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Financial Services Guide
Financial
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ServicesGuide
The financial services we provide and how we will work alongside our clients to help you achieve your goals.
At , we want to make sure you are always informed of all the options, costs and benefits of the advice we provide to you.
Before we provide you with financial advice, you should read this Financial Services Guide (FSG). It contains the following important information to help you decide whether to use our services:
We recommend you read and understand this FSG before you engage us to provide you with any financial services. If you have any questions, please get in touch with us.
Apiarium Wealth 2 Pty Ltd trading as is a Corporate Authorised Representative of Capella Advisory Pty Ltd.
Capella Advisory Pty Ltd
ABN 54 669 300 163
AFSL 550125
Capella Advisory authorises and its Financial Advisers (sub authorised representatives) to provide a range of personal financial advice and services to you. This FSG informs our retail clients of the financial services provided by us, and is designed to assist and inform you of our services and if they are appropriate to you.
This FSG also includes Part B — the Financial Adviser's profile — which outlines more information about your Adviser, including contact details, experience and qualifications. You should read these two documents together.
is not independent, impartial or unbiased within the meaning of section 923A of the Corporations Act 2001 because:
Apiarium Wealth 2 Pty Ltd t/a is a Corporate Authorised Representative of Capella Advisory Pty Ltd.
is owned by associated entities and investment vehicles. Some shareholders may also hold interests in other financial services businesses.
These ownership interests do not influence the advice provided to clients and conflicts are managed under the Licensee's Conflicts Management Policy.
Your Adviser is a sub authorised representative of to provide financial product advice in relation to, and deal in, certain financial products and services. will be responsible for any financial services that your Adviser is authorised to provide to you.
The Adviser profile (Part B) contains important information about your Adviser including details of their education and qualifications, what advice they can provide, and how they are remunerated.
We aim to provide personalised advice solutions tailored to your needs and objectives. We undertake continuous professional development so that we are up to date with legislative changes to superannuation, investment, social security and tax environments. We have access to technical, risk and investment research professionals who provide additional analysis on strategies and products.
Most importantly, we turn your thoughts into action. We work with you to get the basics right and ensure you have a plan to achieve your goals over time.
We may provide advice in areas including:
We are authorised to provide financial product advice and deal in the following financial products:
These services may be provided to retail and wholesale clients.
Capella Advisory also authorises the provision of Managed Discretionary Account (MDA) services.
Where appropriate, your adviser may recommend an MDA service available through Capella. An MDA service allows an approved investment manager to make investment decisions on your behalf within an agreed Investment Program.
Before any MDA service is established you will receive a separate MDA Contract and Investment Program, which explains how the service operates and the fees that apply.
To develop a successful financial strategy, we need to consider your personal circumstances and financial needs, goals and objectives. We will ask you for information about your personal circumstances when we meet with you.
You have the right not to provide us with personal information. However, without this information, or if it is inaccurate, the advice you receive may not be appropriate for your circumstances. It is also important that you keep us up to date by informing us of any changes in your circumstances.
You can deal with us in person, by phone or email. Our initial advice will be provided to you in a Statement of Advice (SOA). We will maintain a Record of Advice (ROA) for any further advice and/or reviews we provide to you.
If we recommend or arrange a financial product for you, we will provide you with a Product Disclosure Statement (PDS) or Investor Directed Portfolio Service (IDPS) guide as applicable. These documents contain the key features of the recommended product, including its benefits, risks and costs. You should read any warnings carefully before making any decision.
You have the right to request a copy of these documents up to seven years after the advice was provided by contacting your Adviser.
You have the opportunity to enter into an annual Ongoing Fee Arrangement (OFA) with , which sets out the terms of our ongoing services to you, including fees. We will invite you to renew the OFA each year. Our standard terms of business can be found at /terms
As part of the financial planning process, we need to collect information about you and maintain a record of your personal information. We are also required under the Anti-Money Laundering and Counter-Terrorism Financing (AML-CTF) Act 2006 to implement client identification processes. We will need you to present identification documents such as passports and driver's licences.
and its advisers will take reasonable steps to protect your information from misuse, loss, and unauthorised access. We are bound by the Australian Privacy Principles (APPs) established under the Privacy Amendment (Enhancing Privacy Protection) Act 2012.
You can request access to the information we hold about you at any time to correct or update it. If you wish to examine your file, please make a request in writing and allow up to 10 working days. A fee may apply to cover the cost of verifying, locating, retrieving and/or copying material requested.
For a copy of our Privacy Policy visit /privacypolicy
Another Adviser may be appointed to you if your existing Adviser leaves or is unable to attend to your needs due to extended absence. will write to you advising you of the change and your personal information will be passed on to the new Adviser.
All advice fees are payable to Capella Advisory Pty Ltd (the Licensee). The Licensee may then pay a portion of these fees to for providing financial advice and related services.
All fees will be fully disclosed and agreed with you before any services are provided.
For ongoing advice services, the fee structure that applies to you will be documented in your Ongoing Fee Arrangement (OFA) and confirmed annually.
| Fee Type | Typical Range | How It Works |
|---|---|---|
| Initial Advice Fee | $3,000 – $25,000 (incl. GST) | Charged for preparing and presenting your financial plan or Statement of Advice. The fee depends on the complexity of your circumstances and is agreed before work begins. |
| Ongoing Advice Fee | Fixed fee, asset-based fee, or a combination | If you choose ongoing advice services, the fee may be structured as a fixed annual fee, a percentage of assets under management, or a combination of both. The exact structure and amount will be agreed with you and set out in your OFA. |
| Asset-Based Fee (where applicable) | Up to 0.88% p.a. of funds under management | In some cases, ongoing services may include a fee based on the value of investments managed or advised on. Tiered pricing may apply depending on the level of assets. |
| General Advice Fee | $220 – $3,300 | May apply where limited scope or general financial advice services are requested. |
| Ad Hoc / Hourly Advice | $440 – $660 per hour (incl. GST) | Applies where clients require specific advice services outside an ongoing service arrangement. |
We receive a one-off upfront commission when you take out an insurance policy we recommend. The upfront commission will be between 0% and 60% of the first year's annual premium. We also receive an ongoing commission of between 0% and 20% of the annual premium for as long as you hold the policy.
For an insurance product with an annual premium of $2,000, where the issuer pays us an upfront commission of 60%, we will receive $1,200. The issuer will pay us 10% ongoing — equating to $200 per year.
If we recommend you buy or sell shares, we may charge a percentage fee of the value of the trade when we arrange it for you, in addition to the brokerage charged by your stockbroker.
Capella Advisory Pty Ltd and its authorised representatives may engage external investment consulting or portfolio support providers to assist with investment research, portfolio construction and implementation.
One such provider is Arc Point OCIO, which provides outsourced investment consulting services. Capella Advisory Pty Ltd does not hold any ownership interest in Arc Point OCIO and receives no financial benefit from the services provided by Arc Point OCIO. Where these services are used, Capella pays fees for those services.
Arc Point OCIO is an external investment service provider that may be available for use by Capella Advisory Pty Ltd and its authorised representatives.
Neither Capella Advisory Pty Ltd nor receives any additional commission or fee because Arc Point OCIO is used.
Some parties associated with the broader ownership structure of authorised representative businesses may hold indirect interests in entities associated with Arc Point OCIO. Any such interests are identified, disclosed where relevant, and managed under the Licensee's Conflicts Management Policy.
Advisers are not required to only use Arc Point OCIO and other investment solutions may be recommended.
The Licensee and its authorised representatives may from time to time engage external investment research, portfolio consulting, model portfolio or investment management providers to assist with investment analysis, portfolio construction and implementation services. These providers may change over time. Where any ownership interests or potential conflicts exist they will be disclosed and managed in accordance with the Licensee's Conflicts Management Policy.
The Licensee maintains policies and procedures to manage any conflicts of interest that may arise from these relationships.
Capella Advisory Pty Ltd maintains policies and procedures to identify and manage conflicts of interest.
Some authorised representatives or shareholders of authorised representative businesses may hold interests in financial services businesses or investment opportunities that may be recommended to clients. Where such relationships exist they will be disclosed and managed in accordance with the Licensee's Conflicts Management Policy.
