Financial Services Guide
Version (1.0), Prepared on 01/07/2026
In this document any reference to “the licensee” or “we” or “us” or “our” means Chalk Licensee Pty Ltd, ABN: 689 522 978, Australian Financial Services Licence (AFSL) number 700188. Reference to “financial adviser” means an authorised representative associated with Chalk Capital Pty Ltd (Practice,) ABN: 62 010 815 568 as a corporate authorised representative number 298168 of Chalk Licensee Pty Ltd.
What does this document contain?
The purpose of this Financial Services Guide (FSG) is to assist you in deciding whether to use any of our services by providing you with important information about the types of services we provide, how we and other relevant persons are remunerated, our interests and associations, and details about your rights should you have a complaint about the advice or services we have provided to you.
It is important that you read and understand this FSG. Should you have any questions please contact us to discuss them.
Where we provide you with a financial service, you may receive a Statement of Advice from us, which sets out our personal advice to you. You may also receive a Product Disclosure Statement which sets out information about a financial product you can acquire. These documents are explained in more detail in the following pages.
In this document any reference to “the licensee” or “we” or “us” or “our” means Chalk Licensee Pty Ltd, Australian Financial Services Licence (AFSL) number 700188. Reference to “financial adviser” means an authorised representative associated with Chalk Capital Pty Ltd (Practice,) ABN: 62 010 815 568 as a corporate authorised representative number 298168 of Chalk Licensee Pty Ltd.
Chalk Licensee Pty Ltd has authorised this FSG for distribution.
Not independent
Whilst we are required to provide advice in your best interests, as the licensee has a relationship with a product issuer through our SMAs, and may receive commissions from life risk insurance products we recommend or are held by our client’s vs charging you additional fees. As such, neither the Licensee, its Practice, or its financial advisers are independent, impartial, or unbiased as defined in Section 923A of the Corporations Act.
Who is responsible for providing you with advice and services?
We hold an AFS Licence (AFSL) issued by the Australian Securities and Investments Commission (ASIC), which enables us to offer financial advice services. As the licensee, we are responsible for the delivery of the services provided by our financial advisers.
Chalk Capital, established in Toowoomba in 1988, provides thoughtful, high conviction advice for individuals and families with complex, multi-layered wealth. The firm combines deep technical expertise with a human, relationship-first approach, helping clients make confident long-term decisions across generations. With strong regional understanding and disciplined judgement, Chalk Capital brings clarity to complexity, continuity through change, and advice that is both commercially sound and personally grounded.
We act on our own behalf when providing the financial product advice services we are authorised to provide. When we deal in financial products we act on your behalf as our client.
The services we can provide:
Our financial advisers’ authorisations to deal and provide financial product advice varies and may be limited based on their knowledge and skills (refer to ‘Who are our financial advisers?’ for more detail). We have authorised our financial advisers to deal, and provide financial product advice in the authorisations under our licence, being:
- Basic deposit products;
- Non-basic deposit products, such as term deposits;
- Debentures, stocks or bonds issued (or proposed to be issued) by a government;
- Life products including investment life and life risk insurance products;
- Interests in managed investment schemes including investor directed portfolio services;
- Retirement savings accounts;
- Superannuation including self-managed superannuation funds;
- Securities, including direct equities; and
- Standard Margin Lending facilities.
We can provide specialist advice and services in the following areas:
- Wealth creation
- Risk protection
- Retirement planning
- Estate Planning
- Wealth structuring and tax planning
Additionally, our financial advisers are all registered to provide Tax (Financial) Advice services. Based on the information collected from you, your adviser will consider the tax consequences of the financial advice they provide. However, this financial advice will not include a full assessment of your overall tax position or your tax liabilities and obligations. You should seek specialist tax advice from your accountant.
The services we cannot provide:
Services that cannot be provided under our AFSL include:
- Derivatives;
- Managed Discretionary Account Services;
- Personal advice relating to acquisition, development or disposal of direct property. Advice relating to direct property acquisition or investment will only relate to the investment strategy of an investment in property, such as asset sector allocation, cashflow and capital expenditure budgeting; and
- Credit advice, such as the arranging of a loan or the taking of credit. We may refer you to a broker that can assist with such matters.
You should rely only on the financial services described in this document.
Who are our financial advisers?
All advice provided by the financial advisers are provided as authorised representatives associated with Chalk Capital Pty Ltd (Practice), ABN: 62 010 815 568, as a Corporate Authorised Representative No. 298168 of the Licensee.
Bohdan Burima, Authorised Representative number 341081
Boh moved to Australia in 2008 after completing his Bachelor of Economics in Canada and began his financial advising career with a boutique financial planning firm in Toowoomba upon arrival. He holds a Diploma of Financial Services, an Advanced Diploma of Financial Services, a Bachelor of Arts (Economics), and a Master of Applied Finance, complemented by studies in Ethics and Professional Relationships. Boh specialises in wealth management, personal insurance, stockbroking, self-managed super funds, retirement and estate planning, and margin lending and gearing strategies, with a particular preference for developing direct equity portfolios in Australian and international shares.
