Financial Services Guide

This FSG is provided to give you key information about the types of financial services we may provide to you.

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Privacy Policy

At Koda Capital we respect your privacy. 

We collect information about you to allow us to provide our services to you as efficiently as possible and because we are required or authorised by law to collect some information.  An example of this is the information required to verify your identity under the terms of the Commonwealth Anti-Money Laundering law.

The type of information we collect includes:

information that allows us to establish your identity, such as your name, postal or email address, telephone numbers and date of birth; and

financial information, such as your tax file number.

We may receive information from you that we did not ask for.  If this happens we will check whether that information is reasonably necessary for us to provide our services to you.  If it is we will treat the information the same way that we treat information we have sought from you; i.e. it will only be used to allow us to provide our services to you as efficiently as possible.  If the information does not fall into this category we will destroy it.

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Continuing Professional Development (CPD) Policy

1. Overall Approach to CPD

As part of the new professional standards which commenced in 2019, Koda, as a holder of an Australian Financial Services Licence (AFSL), is required to comply with CPD standards for all financial advisers (‘advisers’) who provide personal advice to retail clients (‘clients’) as defined by the Corporations Act 2001.

The overall goal is to ensure advisers (relevant providers) maintain the competence to provide appropriate advice to clients by completed ongoing training in relevant areas. The training includes both knowledge and skills.

The overall approach is in line with the minimum total CPD requirements and tailored to each individual adviser to endure all areas are suitably covered.

As a baseline, all advisers will complete a minimum of 40 hours of qualifying CPD, of which 70% will need to be approved by Koda. These hours will include the following categories:

CPD Category Minimum Hours
Technical Competence 5
Client Care and Practice 5
Regulatory Compliance & Consumer Protection      5
Professionalism & Ethics 9

Before the commencement of 2019, Koda’s annual training plans were aligned with the financial year, running from 1 July through 30 June.

Given this legacy, Koda will be relying upon the concession for a pro-rata approach for the new CPD requirements, meaning that in the 18 months that follow January 2019, advisers will be required to complete 60 hours of CPD (with the mandatory categories also applied on a pro-rata basis).

2. Process For Approving CPD Activities

CPD activities are recorded in an online training system known as Kaplan Professional (‘Kaplan’) which allows oversight and approval by the training manager (the Head of Risk & Compliance). Before training will be allocated to an adviser’s CPD plan, it will be reviewed by Koda’s training manger.

Koda will review CPD from the following categories:

a) Formal education - provided by an Education Provider, including bridging courses and approved degree studies up to a maximum of 30 CPD hours per year.

b) Non-formal education including:

  • Workshops, conferences, information sessions, or other methods where relevant materials are taught (in a variety of online and offline mediums, including written, visual and audio content)
  • Professional or Technical reading – up to a maximum of 4 hours
  • Training related to professional designations (e.g. CFP)
  • Training relating to specific advice areas (securities, superannuation).

CPD will be reviewed by Koda’s training manger considering the following elements:

  • The relevant expertise of the training provider
  • The level of assessment of the training (whether structured assessment is applied)
  • The time taken to complete the training
  • Other elements deemed appropriate by the licensee.

3. CPD Plans for Financial Advisers

Each Koda adviser will have an individualized training plan which meets the total CPD requirement, as well as the mandatory categories. The specific knowledge and skill areas will be allocated to ensure each adviser maintains the competence to provide advice in relevant areas.

4. Relevant Training Providers

Koda’s training manager will review all CPD training submissions to assess the content and trainer provider to determine the suitability of training to be credited as CPD.

5. Approach For Different Circumstances

a) Relevant providers changing licensees

In determining if it will grant CPD hours for an adviser who has changed licensees, Koda will make reasonable efforts to obtain the records of previous CPD training and recognize those hours subject to assessment on a case-by-case basis.

b) Part time providers

Part time advisers will be required to complete a minimum of 36 CPD hours, with mandatory CPD categories applied on a pro-rata basis.

c) Extenuating circumstances

  • Parental leave
  • Disability
  • Medical leave

For the circumstances referenced above, Koda will perform an assessment on a case-by-case basis to ensure the adviser continues to maintain the competency to provide advice in all relevant knowledge and skill areas. This will include (but not be limited to) structured training on relevant regulatory changes that apply to relevant advice areas and clients. The extent of training will depend on the nature and duration of leave.

6. Relevant Providers Who Have Recently Completed Their Professional Year

Koda will exercise discretion in determining whether to apply training conducted in the professional year as part of CPD on a pro-rata basis.

7. Evidence Of CDP And Record Keeping

Koda will maintain records of all completed CPD training for advisers for a minimum of 7 years after the relevant training period. This information will be stored via Koda’s online training system, Kaplan.

8. Auditing Compliance With The Policy

Each adviser will have their progress tracked on a quarterly basis, with any pro-rata divergence from the policy to result in one-one consultation Koda’s training manager. Additionally, CPD progress is reported to Koda’s Risk & Compliance Committee every 2 months, with the progress shared with Koda’s Responsible Managers on an ongoing basis.

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Disclaimer

Any views expressed on this website or contained in other materials provided or distributed by Koda Capital Pty Ltd have been prepared (unless otherwise explicitly expressed) without taking into account your personal objectives, financial situation, or needs. Before acting on any advice found on this website, or expressed within material provided by Koda Capital Pty Ltd, Koda Capital Pty Ltd recommends that you consider whether the advice is appropriate for your circumstances.

This website and other Koda Capital materials may contain references to financial product(s). Koda Capital Pty Ltd recommends you consider the Product Disclosure Statement (PDS) or other disclosure documents for the products(s) before making any decisions regarding acquiring the products or otherwise.