Financial Services Guide

This Financial Services Guide (FSG) is an important document. It is designed to assist you in deciding whether to use any of the financial services and products offered by Montgomery Investment Management Pty Ltd ABN 73 139 161 701.

As an Australian Financial Services Licensee (AFSL No. 354 564), we are required to provide our retail investors with this FSG.

This FSG provides you with important information about:

  • The types of services and products we can offer to you
     
  • How we (and other relevant persons) are remunerated for these services and products
     
  • Our external complaints handling procedures and how you can utilise them
     
  • How you can contact both us and our responsible entities, Fundhost Limited and Perpetual Trust Services Limited.

This FSG is designed to help you understand our services and products before you use them or invest in them. Montgomery Investment Management Pty Ltd (Montgomery) operates an outsourced service provider model, which allows the key personnel to concentrate their time and energy on portfolio management, the discovery of stock opportunities and the communication with investors in the suite of Montgomery investment products.

Fundhost Limited (Fundhost) and Perpetual Trust Services Limited (Perpetual) act as responsible entities for some Montgomery funds and provide services including compliance, administration, and reporting services to Montgomery.

You will receive other disclosure documents as well if you use some of our products and services. You should read them carefully and consult with your licensed financial adviser if required.

INFORMATION ABOUT US

Any financial services offered are provided by us or our representatives. We are part of Montgomery Investment Management, an investment management group based in Sydney, Australia. Montgomery was formed in 2010.

We do not act as a representative of any other licensee in relation to the services we provide you.

OUR FINANCIAL SERVICES AND FINANCIAL PRODUCTS

We are authorised to provide the following financial services with respect to the following financial products:

Giving general advice and dealing in, amongst other things:

  • Securities
  • Derivatives
  • Foreign exchange contracts
  • Managed investment schemes (excluding investor directed portfolio services)
  • Fundhost operates The Montgomery Fund, Montgomery Alpha Plus Fund, Montgomery Global Fund and Montaka Global Access Fund as the responsible entity and Perpetual operates the Montgomery Global Equities Fund as responsible entity. These managed investment schemes may hold derivatives and financial assets.

National Australia Bank operates and provides custodial services or depository services to our managed investment schemes.

We are authorised to provide financial services to retail and wholesale clients.

PRODUCT DISCLOSURE STATEMENT (PDS)

Before you can invest in any of our retail financial products we are required to provide you with a PDS. The PDS contains important information regarding the features, benefits, risks and fees applicable to an investment in that financial product, and should be read carefully to enable you to make an informed decision about whether to invest in the financial product.

STATEMENT OF ADVICE (SOA)

A SOA will normally be given to you when you are provided with any personal advice, which takes into account your objectives, financial situation and needs. We do not provide personal advice. Therefore, we will not provide you with an SOA.

An intermediary (such as a financial planner, stockbroker or dealer group) may provide you with an SOA.

RECORD KEEPING

Fundhost and Perpetual will seek to ensure that comprehensive and accurate records of all transactions and investments undertaken, and documentation executed, are properly maintained for the Montgomery funds for which they are responsible. 

REMUNERATION OR OTHER BENEFITS RECEIVED BY US

If you invest in a financial product we provide, we will receive remuneration in relation to your investment in the financial product. This remuneration may include management fees (including transaction and ongoing fees). Withdrawal fees and transaction fees may apply. We may also be entitled to recover expenses incurred. The remuneration and expense recoveries we will receive will be set out in the financial product’s PDS.

We do not receive any fees, nor do we charge you additional fees, for providing financial product advice.

Financial advisers and intermediaries may also receive fees from you and typically, this will be disclosed in their SOA. No commission will be paid by us to financial advisors in respect of any retail investor.

REMUNERATION OR OTHER BENEFITS RECEIVED BY MONTGOMERY INVESTMENT MANAGEMENT

Our employees who give any retail investor general advice do not receive specific payments or commissions for the giving of that advice. These employees and our directors receive salaries, bonuses and other benefits from us.

Bonus payments and other benefits are discretionary, and based on achievement of predetermined objectives.

You may receive advice in relation to the products we offer from financial advisers that do not work for us. These advisers do not receive any commission from us. The adviser’s remuneration is added to the fees you may pay when investing in our products. Our fees plus those fees for the services provided by Fundhost and Perpetual including responsible entity, compliance, administration, custodian oversight and reporting services are set out in the PDS for the financial product. Your adviser is also required to set out the remuneration they receive in their FSG and SOA which they must give to you.

Various members of Fundhost and Perpetual and their directors and employees provide certain financial, information technology, human resource and other services to us to enable us to provide the services described in this FSG. They will not be separately remunerated by you. The costs of providing these services will be paid by us from the fees we receive. Investors in our products will not pay a separate fee for these services.

REMUNERATION OR BENEFITS PAID TO OTHER PARTIES

Where you have been referred to us via a third party IDPS platform, we may pay a rebate to that IDPS platform provider.

COMPENSATION ARRANGEMENTS

Fundhost, Perpetual and Montgomery have professional indemnity insurance cover in place in respect of financial services provided to our clients. This insurance covers claims in relation to the conduct of our past and present representatives. These arrangements comply with the requirements of section 912B of the Corporations Act 2001.

DISCLOSURE OF RELEVANT CONFLICTS OF INTEREST

We do not have any relationships or associations which might influence us in providing you with our financial products and services.

PRIVACY

Your right to privacy is important to Fundhost, Perpetual and us. A statement explaining your privacy rights and our rights and obligations in relation to your personal information is contained in the PDS for each of our financial products.

COMPLAINTS HANDLING

Both FundHost and Perpetual have established procedures for dealing with complaints.

If an investor has a complaint, they can contact the relevant Responsible Entity or Montgomery during business hours.

Contacting Perpetual - Responsible Entity for Montgomery Global Equities Fund and Montaka Global Equities Fund 

Please contact the Responsible Entity on 02 9229 3874 or alternatively write to the Responsible Entity at Level 18, 123 Pitt St, Sydney NSW 2000. Perpetual will use reasonable endeavours to deal with and resolve the complaint within a reasonable time but in any case, no later than 45 days after receipt of the complaint.

If you are not satisfied with how your complaint was handled and require further resolution you can contact the Investment Manager or the Australian Financial Complaints Authority (AFCA) on the contact details provided below.

Contacting Fundhost - Responsible Entity for The Montgomery Fund, Montgomery Alpha Plus Fund, The Montgomery [Private] Fund, Montgomery Global Fund and Montaka Global Access Fund

In the first instance, you can make a complaint by calling +61 2 8223 5400 or by writing to Fundhost Limited, PO Box N561, Grosvenor Place, NSW 1219, Australia. Fundhost will acknowledge your complaint within 45 days of receipt. Complaints will be investigated with the aim to provide a response (if not a resolution to the complaint).

If you are ultimately dissatisfied with the outcome of your complaint you may refer the matter, free of charge, to the Australian Financial Complaints Authority (AFCA), which is an external dispute resolution scheme.
 

Australian Financial Complaints Authority
From 1 November 2018, AFCA will be the new external dispute resolution scheme for complaints involving financial services and products and will replace FOS.

The contact details for AFCA are:
Phone: 1800 931 678 (free call)
Email: info@afca.org.au
Mail: Australian Financial Complaints Authority, GPO Box 3, Melbourne VIC 3001

More information about the Australian Financial Complaints Authority is available from their website: https://www.afca.org.au/

CONTACTING US

Fundhost Limited

Perpetual Trust Services Limited

Montgomery Investment Management Pty Ltd

Our Funds

The Montgomery Fund

  • AUSTRALIA/NZ
  • Concentrated high conviction equities
  • From $25,000
Learn More

Montgomery Global Fund

  • GLOBAL
  • Concentrated high conviction equities
  • From $25,000
Learn More

Montgomery Alpha Plus Fund

  • GLOBAL
  • A market neutral strategy
  • From $50,000
Learn More

Montaka Global Access Fund

  • GLOBAL
  • Access long/short global equity portfolio
  • From $50,000
Learn More

Montgomery Global Equities Fund (ASX:MOGL)

  • GLOBAL
  • Concentrated high conviction equities
  • No minimum investment - see your broker limits
Learn More

Our Private Office

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Our Funds

Concentrated High Conviction Equities

Listed

Montgomery Global Equities Fund (ASX:MOGL)

Global
Available on the ASX as an Exchange Traded Managed Fund, invests in 15 to 30 quality global businesses for long-term capital growth with a target distribution yield of 4.5% per annum. Mirrors the strategy of the Montgomery Global Fund.
Unlisted From $25,000

Montgomery Global Fund

Global
Invests in 15 to 30 quality global businesses for long-term capital growth. Priced daily. Mirrors the strategy of the Montgomery Global Equities Fund (ASX:MOGL).
Unlisted from $25,000

The Montgomery Fund

Australia/NZ
Aims to provide long-term growth and income by investing in 20 to 40 high-quality Australian and New Zealand businesses trading at attractive valuations. Priced daily.
Unlisted from $1 Million

The Montgomery [Private] Fund

Australia/NZ
Seeks to deliver absolute returns from a portfolio of high-quality Australian and New Zealand businesses. Capital preservation is paramount. By invitation only.

Alternate Equity Strategies

Unlisted from $50,000

Montgomery Alpha Plus Fund

Global
Aims to generate positive returns in both rising and falling markets. Invests in 80 to 180 global businesses expected to deliver above-average returns, while selling short a similar-sized portfolio expected to deliver below-average returns. Priced daily.
Unlisted from $50,000

Montaka Global Access Fund

Global
Aims to generate materially higher risk-adjusted returns, net of fees, than is generally available in the equities market over the medium term. Priced monthly. Provides retail investors access to the Montaka Global Fund.
Unlisted From $1 Million

Montaka Global Fund

Global
Aims to generate materially higher risk-adjusted returns, net of fees, than is generally available in the equities market over the medium term. By invitation only.