This Disclosure Statement explains who I am, what advice I offer, how I am paid, and what steps I take to manage any conflicts. It is designed to help you decide whether to engage my services and to provide clear, honest information about the financial advice I provide.
Who Am I
Financial Advisor
Andre-Paul Stokes
Address: 103 Huntington Drive, Huntington, Hamilton, 3210, New Zealand
Phone: 027 451 6485
Email: info@mainz-ltd.com
FSPR Number: 68562
Name of Financial Advice Provider:
Mortgage and Insurance New Zealand Limited (trading as Mortgage and Insurance NZ Limited)
Phone: 027 4516 485
Email: info@mainz-ltd.com
Website: www.mortgageandinsurance.co.nz
FSPR Number: 733012
Mortgage and Insurance NZ Limited is a member of NZ Financial Services Group Limited.
Licensing Information
My Financial Advice Provider is licensed by the Financial Markets Authority (FMA) to provide financial advice. This means we operate under the rules set out in the Financial Markets Conduct Act 2013 and follow the required Code of Professional Conduct for Financial Advice Services. You can verify our licensing details on the Financial Service Providers Register.
What Advice I Provide
I offer personalised advice in two main areas:
- Mortgage Advice: Helping you choose and apply for a loan that suits your needs from a selection of lenders.
- Insurance Advice: Helping you select and apply for personal insurance from a panel of insurers.
I will work with you to determine your needs and recommend products and services that best match your situation. I do not provide legal or tax advice; if needed, please consult your solicitor or accountant.
Banks and lenders I use
I source mortgage and loan products from the following lenders:
- ANZ
- Westpac
- BNZ
- ASB
- ASAP Finance Limited
- Avanti Finance
- Cressida Capital
- DBR
- First Mortgage Trust
- Heartland Bank
- Liberty Financial Limited
- Unity
- Pepper
- SBS Bank
- Southern Cross
- Sovereign
- The Co-operative Bank
- Basecorp Finance
- Zip Business
- CFML
Insurers I use
I source insurance products from a panel of insurers including:
- AIA New Zealand Limited
- AMP Limited
- Asteron Life Limited
- Booster SmartCover
- Chubb Insurance NZ Limited
- Fidelity Life Assurance Company Limited
- nib NZ limited
- PartnersLife
- UniMed
Products I can help you with
I can provide advice on a wide range of financial products, including:
Loans
- Home Loans
- Investment Loans
- Construction Loans
- Commercial Mortgages and Finance
- Personal and Vehicle Loans
- Professional Migrant and Trans-Tasman Mortgages
- Reverse Annuity / Equity Release
Insurance Products
- Public and Professional Liability Covers
- Life Cover and Accidental Death Cover
- Disability Income Protection Cover
- Trauma Cover
- Total and Permanent Disability Cover
- Business Continuation and New to Business Insurance Covers
- Mortgage Protection Insurance Cover
- Medical and Health Insurance Cover
- Key Person Protection Insurance Cover
- Waiver of Premium Cover
- ACC – Cover Plus and Cover Plus Extra
Other Services Offered
In addition to mortgage and insurance advice, I can connect you with specialist services through my referral partners. These include:
- Tower – F&G
- Asset Finance
- Koura Wealth
- UK Pension Transfers
- XE Money
- Booster KiwiSaver
- Generate KiwiSaver
- Blanket Insurance – Hollard Insurance Company Pty Ltd. Administration and claims handling by Ando Insurance Group Limited
If you are interested in KiwiSaver advice, please let me know and I will provide further details about the partners I work with.
I am unable to offer legal or tax advice and recommend you consult your solicitor or accountant for this type of advice.
Fees and expenses
General Advice:
I generally do not charge you a fee for the financial advice I provide because I receive a commission from the lender when your loan settles (please see the section on commissions below).
One-Off Fees:
No Commission Received: If I provide advice and do not receive a commission from the lender, I may charge a one-off fee. This fee will be agreed in writing beforehand and based on the time I spend on your case.
Repayment of Commission: If, within 28 months of your loan drawdown, your loan is partially or fully repaid or its terms change significantly and I am required to repay commission to the lender, I may charge a one-off fee. This fee, which will not exceed the amount of commission I must repay, is calculated at a rate of $250 per hour (plus GST if applicable) and capped at $3,000 (plus GST if applicable). You will be invoiced for this fee with 30 days for payment.
Other Charges:
If you do not settle a finance pre-approval within six months, if you withhold important information, or if you engage another adviser or lender before, during, or after the pre-approval process, Mortgage and Insurance New Zealand Limited may charge a fee of up to $250. This fee will be invoiced with 30 days for payment. You may receive a rebate of this fee at a later stage if a loan is successfully settled through our services.
Commissions & Incentives
How I Am Paid:
On settlement of your loan, I usually receive a commission from the lender. This includes an upfront commission (a percentage of your loan amount at drawdown) and, in some cases, an ongoing trail commission (a percentage of the outstanding loan amount). I might also receive a fixed “refix fee” if I assist with a loan refix.
