Disclosure

Disclosure Statement

Bloom Financial Group Limited (FSP1007611) holds a Class 2 Financial Advice Provider Licence issued by the Financial Markets Authority to provide financial advice.

Address : 63 Vandeleur Ave, Auckland 0626 New Zealand

 0800 302 288 027 371 1888 / Finance@bloomfg.co.nz 

Purpose of This Disclosure Statement:

This statement is provided to ensure that you understand our role as a finance broker and the services we offer. Please read this document carefully to be aware of our obligations, potential conflicts of interest, and how we handle your information.

Our Role:

Bloom Financial Group Limited acts as a finance broker to help you find and arrange suitable finance options from a range of lenders. We do not provide the finance ourselves but work with various lenders to find the most suitable rate and terms for your needs.

Nature and Scope of Engagement

Bloom Financial Group Limited provides financial advice services for vehicle loans , personal loans and debt consolidation loans from the listed providers below :

• Finance Now
• Avanti Finance
• Branded Financial Services
• Geneva Finance
• Community Financial Services
• Gilrose Finance

Asset Insurance Products:

Bloom Financial Group Ltd does not provide advice on insurance products such as Mechanical breakdown insurance (MBI) , Guaranteed asset protection (GAP) or Lifestyle protection insurance (LPI). If these products are provided in conjunction with a loan, our services are limited to providing you with necessary information to aid in your decision on whether these products are suitable for you. We have relationships with the following Insurance companies provided below :

• Autosure Insurance
• Provident Insurance
• Protecta
• Baileys Insurance 

Kiwisaver and Mortgage Disclosure 

Bloom Financial Group Ltd does not provide Kiwisaver or Mortgage advice. Bloom Financial Group will assist with collating data and providing that data to industry experts in the given fields. We operate in this manner to ensure that the advice provided is suitable and is given with competence, knowledge and skill. 

Conduct:

We have a high standard of conduct at Bloom Financial Group Limited and will operate within our duties under the Financial Markets Conduct Act 2013 whenever we provide advice.

As part of our responsibilities we are required to:

Prioritise your interests by taking all reasonable measures to ensure that our advice remains free from undue influence by our own interests.

Uphold the ethical standards of behavior, conduct, and client care set forth by the Code of Professional Conduct for Financial Advice Services, ensuring that we treat you appropriately and provide suitable advice.

Exercise care, diligence, and skill in delivering advice to you.

Adhere to the standards of competence, knowledge, and skill established by the Code of Professional Conduct for Financial Advice Services, ensuring we possess the requisite expertise to provide you with sound advice.

Services Provided:

1. Asset Loan Services: We assist you in completing and submitting your secured personal loan or debt consolidation application with various lenders.
2. Unsecured lending : We assist you in completing and submitting your unsecured personal loan or debt consolidation application with various lenders.
3. Advice on Asset lending : We are able to provide advice on asset lending in line with our Class 2 Financial Advice Provider Licence issued by the Financial Markets Authority.

Fees and Charges:

• Brokerage Fee: We may charge a brokerage fee for our services. This fee will be disclosed to you before you proceed with the finance application.
• Lender Fees: Some lenders may charge fees, such as application fees or establishment fees. These will be outlined in the loan agreement and made very clear.

Conflicts of Interest:

• We may receive commissions or fees from lenders based on the finance products we arrange for you. We are committed to acting in your best interest and ensuring transparency in our dealings.
• We will disclose any potential conflicts of interest that may arise in our recommendations.

Your Information:

• We collect and use personal and financial information to assess your eligibility for finance and to assist with your application. This information will be kept confidential and only shared with lenders, credit reporting agencies, and other relevant parties as necessary.
• You have the right to access and correct your personal information held by us.

Complaints and Dispute Resolution:

If you have any complaints or concerns about our services, please contact us directly at Admin@bloomfg.co.nz or via 027 371 1888 or 0800 302 288. We have an internal complaints process and aim to resolve all complaints within 5 working days of receiving them.  We are committed to resolving any issues promptly. If we cannot resolve the matter to your satisfaction, you may contact the Financial Services Complaints Limited (FSCL) for independent dispute resolution.

You can contact Financial Services Complaints Limited (FSCL) by: 

• emailing complaints@fscl.org.nz or
• calling: 0800 347 257
• can also write to them at: FSCL, PO Box 5967, Wellington 6140 
• or fill in the online complaints form: https://fscl.org.nz/about-us/complaints/complaint-form

Contact Us:

We welcome any questions, please contact us at:

Bloom Financial Group
027 371 1888 – 0800 302 288

Finance@bloomfg.co.nz
https://bloomfg.co.nz

By proceeding with our services, you acknowledge that you have read and understood this disclosure statement and consent to our terms of service.