General Advice Warning
Important information about the nature of financial advice and the importance of considering your personal circumstances.
Important Notice
Any advice provided on this website or in our communications is general advice only and does not take into account your objectives, financial situation, or needs. You should consider whether the advice is suitable for you and your personal circumstances before acting on it.
What is General Advice?
General advice is financial product advice that is not based on consideration of your relevant personal circumstances. This means that when general advice is provided, the adviser has not considered:
- • Your financial objectives and goals
- • Your current financial situation and assets
- • Your particular needs and circumstances
- • Your risk tolerance and investment timeframe
- • Your personal preferences and values
Because general advice does not consider these personal factors, it may not be appropriate for your specific situation.
Personal Advice vs General Advice
Personal Advice
- • Considers your personal circumstances
- • Tailored to your specific needs
- • Requires detailed fact-finding
- • Documented in a Statement of Advice
- • Higher level of regulatory protection
General Advice
- • Does not consider personal circumstances
- • One-size-fits-all approach
- • Often provided in educational content
- • No formal advice documentation
- • Requires you to assess suitability
Before Acting on Any Advice
Before making any financial decisions based on information or advice you receive, you should:
Assess Suitability: Consider whether the advice is appropriate for your personal circumstances.
Review Documentation: Read all relevant Product Disclosure Statements (PDS) and Target Market Determinations.
Understand Risks: Consider the risks involved and whether you can afford potential losses.
Seek Personal Advice: Consider obtaining personal financial advice tailored to your circumstances.
Ask Questions: Don't hesitate to ask for clarification or additional information.
Take Your Time: Avoid making rushed decisions with your finances.
When to Seek Personal Advice
You should consider seeking personal financial advice when:
- • Making significant financial decisions
- • Your circumstances have changed (marriage, divorce, new job, retirement)
- • You're unsure about the suitability of a financial product
- • You need help developing a comprehensive financial strategy
- • You want advice tailored to your specific goals and situation
Our Commitment
At Summit Wealth Group, we are committed to providing clear and transparent information about the nature of any advice we provide. We will always:
- • Clearly identify whether advice is general or personal
- • Provide appropriate warnings about general advice
- • Encourage you to consider your personal circumstances
- • Recommend you seek personal advice when appropriate
- • Provide access to relevant product documentation
Contact Us
If you would like to discuss your personal circumstances and receive tailored financial advice, we encourage you to contact us to arrange a consultation.
Phone: (03) 9509 0928
Email: contact@summitwealthgroup.com.au
Address: Waterman Business Centre, Suite 25, Level 2, 1341 Dandenong Road, Chadstone, VIC 3148
Disclaimer
This General Advice Warning is provided to comply with the requirements of the Corporations Act 2001. It is designed to help you understand the difference between general and personal advice and to encourage you to consider your personal circumstances before making financial decisions. This warning applies to all general advice provided by Summit Wealth Group through any medium, including but not limited to our website, social media, newsletters, and general communications.