Are you rich and savvy… or poor and stupid?

The Financial Markets Conduct Act 2013 effectively divides people into
a) the wealthy – who based on their wealth know how to make decisions on what to do with their money based on less information, or have enough money to be able to lose some – and,
b) those who are not wealthy therefore cannot make decisions on what to do with their money without significant big brother protection.
There are also some details in the middle… please refer to Bruce Sheppard’s article for more technical detail.
Answer the questions below to find out which category you fall into:
NB: Financial Products include debt and equity securities (i.e. includes term deposits, private company shares, personal company shares, debt instruments, managed funds)
 
1) What was the highest value of any investment portfolio in financial products in the last two years?
a. $0 – $499,999 [0 points]
b. $500,000 – $999,999 [1 point]
c. $1,000,000 + [5 points]
 
2) What value (cost) of financial products have you acquired in the previous two years?
a. $0 – $499,999 [0 points]
b. $500,000 – $999,999 [1 point]
c. $1,000,000 + [5 points]
 
3) What was the aggregate net asset value of all the entities in your control at balance date the last two financial years (the higher of the two)?
a. $0 – $2,500,000 [0 points]
b. $2,500,001 – $4,999,999 [1 point]
c. $5,000,000 + [5 points]
 
4) What was the aggregate turnover for all the entities in your control at balance date the last two financial years (the higher of the two)?
a. $0 – $2,500,000 [0 points]
b. $2,500,001 – $4,999,999 [1 point]
c. $5,000,000 + [5 points]
 
5) Are you in the business of investing in financial products or in the business of underwriting?
a. Yes [5 points]
b. No [0 points]
 
Now add up your scores and let’s see what your result is…

0 points: Sorry, you are poor and stupid. But we still love you anyway
This means you do not easily qualify as a wholesale investor, but there are some other exemptions available if you wish to express interest in any investments opportunities we may have which are not offers to the public under regulated disclosure . If you wish to find out more about these exemptions – please click here to email us, and someone will be in contact with you.
1-4 points: Well done, good momentum – Keep growing!
At this rate you might get out of the poor and stupid category as you are more than halfway there! This means you do not easily qualify as a wholesale investor, but there are some other exemptions available if you wish to express interest in any investments opportunities we may have which are not offers to the public under regulated disclosure . If you wish to find out more about these exemptions – please click here to email us, and someone will be in contact with you.
5-20 points: Congratulations – you are rich and savvy!
This means you qualify as a wholesale investor and are able to receive investment opportunities from companies which are not investment offers to the public under regulated disclosure. If you are interested; please click here and email us with what type of opportunities you are open to.
Please note that we are not currently seeking any investment funds from you, financial products cannot be currently applied for or acquired, and if any offer is made to you in the future, it will be made in accordance with the FMCA 2013. No indication of interest in receiving offers by leaving you contact details involves any obligation or commitment to acquire financial products.

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