Important information about our business

Foundry Asset Management Limited is a Licensed Financial Advice Provider issued by the FMA to provide financial advice services, we are also a Discretionary Investment Management Scheme Provider. Our Financial Service Provider Number is FSP 35303

Nature and Scope of financial advice services:

· Investment planning services.

· Discretionary investment management services.

· Kiwisaver investment strategies

· Retirement planning

Products we can provide financial advice about

· Direct shares, direct bonds (listed and unlisted)

· Managed funds including unit trusts, KiwiSaver, superannuation and Group Investment Funds

· Combined risk and savings

· tax paid investment bonds

· Private equity and venture capital investments

· Bank deposits and bonus bonds

· Government stock

· Commodity ETFs/funds

Product providers we use

We have no restrictions on placing investments with any product provider. Details of investment products in respect to which, I have a normal supplier relationship are provided under remuneration.

There is no contractual requirement, quota or agreement in place for Foundry Asset Management Limited to recommend certain supplier products or services.

Our fees

The fee we charged per annum is based on the percentage of the portfolio values we are managing on your behalf. GST is payable on all fees.

All fees will be deducted from the client’s Cash Transaction Account on monthly in arrears.

The Portfolio Management Fee per annum as a percentage of the portfolio values we are managing:

§ NZ$0 ~ NZ$2.5M: 1.3%

§ NZ$2.5M+: 0.67%

Please note that these are the maximum fees I charge and a reasonable estimate of what fees you will pay. The correct fees applicable for each client will be clearly documented in writing in the statement of advice which I will provide to you.

Fee rebates

In all instances, commissions and trails paid by the investment product provider for the funds invested by the client will be credited to the client’s Cash Transaction Account. It is my policy to rebate all commissions and trails for wrap clients.

Commission

There are situations in which [I/my employer/my employer and I/my principal/my principal and I] will be paid by other organisations. How much that payment will depend on the decisions that you make. (This only applies to Kiwisaver.)

Conflict of interest

The directors of Foundry Asset Management Limited are paid primarily by drawings and shareholder salary.

All advisors are paid based upon the client fee revenue growth.

Non-monetary benefits (soft dollar disclosure)

From time to time, Foundry Asset Management Limited may receive certain non-monetary benefits from product providers. This could include gratuities such as a bottle of wine at Christmas time, a pen or book, the occasional luncheon, drinks after a briefing session, invitations to sporting events.

How we Manage any conflict of interest

We manage any conflicts of interest in relation to the remuneration received by the company by making an upfront full disclosure of the fees and remuneration to the clients before they make their decision about proceeding with the recommendations made to them via the Statement of Advice. In addition, I use appropriate product research provided by Morningstar to ensure that the products I recommend to the client are suitable for their needs and are not influenced by the remuneration associated with them.

Our duties and obligations to you

Foundry Asset Management Limited and the financial advisors we engaged have duties under the Financial Markets Conduct Act to:

a) meet the standards of competence, knowledge, and skillset out in the Code of Professional Conduct for Financial Advice Services (Code), which is available on the Financial Markets Authority’s website (www.fma.govt.nz);

b) give priority to your interests;

c) exercise care, diligence, and skill;

d) meet the standards of ethical behaviour, conduct, and client care set out in the Code

Compliant process

If you have a problem, concern, or complaint about any part of the service, you may contact the internal complaints scheme by contacting Stephen Rogers – Director of Foundry Asset Management Limited on 09 302 2014.

If we cannot agree on how to fix the issue, or if you decide not to use the internal complaints scheme, you can contact the Insurance and Savings Ombudsman (“ISO”). This service will cost you nothing and will help us resolve any disagreements.

You can contact ISO at:

Address: Po Box 10-845,Wellington 6143,New Zealand Telephone number: 0800 888 202

Email address: http://www.iombudsman.org.nz/contact