Website Disclosure Information

Karthik Ganapathy

N2Z Consulting Pty Ltd

Suite 10, 1 Main Street Box Hill Vic 3128

Phone: 03 8658 6464
Email: hello@novawealth.com.au
Web: novawealth.com.au

Business profile

Website Disclosure Information 1.0
Issue date: February 2025

Important:

Before we provide you with financial advice, you should read this Website Disclosure Information (WDI). It contains the following important information to help you decide whether to use our services:

• Who we are;
• Advice we provide;
• How we are paid;
• Who to contact if you have a complaint.

Advice Evolution is owned by advisers and has an open approved products list, however, as we continue to be paid commissions for life insurance products and receive fees based on the asset value of some investments, we must disclose.

About our practice

N2Z Consulting Pty Ltd, corporate authorised representative (CAR), number 1311988, trading as Nova Wealth Advisers, is authorised to provide financial services on behalf of Advice Evolution Pty Ltd.

We are a leading financial services provider.

Our business was established by Karthik Ganapathy in 2024, and we have an office in Box Hill.

N2Z Consulting Pty Ltd offers comprehensive financial planning advice to assist clients develop a structured financial plan that helps them achieve their lifetime goals. We will provide you with strategies that allow you to take control of your own financial future and build relationships with you and your family to secure each generation’s financial well-being.

Contact Details

• Practice name: Nova Wealth Advisers
• Physical address: Suite 10, 1 Main Street Box Hill Vic 3128
• Mailing address: Same
• Phone: 03 8658 6464
• Email: hello@novawealth.com.au
• Web: novawealth.com.au

About our team

Attached to this document is a profile for your adviser. The adviser profile provides information about their contact details, qualifications, experience and any memberships they may hold.

Why you should choose us

We aim to provide personalised and responsible advice suited to your objectives and believe that sound advice and planning is the key to improving your financial position.

We undertake continuous professional development, to keep us up to date with all applicable legislative, strategy and product changes. We have access to technical, risk and investment research professionals who provide us with additional analysis on strategies and products that become available.

We will help you determine your goals and weigh up different investment strategies to achieve them.

Most importantly, we turn your thoughts into action. There are no secret formulas for achieving financial security. We work with you to get the basics right and ensure you have a plan to achieve your goals over time.

Approved Products

Advice Evolution Pty Ltd maintains a broad approved list, containing investment and insurance products that have been researched by at least 2 research houses.

Documents you may receive

Our advice will be provided to you in a financial plan, known as a Statement of Advice (SOA). The financial plan contains a summary of your goals, our strategies and financial product recommendations to achieve your goals. It also provides you with detailed information about the fees, costs and other benefits we will receive as a result of the advice we have provided.

We will keep a record of any further advice we provide. You may request a copy by contacting our office.

You will also receive a Product Disclosure Statement (PDS) if we have recommended you invest in or purchase a financial product. The PDS contains key features of the recommended product, significant benefits, risks and the fees you pay the product provider to professionally manage your investment or insurance.

You may also receive an ongoing or Annual agreement which will outline how we monitor your strategy and portfolio and make sure they are the best available to achieve your goals.

You should read any warnings contained in your financial plan, the PDS or IDPS guides carefully before making any decision relating to a financial strategy or product.

Our financial planning process

Everyone has different circumstances, needs and goals. We treat everyone as an individual, but follow a defined financial planning process, to make sure you know what to expect from us.

Identifying where you want to be

We help you identify your financial and lifestyle goals and explain the services we offer to help you achieve them. The type of advice you need could depend on your life stage, the amount of money you want to invest and the complexity of your affairs.

We will help you to identify the issues that need to be addressed to meet your goals. You can then decide whether you want our advice to meet a single need or a broad range of issues.

Considering opportunities and risks

Good personal advice starts with having an understanding of your current situation. We take a close look at your current financial situation – assets, debts, income, expenses and insurance, and explore the options to reach your goals.

Bridging the gap

Based on the research, we will recommend a strategy to bridge the gap between where you are now and where you want to be.

Bringing your plan to life

We work closely with you to implement your financial plan. We help you to complete any necessary paperwork and are available to attend meetings with your accountant, solicitor and general insurer so that your strategy is implemented efficiently.

Staying on track with regular annual or ongoing advice

Time goes on and circumstances and needs change. The final step in our advice process ensures your financial plan remains on track, by providing you with regular ongoing or annual advice. We will design an annual or ongoing service program so your plan remains up to date.

Transaction services

If you would like us to help you complete a particular transaction without our advice, we can take your instructions and arrange for the transaction to be completed without providing any.

It is important to understand that in these circumstances we will generally ask you to confirm your instructions in writing and to sign a letter that acknowledges you have declined our offer of advice as well as understand the risks of a transaction service. You will be provided with a copy of the letter for your own records.

Fees

Our fees are designed to be clear, fair and proportionate to the scope and complexity of the advice and services we provide. Before commencing any work, we will explain the applicable fees and agree them with you.

Consultation fee

Consultation fees start from $440. The actual fee will depend on the nature of the consultation, the preparation required and the complexity of the matters being discussed.

Advice fee

Our advice fees generally range from $4,400 to $22,000.

