General advice is financial product advice that has been prepared without considering a consumer’s personal circumstances such as their financial situation, objectives and needs. General advice does not come with the same legal obligations as personal advice.
Fraxtor does not provide financial advice to clients. Clients must conduct due diligence or seek independent financial advice on their own. Under our CAR agreement with Apex Financial Solutions Pty Ltd we are restricted to provisioning general advice only
Wholesale investors are considered to be knowledgeable and sophisticated investors and hence eligible to enjoy more flexible and swift investments not available to the general public. Other than having access to specialised services and investment instruments limited to wholesale investors, the reduced requirements will also allow the financial institutions serving wholesale investors to more effectively channel their efforts into their core expertise in managing investment to the benefit of wholesale investors.
Fraxtor Australia is a Corporate Authorised Representative of APEX Financial Solutions Pty Ltd with Australian Financial Services Licence number 550709