Hi. I’m Regan. I love hearing your stories and catching up on your latest news, and how that fits with your dreams, goals and plans. This gives you peace of mind
that a sensible backup plan is in place, while you live the life you really want. Throughout my career I have accumulated valuable tools and experience, allowing me to support you with your finances. This gives you more time to do the things that you enjoy. Prior to becoming a financial adviser in 2002 I had six years in bankng, which served as a great introduction to the world of finances.
I am a Registered Financial Adviser, and Managing Director of MoneyTree. I’m and an active member of Financial Advice NZ, and holder of their ‘Trusted Advser’ mark. I hold multiple NZ Certificates in Financial Services at Level 5.
I enjoy the challenge of leadership roles within both the business and school communities. I am actively involved with a business networking group
and have served on my children’s school Board of Trustees, club committees and as a Mentor for Business Mentors NZ.
I am married to Jamie and together we have two children, and a few pets. I have an addiction to old cars – weekends are often spent cruising in or working on my ’59 Chevy or one of our VWs. I also enjoy playing squash regularly and then making up for it by cooking up a storm on my homemade charcoal BBQ.
My name: Regan Thomas
My FSP number: FSP74521
My Contact details:
Address: 29A Moerangi Street, West End, Palmerston North 4410
Phone: 021 244 7074
Email: [email protected]
I am a financial adviser and provide advice on behalf of MoneyTree Financial Services Ltd (MoneyTree), who are licensed as a Financial Advice Provider by the Financial Markets Authority.
Both MoneyTree and I are registered on the financial services provider registry which can be viewed at fsp-register.companiesoffice.govt.nz
My Services
Insurance Home Loans KiwiSaver
Personal Risk Insurance (life, income, disability & health)
I provide personalised advice that takes into account your individual circumstances to determine the personal risk products that best meet your personal goals and needs.
Business Risk Insurance (key person, shareholder agreement, group scheme)
From key person cover to shareholder protection, I provide considered advice that takes into account your unique business circumstances to determine the risk products that best meet your personal goals and needs.
For personal and business risk my recommendations are limited to the products offered by the following companies:
– Accuro
– NIB NZ
General Insurance
I am qualified and MoneyTree has a Licence to provide Fire and General Insurance advice. MoneyTree has agreements with Blanket, Star Insurance and Futurisk General Insurance to provide house, car & contents insurance by referral. Each provider has their own licence, and provides advice to clients in their own right. I may provide additional advice alongside the providers or present to you their advice/recommendations unless the provider presents it themselves.
Home Lending
I can provide general advice to help clients manage their home loans regardless of their bank. I can also source home loans through the provider I work with – AIA Home Loans (formerly Sovereign Home Loans). In cases where your needs are complex or not suitable for AIA Home Loans I refer to a specialist Mortgage Adviser.
KiwiSaver and managed investment products
I am able to provide advice for KiwiSaver products and managed investments. This involves discussing what level of financial risk you are comfortable with and recommending a fund type that best matches your attitude toward risk and the length of time until you plan on accessing your funds (from conservative through to aggressive).
Once you confirm what type of fund you wish proceed with, I will show you the relevant funds available to you through the provider I work with – Booster KiwiSaver.
Other services (usually fee-based)
- If you are self-employed or employed by your own company I can assist with reviewing your ACC cover and the CoverPlus Extra policy.
- Cashflow management – budgeting and spending planning.
- Insurance review – dealing with review of terms/loadings or general summary and review of multiple policies
How I get paid
I may charge you a fee or receive commission from the product provider. No fee is charged for an initial meeting, where the nature and scope of the work to be done is established. Where commission is paid I usually rely on that, and disclose it. Some work does not pay commission, and a fee may be required. No chargeable work will begin until scope of work, fees and/or commissions are discussed and agreed.
Commissions
MoneyTree may be paid a commission by the recommended provider from the premium they charge you for your cover, or based on the value of your KiwiSaver, or based on the amount borrowed as a home loan. Commission is paid as follows:
Life and disability insurance
- Initial Commission – a percentage of the first year’s premiums, usually ranging from 160% to 230%, depending on which insurance company you take out cover with.