It is important for you to understand the relationships that exist between us and other service providers, as they may be considered to influence our recommendations to you. We are not owned by any Financial Product issuer or Service Provider.
| Partner | Service | Revenue Sharing |
|---|---|---|
| Alcove ABN 99 168 628 073 · Auth. Credit Rep. of Canopy Private Pty Ltd AFSL 558709 |
Mortgage broking, commercial financing & leasing | Licensee receives 20% of all upfront and ongoing commissions. Example: $500,000 loan = $650 upfront + $150 ongoing. |
| Omnisure Corp. Auth. Rep. of Multi Secure Insurance Solutions Pty Ltd AFSL 227724 |
Insurance services | 20% upfront and ongoing revenue sharing. |
| Orbital Life N F Financial Specialists Pty Ltd t/a Orbital Life is a Corporate Authorised Representative of MBS Advice Licence Pty Ltd ABN 25 654 854 136 AFSL 536983 |
Life insurance services | 20% upfront and ongoing revenue sharing. |
These services are not provided under the Capella Advisory AFSL. Capella Advisory does not train, support or supervise these services and has no responsibility in relation to them. is not responsible for advice, services or information provided by any of these related entities. You are under no obligation to use the services of any of these related entities.
If we have referred you to another professional adviser (e.g. an estate planning specialist or tax agent) we do not receive a referral fee from that referral.
Many of our authorised representatives and staff are members and affiliates of the Financial Advice Association Australia (FAAA). FAAA members are committed to a code of ethics and professional conduct.
The Licensee holds professional indemnity insurance in respect of the financial services we provide. This insurance complies with the requirements of the Corporations Act 2001 (Cth) and covers all financial services we are authorised to provide to you.
We endeavour to provide you with the best advice and service at all times. If you are not satisfied, please contact the Licensee. We accept complaints over the phone, in person, via email, letter or social media. The Licensee will endeavour to resolve your complaint within 5 business days.
If you do not receive a satisfactory outcome or the Licensee does not respond within 30 days, you have the right to complain to:
You may only contact AFCA once you have followed the above internal complaints procedure. Our Complaints Handling Procedure is available at capellaadvisory.com.au
Ben Whitwell has extensive experience in the financial planning industry and has been a professional Financial Adviser since 2000. Ben started the Bathurst office in 2004.
ASIC AR Number: 264734 · Authorised Representative of Capella Advisory ABN 54 669 300 163 AFSL No 550125
Ben is an employee of and is remunerated through a salary and may receive performance-based bonuses. Ben does not hold an ownership interest in the advisory business or the Licensee.
The Licensee has authorised Ben to provide personal advice and dealing services to retail clients for the following financial products:
Karam Singh has extensive experience in the financial planning industry and has been a professional Financial Adviser since 2016.
ASIC AR Number: 1244753 · Authorised Representative of Capella Advisory ABN 54 669 300 163 AFSL No 550125
Karam is paid a base salary and does not receive commissions from product issuers. However, Karam is a director and beneficiary of Riarsingh Investments Pty Ltd ATF Sadhu Investment Trust which owns shares on issue in CMP Retail Unit Trust which owns Apiarium Wealth 2 Pty Ltd T/A Eightfold Advisory and shares in the profits that Eightfold Advisory makes.
The Licensee has authorised Karam to provide personal advice and dealing services to retail clients for the following financial products:
Kim Baxter has extensive experience in the financial planning industry and has been a professional Financial Adviser since 2018.
ASIC AR Number: 1265411 · Authorised Representative of Capella Advisory ABN 54 669 300 163 AFSL No 550125
Kim is paid a base salary and does not receive commissions from product issuers. However, Kim is a director and beneficiary of Kimbax Investments Pty Ltd ATF Baxenrud Investment Trust which owns shares on issue in CMP Retail Unit Trust which owns Apiarium Wealth 2 Pty Ltd T/A Eightfold Advisory and shares in the profits that Eightfold Advisory makes.
The Licensee has authorised Kim to provide personal advice and dealing services to retail clients for the following financial products: