DISCLOSURE STATEMENT

Dated:
Name of advisor/principal officer:  Bernie Cook.                   
Contact details:
Phone: 09-536 4691
Email: bernie@cooks.co.nz
Website: www.cooks.co.nz
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Introduction
I am required by the Securities Markets Act 1988 and the Securities Markets (Investment Advisers and Brokers) Regulations 2007 to disclose certain information about me to you.
Section 1:  Disclosure of experience, qualifications, professional standing etc
Who do I work for?
I am a self employed mortgage broker and owner/director of Berose Ltd a duly incorporated company trading as Cook Home Loans.
Qualifications

I keep my qualifications up to date by attending training sessions with the accredited lenders and other industry organisations such as the Prosper Group and the New Zealand Professional Advisors Association.

Professional Associations
In addition to the above qualifications I am a member of the following associations:

My Role
When I give advice I follow the recognised nine step process below:
1, Establishing the client-advisor relationship;
2. Gathering client data and determining client goals and expectations;
3. Analysing and evaluating the client’s position;
4. Preparing loan applications;
5. Presenting applications to the appropriate banks or lending institutions;
6. Negotiating the terms and conditions of the loan(s);
7. Structuring the loan(s) to achieve the best outcome over an optimum period;
8. Monitoring the progress of the loan and providing updated information when required;
9. Refixing or restructuring your loan(s) as required.
The services I provide will depend on your needs and may include any or all of the services detailed in this Disclosure Statement.
Professional Indemnity Insurance
I have professional indemnity insurance cover through The Professional Advisors Association Incorporated.

Dispute resolution
The Professional Advisors Association Incorporated (of which I am a member) operates a complaints resolution service that provides you with a forum to raise a complaint about me where I (as a member) cannot resolve the dispute to your satisfaction.  If you wish to use the service, please contact

Chief Executive Officer
Professional Advisors Association
PO Box 38-105
WELLINGTON MAIL CENTRE
Section 2:  Disclosure of criminal convictions etc
Principal Officer of an incorporated Company
I have not been:

Section 3:  Fees
I am paid a commission by the lending institution that provides your loan. If you repay all or part of your loan within 18 months, this commission may be clawed back from me partially or in full. Some lenders pay a trailing commission based on the amount owed from time to time.
I may charge you a fee to be agreed upon between us in addition to or instead of these commissions, but you will be informed of this at or prior to the initial meeting. The main reason for this is if you intend to repay your loan within 18 months or if no commission is payable from the lender for the work done.
Section 4:  Disclosure of interests and other relationships
I am not required to place any level of business with any supplier or financial organisation.
Neither I nor any associate has any other financial or other relationship with any other person that would be reasonably likely to influence me in giving mortgage advice.

I do not offer advice on financial investments of any kind.
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