Business Profile
Website Disclosure
Information:
WDI Version 1.0
Issue date
17th March 2025
Important
Before we provide you with financial advice, you should read this Website Disclosure Information (WDI). It contains the following important information to help you decide whether to use our services:
• Who we are;
• Advice we provide;
• How we are paid;
• Who to contact if you have a complaint.
Lack of Independence Disclosure
Advice Evolution is owned by advisers and has an open approved products list, however, as we continue to be paid commissions for life insurance products and receive fees based on the asset value of some
investments, we must disclose this lack of independence.
About our practice
Greentree Wealth Management is a corporate authorised representative (CAR number 1310138) trading as Greentree Wealth Management is authorised to provide financial services on behalf of Advice Evolution Pty Ltd.
We are a leading wealth management provider.
Our business was established by Malcolm Greentree in 2024 as a continuation of a business originally established in 2014, and we have offices in Baulkham Hills (Norwest Business Park) and St Leonards, Sydney.
Greentree Wealth Management is committed to ensuring that the highest standard of financial advice remain accessible, accountable and achievable. We can help you make more informed decisions around all areas of your financial health and ensure you remain on track to meet your financial, personal and lifestyle goals, whilst taking on the least amount of risk.
We believe in building long-term relationships based on trust, transparency and open communication. Providing expert guidance, answering your financial questions and supporting you in every step of your financial journey.
Contact Details
Greentree Wealth Management
Unit 23 / 5-7 Inglewood Place, Baulkham Hills NSW 2153 /
PO Box 6882 Norwest NSW 2153
02 8801 1001 / enquiries@greentreewealth.com.au
www.greentreewealth.com.au
About our team
Attached to this document is a profile for your adviser. The adviser profile provides information about their contact details, qualifications, experience and any memberships they may hold.
Why you should choose us
We help you better understand what your options are regarding building or managing wealth outside super for an early retirement.
We prepare strategies to maximise your retirement savings and ensuring your money lasts as long as you need it to.
We provide you with detailed financial projections to better understand what your options are regarding meeting your short- and long-term financial goals.
We ensure you and your family are protected so that the right people get the right funds at the right time.
Approved Products
Advice Evolution Pty Ltd maintains a broad approved list, containing investment and insurance products that have been researched by at least 2 research houses.
Documents you may receive
Our advice will be provided to you in a financial plan, known as a Statement of Advice (SOA). The financial plan contains a summary of your goals, our strategies and financial product recommendations to achieve your goals. It also provides you with detailed information about the fees, costs and other benefits we will receive as a result of the advice we have provided.
We will keep a record of any further advice we provide. You may request a copy by contacting our office.
You will also receive a Product Disclosure Statement (PDS) if we have recommended you invest in or purchase a financial product. The PDS contains key features of the recommended product, significant benefits, risks and the fees you pay the product provider to professionally manage your investment or insurance.
You may also receive an ongoing or Annual agreement which will outline how we monitor your strategy and portfolio and make sure they are the best available to achieve your goals.
You should read any warnings contained in your financial plan, the PDS or IDPS guides carefully before making any decision relating to a financial strategy or product.
You can contact us with any questions relating to your financial products.
Our financial planning
process
Everyone has different circumstances, needs and goals. We treat everyone as an individual, but follow a defined financial planning process, to make sure you know what to expect from us.
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Where do you want to be?
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Opportunities & Risks
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Bridging the Gap
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Bringing Your Plan to Life
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Stay on Track
Identifying where you want to be
We help you identify your financial and lifestyle goals and explain the services we offer to help you achieve them. The type of advice you need could depend on your life stage, the amount of money you want to invest and the complexity of your affairs.
We will help you to identify the issues that need to be addressed to meet your goals. You can then decide whether you want our advice to meet a single need or a broad range of issues.
Considering opportunities and risks
Good personal advice starts with having an understanding of your current situation. We take a close look at your current financial situation – assets, debts, income, expenses and insurance, and explore the options to reach your goals.
Bridging the gap
Based on the research, we will recommend a strategy to bridge the gap between where you are now and where you want to be.
Bringing your plan to life
We work closely with you to implement your financial plan. We help you to complete any necessary paperwork and are available to attend meetings with your accountant, solicitor and general insurer so that your strategy is implemented efficiently.
Staying on track with regular annual or ongoing advice
Time goes on and circumstances and needs change. The final step in our advice process ensures your financial plan remains on track, by providing you with regular ongoing or annual advice.
We will design an annual or ongoing service program so your plan remains up to date.
Transaction services
If you would like us to help you complete a particular transaction without our advice, we can take your instructions and arrange for the transaction to be completed without providing any.
It is important to understand that in these circumstances we will generally ask you to confirm your instructions in writing and to sign a letter that acknowledges you have declined our offer of advice as well
as understand the risks of a transaction service. You will be provided with a copy of the letter for your own records.
Fees
The fees charged for our advice are designed to be fair and clear. Our advice fees may include charges for the following advice services:
Advice and Analysis Fee – The advice fee covers the cost of researching and preparing your financial plan.
The price can be a flat fee with an additional performance or risk margin depending on the size and complexity of the advice.
Advice implementation – The advice implementation fee covers the administrative time spent implementing the recommended strategies and products. This cost will be calculated on the estimated time
to complete the task.
The advice implementation fee will be disclosed in your Advice Agreement or your SOA.
Annual or Ongoing Advice – This is the fee for the Annual or ongoing advice, it will cover the cost to keep your strategy and investments current and up to date as well as any services provided by the practice. This will be a separate document provided at the time of the advice.
Life Insurance Payments
Initial commission – One off commission that is paid at the inception of insurance policy. This can range from 11% to 66% of initial premium paid. (Paid by the product issuer)
Ongoing commission – This is a part of the product provider’s ongoing charges and is paid every year that the insurance policy is retained. (Paid by the product issuer)
Advice Evolution Pty Ltd will receive commission directly from the product provider based on a percentage of the insurance premium paid. Commissions are deducted from the premium by the product provider so are not paid directly by you.
Your advice fees will be calculated at the time we provide you with personal advice. Your SOA will outline the advice fees and any commission inclusive of GST.
Payment Method & Frequency
We offer you the following payment terms:
• Bpay, direct debit (credit card or savings), cheque
• Deduction from your investment
• Ongoing advice fees may be deducted as an annual instalment or in monthly or quarterly instalments.
• Annual or ongoing advice fees may increase each year in line with the Consumer Price Index (CPI) or by a fixed amount or percentage each year. The specific amount will be agreed to by you and outlined
in our annual or ongoing advice agreement.
About Advice Evolution Pty
Ltd
Advice Evolution Pty Ltd ABN 66 137 858 023
Australian Financial Services Licence 342880
Suite 302, 20 Bungan Street, MONA VALE NSW 2103
www.adviceevolution.com.au
Advice Evolution Pty Ltd has approved the distribution of this WDI.
Privacy and Disclosure
Your privacy is important to us. To learn more about our collection and handling of your personal information and for details on how to access our Privacy Policy, please refer below.
Another financial adviser may be appointed to you if your financial adviser leaves Advice Evolution or if your financial adviser is unable to attend to your needs due to an extended absence from the business.
In these circumstances, Advice Evolution will write to you advising of the change. Your personal information will be passed on to the new financial adviser.
If you choose to appoint a new financial adviser, your new adviser will be provided access to your policy information. They will be responsible for providing you with annual or ongoing advice relating to those policies and all future advice fees deducted from the policy/(ies) will be paid to your new adviser.
As part of the financial planning process, we need to collect information about you. Where possible we will obtain that information directly from you, but if authorised by you we may also obtain it from other sources such as your employer or accountant. If that information is incomplete or inaccurate, this could affect our ability to fully or properly analyse your needs, objectives and financial situation, so our
recommendations may not be completely appropriate or suitable for you.
We are also required under the Anti-Money-Laundering and Counter-Terrorism Financing Act (AML/CTF) 2006 to implement client identification processes. We will need you to present identification documents such as passports and driver’s licences in order to meet our obligations.
We keep your personal information confidential, and only use it in accordance with our Privacy Policy.
Some of the ways we may use this information are set out below:
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Your financial adviser and Advice Evolution may have access to this information when providing financial advice or services to you;
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Your financial adviser may, in the future, disclose information to other financial advisers, brokers and those who are authorised by Advice Evolution to review customers' needs and circumstances from time to time.
Your information is only disclosed to other parties as are necessary for us to provide our services to you. Other parties may include fund managers, life companies, other Licensees and related parties who provide services to us. In certain situations, some of the parties that we share information with may be in, or have operations in, other countries. This means that your information might end up stored or accessed in overseas countries.
When we send your personal information to overseas recipients, we make sure appropriate data handling and security arrangements are in place. In all such cases, we commit to making reasonable enquiries to ensure that these organisations comply with their local privacy legislation where such legislation is comparable to the Australian legislation and to comply with the key components of Australian Privacy legislation in cases where their local legislation is considered inadequate or non- existent. In addition, we will disclose your information where we are required to by law.
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Your information may be used to provide ongoing information about opportunities that may be useful or relevant to your financial needs through direct marketing (subject to your ability to opt-out as set out in the Advice Evolution Privacy Policy);
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Your information may be disclosed as required or authorised by law and to anyone authorised by you.
Your financial adviser and Advice Evolution will continue to take reasonable steps to protect your information from misuse, loss, and unauthorised access, modification or improper disclosure. You can request access to the information your adviser or Licensee holds about you at any time to correct or update it as set out in the Advice Evolution Privacy Policy. The Advice Evolution Privacy Policy also contains information about how to make a complaint about a breach of the Australian Privacy Principles. For a copy of Advice Evolution's Privacy Policy visit www.adviceevolution.com.au or you can contact us.
Professional indemnity
insurance
Professional indemnity insurance is maintained by Advice Evolution Pty Ltd to cover advice, actions and recommendations which have been authorised by Advice Evolution Pty Ltd and provided by your adviser. The insurance satisfies the requirements imposed by the Corporations Act 2001 and financial services regulations.
What should you do if you
have a complaint?
If you have any complaints about the services provided to you, you should take the following steps:
• Contact your financial adviser and tell them about your complaint.
• If your complaint is not satisfactorily resolved within three days, please contact Advice Evolution Pty Ltd on 042 622 8737 or email us at admin@adviceevolution.com.au
Advice Evolution Pty Ltd will acknowledge your complaint and will try to resolve your complaint as quickly and fairly as possible.
We will conduct a thorough investigation of your situation and the issues that you raise, and we will provide you with a formal written response within a 30-day period. If your complaint has not been resolved satisfactorily, you may lodge a complaint with the Australian
Financial Complaints Authority (AFCA):
Website: www.afca.org.au
Email: info@afca.org.au
Phone:1800 931 678 (free call)
In writing to: Australian Financial Complaints Authority
GPO Box 3, Melbourne VIC 3001
Time limits may apply to complain to AFCA and so you should act promptly or otherwise consult the AFCA website to find out if or when the time limit relevant to your circumstances expires.
Adviser Profile
Adviser profile version:
Version number 01
This profile is part of the Website Disclosure Information and is only complete when the business profile is attached.
Date issued
17th March 2025
About (Adviser Name)
Your financial adviser, Malcolm Greentree (ASIC number 286813), is an authorised representative of Advice Evolution Pty Ltd.
Email address: malcolm@greentreewealth.com.au
Education and Qualifications
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CERTIFIED FINANCIAL PLANNER® certification
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Bachelor of Business (Applied Finance) Memberships
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Financial Advice Association of Australia (FAAA)
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Self Managed Super Fund Association (SMSF Association)
Advice your adviser can
provide
Holistic strategic advice as well as arrange the types of financial products listed below.
In addition, you can choose whether to receive advice about a range of needs all at once, or we can provide advice about only those needs that are most important to you so that your most important goals are achieved first. Further advice can then be provided over time about any other needs or goals as required.
Strategies
• Aged care accommodation
• Centrelink planning
• Investment planning
• Superannuation planning
• Pre-retirement planning
• Retirement planning
• Estate planning considerations
• Risk and insurance analysis
• Business succession planning
• Salary packaging advice
• Gearing strategies
• Guidance on budgeting and goal setting
• Savings and wealth creation strategies
Products
• Self-managed super funds
• Direct shares
• Cash management trusts
• Retirement income streams
• Retail & wholesale managed investment schemes
• Master trust products
• Superannuation products
• Personal and group insurance
• Business succession insurance
• Margin lending facilities
• Direct fixed interest
• Socially responsible investments
How the adviser is paid
Advice Evolution Pty Ltd will retain 2% of the gross revenue received for the recommended financial services and/or products. Advice Evolution Pty Ltd will pay Greentree Wealth Management 98% of the
gross revenue received.
Malcolm Greentree has equity in Greentree Wealth Management and may receive capital and profit related benefits.
Other benefits your Adviser
may receive
Non-monetary: Greentree Wealth Management keeps a full register of any benefits received by advisers between $100 to $300. By law, your adviser is not permitted to receive benefits in excess of $300 per year from a product issuer, however, some non-monetary benefits are permitted because they are covered by an exception e.g. they are valued at less than $300, they meet certain training and education requirements, or the benefit is the provision of relevant IT software or support. These are not additional costs to you.
We keep a register of any other non-monetary benefits your adviser may receive in relation to education, training, technology support or software that is relevant to the provision of financial advice. If you would like a copy of either register, please ask your adviser and one will be made available to you.
Associated businesses: Your adviser may have associations with other related businesses, such as an accountancy firm, real estate agents, mortgage brokers etc. Any arrangement in place will be subject to the
FASEA Code of Ethics.
Appendix: Privacy
Collection Statement
As part of the financial planning process, we need to collect information about you. Where possible we will obtain that information directly from you, but if authorised by you we may also obtain it from other sources such as your employer or accountant. If that information is incomplete or inaccurate, this could affect our ability to fully or properly analyse your needs, objectives and financial situation, so our recommendations may not be completely appropriate or suitable for you.
We are also required under the Anti-Money-Laundering and Counter-Terrorism Financing Act (AML/CTF) 2006 to implement client identification processes. We will need you to present identification documents such as passports and driver’s licences in order to meet our obligations.
We keep your personal information confidential, and only use it in accordance with our Privacy Policy.
Some of the ways we may use this information are set out below:
-
Your adviser may have access to this information when providing financial advice or services to you;
-
Your adviser may, in the future, disclose information to other financial advisers, brokers and those who are authorised to review customers' needs and circumstances from time to time.
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Your information may be disclosed to external service suppliers both here and overseas who supply administrative, financial or other services to assist your adviser in providing financial advice and services to you.
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Your information may be used to provide ongoing information about opportunities that may be useful or relevant to your financial needs through direct marketing (subject to your ability to opt-out.)
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Your information may be disclosed as required or authorised by law and to anyone authorised by you.
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Your adviser will continue to take reasonable steps to protect your information from misuse, loss, and unauthorised access, modification or improper disclosure. You can request access to the information your adviser or Licensee holds about you at any time to correct or update it.