Compound Pro is Compound Wealth’s KiwiSaver advice offering for investors in the KiwiWrap KiwiSaver Scheme. The KiwiWRAP KiwiSaver Scheme is an innovative self-select KiwiSaver scheme designed to enable investors the ability to hand-pick their investments from an extensive Authorised Investment List (AIL). KiwiWrap Investors have access to over 400 securities (ETF’s, funds, international shares and bonds) allowing them to build an investment portfolio that suits their goals, needs and appetite for risk with guidance from a Compound Wealth adviser. This scheme is ideal for sophisticated investors who want customisable investment choices, more control over their retirement savings, and full transparency of their holdings.

CompoundPro requirements:

Investors who take a long-term view with their KiwiSaver investment and not look to speculate and or trade frequently.

Investors must maintain a least a 1% allocation to cash to pay for fees monthly.

Trades would be limited to 5 per annum.

Inflows will only be invested when directed by you (some clients build cash up and trade every 6months for example).

You qualify as an eligible investor and understand the risks associated with self-managing your own KiwiSaver investment.

If you do not meet these requirements you can still get personalised KiwiSaver advice from us. Please complete our KiwiSaver Discovery Quiz for a complementary KiwiSaver report.

An eligible investor is legally defined as a person who has sufficient knowledge and experience dealing in financial products that enables them to sufficiently assess the merits and risks of a transaction. To confirm that you are an eligible investor you need to complete an Eligible Investor Certificate which certifies that you have sufficient experience to manage your own retirement savings.

KiwiWRAP KiwiSaver Scheme is not available to all investors.

To join the KiwiWRAP KiwiSaver Scheme through Compound Wealth, you must meet the eligibility requirements, have a minimum initial balance of $100,000, and throughout the duration of your membership of the Scheme, you must continuously retain the services of a professional financial adviser who is accredited to advise on the KiwiWRAP KiwiSaver Scheme by Consilium. Due to its design around choice, KiwiWRAP KiwiSaver Scheme is designed for investors at the top marginal tax rates.

The Scheme is not a portfolio investment entity (PIE) therefore tax is charged at a flat rate of 28% and is not included in the investor’s personal tax return.

The Product Disclosure Statement details the roles of the different parties in the Scheme.

Consilium NZ Limited (Consilium) is the Manager of the KiwiWRAP KiwiSaver Scheme and the operator of Consilium Wrap, where investments can be viewed. Consilium works with over 100 independent and professional advisers. Consilium does not handle investor funds and is not a custodian. You can find out more about Consilium and Consilium Wrap at www.consilium.co.nz and www.consiliumwrap.com.

FNZ Custodians Limited and FNZ Limited are custodian and administrator of the Scheme respectively, and jointly referred to as FNZ. FNZ provides custody and wrap software services to global financial institutions and to several large New Zealand banks. FNZ Custodians Ltd holds investor funds in its name as a bare trustee for the benefit of the Scheme members. You can find out more about FNZ at www.fnz.com.

Trustees Executors Limited is the Supervisor of the KiwiWRAP KiwiSaver Scheme. The Supervisor is responsible for ensuring that Consilium NZ Limited as the Manager and FNZ Custodians Limited as the Custodian of the Scheme are performing their respective duties and acting in the best interests of the Scheme’s members. Both the Manager and the Custodian provide regular detailed Scheme reporting to the Supervisor. Trustees Executors Limited was established in 1881, and is New Zealand’s oldest trustee company. As well as being a Licensed Financial Markets Supervisor, the company provides other services such as fund administration. You can find out more about Trustees Executors Limited at www.trustees.co.nz.

Please refer to the Investment Option Supplement for a full list of the underlying investment fees.

KiwiWRAPs Annual Scheme fee = 0.29% excluding GST

Compound Wealth ongoing monitoring fee = up to 0.75% per annum excluding GST. The ongoing adviser fee is deducted from your Personal Plan monthly in arrears and is based on the daily balance of your Personal Plan.

Yes.

You can transfer your KiwiSaver investment balance to any other KiwiSaver provider at any time.

Please refer to the KiwiWRAP KiwiSaver Scheme’s most up to date Investment Options Supplement to see what investment options are currently available to members.

The KiwiWRAP KiwiSaver Scheme accepts direct transfers of superannuation from complying Australian superannuation schemes. The KiwiWRAP KiwiSaver Scheme will record the details of how much was transferred from the Australian scheme, as these funds cannot be used for any withdrawals, unless allowed under the KiwiSaver Rules. For more details, see the Transfer Australian Superannuation form under Documents on the KiwiWRAP website.

Yes. The KiwiWRAP KiwiSaver Scheme claims back the adviser fee and credits this back to the Member’s Personal Plan. The Member does not claim it in their personal tax return.

The minimum $100,000 balance is only an initial requirement for Compound Wealth. After a Member has joined the Scheme, the $100,000 balance does not need to be maintained.

Each year you will receive five reports provided by Consilium as Manager of the KiwiWRAP KiwiSaver Scheme. These consist of four personalised quarterly reports and an annual member statement.

Compound Wealth is an independent Financial Planning firm specialised in the provision of tailored retirement strategy services. We exist to help New Zealanders make smarter financial decisions and do this by taking into account not only our client’s financial considerations but their lifestyle objectives. Founded in 2017, we now advise on over $100M of funds and continually support our 2500 plus clients with ongoing advice all across New Zealand. We pride ourselves on our digital capability and streamlined advice processes.