Matt Willoughby Limited FSP702911 [trading as OneStop Financial Solutions] is the Financial Advice Provider.
You can contact us at:
Phone: 09 218 7602
Address: 2/15 Accent Drive, East Auckland, Auckland
Matt Willoughby Limited FSP702911 [trading as OneStop Financial Solutions] holds a transitional licence issued by the Financial Markets Authority to provide financial advice.
Nature & Scope of Advice
OneStop Financial Solutions provides advice to our clients about their mortgages, life and health insurances and KiwiSaver. Our financial advisers provide financial advice in relation to these financial products.
We only provide financial advice about products from certain providers:
For mortgages, we work with the following lenders
ANZ, ASB, BNZ, Sovereign, Westpac, SBS, Co-Operative Bank, Resimac, Bluestone, Liberty, Avanti
For Insurance we use the following companies
AIA, Cigna, Partners Life, nib, Fidelity Life, Asteron Life
For KiwiSaver we work with the following providers
Booster, NZ Funds, Generate
In providing you with financial advice, we will only consider existing term life products. We will not provide advice on existing whole of life or endowment products, so you would need to consult a specialist if you would like advice on those products.
Fees or Expenses
OneStop Financial Solutions may charge a fee for the financial advice provided to a client where the client cancels a Life or Health policy within 24 months of inception, or a mortgage/loan is discharged within a 27 month. This fee is to cover the costs required to be paid back to the lender or insurance provider by OneStop Financial Solutions. If a new insurance policy or mortgage is taken through OneStop Financial Solutions, then no fees would be payable. Whether a fee will be charged, the manner in which it would be charged and the amount will be clearly discussed with the client. The fee will be payable by the 20th of the month following the cancellation of the insurance policy or mortgage.
Conflicts of Interest & Incentives
OneStop Financial Solutions and our Financial Advisers receive commission from the providers on whose products we give financial advice (the insurers, banks and KiwiSaver providers). If you decide to take out insurance, a mortgage or sign up to a KiwiSaver provider, the provider will pay a commission to OneStop Financial Solutions and to your adviser. The amount of commission is based on the amount of the insurance premium, mortgage or KiwiSaver balance.
From time to time, product providers may also reward us for the overall business we provide to them. They may give us tickets to sport events, hampers or other incentives.
To ensure that our financial advisers prioritise the clients interests above their own, we follow an advice process that ensures our recommendations are made on the basis of the clients goals and circumstances. All our financial advisers undergo annual training about how to manage conflicts of interests, and the gifts and incentives we receive. OneStop Financial Solutions also undertakes a compliance audit, and a review of our compliance programme is undertaken annually by a reputable compliance adviser.