The Cube Financial Group (Cube) is a n Australian Licensed Financial Services License Holder (AFS License 232455) and investment advisory firm providing clients with financial services and products.

The Financial Services Reform Act (FSRA) of 2002 (implemented March 11 2004), is designed to elevate the quality of industry participants by imposing strict education, compliance, financial and operational requirements.

The Act echoes Australia's Trade Practices Act (1974), with particular reference to deceptive and misleading conduct (s.51AC, s.52). Happily, it's worth noting that less than 0.2% of licensed advisers commit fraud each year. (Source. 'Protecting Retail Investors Savings Report' by Kathleen Tepana & Tim Farrelly).

Fully documented protection - When applying for an AFS License, the ASIC requires documentation on the company directors, responsible officers and their advisers – ASIC aims to ensure that only qualified and trained individuals provide investment advice and financial services to clients. This ruling applies to anyone giving investment advice, including Accountants.

Be aware – no two companies are the same - Although two companies may be AFS Licensed that does not mean each can provide the same services. The ASIC requires companies to choose the products and services they wish to provide and comply with appropriate standards for each authorization.

. Cube is authorised to provide advice and to deal in a broad range of financial products, which means we can provide investors with tactical investment information and execute complicated trading strategies that may be beyond the reach of the average person.

Cube can provide Education, Service, Advice and Execution for:

• Investor Education (Equities, Property, Funds, Self Managed Super)
• Private Client Advisory & Execution Services for ASX listed Equities,Warrants and Options
• Online broking CubeTrader -  including CubeTrader Pro conditional order system
• Investment Research and Analysis
• Subscription services - including Stock Cubes daily financial report
• Property and Finance Solutions

Exhaustive preparation - The process to become qualified under the new FSR regime can be quite long and expensive. In preparing for our license, Cube spent thousands of man-hours writing hundreds of pages of documentation, developing new software systems internally and re-engineering internal processes to meet the strict standards by the ASIC.

FSRA attempts to improve the quality of advice - The Financial Services Reform Act was introduced to improve the quality of advice from financial services companies to help you make the choices that will achieve your goals.  Independent surveys of the financial services industry prior to FSR showed a significant disparity in the standard of advice. The research also showed that those who had completed industry training in a broad range of categories were more likely to provide competent advice. 

In one analysis of an unlicensed company Mr. Peter Kell, Executive Director Consumer Protection ASIC said:

"The message is that you should only deal with licensed Australian businesses, because that way, your rights are protected. If something goes wrong, investors who chose to deal with unlicensed and/or overseas businesses, lose the protections afforded by the licensing regime. You can check ASIC investor and consumer website for free to make sure a business is licensed".

Relax, because when you deal with Cube, you deal with a group who meet all the obligations of an AFS licensed company.

Amongst other things, the company has obligations relating to:

• conduct and disclosure
• the provision of our financial services
• the competence, knowledge and skills of responsible officers, as well as their good name and character
• the training and competence of representatives and authorised representatives
• compliance and risk management
• the adequacy of  financial, technological and human resources, and
• dispute resolution and compensation arrangements

Compliant Products that won't get you into trouble -  As an AFS licensed organisation, Cube complies with all of the obligations imposed by the ASIC. This means we assess the investments we recommend and carefully determine the suitability of each product for any given client.

Compliant Advisers who practice what they preach - Cube only employs advisers who are industry qualified. We specialise in tactical investment strategies, so our team comprises of professionals who are investors themselves. The additional knowledge we build through active investing and executing different strategies means we know the theory as well as the practical side of a strategy. We feel having a trained team provides the infrastructure required by the FSR, having an experienced team provides the 'real world' support you need.

Up until March 11th 2004, you may have heard a lot of financial companies using terms such as ‘independent financial advisers.’ Today these terms are now restricted by the ASIC to a limited number of firms whose charging policies do not centre on receiving commissions from the products they recommend. These firms may provide fee for service or bulk placement fees.

Cube disclose all the fees and charges prior to you making an investment decision with us so that you know exactly what you're paying. S.849 of the Corporations Act requires that all incentives, financial or otherwise are disclosed to a client at the time of making a recommendation.