Statement of Advice

1. Executive summary

1a. Scope of advice

This Statement of Advice has been prepared based on recent discussions and the Financial Needs Analysis you have completed. A copy of this is available upon request.

, at this time you have asked us to provide advice on:

• Superannuation

Therefore, we are not providing advice on:

• Debt Management
• Estate Planning
• Investment Planning
• Personal Insurance
• Retirement Planning
• SMSF
• Transition To Retirement
• Total Product Replacement
• Other Advice

1b. Your objectives

In terms of your financial goals, you have requested for this advice to focus on the following objectives:

• Superannuation investment to achieve your long-term capital growth.
• , you want to review your superannuation arrangements.

If the information on which we have based our recommendations is incomplete or inaccurate you should inform us immediately. Before acting on this advice, consider the appropriateness of the advice in regard to your financial situation, needs and objectives.

1c. Summary of our advice

After consideration of your objectives, the following summarises our recommendations:

• , rollover your superannuation into SMARTwrap to access IndexInvest model Portfolios.
• , redirect your superannuation guarantee payments.

1d. Outcomes of our advice

After implementing the recommendations in this Statement of Advice, you will achieve the following outcomes:

, your retirement funds will be invested according to your risk profile.

2.Your current situation

Our recommendations are based on our understanding of your current situation as outlined below. If this summary is not accurate, please let us know immediately as it might have a significant impact on our recommendations to you.

*this is your personal assessment of your current health.

2a. Assets and liabilities

Superannuation

2b. Personal insurances

We do not have a record of your personal insurance, if any.

2c. Estate planning

3. Investing

3a. Risk Profiles Illustrated

3b. Your risk profile

, after consultation with you we have agreed that your risk profile is Growth. The growth investor tends to invest for capital growth potential as opposed to income returns. The growth investor’s portfolio may include investments that are more aggressive. This portfolio may demonstrate greater volatility and higher risk in the short term, but should generate returns well above inflation in the medium to longer term. This strategy may be considered longer term, with a minimum investment timeframe of five years.

3b. Your risk profile (Continued)

3c. Recommendation

In providing this advice, HWP has taken into account your relevant Personal Circumstances and at least one of the financial products listed below:

• Securities (e.g. ASX listed equities and property trusts, fixed income securities, convertible notes);
• Deposit and payment products – basic deposit products (e.g. Cash in a bank or cash management account).
• Managed investment schemes
• Insurances
• Superannuation

3c. Recommendation (Continued)

Following our evaluation of your personal circumstances, and your Growth profile, we advise:

That you are suitable for investing your superannuation (approximately $) in the following IndexInvest strategies.

• IndexInvest Dynamic Growth 70%
• IndexInvest Growth Satellite 30%

The basis of our advice is our belief that the strategy components detailed above provide you with a superior outcome over time than you not having received our advice We recommend you read the Superannuation Account Product Disclosure Statement (‘PDS’) and Reference Guide which can be accessed at powerwrap.com.au/resources. Additionally, we recommend that you review the attached - Investment Education Guide and IndexInvest Capability Statements.

4.Superannuation

4a. Recommendations

4b.Consolidate your superannuation

, we recommend that you consolidate all super benefits from HUB24 Super into the recommended SMARTwrap Superannuation Account.

4c. Redirect your superannuation guarantee payment

Your superannuation guarantee contribution of 9.5% p.a. of salary will paid to SMARTwrap Superannuation Account.

4d. Product replacement statement

This 'Product replacement statement' shows estimated fees and charges paid in the first year. The top of the table shows the costs of rolling in or out of the platform. The rest of the table shows the dollar cost of fees in the first year.

4e. Product replacement –

4e. Product replacement –(Continued)

* MER Ranges from 0.35% to 1% and Model Fee ranges from 0.59% to 1.74% depending on investment allocation.

5. Basis for recommendation

Outlined below is detailed information on how and why we believe the recommendations aim to achieve your financial needs and objectives.

• You will build wealth in a tax effective manner. The future investment earnings on the amount contributed will be taxed at a maximum rate of 15% (10% on capital gains). If these funds were invested outside of superannuation, these same earnings may be taxed at your marginal tax rate (including the Medicare Levy) if owned by you personally.
• Your funds will be invested according to your personal and individual risk profile.

5a. Why are these recommendations in your best interest?

Detailed below are the reasons why we believe these recommendations are in your best interest.

• The recommended superannuation fund has a wide range of investment options that allow you to meet your risk profile and be sufficiently diversified.
• The recommended IndexInvest investment options within the SMARTwrap superannuation service have a demonstrated long-term history of capital growth at lower risk.

5b. Disadvantages and risks of the recommendations

The specific disadvantages and risks associated with this advice are:

• Where investments held in your current superannuation fund are sold prior to rolling over your benefit to another superannuation fund, a rising investment market may esult in less investments being purchased within your replacement superannuation fund.
• Investing for potentially higher returns usually comes with higher risks. The performance of your investment is not guaranteed and there is the potential for capital losses. In some circumstances, your investment may become illiquid.

6. Alternative Strategies

6a. Alternative Strategies Considered

In evaluating your circumstances and goals, we considered several strategy alternatives. Ultimately, these were rejected on the basis we did not believe they adequately addressed your needs. These strategies are as follows:

1. Establish a Self Managed Superannuation Fund (SMSF). Whilst affording significant control and influence over investing activity, issues associated with responsibilities of trusteeship and performance management limit the suitability of this structure.
2. Retain the existing account. You indicated, and we concur that the existing account/s has not delivered to your expectations and have a limited prospect of doing so.
3. Access any other of the myriad public offer super accounts. Your request for seeking our advice is to access the IndexInvest model strategies. These are available only on selected super platforms.

7. Advice fees

This section outlines the costs of our service and advice.

7a. Fee for service

7b. Upfront

There are no upfront fees for service.

7c. Ongoing

8. What happens next?

In order to proceed with our recommendations you need to do the following:

8a. Paperwork

• Ensure you have read and understood this statement of advice
• Ensure you have read and understood the relevant Product Disclosure Statements for the products recommended
• Sign the attached Authority to Proceed;
• Sign and complete the application form to switch your investments
• Arrange for any recommended contributions to be directed to the new platforms

8b. Authority to proceed

I, , acknowledge that I:

• Have received this SoA dated  and have read and understood it
• Have received Product Disclosure Statements for all recommended products and have read and understood these
• Acknowledge having received a Financial Services Guide (FSG)
• Acknowledge my Tax File Number has been obtained and retained on record.
• Understand that this SoA is not intended for any other person
• Agree that the information on which this SoA is based on, is correct
• Understand that any projections are estimates only and not guaranteed
• Understand the risks associated with the recommended strategies and investments
• Understand the fees that will be incurred by implementing the recommendations
• Understand that future legislative and economic changes may impact on the recommended strategies and investments

8b. Authority to proceed (continued)

Signed by Holzworth Partners:

Date: