This Financial Services Guide was updated in April 2019 and issued by Money Morning Investment Research.
This Financial Services Guide (FSG) is designed to inform you of certain matters relating to our future relationship before we provide you with a financial service. It covers who we are, how we can be contacted, the financial services we are authorised to provide, how our staff are paid, details of any potential conflicts of interest and how you can make a complaint.
This information is set out in the questions and answers that follow.
Please keep this guide for future reference. A copy is available from us on request or can be downloaded using the link below at
If you do not understand anything in it, or require more information, please feel free to contact us (details below).
Who is Money Morning Investment Research?
Money Morning Investment Research was established in 2018 as the New Zealand outpost of US publisher, Agora Inc. Agora was founded over 25 years ago by best-selling author and entrepreneur Bill Bonner, and is one of the world’s most successful publishers of financial, health and travel newsletters. Money Morning Investment Research is an independent financial publisher based in Auckland, New Zealand. We provide independent financial commentary, economic analysis and market forecasts through print and email publications, books and conferences.
Money Morning Investment Research
FSP: 615 149
Place of Business:
Money Morning Investment Research
Level 26, PwC Tower, 188 Quay Street, Auckland 1010
Postal Address: Level 26, PwC Tower, 188 Quay Street, Auckland 1010
Telephone: 0800 547 791
Who will provide the financial services to me?
Money Morning Investment Research acts on its own behalf. Money Morning Investment Research is responsible for the financial services provided to you.
Financial Service Providers Register Number: FSP 615 149
What kind of financial services can MMIR provide and what kind of products do these services relate to?
Money Morning Investment Research is registered on the New Zealand Financial Service Providers (FSP) Register as a provider of wholesale and/or generic financial adviser services. There are three categories of ‘financial adviser services’, including ‘giving financial advice’ (which is the category we undertake).
This registration permits us to provide a ‘class service’ (i.e. class financial advice) to both wholesale and retail clients in New Zealand. ‘Class’ financial advice is ‘financial advice’ that does not take into account, or would not reasonably be expected to take into account, a particular client’s financial situation or goals. For example, publishing a newsletter or report that contained financial advice would be giving class financial advice to the subscribers of that newsletter or report.
We can provide this class financial advice in respect of all types of financial products, including:
- Equity securities (e.g. shares)
- Debt securities (e.g. bonds)
- Managed investment products (e.g. interests in funds, such as KiwiSaver schemes)
- Insurance products.
We advise on financial products and other investments through our newsletters, e-letters, websites and reports.
We do not offer any services for you to buy or sell the financial products we recommend. A list of stockbrokers who are licensed to deal in listed financial products is available from New Zealand’s Exchange (www.nzx.com).
IMPORTANT: We provide class financial advice only. The advice published by Money Morning Investment Research has been prepared without taking into account your particular financial situation or goals. Before acting on our recommendations, you should consider their appropriateness to your particular financial situation or goals. If you are uncertain as to what your financial situation or goals are, you should contact a financial adviser or stockbroker who is licensed to provide you with personalised financial advice.
How does MMIR get paid?
Money Morning Investment Research is a subscription-based service. A subscription fee is payable when you subscribe to one of our newsletters. Some of our e-letter services are free. Publisher’s prices at the time of preparation of this FSG are:
- Money Morning New Zealand– Free email service
- Small-Cap Speculator– $99 annually
- Alpha Wave Trader– $2,999 annually
Note: Prices are subject to change. Money Morning Investment Research does not receive any other fees, commissions or benefits for the services it provides. All employees and directors of Money Morning Investment Research receive a salary. They may also receive performance-based bonuses. No employee is entitled to any other fees, commissions or benefits from Money Morning Investment Research or any other person in relation to the financial services provided.
How does MMIR manage potential conflicts of interest?
Money Morning Investment Research does not have any relationships or associations with any financial product providers that influence, or could reasonably be expected to influence us, in the provision of financial services that we provide.
