General Advice Warning.

The advice provided to you is general advice only and has been prepared without taking into account your objectives, financial situation or needs, therefore, you should consider the appropriateness of the advice, in light of those factors, before acting on the advice.

Please seek personal financial advice before acting on any information provided.

For more information, please check the FAQ.

Retail vs Wholesale Clients - What’s the Difference?

At Divergent Wealth, we believe in clarity, transparency, and empowering you to understand the kind of financial advice you're receiving.

Retail Clients

Most people we work with are classified as retail clients under Australian law. This includes anyone receiving:

• General Advice: Guidance or educational information that does not take your personal circumstances into account.
  Example: “Contributing to super can reduce tax.” This is informative, not a recommendation.

• Personal Advice: Advice tailored to you, based on your goals, financial situation, and needs. It typically comes after we've had a conversation, collected your information, and delivered a formal Statement of Advice.
  Example: “We recommend contributing $10,000 to super based on your income and retirement plans.”

Wholesale Clients

Some clients qualify as wholesale clients based on their income, assets, or investment experience, as defined by the Corporations Act.

• As a wholesale client, you may not receive some of the documentation and consumer protections that apply to retail clients, such as Statements of Advice or Product Disclosure Statements.

• Wholesale clients are typically more financially experienced and may access a wider range of investment opportunities.

• If you're eligible, your adviser will discuss this with you and provide the appropriate declaration forms. You’ll never be treated as a wholesale client unless you agree and consent in writing.

If you’re not sure what kind of advice you’re receiving - just ask! We’re always happy to clarify.