Bohdan Burima can provide advice and services in all of the areas covered by the licensee.
As a Director, Shareholder and employee of the Licensee and Practice, your adviser receives a salary and may also receive profit share and distributions.
Ryan Myler, Authorised Representative number 314376
Ryan began his career in financial services in 2007, bringing with him an analytical precision developed during his earlier career as a respiratory scientist. He holds a Bachelor of Exercise Science, a Diploma of Financial Services, and an Advanced Diploma of Financial Services. Ryan specialises in wealth management, retirement and estate planning, self-managed super funds, superannuation advice, personal insurance, and financial planning, with an investment style focused on identifying opportunities in out-of-favour areas while actively managing portfolios and capitalising on growing trends.
Ryan Myler can provide advice and services in all of the areas covered by the licensee.
As a Director, Shareholder and employee of the Licensee and Practice, your adviser receives a salary and may also receive profit share and distributions.
Philip Saal, Authorised Representative number 267882
Philip began his career in financial services in 1999, initially working as a Senior Accountant before developing and a Financial Planning Division for a Toowoomba accounting business. He holds qualifications as a Financial Planning Specialist, Certified Practising Accountant, and Registered Tax Agent. Philip specialises in wealth management, personal insurance, retirement and estate planning, superannuation advice, self-managed super funds, and portfolio administration, taking a personalised, holistic approach to active portfolio management for each of his clients.
Philip Saal can provide advice and services in all of the areas covered by the licensee.
As a Director, Shareholder and employee of the Licensee and Practice, your adviser receives a salary and may also receive profit share and distributions.
Thomas Glasheen, Authorised Representative number 1314366.
Tom began his career in financial services in Brisbane in 2019 before returning to the Darling Downs region to work with local clients. He holds a Bachelor of Economics, a Bachelor of Mathematics, and a Graduate Diploma of Financial Planning. Tom specialises in wealth management, retirement and estate planning, superannuation advice, financial planning, and self-managed super funds, combining his mathematics and economics background with stockbroking experience to take a disciplined, analytical approach to identifying structural growth opportunities and undervalued areas of the market.
Thomas Glasheen can provide advice and services in the areas covered by the licensee except for Life Insurance and Margin Lending advice.
As a Shareholder and employee of the Licensee and Practice, your adviser receives a salary and may also receive profit share and distributions.
Alexander Clunies-Ross, Authorised Representative number 1317233.
Alex started his career in finance as an investment analyst at a boutique global fund manager in 2015. After moving with his family to Toowoomba in 2024 he embarked on a career in financial advice. Alex holds a Bachelor of Commerce and a Graduate Diploma of Financial Planning and in 2021, earned the right to use the Chartered Financial Analyst (CFA) designation. Alex specialises in wealth management, retirement and estate planning, superannuation advice, financial planning, and self-managed super funds and enjoys combining his interests in fundamental analysis and financial technology to improve investment decisions for clients.
Alex Clunies-Ross can provide advice and services in the areas covered by the licensee except for Life Insurance and Margin Lending advice.
As a Shareholder and employee of the Licensee and Practice, your adviser receives a salary and may also receive profit share and distributions.
Information we require to provide you with appropriate advice
We need full details of your personal objectives and needs, your current financial situation and any other information that is relevant to your reasons for seeking our advice. If you provide us with either incomplete or inaccurate information, the advice you receive may not be appropriate, and you would need to assess this, and accept the consequences for your own actions in light of your true circumstances.
As a business operating in Australia, we are required to adhere to the Australian Privacy Principles (APPs) contained in the Privacy Act 1988 (Cth) (the Privacy Act), which regulate the collection, storage, use, and disclosure of personal and sensitive information. Information about how we comply with the APPs can be found in the Privacy Policy available on our website www.chalkcapital.com.au or you can request a copy from us through any of the contact details on page 9 of this FSG.
How will we provide our advice to you?
Personal advice will be provided in writing, in a document called a Statement of Advice (SoA). This document sets out your personal circumstances and your needs and objectives and then explains the resulting strategy and recommendations. The SoA will also, among other things, tell you about:
- The basis on which the advice is given;
- The cost of the advice including the fees payable and any commissions we may receive; and
- Any associations we have with financial product issuers or other parties which may have the potential to influence the advice we give you.
If there hasn’t been a significant change to your personal circumstances any further advice may be provided to you in a Record of Advice (RoA). A copy of the RoA may be issued to you at the time the further advice is provided. You can request a copy of an RoA by contacting us using any of the contact details on page 1 of this FSG up to 7 years after the advice was provided to you.