Commission Details:
A table with specific percentages for each provider is below. If your application has any unique commission arrangements, I will explain these to you before we proceed.
Referral Fees:
If I refer you to a referral partner and you open an account, I may receive a referral fee or commission. I will fully explain how these fees are determined before making any referral.
Incentives:
Sometimes, I might receive gifts or rewards from lenders. I manage any potential conflicts of interest by following a strict advice process that prioritises your needs.
| Lender | Upfront | Trail | Refix |
| ANZ | 0.85% | 0.00% | $150.00 |
| Westpac | 0.90% | 0.00% | $0.00 |
| BNZ | 0.55% | 0.15% | $0.00 |
| ASB | 0.85% | 0.00% | $150.00 |
| ASAP Finance Limited | 0.80% | 0.00% | $0.00 |
| Avanti Finance | 0.80% | 0.00% | $0.00 |
| Cressida Capital | 1.00% | 0.00% | $0.00 |
| DBR | 1.00% | 0.00% | $0.00 |
| First Mortgage Trust | 1.00% | 0.00% | $0.00 |
| Heartland Bank | $1,500 | 0.25% | $0.00 |
| Liberty Financial Limited | 0.60% | 0.15% | $0.00 |
| Unity | 0.50% | 0.00% | $0.00 |
| Pepper | 0.60% | 0.15% | $0.00 |
| SBS Bank | 0.80% | 0.00% | $150.00 |
| Southern Cross | 1.00% | 0.00% | $0.00 |
| Sovereign | 0.60% | 0.20% | $0.00 |
| The Co-operative Bank | 0.85% | 0.00% | $150.00 |
| Basecorp Finance | 1.00% | 0.00% | $0.00 |
| Zip Business | 1.00% | 0.00% | $0.00 |
| CFML | 1.00% | 0.00% | $0.00 |
| Insurer | Upfront | Renewal |
| AIA New Zealand Limited | 200% | 8% |
| AMP Limited (RRP) | 0% | 0% |
| Asteron Life Limited | 200% | 5% |
| Booster SmartCover | 0% | 33% |
| Chubb Insurance NZ Limited | 220% | 7.5% |
| Fidelity Life Assurance Company Limited | 240% | 17% |
| nib NZ limited | 140% | 5% |
| PartnersLife | 220% | 10% |
| UniMed | 15% | 15% |
| Referrer | Upfront | Trail |
| Booster KiwiSaver | 0% | 0.50% (up to 200K) 0.35% (between 200-500k) 0.25% (over 500k) |
| Blanket Insurance | 0% | 0% |
| Generate KiwiSaver | 0% | 0.125% |
| Koura Wealth | To be advised by Koura wealth | 0.30% of fee |
| Tower Insurance | 0.10% | 0.05% |
| UK Pension Transfers | $250 (Transfer up to £49,999) $500 (Transfer between £50,000 to £74,999) $750 (Transfer between £75,000 to £99,999) $1,000 (Transfer over £100,000) | |
| XE Money | 75% (of the 27% commission of the gross profit) |
Managing Conflicts of Interest
I strive to always place your interests first. Although I typically do not charge fees for advice, I do receive commissions from service providers. I manage any potential conflict by:
- Ensuring that my advice is based solely on your needs and circumstances.
- Recommending products that meet your requirements—not those that provide me with a higher commission.
- Clearly disclosing all fees, commissions, and any other incentives that may influence my advice.
Privacy & Security
Your privacy is very important to me. I will collect and store your personal information securely in line with my Privacy Policy. I use a secure platform hosted on Amazon Web Services to protect your data, and I will not share your information with any third party except as required by law or as described in my Privacy Policy.
Complaints Process
If you are unhappy with any aspect of the advice or service provided:
- Step 1: Contact me directly (via phone or email) and explain your complaint. Please include your full name and details of your concern.
- Step 2: I will acknowledge your complaint within 24 hours and work with you to resolve it, with a target response time of 7 working days.
- Step 3: If we cannot resolve your complaint satisfactorily, you may refer it to our external dispute resolution service:
Financial Services Complaints Limited
Member: # 220
Phone: 0800 347 257
Email: complaints@fscl.org.nz
This external service is free and independent.
My Duties as a Financial Adviser
I am committed to:
- Maintaining the competence, knowledge, and skills required by the Code of Professional Conduct for Financial Advice Services.
- Treating your interests with priority and providing advice that is clear, suitable, and objective.
- Exercising care, diligence, and skill in all my interactions.
- Complying with all legal and ethical standards set by the Financial Markets Authority.
Final Acknowledgment
I declare that the information in this Disclosure Statement is true and complete to the best of my knowledge, and I will provide any further details you need to make an informed decision about using my services.
Please feel free to ask me any questions or request clarification on any part of this Disclosure Statement at any time.