Updates to your
client documentation
We've updated our documents to reflect our new corporate branding and enhanced fee disclosure obligations.
We've updated our documents to reflect our new corporate branding and enhanced fee disclosure obligations.
We have updated some of the information contained in our client documentation to reflect changes to our corporate branding and to comply with the enhanced fee disclosure obligations as required by the Corporations Act 2001 (Cth). A summary of the changes made to each document is contained below. We advise that you take the time to read each document.
We note that the update to the LGT Crestone Client Documents does not result in any change in your rights and obligations under your existing arrangements with us, or expand, modify or otherwise alter the nature of your relationship with us.
| Document | Summary of update |
| Account Terms and Conditions | Following the appointment of FinClear Execution Ltd as the new Service Provider for execution, clearing and settlement in domestic listed securities for Broker Sponsored and Issuer Sponsored accounts, we no longer act as the Controlling Participant for Broker Sponsored accounts. Consequently, Schedule 1 (‘Explanation of the Sponsorship Terms’) and Schedule 2 (‘Sponsorship Terms’) have been removed. Section 5 (‘Administration and Reporting Terms’) has been inserted to provide you with information regarding our administration and reporting services. |
| Financial Services Guide | Sections 2.1 (‘Fees and other costs’), 2.4 (‘Other Fees associated with our Transaction services’) and 2.6 (‘Commissions we receive from Financial Product issuers and other Service Providers’) have been amended to include greater detail regarding the standard Fees and other benefits that we may receive for the financial services that we provide to you, including in respect of:
|
| Investor Directed Portfolio Service Guide | Section 6.1 (‘Fees and costs’) has been updated to provide greater clarity regarding the Fees and costs that you may be charged if you have an Asset Advisory or Wealth Advisory account. This applies to the Investor Directed Portfolio Service Guide and the Investor Directed Portfolio Service Guide Financial Intermediary Clients. |
| (together, the LGT Crestone Client Documents) |
We have also taken the opportunity to update our Privacy Statement that describes how we manage the personal information of our clients, business partners and employees. The updated Privacy Statement is available here.
These updates are intended to make the Privacy Statement easier for you to understand and to ensure that all of the ways we handle your personal information are clearly and accurately described and captured in one place.
The updated Privacy Statement includes the following changes:
If you have any other questions about any of the information contained in this letter, please contact your adviser or James Karpouzis (Head of Legal, LGT Crestone) at legal@lgtcrestone.com.au. If we do not hear from you within 10 business days, we will deem that you have read and accepted the LGT Crestone Client Documents and the Privacy Policy.