by
the product provider as follows:
- Initial commission: a percentage of the value of your investment contributions, loan balance, or insurance premiums
- Referral fee: a one off fee for referring a customer who then signs up for services
- Ongoing commission: a percentage of the value of your investment balance, outstanding loan amount, or premiums, usually calculated at the end of each month in which you hold the investment or loan, or on renewal of insurance products.
Conflicts of interest
I am paid commissions by lenders when a mortgage settles and in some cases at the mortgage anniversary each year.
I ensure that I prioritise your interests by following an advice process that considers your circumstances and goals. I research suitable products and providers to ensure the advice meets your needs.
I also undergo annual training on how to manage any conflicts of interest and record any conflicts in a register that we review and manage.
Clearpath Advisory Limited advertises on Finance.co.nz to generate business leads. I am a director of Finance.co.nz
Clearpath Advisory Limited is subject to a yearly audit and compliance reviews to ensure we meet our obligations while doing right by our clients.
Fees and expenses
I do not charge you a fee if you decide to take a loan. The lender may pay Clearpath Advisory Limited a commission if you decide to take up our advice and when your loan settles.
This commission is based on the understanding that your loan will remain with the lender for at least two years. However, if you happen to cancel or refinance your mortgage within the first two years after settlement, the lender may request repayment of that commission. In this instance, there may be a financial advice fee.
While most arrangements take between 10 and 12 hours to complete at an hourly rate of $208.33, your maximum fee won't exceed $1500. You’ll receive an invoice for this fee, which will be payable within 14 days. The invoice will include all the necessary payment details.
Reliability history
A reliability event is something that may materially influence your decision on seeking advice from Clearpath Advisory Limited or from me. Some examples of reliability events are legal proceedings against me or if I had been bankrupt in the last four years.
Neither Clearpath Advisory Limited nor I have been subject to a reliability event.
Our complaint processes & disclosure
Our internal complaints process
Our internal complaints manager is Mike Fraher who can be reached via email at mike@clearpathadvisory.co.nz or 021 954 956. He will reply to you within 2 working days.
Our internal complaints handling process is as follows
- To lodge a complaint, please email your complaint to our internal complaints’ manager: mike@clearpathadvisory.co.nz
- We will reply to you within 2 business days.
- We will aim to resolve your complaint within 10 working days.
Our external complaints process
If we cannot agree on how to fix the issue, or if you decide not to use the internal complaints scheme, you can contact our external disputes resolution scheme – Financial Services Complaints Limited (FSCL). This service will cost you nothing, and will help us resolve any complaints.
You can contact Financial Services Complaints Limited (FSCL) at:
Letter address: Financial Services Complaints, PO Box 5967 Wellington 6145
Phone number: 0800 347 257
Email address: complaints@fscl.org.nz