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
• 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:

• To review your current circumstances and analyse the suitability of your current superannuation portfolio.
• To grow your superannuation capital.
• To invest consistent with your level of comfort and knowledge.

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:

• Based on the review of your current circumstances, we recommend that you make no changes to your retail superannuation.
• We recommend that you review your portfolio on a regular basis.

1d. Outcomes of our advice

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

• Taking into account your current circumstances and external factors your retail super continues to meet your personal objectives and circumstances.
• Your superannuation investment will be regularly reviewed.
• You will have constant access to our qualified advisers to address your financial needs over time.
• You will receive regular reporting and 24/7 access to your super account.

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. Children and dependants

2b. Superannuation

2c. Personal insurances

We have no records of any personal insurance and you have requested that we don’t review your personal insurance needs at this stage. We recommend that if any of your circumstances change please contact us to review your insurance needs.

3. Investing

3a. Risk Profiles Illustrated

3b. Your Investment

, your superannuation has a long time frame and it is agreed that the risk profile of will help you achieve growth over a long period of time. We recommend you read the Superannuation Account Product Disclosure Statement (‘PDS’) and Reference Guide which can be accessed at https://www.hub24.com.au/Super/Documents. Additionally, we recommend that you review the attached- Investment Education Guide. .

4.Superannuation

4a. Recommendations

Retain current superannuation

, your portfolio structure, asset allocation and investments should continue to meet your specific needs and circumstances. This needs to be formally reviewed, at any time your personal circumstances change, including changes to your risk tolerance, or risk capacity.

4b.Fee Disclosure Statement

This 'Fee Disclosure 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.

Product replacement –

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.
• The recommended investments have been selected from our approved products list on the basis they may achieve long-term capital growth with some income.

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

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

• Your superannuation fund has a wide range of investment options that allow you to meet your risk profile and be sufficiently diversified.

5b. Disadvantages and risks of the recommendations

The specific disadvantages and risks associated with this advice are:

• 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. Access any other of the myriad public offer super accounts. You risk potential further cost if you were to switch your superannuation balance to another provider.

7. Advice fees

This section outlines the costs of our service and advice.

7a. Ongoing

There are no ongoing fees for service.

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:

Disclaimer

Parts of this report have been created using the AdviceOS software (the software) that has been developed by Midwinter Financial Services Pty Ltd (Midwinter). The calculations and outputs in this report have been generated based on assumptions and inputs provided by you and your financial planner. The projected figures included in this report are not guaranteed and may vary from actual results. The projections are for illustration purposes only. All calculations should be considered indicative only and changes in any of the specified assumptions or inputs may have a significant effect on the projected outcomes. The software outputs cannot predict or take into account any changes to your circumstances. All projected figures are based on current tax legislation and assumes the laws will remain unchanged (unless otherwise specified). If you use or apply any estimate, you are solely responsible for that use or application. This report should not be taken as a recommendation to follow a particular course of action.

While all reasonable care has been taken when creating the software and its output reports, Midwinter provides no warranties and makes no representation that the information generated is appropriate for your particular circumstances. Midwinter cannot guarantee the software will be free of errors or suitable for any user's intended purposes. To the extent permitted by law, under no circumstances will Midwinter, its employees and its related companies be liable for any loss or damage caused by reliance on information obtained by using AdviceOS or its output reports. Midwinter is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, in this report.

The parts of this report which have been prepared by Midwinter Financial Services Pty Ltd (ABN 22 121 020 620) with information obtained from various sources deemed to be reliable. The two primary sources of data are Morningstar Australasia Pty Ltd (ABN 95 090 665 544 AFSL 240 892) and InvestmentLink Pty Ltd (ABN 65 062 979 631). The report is not guaranteed to be completely accurate and should not be relied upon as such. Past performance is not necessarily indicative of future results. This report is not investment advice and has been prepared without taking into account any investor's objectives, financial situation or needs. Therefore, you and your client should consider whether the fund(s) discussed is an appropriate investment for your client. Please obtain the current Product Disclosure Statement and any other information available from the fund manager before making any decision or recommendation in relation to a particular fund.

We disclose that IndexInvest Pty Ltd is a related entity and part of the Holzworth Partners Group. No referral or other fee is paid to or from these entities in relation to services provided.