Need a financial adviser for Credit Suisse GP100 - Australia Trust

I have found Credit Suisse GP100 - Australia Trust product at
Credit Suisse GP100 - Australia Trust

However, I am requried a financial adviser to be fill in application form. there is a financial adviser commision 1.1%. I intend to invest $100K. It means the financial adviser commision is $1100. I you have financial adviser licence and allow me to fill in my application. We can share the financial adviser commision . You got $500.

 

If it was only that easy I'd gladly split it with you.

you may be hard pressed to find a financial advisor who will split this with you. I'm a financial advisor and I certainly wouldn't do it. As an advisor we are required to "know our client" and provide a written Statement of advice when making recommendations. Even if you came to my office signed PDS in hand, I still would have to put it in writting, disclose fees and spend the time with you to complete a fact find.

the time cost for me to do that would be >$500. and given that the application cut off date is early june, that would be an absolute nightmare for an adviser to complete all their documentation in time.

If you can find an advisor with their own license they may be able to do it for you. As they don't have the compliance Nazi's that most planners do.

Good Luck!

 

oh evisional, I hadn't really looked into this investment but I noticed that they intend to list this on the ASX, the code will be CSJ.

If you have access to borrowings through your house or other means you could most likely pick it up much cheaper than 1.00 per unit when it lists. LICs have a very good history of trading at a discount to their NTA (net tangible assets). buying it on the ASX will also prevent you paying an advisor fee.

I would not rush in and buy straight away, most LICs trade very thinly after a few months and thats the best time to buy(but not "at market", set a price!). After 90 days Credit Suisse is no longer required to be a market maker and this may be the best time to pick it up. A market maker has to purchase the shares at a reasonable price, which prevents the LIC falling too much in value. But once that support is gone the bottom can fall out of the investment.

I remember we put clients into a LIC run by HFA called HFA accelerator plus it listed at $1.00 but after the initial interest died down its pretty much traded below $1.00 ever since. even though its NTA is now $1.32 (it currently trades at $0.95)

 

Hi Young Gun

Thank you for your information. It is heap helpful.

 

Interesting.

As I mentioned in another thread I am currently considering this investment - would be $50,000.
My advisor is talking about waiving the commision as he says its 'unethical'.

Any additional advice on
GP100 would be fantastic.

 

See if YourShare - managed fund or Get Cash Back will go advisor for this. They would wave advisor fees and split the trailing commision with you.