At Ungaro & Co, you can access fee-based, personalised financial advice in relation to most aspects of investing or building wealth.
Seeking advice from us doesn’t come with an expectation that you’re going to use us to implement a product of service.
Note that the fees you pay is subject to how long it takes to deliver and document financial advice. The hourly rate can change from time to time, and you’ll be emailed more information as part of the process of engagement.
We strongly believe in the power of financial advice to build better outcomes. For this reason, our service is great for those dipping their toes into formal advice for the first time, or for those seeking a second opinion. Take a few steps…implement…meet again…refine. This is how you get the best value.
Note that should you decide to engage us to implement insurance, KiwiSaver, or mortgages, our fees are almost always covered by the institution you’ve engaged us to approach.
Fees, expenses or other amounts payable for our financial advice
In order to strike a balance between ‘independence’ and ‘accessibility’, we have a unique remuneration model.
1 – Fees apply for financial advice, and commissions apply for implementation.
2 – No fees apply for to review a mortgage, insurance plan, or KiwiSaver, previously implemented by us.
3 – All clients have the choice to use us for advice only, advice and implementation, or implementation only.
For all financial strategy and fee-based sessions, fees are calculated based on how much time it takes to provide and document the advice provided to you.
The fee will be calculated at $380/hr +gst and it may take (on average) between 2 and 4 hours for all meetings.
Ungaro & Co has significant fixed costs to provide this service, so in some cases where mortgages or insurance policies have been implemented by us, but cancelled or fully repaid within 2 years we will charge a fee. The fee will be up to $2,000.00 including gst (if applicable) but may be waived in cases where we’ve been involved prior to the event. Whether a fee will be charged and the manner in which it will be charged will be advised when the advice is provided to the client. The fee will be payable by the client by the 20th of the month after the policy is cancelled or the mortgage repaid.
We will discuss and agree these fees with you before we proceed and explain how they are payable.
How we are remunerated
For life and health insurances, Ungaro & Co and the financial adviser receive commissions from the insurance companies on whose policies we give advice and implement. If you decide to take out insurance, the insurer will pay a commission to Ungaro & Co. The amount of the commission is based on the amount of the premium.
For mortgages, Ungaro & Co receive commissions from the banks with whom we arrange mortgages. If you decide to take out a mortgage, the bank will pay a commission to your financial adviser. The amount of the commission is based on the amount of the mortgage.
For KiwiSaver, Ungaro & Co receive commissions from the providers with whom we work with. If you decide to take out KiwiSaver through us, the provider will pay a commission to your financial adviser. In some cases, the fee will be collected on the advisers behalf through the provider. The amount of the fee is based on the amount of the KiwiSaver balance you have.
We offer the option of paying entirely by fees payable by you, to avoid any perceived conflicts of interest.