Our beginnings
Maxim Financial Markets (Maxim) was founded in 2014 by Wellington financial advisors, Peter Elenio and Terry O’Connor (since retired). Our goal is to develop a leading boutique investment advisory firm. In a very short time the business has grown as an increasing number of clients with different financial needs and aims have seen the benefits of what Maxim has to offer. Despite this success we have remained true to our founding principles, namely ensuring that the investment advice our clients receive is appropriate and delivered in a friendly, easy to understand manner.
How Maxim Financial Advisors get remunerated.
Maxim Financial Markets Limited charge fees for the services provided. Your Financial Advisor(s) do not charge you any fees personally. There are situations in which Maxim Financial Markets Limited will be paid commissions by other organisations. The quantum of that payment may be dependent on the decisions that you make.
Your Financial Advisor is required to tell you the specific fees, commissions, extra payments, and other benefits that have been received, or will, or may, be received in relation to the services and products that are provided to you. Your Financial Advisor must tell you these things before providing a service or product, if that is not practicable, as soon as practicable after providing that service or product.
Maxim Financial Advisors remuneration may be comprised of:
A fixed salary; and/or
Commission payment based on attaining a minimum threshold of income or percentage of revenue generated. In the case of reaching an income threshold, this will be pro-rated per month and commission paid if the achieved income is over the threshold. Revenue can take the form of any of the above listed under the fees Maxim will charge you for the financial advisor services provided; and
Bonuses which may be paid purely at the discretion of Maxim directors.
Note: Peter Elenio is a director of Maxim Financial Markets Limited (Maxim). Kevyn Hugh Rendell contracts services to Maxim Financial Markets Limited, who provide delivery and execution services and compliance support for services rendered.