Financial Services Guide

Wealth Builders Club Australia is a division of Port Phillip Publishing Pty Ltd (“PPP”).

This Financial Services Guide was updated in May 2016 and issued by PPP.

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 from our website at www.portphillippublishing.com.au/financial-services-guide.

If you do not understand anything in it, or require more information, please feel free to contact us (details below).

Who is Wealth Builders Club Australia?

Wealth Builders Club Australia is a wealth-building program that distributes ideas via emails, reports and newsletters aimed to increase your net wealth by seven figures in seven years — even if you’re not yet wealthy.

Wealth Builders Club Australia publishes the following services:

  • Wealth Builders Club Australia – subscription-only e-letters and reports

Who is Port Phillip Publishing?

Wealth Builders Club Australia is a division of PPP, which is a publisher of financial information via newsletters, emails, websites and reports. PPP is a member of the global network of Agora companies, a company located in Baltimore, Maryland, USA.

Port Phillip Publishing Pty Ltd
ACN: 117 765 009
ABN 33 117 765 009

Place of Business:

Port Phillip Publishing Pty Ltd
96-98 Bridport Street, Albert Park, VIC 3206

Contact Details:

Postal Address: PO Box 713, South Melbourne, VIC 3205
Telephone: 1300 559 359

Fax: (03) 9558 2219
Email: cs@wealthbuildersclub.com.au

Who will provide the financial services to me?

Wealth Builders Club Australia is a division of PPP, which is responsible for any financial services provided to you. Australian Financial Services Licence Number: 323 988

What kind of financial services is WBCA authorised to provide and what kind of products do these services relate to?

WBCA’s parent company, Port Phillip Publishing Pty Ltd, is licensed by the Australian Securities and Investments Commission (ASIC) to carry on a financial services business to provide general financial product advice for the following class of financial products:
– Derivatives
– Investment life insurance products
– Life risk insurance products
– Interests in managed investment schemes
– Securities
– Superannuation to wholesale and retail clients (our subscribers).

PPP advises on securities through our newsletters, e-letters, websites and reports. We do not offer any services for you to buy or sell the securities or derivatives we recommend. A list of stockbrokers who are licensed to deal in securities is available from the Australian Securities Exchange (www.asx.com.au).

A copy of PPP’s Financial Services Guide is available here.

IMPORTANT: We provide general advice only. The advice published by Wealth Builders Club Australia has been prepared without taking into account your objectives, financial situations or needs. Before acting on our advice, you should consider their appropriateness to your specific objectives, financial situation and needs. If you are uncertain as to what your objectives and needs are, you should contact a financial adviser or stockbroker who is licensed to provide you with personal financial advice.

How does WBCA get paid?

WBCA is a subscription-based service. A subscription fee is payable when you subscribe to WBCA.

Wealth Builders Club Australia Publications:

  • Wealth Builders Club – $1,495 lifetime subscription

Note: Wealth Builders Club Australia does not receive any other fees, commissions or benefits for the services it provides. All employees and directors of Wealth Builders Club Australia receive a salary. They may also receive performance based bonuses. No employee is entitled to any other fees, commissions or benefits from Wealth Builders Club Australia or any other person in relation to the services provided.

How does PPP manage potential conflicts of interest?

WBCA does not have any relationships or associations with any financial product providers or product provider that influence, or could reasonably be expected to influence, us in the provision of financial services or other services that we are licensed to provide.

  • Staff must obtain permission from Compliance before buying any share, index or derivative investment.
  • WBCA or PPP staff may invest in any share market investment, providing the investment is not a current recommendation in a WBCA or PPP service.
  • Any share or index (or derivative associated with a share or index) recommended by editors of WBCA or PPP’s investment services is an ‘Affected Investment’.
  • Staff may invest in an ‘Affected Investment’ only if the investment meets one of these three criteria. These are ‘Exempt Investments’:

– It is a company in the S&P/ASX 50 index
– It is one of the following liquid ETFs – S&P/ASX 200 [ASX: STW], S&P/ASX 50 [ASX: SFY], Gold ETF [ASX: GOLD]
– It is a futures contract, Option, CFD or other derivatives on the following indices – S&P/ASX 200, S&P/ASX 50, S&P 500, FTSE 100, Nikkei225, DAX

  • Staff cannot invest in any ‘Affected Investment’ unless it is an ‘Exempt Investment’.
    An editor of a service cannot buy a position in a stock, index or derivative before recommending it in their service.
  • WBCA and PPP staff and editors may buy a share or index (or derivative associated with the share or index) seven days after a recommendation, providing it is an ‘Exempt Investment’.
  • WBCA and PPP staff and editors must hold any investment made for a minimum of 30 days.

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.

What should I know about the risks of the advice WBCA provides?

We provide general advice only. We do not provide personal advice. You should consult a financial advisor or stockbroker who is licensed to provide you with personal advice.

Also, please bear in mind that building wealth won’t happen instantly for everyone. It depends on a range of factors, including your current financial situation, the time and money you can devote to the program, etc.

Compensation Arrangements:

WBCA’s parent company, PPP, has Professional Indemnity Insurance in place to cover us and our representatives for liability arising from the financial services we provide. We understand it is adequate to meet our requirements as a financial services licensee.

What information does WBCA maintain in my file?

We keep your name and address details in our database for the purpose of providing the services you request. We may also keep your telephone and email details if you provide them to us, as well as a record of correspondence between you and us, including emails, telephone conversations and letters. At any time, you may change or remove your details by contacting us.

We may, from time to time, inform you of special offers. You may opt out of receiving any of these. WBCA respects your privacy and abides by the Privacy Act 1988 and the Australian Privacy Principles.

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 WBCA with your complaint using the contact details in this FSG. If your complaint still cannot be resolved, WBCA’s parent company, Port Phillip Publishing, is a member of an external dispute resolution scheme called the Financial Ombudsman Service (FOS). FOS can be telephoned on 1300 78 08 08 and its website is www.fos.org.au. FOS will facilitate discussions and negotiations between the parties to help reach an agreement, and provide an independent adjudicator if necessary. There is no fee to members for this service. The Australian Securities and Investments Commission (ASIC) also has an information line, which you can use to make a complaint or obtain information about your rights. The telephone number is 1300 300 630.

Professional Indemnity Insurance

In accordance with the requirements of the Corporations Act, WBCA’s parent company, Port Phillip Publishing, maintains adequate Professional Indemnity Insurance. This insurance cover extends to claims in relation to our conduct as an Australian Financial Services licence holder, and our employees and representatives past and present, to compensate clients for loss or damage suffered if we provide negligent advice.