This fee covers the research, analysis, strategy development and preparation of your personalised financial advice. The amount will depend on the scope and complexity of the advice, the number of strategies considered, and the work required to develop your financial plan.

Where your circumstances require advice outside this range, the fee will be discussed and agreed with you before any work begins.

Advice implementation fee

Implementation fees start from $2,200.

This fee covers the professional and administrative work involved in putting your agreed recommendations into place. The final fee will depend on the strategies being implemented, the products and structures involved, and the estimated time required.

Hourly rates

Where services are charged based on time, our minimum hourly rates are:

• Financial Adviser: from $440 per hour
• Administration team: from $110 per hour

All fees applicable to your circumstances will be clearly disclosed in your Advice Agreement and, where relevant, your Statement of Advice.

Annual or ongoing advice

Financial advice is not always a one-off event. Your circumstances, priorities, investments, superannuation and the rules that affect your financial position can change over time.

Our annual or ongoing advice service is designed to help keep your financial strategy current and aligned with your goals. Depending on the service agreed with you, this may include:

• Regular strategy and progress reviews
• Investment portfolio oversight and rebalancing
• Superannuation and contribution planning
• Retirement planning and income reviews
• Cash-flow and wealth-building guidance
• Personal insurance reviews
• Consideration of relevant tax and legislative changes
• Ongoing access to our advice team

Ongoing advice fees may be charged as a fixed fee, a percentage-based fee, or a combination of both. The appropriate fee structure will depend on the scope of services, the complexity of your circumstances and the level of ongoing advice required.

Your services, fees, payment arrangements and the period of engagement will be clearly explained and documented in a separate ongoing service agreement or fixed-term agreement.

Life insurance payments

• Initial commission: One off commission that is paid at the inception of insurance policy. This can range from 11% to 66% of initial premium paid. (Paid by the product issuer)
• Ongoing commission: This is a part of the product provider’s ongoing charges and is paid every year that the insurance policy is retained. (Paid by the product issuer)

Advice Evolution Pty Ltd will receive commission directly from the product provider and is based on a percentage of the insurance premium paid. Commissions are deducted from the premium by the product provider so are not paid directly by you.

Your advice fees will be calculated at the time we provide you with personal advice. Your SOA will outline the advice fees and any commission inclusive of GST.

Payment Method & Frequency

We offer you the following payment terms:

• Bpay, direct debit (credit card or savings), cheque
• Deduction from your investment

Ongoing advice fees may be deducted as an annual instalment or in monthly or quarterly instalments.
Annual or ongoing advice fees may increase each year in line with the Consumer Price Index (CPI) or by a fixed amount or percentage each year. The specific amount will be agreed to by you and outlined in our annual or ongoing advice agreement.

About Advice Evolution Pty Ltd

Advice Evolution Pty Ltd ABN 66 137 858 023
Australian Financial Services Licence 342880
Suite 302, 20 Bungan Street, MONA VALE NSW 2103
www.adviceevolution.com.au

Advice Evolution Pty Ltd has approved the distribution of this Website Disclosure Information.

Adviser profile

Version 1.0 (Karthik Ganapathy)
Date issued: 17 February 2025

About Karthik Ganapathy

Your financial adviser, Karthik Ganapathy (ASIC number 1002716), is an authorised representative of Advice Evolution Pty Ltd.
Email address: karthik@novawealth.com.au

Education and Qualifications

• Master of Business (Professional Accounting)
• Diploma of Financial Planning | Bachelor of Science
• SMSF Specialist Advisor™ / SSA®
• Certified Financial Planner®

Experience

Karthik has extensive financial services experience, working in the industry since 2007. He is well regarded in the areas of superannuation, investment, and risk management.

Memberships

Karthik is a member of the Financial Planning Association of Australia (FPA) and plays an active role in the industry. Karthik is also an SMSF Association SMSF Specialist Advisor.

Advice your adviser can provide

I can provide you with strategic advice as well as arrange the types of financial products listed below. In addition, you can choose whether to receive advice about a range of needs all at once, or we can provide advice about only those needs that are most important to you so that your most important goals are achieved first. Further advice can then be provided over time about any other needs or goals as required.

How the adviser is paid

Advice Evolution Pty Ltd will retain 2% of the gross revenue received for the recommended financial services and/or products. Advice Evolution Pty Ltd will pay N2Z Consulting Pty Ltd 98% of the gross revenue received.

Karthik has equity in N2Z Consulting Pty Ltd and may receive capital and profit related benefits.

Other benefits your Adviser may receive

Non-monetary: N2Z Consulting Pty Ltd keeps a full register of any benefits received by advisers between $100 to $300. By law, your adviser is not permitted to receive benefits in excess of $300 per year from a product issuer, however, some non-monetary benefits are permitted because they are covered by an exception e.g. they are valued at less than $300, they meet certain training and education requirements, or the benefit is the provision of relevant IT software or support. These are not additional costs to you.

We keep a register of any other non-monetary benefits your adviser may receive in relation to education, training, technology support or software that is relevant to the provision of financial advice. If you would like a copy of either register, please ask your adviser and one will be made available to you.

Associated businesses: Your adviser may have associations with other related businesses, such as an accountancy firm, real estate agents, mortgage brokers etc. Any arrangement in place will be subject to the FASEA Code of Ethics.