General Financial Advice
General Financial Advice
Edge Ark Pty Ltd (AFSL No: 564271) provides General Financial Advice only. General financial advice is a recommendation or opinion about a financial product that is not tailored to your personal circumstances.
This means our advice does not take into account your individual objectives, financial situation, or needs. You should consider whether the advice is appropriate for you before acting on it.
What General Advice Covers
General advice won't consider your personal circumstances, such as your:
- income
- expenses
- assets
- liabilities
- goals
- risk tolerance
General advice may help you to identify and narrow down your options. But it won't tell you how to make the best financial decision for your personal situation.
General advice is different to factual information. Factual information can give you useful facts about a financial product, such as descriptions of:
- the basic features of a financial product
- the fees and interest rates on a new term deposit
When General Advice May Be Appropriate
You may want general advice if you:
- want to compare or confirm your understanding of different financial products. For example, the difference between a managed fund and an ETF
- are researching and learning about different financial topics
- don't want to spend money on tailored advice
You may be receiving general advice if:
- you were not asked questions about your financial situation, needs and objectives
- you are dealing with someone who will not recommend a specific product for you, but will speak generally about it
When providing general advice, the provider will:
- tell you the advice is general, meaning it doesn't take into account your own objectives, financial situation or needs
- prompt you to consider if the advice is appropriate for you before acting on it
- in some cases, provide you with a Product Disclosure Statement if the advice is about a financial product