Disclosure - Michael McCarthy
27/03/2024
About Me
Michael McCarthy
My FSP number: 308886
My Contact details: Address: 9 Hopetoun Street, Freemans Bay, 1011, Auckland]
Phone: 09 218 3878 / 021 364848
Email: mike@theinsuranceadviser.co.nz
I am a financial adviser and provide advice on behalf of Virtual Communications Limited Trading as The Insurance Adviser, FSP1006610, who are licensed as a Financial Advice Provider by the Financial Markets Authority.
Both Virtual Communications Limited and I are registered on the financial service providers registry, which can be viewed at
fsp-register.companiesoffice.govt.nz
Relevant History / Qualifications
I’ve been working as an Insurance Adviser since 2013. During this time I also completed my NZ Certificate in Financial Services Level 5. I am also highly involved in the community as a volunteer at the Takapuna Cricket Club. I also won NZ Cricket’s Volunteer of the year back in 2017.
My Services Personal Risk (Life, Income, Disability & Health Insurances)
I provide personalised advice that considers your individual circumstances to determine the personal risk products that best meet your personal goals and needs.
My recommendation is limited to the products offered by the following companies:
AIA ASTERON CHUBB PARTNERS LIFE FIDELITY LIFE NIB
To ensure that advice remains accessible, I will not charge an upfront fee for providing personal risk insurance advice or for implementing advice if you decide to proceed.
In place of an upfront fee, we (Virtual Communications Ltd/The Insurance Adviser) are paid a commission by the recommended insurance provider from the premium they charge you for your cover. This commission will range from 140% to 220% of the first year’s premium, depending on which insurance company you take out cover with. I will then receive a servicing commission of 7% of the annual premium for the Life of the policy. I will confirm the amount of commission that is received when I provide my recommendation to you.
General Insurance
I do not provide advice on general insurance; however, I can refer you to a general/commercial insurance broker. For which I may receive a referral fee.
Referral commissions range from 3.75% to 6.25% of each premium, depending on which insurance products you take out cover with, after taxes and levies.
I Work for You
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 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.
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:
Scheme: Financial Dispute Resolution Service (FDRS)
Address: Level 4, 142 Lambton Quay, Wellington 6011
Telephone number: 0508 337 337
Email address: enquiries@fdrs.org.nz