A guide to the services we provide and how we will work with you to achieve your goals.
Karthik Ganapathy & Moiz Mandani
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
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Website Disclosure Information : |
Website Disclosure Information 1.0 |
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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 & Moiz Mandani in 2024, and we have 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.
You can contact us with any questions relating to your financial products.
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:
The fees charged for our advice are designed to be fair and clear. Our advice fees may include charges for the following advice services:
Consultation Fee – You may be charged up to $330 for a consultation.
Advice Fee– The advice fee covers the cost of researching and preparing your financial plan. The price can be a flat fee with an additional performance or risk margin depending on the size and complexity of the advice.
Advice implementation – The advice implementation fee covers the administrative time spent implementing the recommended strategies and products. This cost will be calculated on the estimated time to complete the task.
Admin Fee – This will be charged for any other admin services provided.
Hourly Rate – The hourly rate charged for the Adviser time is $330/h and the Admin Staff are charged at 110/h
The advice implementation fee will be disclosed in your Advice Agreement or your SOA.
Annual or Ongoing advice – This is the fee for the Annual or ongoing advice, it will cover the cost to keep your strategy and investments current and up to date as well as any services provided by the practice. This will be a separate document provided at the time of the advice.
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
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Adviser profile version: |
Version 1.0 (Karthik Ganapathy) This profile is part of the Website Disclosure Information and is only complete when the business profile is attached. |
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Date issued |
17 February 2025 |
About (Adviser Name)
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.
Karthik can provide you with advice on the following:
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Strategies · Aged care accommodation · Centrelink planning · Investment planning · Superannuation planning · Pre-retirement planning · Retirement planning · Estate planning considerations · Risk and insurance analysis · Business succession planning · Salary packaging advice · Gearing strategies · Guidance on budgeting and goal setting · Savings and wealth creation strategies |
Products · Self-managed super funds · Direct shares · Cash management trusts · Retirement income streams · Retail & wholesale managed investment schemes · Master trust products · Superannuation products · Personal and group insurance · Business succession insurance · Margin lending facilities · Direct fixed interest · Socially responsible investments
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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.
Appendix: Privacy Collection Statement:
As part of the financial planning process, we need to collect information about you. Where possible we will obtain that information directly from you, but if authorised by you we may also obtain it from other sources such as your employer or accountant. If that information is incomplete or inaccurate, this could affect our ability to fully or properly analyse your needs, objectives and financial situation, so our recommendations may not be completely appropriate or suitable for you.
We are also required under the Anti-Money-Laundering and Counter-Terrorism Financing Act (AML/CTF) 2006 to implement client identification processes. We will need you to present identification documents such as passports and driver’s licences in order to meet our obligations.
We keep your personal information confidential, and only use it in accordance with our Privacy Policy. Some of the ways we may use this information are set out below:
- Your adviser may have access to this information when providing financial advice or services to you;
- Your adviser may, in the future, disclose information to other financial advisers, brokers and those who are authorised to review customers’ needs and circumstances from time to time.
- Your information may be disclosed to external service suppliers both here and overseas who supply administrative, financial or other services to assist your adviser in providing financial advice and services to you.
- Your information may be used to provide ongoing information about opportunities that may be useful or relevant to your financial needs through direct marketing (subject to your ability to opt-out.)
- Your information may be disclosed as required or authorised by law and to anyone authorised by you.
Your adviser will continue to take reasonable steps to protect your information from misuse, loss, and unauthorised access, modification or improper disclosure. You can request access to the information your adviser or Licensee holds about you at any time to correct or update it.
Adviser profile
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Adviser profile version: |
Version 1.0 (Moiz Mandani) This profile is part of the Website Disclosure Information and is only complete when the business profile is attached. |
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Date issued |
17 February 2025 |
About (Adviser Name)
Your financial adviser, Moiz Mandani (ASIC number 001244853), is an authorised representative of Advice Evolution Pty Ltd.
Email address: moiz@novawealth.com.au
Education and Qualifications
Bachelor of Commerce (Accounting & Finance)
Chartered Financial Analyst (CFA) Level 1, Passed
SMSF Specialist Advisor™/ SSA®
Certified Financial Planner®
Experience
Moiz holds a Bachelor of Commerce majoring in (Accounting & Finance) from Swinburne University. He has passed CFA level I and is a candidate for the level II program. He has over ten years of experience in the Financial Services industry, with the last eight years as a Financial Adviser with NAB Financial Planning, MLC Advice, and Bridges Financial Services. He has helped hundreds of Australians achieve their goals and be on the journey to their ideal life.
Memberships
Moiz is a Certified Financial Planner® practitioner, the internationally recognised and pre-eminent representation of financial planners around the world. He is a member of the Financial Planning Association of Australia. Moiz 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.
Moiz can provide you with advice on the following:
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Strategies · Aged care accommodation · Centrelink planning · Investment planning · Superannuation planning · Pre-retirement planning · Retirement planning · Estate planning considerations · Risk and insurance analysis · Business succession planning · Salary packaging advice · Gearing strategies · Guidance on budgeting and goal setting · Savings and wealth creation strategies |
Products · Self-managed super funds · Direct shares · Cash management trusts · Retirement income streams · Retail & wholesale managed investment schemes · Master trust products · Superannuation products · Personal and group insurance · Business succession insurance · Margin lending facilities · Direct fixed interest · Socially responsible investments
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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.
Moiz 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.
Appendix: Privacy Collection Statement:
As part of the financial planning process, we need to collect information about you. Where possible we will obtain that information directly from you, but if authorised by you we may also obtain it from other sources such as your employer or accountant. If that information is incomplete or inaccurate, this could affect our ability to fully or properly analyse your needs, objectives and financial situation, so our recommendations may not be completely appropriate or suitable for you.
We are also required under the Anti-Money-Laundering and Counter-Terrorism Financing Act (AML/CTF) 2006 to implement client identification processes. We will need you to present identification documents such as passports and driver’s licences in order to meet our obligations.
We keep your personal information confidential, and only use it in accordance with our Privacy Policy. Some of the ways we may use this information are set out below:
- Your adviser may have access to this information when providing financial advice or services to you;
- Your adviser may, in the future, disclose information to other financial advisers, brokers and those who are authorised to review customers’ needs and circumstances from time to time.
- Your information may be disclosed to external service suppliers both here and overseas who supply administrative, financial or other services to assist your adviser in providing financial advice and services to you.
- Your information may be used to provide ongoing information about opportunities that may be useful or relevant to your financial needs through direct marketing (subject to your ability to opt-out.)
- Your information may be disclosed as required or authorised by law and to anyone authorised by you.
Your adviser will continue to take reasonable steps to protect your information from misuse, loss, and unauthorised access, modification or improper disclosure. You can request access to the information your adviser or Licensee holds about you at any time to correct or update it.