- Ongoing renewal commission of between 3% and 30% of the annual premium.
Health insurance
- Initial Commission – a percentage of the first year’s premiums, usually ranging from 30% to 140%, depending on which insurance company you take out cover with.
- Ongoing renewal commission of between 5% and 25% of the annual premium.
There are a wide range of factors and options that influence the initial and ongoing commission rates. I will confirm the amount of commission MoneyTree will receive when I provide written advice to you.
Fire and General
- In place of an upfront advice fee, I receive a share of the commission paid to Futurisk, Blanket – this may be 20 to 50% of the insurance company commission.
- Star pay 10% of the company premium (excludes levies and GST)
Home Loans
- Initial Commission – 0.6% of the total lending advanced
- and a trail of 0.20% of the outstanding loan balance
- I may also charge an establishment fee which can be added to your loan. I will confirm the amount of commission and the amount of the establishment fee when I provide written advice to you.
Kiwisaver
- Initial Commission – MoneyTree will be paid no upfront fee/commission by Booster.
- Trail commission is between 0.25% and 0.50% of funds under management.
- After 12 months, and if certain conditions are met, Booster may pay a one-off marketing fee of $30.
- Generate pays a $40 fee when you sign up, and 0.2% trail
Fees for Service
Some work does not pay commission, and requires that a fee is charged direct to the client. I offer fixed pricing for some services. In certain circumstances I may agree to reduce or waive commission in exchange for a policy discount. No chargeable work will begin until scope of work, fees and/or commissions are discussed and agreed.
Fees are payable to MoneyTree upon receipt of invoice. View current schedule of fees here
Cancellation fee
If you purchase a product through us and then cancel it within 24 months, the product provider may require me to pay back all or part of the commission I received. I reserve the right to charge you a cancellation fee equivalent to a reasonable value of the work performed in providing our advice and services. An indication of such a cancellation fee amount will be advised at the time my advice is provided to you.
Relevant history / Qualifications
I have been in the industry since 2002. I have completed two National Certificates in Financial Services Level 5 [Investment Advice] and [Insurance Advice]. In 2016 I added the Fire and General standard to my NZCFS [Insurance Advice] qualification.
I keep my qualifications up to date by:
- Meeting the mandatory number of continuing professional development hours as per the continuing professional development guidelines issued by Financial Advice New Zealand
- Attending industry conferences
- Attending various courses, workshops and webinars organised by Accredited Training Organisations
- Reading widely
Professional memberships
I am a founding member of Financial Advice New Zealand, and as a condition of my membership I comply with the organisation’s code of ethics and practice standards in all facets of my practice.
Reliability history
- I have never been adjudicated bankrupt
- I have never been the subject of a Debt Repayment Order, or entered a No Asset Procedure
- I have never been prohibited from managing companies, or acting as a Director
- I have never been the subject of disciplinary proceedings before a professional body
- I have never had any criminal convictions and have had no adverse findings made against me by a court or tribunal
I Work For You
As a Financial Adviser, it is my duty to abide by the Code of Conduct for Financial Service Providers.
Although I am paid by the providers for the services I provide, it is you that I work for. To ensure I put your interests ahead of my own, I follow a 6-step advice process when providing personalised financial advice which is based on your individual goals and needs.
I further manage possible conflicts of interest by:
- Choosing product providers based on your needs and not on the commission we may receive
- Having access to a range of product providers
- I provide all my recommendations in writing so that you have the opportunity to ask any questions you might have before implementing any of my advice
- MoneyTree does not receive any volume or sales target based payments from any provider
All feedback is welcome.
If you are unhappy with any aspect of my service, please tell me so that we can manage it through my internal complaint process.
If we are unable to address your concerns, you can contact my disputes resolution scheme, at no cost to you:
Address: Financial Dispute Resolution Service
Freepost 231075
PO Box 2272
Wellington 6140
Telephone number: 0508 337 337
Email address: [email protected]
