Privacy Policy
The privacy of your personal information is important to us:
1. Why is your adviser asking so many questions?
We collect your personal information to ensure that we are able to provide you with products and services that are appropriate to your needs.
Financial Planning is the exercise of;
- Gathering all the details of a client's financial position;
- Understanding a client's financial goals;
- Analysing all the issues and options which will form the basis of any recommendations;
- The adviser will then provide advice and a recommendation (called a Statement of Advice, or SOA) whilst also making all the required disclosures;
- The client then needs to agree with the advice to allow the adviser to implement all actions required to achieve the client's financial goals;
- The adviser and the client will then need to agree as to what level of further review and action is required to ensure the advice and recommendations continue to achieve all identified financial goals.
The process seems simple, but it is the result of carefully gathering all the right details in assessing a client's financial goals through the completion of a Fact Finder. This document will help identify what is relevant and also helps to prioritise any action required. We aim to ensure that the personal information that we retain about you is accurate, complete and up to date. If you provide us with incomplete or inaccurate information, we may not be able to provide you with the products and services you are seeking.
The law can also require us to collect personal information e.g. The Corporations Act requires us to identify a persons needs, objectives and financial circumstances to be able to provide financial planning advice.
2. Access
You may access your information by contacting us (subject to permitted exceptions). Please direct access requests to the Compliance Manager. We may need to charge a fee for providing access to information but we will advise you in advance if that is the case.
3. We may communicate personal information to:
- External product providers, that may already have your information on file for clarification;
- Organisations (bound by strict confidentiality) to whom we outsource certain functions such as our auditors;
- Other professionals such as solicitors, accountants and stockbrokers when a referral is required;
- Third parties when required by law e.g. under a Court Order.
To assist the government fight the funding of terrorism and money laundering activities, Federal Law requires us to obtain, verify and record information that identifies each person who receives certain financial services offered through this firm. We will need to ask for your name, address, date of birth, drivers licence and other information as may be required by law. We will also need to copy / scan this information onto our system.
4. Our Privacy Policy
GDA Financial Services Pty Ltd has adopted the principles set out in the Privacy (Private Sector) Amendment Act 2000 as part of our continuing commitment to client service and the maintenance of client confidentiality.
Gathering all the right facts should lead to the right financial solution for you.