Statement of Advice

Dear ,

Thank you for seeking our advice in relation to your financial needs.

We have provided detailed strategies and recommendations that have taken into account your current situation and financial goals and objectives, based on information that you have provided us. These strategies and recommendations have been specifically tailored to assist you in achieving your stated financial goals and objectives.

It is important that you read the Statement of Advice carefully and understand the recommendations outlined. If you have any questions or do not understand any aspect of the recommendations contained in this Statement of Advice, please contact me immediately so I can clarify any outstanding issues you may have.

Your sincerely,

Mark Holzworth

Director

Holzworth Wealth Partners

Executive Summary

Scope of advice

This Statement of Advice has been prepared based on recent discussions and the Financial Needs Analysis you have completed. A copy of this is available upon request.

, at this time you have asked us to provide advice on:
 Superannuation

Therefore, we are not providing advice on:
 Debt Management  Estate Planning  Investment Planning  Personal Insurance  Retirement Planning  SMSF  Transition To Retirement  Total Product Replacement  Other Advice

Your Objectives

In terms of your financial goals, you have requested for this advice to focus on the following objectives:
 Superannuation investment to achieve your long-term capital growth.

 Ammaron, you want to review your superannuation arrangements.

If the information on which we have based our recommendations is incomplete or inaccurate you should inform us immediately. Before acting on this advice, consider the appropriateness of the advice in regard to your financial situation, needs and objectives.

Summary of our advice
After consideration of your objectives, the following summarises our recommendations:
 Ammaron, rollover your superannuation into SMARTwrap to access IndexInvest model Portfolios.  Ammaron, redirect your superannuation guarantee payments.

Outcomes of our advice
After implementing the recommendations in this Statement of Advice, you will achieve the following outcomes:
 Ammaron, your retirement funds will be invested according to your risk profile.

Your Current Situation

Our recommendations are based on our understanding of your current situation as outlined below. If this summary is not accurate, please let us know immediately as it might have a significant impact on our recommendations to you.

Address

Suburb

State

Occupation

Desired Retirement Age

Hub24 Account Balance

Your investor profile

Based on the answers to your risk profile questions, you are considered to be a investor.

Our advice to you

In providing this advice, HWP has taken into account your relevant Personal Circumstances and at least one of the financial products listed below:

 Securities (e.g. ASX listed equities and property trusts, fixed income securities, convertible notes);  Deposit and payment products – basic deposit products (e.g. Cash in a bank or cash management account).  Managed investment schemes  Insurances  Superannuation
Following our evaluation of your personal circumstances, and your Growth profile, we advise:
 That you are suitable for investing your superannuation (approximately $34,880) in the following IndexInvest strategies. o IndexInvest Dynamic Growth 70% o IndexInvest Growth Satellite 30%
The basis of our advice is our belief that the strategy components detailed above provide you with a superior outcome over time than you not having received our advice
We recommend you read the Superannuation Account Product Disclosure Statement (‘PDS’) and Reference Guide which can be accessed at powerwrap.com.au/resources. Additionally, we recommend that you review the attached - Investment Education Guide and IndexInvest Capability Statements.

Product Replacement

Product/Underwriter	All current funds
To be replaced with:	SmartWRAP
Exit Fees	There are no exit fees from your current superfunds
Reasons for Replacement	You will build wealth in a tax effective manner. The future investment earnings on the amount contributed will be taxed at a maximum rate of 15% (10% on capital gains). If these funds were invested outside of superannuation, these same earnings may be taxed at your marginal tax rate (including the Medicare Levy) if owned by you personally.
Best Interest
Differences in Benefits - LOSSES	Death And TPD - Benefit of Guaranteed Future Insurability is lost. Salary Continuance - The ability to retain cover for Income Protection without evidence of health by transferring benefit to another division of provider will be lost.
Alternative Strategy	We investigated leaving your existing funds in place and consolidating your funds in your primary superfunds, however these strategies would not meet the goals we discussed. We also reviewed other alternatives to Netwealth, however they were more expensive without extra features.

Investments

To invest in-line with your risk profile and to help you achieve your needs and objectives I recommend using a mix of Exchange Traded Funds to create a portfolio:

Outcomes and Advantages

Netwealth offers one or more of the following relevant features and benefits which are not available in your current fund: Access to a range of investments such as ETFs and Managed funds, better transparency to see your balance, returns and the individual investments. Netwealth also allows us to tailor your investments specifically to your risk profile.

