Frequently asked financial questions

If you have any questions about your financial matters or a general issue, feel free to get in touch with us here.

1. Why choose RIVAL Wealth?

RIVAL Wealth offers:

  • a ‘full service’ approach to meet personal and business financial needs.
  • assistance with financial planning, wealth creation and investment strategies.
  • protection for your family and your business from life’s unexpected problems, with advice on the full range of insurances, including life cover, disability insurance and health cover.

We are a Wairarapa firm, providing advice New Zealand wide, with no alignment to any bank or insurance company. You deal directly with advisers who are focused only on delivering results to you, and take pride in their outstanding service.

2. Is the advice I receive impartial?

Yes.  Some financial advisers can only recommend products or services from one or a limited number of companies.

Our advisers can select products from across the whole market, depending on your financial needs.  We are not tied to any bank, investment firm or insurance company.

3. How much will advice cost?

This is understandably one of the most common questions we are asked.

You will not be charged for the initial consultation, and you are under absolutely no obligation to proceed. If you choose to go ahead we will clearly detail the likely charges, if any.

Most insurance products do not incur any charges as we get commission from the product provider. For investments, charges are a percentage of the assets under advice, which will be disclosed before you commit.

4. Are my investments and insurance held with you?

No.  We do not hold your assets or insure you. We act as brokers dealing with companies on your behalf to get you the best deal. Your investment or insurance is held in your name with a third party that we determine.

5. Will you review my plan in the future?

Yes, our industry has a bad stigma of selling something and not touching base regularly.

Our review process is our point of difference from our competitors; for example, would your bank call to discuss and review your KiwiSaver?.

We want to make long term relationships with our clients and have a quarterly newsletter that we send out to clients that keeps you up-to-date with the latest happenings in the financial world.

RIVAL Wealth is here to support you and your financial plan both now and in the future.

6. Will my adviser be fully qualified?

Yes.  We encourage our financial advisers to work towards a higher standard than the minimum proposed by the industry regulators. We also run a mentor system, where advisers can discuss issues and topics between each other.

Advisors will give you details of their qualifications and individual experience on request, as per the Financial Advisers Act 2008..

7. I’m not sure whether I really need advice; what should I do?

Many people are not certain they need advice. We have structured our service to ensure that you understand the benefits and costs before you make any commitment. There will be no charge for our initial consultation and we will make sure you are firmly in the picture before making a decision.

8. What happens if I don’t go ahead?

There is no obligation for you to act after our initial meeting, and if you don’t want to proceed there is no charge.

It would be helpful to us if you let us know why; your feedback will help us improve our services in the future.

9. How are you compensated?

For Risk insurance, general insurance, KiwiSaver, and regular investments, we are paid a service fee by the product provider involved. This varies depending on the product, but we will disclose this in the written advice that we present to you.

For lump sum investments including portfolio monitoring, We are solely compensated by advisory fees based on the value of assets we are managing. By charging a percentage of assets under advice, our incentive to perform is directly aligned with your investment objectives to take risk or achieve stability. The rates are quoted as annual percentages depending on the size of your portfolio and are taken monthly from your account balance.

Code of ethics

At RIVAL Wealth, we pride ourselves on our ethical business practises, by always putting the needs of our clients first.

You’ll also find a copy of the Code of Professional Conduct for Authorised Financial Adviser here.





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