Employees are prohibited from disclosing to third parties the substance of recommendations before they are published, and are not allowed to instruct others to act on recommendations before they are published or during the blackout period and should refer to Money Morning Investment Research Staff Trading Policy before making such recommendations. Any breach pertaining to the Staff Trading Policy will result to disciplinary action.
What should I know about the risks of the financial product advice MMIR provides?
There are risks with all financial products. Their prices may fall as well as rise, and there is a chance you could lose your entire investment.
We assign risk ratings to the financial products we recommend in some of our newsletters. Note that these risk ratings are general in nature. We do not guarantee the performance of any financial products we recommend.
As indicated above, we provide class financial advice only. We do not provide personalised financial product advice. You should consult a financial advisor or stockbroker who is licensed to provide you with personal financial product advice if you require any advice on securities, derivatives, managed investment schemes, or if you require assistance in determining your particular risk profile.
Compensation Arrangements and Professional Indemnity Insurance:
Money Morning Investment Research maintains adequate Professional Indemnity Insurance which covers our rights and responsibilities for liability for assessments from the authorised financial services products. This insurance cover extends to claims in relation to our conduct as a New Zealand Financial Services Provider and our employees and representatives past and present, to compensate clients for loss or damage suffered if we provide negligent advice.
What information does MMIR maintain in my file?
We may from time to time inform you of special offers. You may opt out of receiving any of these. Money Morning Investment Research respects your privacy and abides by the Privacy Act 1993, including the Information Privacy Principles contained in that Act.
How do I make a complaint?
We try to adhere to the highest standard of service at all times. Nevertheless, we understand there may be times when you would like to make a complaint about our services. Our dispute resolution process is as follows: Contact us and tell us about your complaint. We will try to resolve it fairly and within 48 hours. If it is not resolved satisfactorily, please write to the Publisher of Money Morning Investment Research with your complaint using the contact details in this FSG.
If your complaint still cannot be resolved, Money Morning Investment Research is a member of an external approved dispute resolution scheme called The Financial Dispute Resolution Service (FDRS). FDRS can be telephoned on 0508 337 337 and its website is www.fdrs.org.nz. FDRS will facilitate discussions and negotiations between the parties to help reach an agreement and provide an independent adjudicator if necessary. FDRS will not charge you a fee for using making or resolving a complaint.
The Financial Markets Authority (FMA) also have an information line which you can use to make a complaint or obtain information about your rights. The telephone number is 0800 434 566. See the FMA’s website for more information: fma.govt.nz/contact/make-a-complaint/.
All content is © 2019 Money Morning Investment Research All Rights Reserved Money Morning Investment Research is registered on the Financial Service Providers Register: F5P 615 149. NZBN: 9429046730527
All advice is class advice and does not take into account your particular financial situation or goals. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.
Calculating Your Future Returns: The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports, newsletters and other publications are forecasts and may not be a reliable indicator of future results. Any potential gains in any of our publications do not include taxes, brokerage commissions, or associated fees. Please seek independent financial advice regarding your particular financial situation or goals. Investments in foreign companies involve risk and may not be suitable for all investors. Specifically, changes in the rates of exchange between currencies may cause a divergence between your nominal gain and your currency converted gain, making it possible to lose money once your total return is adjusted for currency. You acknowledge that the contents of reports, newsletters and other publications by, and all associated intellectual property rights of, Money Morning Investment Research (MMIR) including copyright, design rights, property rights, rights to data and databases, trademarks, service marks and any other rights created or developed in the course of the provision of the publication shall be and remain the sole and exclusive property of MMIR. No person is permitted to copy, forward or reproduce any of our publications and/or their contents without express consent of MMIR. Subscribers to our publications are permitted to use this material for their own personal and investment use.
If you would like to contact us about your subscription, please call us on 0800 547 791 or email us at email@example.com
Money Morning Investment Research Level 26, PwC Tower, 188 Quay Street, Auckland 1010 | Tel: 0800 547 791 |