Carra Wealth Management – change of AFSL Letter 14 May 2021

14 May 2021

We just wanted to make you aware of some changes that are happening in our business. To provide financial advice a business is required to have an Australian Financial Services Licence (AFSL). For many years we have chosen to partner with GWM Adviser Services Ltd (ACN 002 071 749, AFSL 230692) (GWMAS) as the holder of this AFSL. GWMAS is owned by MLC Wealth Limited (MLC) which is in turn owned by National Australia Bank Limited (NAB).

As you may be aware from recent press coverage, NAB is in the process of selling MLC to IOOF Holdings Ltd (IOOF). As a result, the AFSL our business operates under will change on 31 May 2021 (Transfer Date) from GWMAS to Consultum Financial Advisers Pty Ltd (Consultum) (ACN 006 373 995, AFSL 230323). Consultum is part of the IOOF group.

We decided to move to Consultum after conducting a significant amount of research in regard to alternative licensees.

The support, services and future objectives that were being offered to us by Consultum closely aligned with the needs of our business and will help us continue to provide you with a high level of service and financial advice.

What does this mean for you?

1. Any financial advice provided to you after the Transfer Date will continue to be provided by Carra Wealth Management in the same way although the AFSL will change to Consultum.

2. Consultum will have access to your personal and financial information. Consultum’s right to access your personal and financial information is subject to applicable law and IOOF’s privacy policy which can be accessed

at www.ioof.com.au/privacy.

3. There are no changes to any financial products you may have in place as a result of the change in AFSL (e.g. superannuation, insurance or investments).

4. Unless you instruct us otherwise, your existing payment authorities will remain unchanged (including any direct debits) for a period not exceeding 12 months from the date of the sale of MLC to IOOF until

replacement payment authorities are entered into with Consultum. Any amounts deducted by GWMAS from your account for adviser services/advice fees will be paid to Consultum and onto us.

5. Any future advice or financial services provided by Carra Wealth Management will be the responsibility of Consultum.

Next steps

You do not need to do anything as a result of this change as the changes will be on a business level and we do not expect they will impact you. We will continue to look after you and your financial planning needs as an authorised

representative of Consultum.

We look forward to continuing to be your financial planner and working with you to achieve your financial goals but if you have any queries in regard to this change then please do not hesitate to contact us on 03 9614 8215.

Yours sincerely,

Andrew Carra

Authorised Representative

GWM Adviser Services Ltd (ACN 002 071 749, AFSL 230692)

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