Netwealth allows you to see individual costs as they are taken from the account. Other providers build their costs into the balance of your account making it difficult to determine the effective total costs.

Exchange Traded Funds allow access to a wide range of both local and international exchanges. Exchange Traded Funds have lower fees than typical managed funds. Using Exchange Traded Funds will help you achieve your objective of increasing your current return.

Risks and Disadvantages

This recommendation may require trade-offs as all strategies contain both advantages and disadvantages. The important potential risks and disadvantages that may arise from this recommendation include:

Rolling over superannuation from one superannuation fund to another may incur management expenses and costs, including a taxation liability arising from the sale of the underlying investments represented in your superannuation account. You current superfund(s) may also charge you an exit fee of between $45 and $90.

When rolling over your existing superannuation you will generally lose entitlement to existing insurance coverage in that fund. Replacement insurance through your new superannuation fund may be more costly or even unobtainable, depending on the level of cover required, your age, and current state of health. Existing insurance arrangements should not be cancelled until such time as replacement insurance has been confirmed.

Where investments held in your current superannuation fund are sold prior to rolling over your benefit to another superannuation fund, a rising investment market may result in less investments being purchased within your replacement superannuation fund.

If you have made superannuation contributions to your current superannuation fund, and intend to claim a personal tax deduction for all or part of those contributions, it is imperative that you provide your current superannuation fund with a “notice of intention to claim a tax deduction” (as required under section 290-170 of the Income Tax Assessment Act 1997) and that the notice be acknowledged before you roll your current superannuation over to the proposed fund. Failure to lodge this notice will result in the loss of a tax deduction.

All forms of investing involve risk. These investments are the same. There is no guarantee of a return, nor that the Exchange Traded Funds will meet your return objective.

A partial rollover has been recommended to maintain your insurance as your current insurance has not been reviewed. This means at this time your superannuation will not be completely consolidated into one fund.

Why my Advice is Appropriate

The above advice is to help you achieve your superannuation goals and outcomes.

Consolidating your superannuation into 1 fund will achieve your goal of having 1 superfund. It also reduces annual fees but also allows for better tracking of your superfund.

Managed Funds also generally have higher fees than Exchange Traded Funds which erode your returns. Your superannuation is also a long term investment. As such, we have recommended Exchange Traded Funds which track or mirror the exchanges. Exchange Traded Funds are used to allow access to a range of exchanges both locally and internationally. This provides significant diversification advantages, high access to your funds (no waiting periods to withdraw) and have very low overall management fees. We believe that these investments will help you achieve your goal of increasing your superfund performance.

A key requirement was ease of access and transparency. Netwealth provides 24/7 access both online and via a phone app to your superfund. This gives you direct access to view not only your superfund balance, but also the investments and the individual returns for these investments.

You are also currently invested in investments different to your current risk profile being a investor. This advice will invest you in line with your current investment profile.

Netwealth has a broad range of investments which allows your superfund to be highly tailored to your current circumstances. It also allows for changes and updates should your circumstances change or based on market conditions.

I embrace the concept of Best Interests Duty and give priority to your interests ahead of my own. My commitment is to act in the best interests of you my client and to act honestly, professionally, fairly and objectively in the provision of financial services. The processes I follow demonstrate the priority I give to your interests ahead of my own. This document also forms part of the process of meeting my obligations under the Best Interests Duty. So that I can provide you with appropriate advice it is important that the information your provide is correct and current.

Following the advice should put you in a better position than your current position as:

You now have a financial advisor monitoring your portfolio as well providing you with ongoing financial advice such as transition to retirement, making extra contributions, salaray sacrifice.
Your superannuation is invested according to your risk profile.
You can now easily view, manage and track your superfund going forward.

As you mentined above, and using your words you said . The strategies outlined achieve this.

What are our fees

Entity Charged	Super Balance	Initial %	Initial $	Annual %	Annual $
Superfund	$	4.40%	$	2.20%	$
Total	$	4.40%	$	2.20%	$

Advice fees are paid from your super fund.
You will have to pay other product fees for the underlying investments recommended. Make sure you read the PDS and ask us any questions you may have.

Remuneration allocation

100% of the fees charged are paid directly to Zenith Representatives Pty Ltd
is paid a wage.