Advice Disclosure Statement

Last updated: 15 April 2026

Sharesies Limited (we, us, our) holds a Financial Advice Provider (FAP) licence issued by the Financial Markets Authority (FMA).

At the moment we’re:

1. Providing advised portfolios. These are created for you using a digital advice tool which asks you questions on your investment timeframe, risk appetite, financial security, and investing preferences to recommend a portfolio for you. An advised portfolio is based on your answers, not any other factors, and is limited to investment products available on Sharesies.

Our advised portfolios are diversified across a range of countries and industries, and we’ll handle the tax for you.

We select a mix of active and passive funds available on Sharesies that target low fees, optimise tax, and avoid currency exchange fees. This means our recommendation is limited to choices that meet this specific criteria.

2. Providing limited advice related to the Sharesies KiwiSaver Scheme (Scheme), including:

selecting base funds, but not selection of individual shares in self-select;
choosing a contribution rate; and
selecting the right tax rate.

We are not providing advice related to other financial products on our platform or outside of our platform. There may be further limitations—these will be clearly explained to you before any advice is given.

Fees and conflicts

Advised portfolios

Sharesies receives a 0.20% per annum fee on the balance of each portfolio. This fee covers the automated rebalancing feature of the portfolio and the expertise and administration behind the creation of your portfolio.

Transaction fees also apply capped at $25 per ETF. If you are on a plan, each buy and sell order counts towards your plan coverage. You will not be charged transaction fees when your advised portfolio is automatically rebalanced. Each managed fund and exchange-traded fund (ETF) has underlying management fees. There is no separate or additional charge for underlying management fees but this will be reflected in the unit price for that fund or ETF.

Funds in your portfolio pay us a small commission. Commission is not a factor in how we make up our advised portfolios. The same commission rate applies when you invest in a fund directly, or via an advised portfolio. The percentage of commission is negotiated with each fund provider and can vary depending on the amount of money Sharesies customers choose to invest in a particular fund.

Our advice process ensures our recommendation is based only on your investment timeframe, risk appetite, financial security, and investing preferences to avoid potential conflicts of interest.

The advised portfolio fees are shown when creating an advised portfolio. If you adjust your advised portfolio, by changing the mix of passive and active funds, or swapping in Environmental, social, and governance (ESG) screened funds we clearly display the fee changes. A summary of applicable fees will also be sent to you once your advised portfolio is created.

Once you create your advised portfolio, you’re in control—there’s no need to invest right away. It’s up to you if and when you act on your advised portfolio, and fees only start once you add money. After that, you can invest regularly or whenever it suits you.

KiwiSaver

Sharesies customers will not be charged a fee for this advice.

Sharesies and its nominated representatives who provide advice do not receive any commissions or incentives in relation to financial advice given or acted on in relation to the Scheme.

We only advise on the Scheme and a related entity, Sharesies Investment Management Limited, receives fees from the Scheme. To manage this potential conflict we clearly explain that we only advise on the Scheme and we’ll always ensure that our advice is based on your goals.

Our duties to you

Sharesies and our nominated representatives are bound by the following duties:

Meet the standards of competence, knowledge, ethical behaviour, and client care set out in the Code of Professional Conduct for Financial Advice Services.

Give priority to the client’s interests.

Exercise care, diligence, and skill.

Complaints

If you have any complaints or issues with our financial advice service you can make a complaint, free of charge.

You also have access to Financial Services Complaints Limited (FSCL)—an independent, not-for-profit, external dispute resolution service. Their service is free (they won’t charge you to investigate or resolve a complaint).

You can contact FSCL by:

Phone: 0800 347 257
Email: complaints@fscl.org.nz
Post: FSCL, PO Box 5967, Wellington 6140