IronOak Financial Services Ltd (IronOak) is a registered Financial Advice Provider (FSP704391) and as of 6th September 2022 holds a full Class 2 licence under which a number of Financial Advisers are currently authorised to operate. Existing Financial Advisers are Daniel Smithwood (FSP245265), Daniel Wu (FSP774959), Mathew Harrison (FSP464206) and Richard Bright (FSP382886).
IronOak Financial Services Ltd is licenced by the Financial Markets Authority (FMA) to provide financial advice services. IronOak predominantly provides personal and business risk insurance advice along with generalised KiwiSaver advice, assistance with ACC structuring for the self-employed and domestic insurance advice & options.
IronOak has agreements in place with the following providers: Accuro, AIA, AMP, Asteron, Cigna, Fidelity, Partners Life, nib, Southern Cross, Generate, Booster, NZ Funds and Blanket.
IronOak receives a commission from these providers based on new business being taken out by clients. IronOak may also receive a referral fee or commission share for recommending clients to an external provider such as a Mortgage Adviser or a Commercial Insurance broker. All commissions & fees are disclosed to clients before a new policy is put in force or loan drawdown.
IronOak does not charge a fee for any of its services and is required by law to only operate in the clients' best interests. Consistency of advice (via the accepted 6-step process), ongoing training, attainment of the NZ Certificate in Financial Services (Level 5), adherence to the Code of Professional Conduct and regular audits of client files ensure that clients' needs are placed first.
IronOak has an internal complaints process (email admin@ironoak.co.nz for a copy) and is a participant of the Insurance & Financial Services Ombudsman Scheme. The IFSO provides an external, independent and free (to clients) Dispute Resolution service.
As a Financial Advice Provider, all Financial Advisers operating under IronOak's licence must:
With the right business insurance, you’ll have a contingency plan to protect your business should you, a shareholder or key person be affected by illness, injury or death. Ensure you have a protection plan that is customised to address the areas of risk that impact you and your business.
Your good health and your ability to earn an income are your two most important assets. If you suffered an illness, injury, disability or even passed away, how would your financial future, or that of your loved ones, be affected? Personal insurance helps protect you and your family should the unexpected happen, by giving financial flexibility at a difficult time.
I took out an income protection policy (along with other benefits) with Daniel a few years back. The policy was still very new when I had to make a claim. I was pregnant at the time and at the 3-month mark I injured my back. I was so well supported by Daniel and he made what could have been a very difficult claim an easy one. It was such a relief to have the support of Daniel and the policy at a critical time. My initial apprehension of 'another' policy proved unfounded and the investment truly paid off. I didn't have to stress about how I was going to cover my expenses and was able to focus fully on my health and recovery."