Personalised Investment Advisory

This is an on request personalised advice service. Offering you the flexibility to get personalised advice when and if you need it in relation to your investments and financial products, with access to research on markets, securities, and financial products. If you do not request Personalised Investment Advisory you shall default to receiving our Transactional Broking service. There is no formalised arrangement for the ongoing monitoring, review, management or reporting of your investments by MFM or your Investment Advisor.

Principal Benefits:

  • Access to an advisor for objective advice and opinions in relation to suitability of potential or existing investments, markets and/or general/specific information regarding most asset classes, which is personalised and considers your financial situation, goals, needs and tolerance for risk.

  • Access to investment research. Advice is based on MFM’s extensive research network and capability and on the individual skills and experience of MFM Investment Advisors.

  • Order placement and execution.

  • Upon request availability of portfolio reviews of your investments with advisor commentary regards your portfolio, performance, and structure.

Principal Risks:

Responsibility for ensuring personal information is current lies with you. If your MFM Investment Advisor does not have all relevant or current information there is a risk that advice provided may not be suitable.

You are responsible for seeking timely advice, should you need it. For that reason, this service is only suitable for you if you accept responsibility for the ongoing proactive monitoring, performance assessment, and management of your investments.

Assets are directly held, and there is no Safe Custody (or Nominee Service) or online service platform (or Wrap Service) to facilitate automation of administrative functions such as the processing of dividend/interest income payments, actioning corporate actions and other entitlements associated with your investments.

Fees and Charges

Brokerage and Trade Fees - shall have two-day payment terms. All other fees and charges shall have mutually agreed payment terms, charged in arrears of service. All fees listed are inclusive of GST unless it is otherwise stated.

Brokerage Fee (Secondary Market) - Up to 1.5% of the dollar value transacted subject to a minimum brokerage charge of $75.00. This is inclusive of fees charged by the executing broker.

Trade Fee - Up to $10.00 per secondary market order transacted. This is not received by Maxim; in effect the client pays it to the exchange advising participant or the third party capable of executing the security transactions.

Custody Fee (For global equities held outside of a Custodial Wrap arrangement) - Up to 0.25%

Ongoing Monitoring (Includes quarterly and annual portfolio reviews and reports) - Only if requested. Up to 1.00% of the market value (in New Zealand dollars) per annum inclusive of GST, of the funds managed or advised on.

On Request -Personalised Investment Portfolio Reports and/or Investment Plan - Up to $995 + GST, at $160 per hour + GST for a written personalised investment plan review or establishment advice produced on request. A written report can be produced giving strategic personalised investment advice on the investment portfolio design and plan. This could be requested as establishment advice or as a periodic review.

Miscellaneous fees and charges - Any charges or penalties imposed by another broker, share registry, custodian, NZX or other recognised securities exchange, or authority including, without limitation, stamp duty, shunt fees, charges or penalties imposed as a result of late or non-delivery of scrip, holder identification particulars, shareholding registration numbers or any other information or requirements. This is charged by a third party and any costs incurred will not be returned to Maxim.

Other financial advice - We will quote fees for such work on a case-by-case basis.

View: Maxim Client Agreement Terms and Conditions