Where our advice recommends a financial product, we will provide you with a Product Disclosure Statement (PDS). The purpose of a PDS is to assist you to make an informed decision about whether to acquire the financial product, as it contains a description of the product features, risks and benefits, and information about your cooling-off rights (if applicable). You should read and understand the PDS prior to making a decision about any product. If you have any questions, these should be raised with your financial adviser.
There may be circumstances where we provide advice that is not based upon your own personal circumstances, needs and objectives. This may be treated as General Advice, and you need to consider its appropriateness in light of your personal circumstances before acting on the advice. [The fees we charge for general advice range in costs and will be agreed with you prior to providing General Advice. If any particular product is mentioned, a copy of its PDS should be obtained by you and considered by you before making any decision.
If you instruct us to arrange a transaction without obtaining our advice, we may be able to deal in or arrange those products by carrying out your instructions on an execution-only basis. If you do not obtain advice, you face the risk that the financial product/s you select will not take into account your objectives, financial situation or needs, and we are not liable for any losses that are incurred from carrying out your instructions on the basis the financial product was not appropriate, or where you have declined to act in accordance with our advice.
How can you give us instructions?
You may instruct us by telephone, in writing, or email using the contact details on page 9 of this document. We may not act upon written or email instructions without verbal confirmation. Similarly, we may write to you confirming the substance of a verbal instruction prior to taking action.
If we execute your transactional instructions in instances where you have declined the offer of personal advice or otherwise not received it, we will not act on the instructions unless you sign a letter confirming the instruction was execution-only in that it was provided without our personal advice.
However, for your own protection you should never:
- Sign any blank forms or documents;
- Nominate a financial adviser to receive statements or records where you do not also receive a copy; or
- Appoint a financial adviser to act as your agent or authorised signatory without clearly defining the limits of their authority.
We will never send you a direct link to transfer funds in the body of an email. It is common for scammers to impersonate financial institutions and intermediaries such as financial advisers to obtain access to your money, for instance by providing fraudulent email instructions to transfer funds into an incorrect account. Please contact us immediately if you ever wish to verify the authenticity of an email you receive purporting to be from a product issuer or from us.
Relationships and associations and remuneration
We may refer and receive referrals from time to time with third party providers. No referral fees are received or paid.
Licensee Separately Managed Accounts (SMA)
We offer our five SMAs on the HUB24 Managed Portfolio Service ARSN 645 033 941, Issued by Ironbark Asset Management (Fund Services) Limited ABN 63 116 232 154, AFSL: 298626. These SMAs provide professional investment management tailored for investors who prefer owning their assets directly. This gives you flexibility and clear visibility into your investments.
We partner with Resonant Asset Management Pty Ltd, ABN: 41 619 513 076, AFSL:
511759, as the investment manager for our SMAs. They are specialists in designing and managing customised investment portfolios. Their experienced team works in collaboration with our investment committee to ensure your investments are well managed.
The Licensee receives no additional fees or benefits in offering these SMAs.
Other benefits
We may receive small benefits like entertainment or hospitality from certain product providers at no additional cost to you. We keep a register to record benefits valued up to $300. A copy of this register will be provided within seven days upon request.
What fees and other remuneration is payable for our services?
All fees and commissions are payable to the licensee. The licensee will deduct its costs and pass on the remaining fees and commissions to the Practice.
The fees which you pay for financial advice are separate to fees which are paid to the product issuers. It is important that you fully understand the types of fees and costs, and the total cost borne by you, on an annual basis.
if the remuneration (including commission) or other benefits are calculable at the time personal advice is given, the remuneration (including commission) or other benefits the person receives on specific financial products to which the personal advice relates will be disclosed at the time the personal advice is given or as soon as practicable after that time. If not, the manner in which the remuneration (including commission) or other benefits are to be calculated will be disclosed at the time the personal advice is given or as soon as practicable after that time.
All fees and commissions captured include GST.
Financial Planning Services
Initial Consultation
$330 (including GST)
Statement of Advice
$2,750 (including GST)
Complex Statement of Advice
Minimum $3,300
(including GST)
The initial client meeting includes a Financial Adviser’s full assessment of your current circumstances and financial goals. This one-off cost is to prepare and implement a strategy for a new client, to then be managed by the ongoing adviser service fee. Once paid, the $330 is deductible from the Statement of Advice fee should you choose to proceed with a written formal statement of advice.
Ongoing Advice Services
The benefit of receiving personal financial advice often comes from the ongoing relationship that you establish with your financial adviser, so that your financial strategy and products are regularly reviewed against the markets and changes to your circumstances or goals. The fees for our ongoing services are:
Minimum Fee
$1,100 p.a. (including GST)
Managed Account Fee
0.77% p.a. (including GST)
Direct Investment Management Fee
1.1% (including GST)
This is an annual cost to provide the core services as listed above on an ongoing basis. Our minimum chargeable fee for ongoing advice is $1,100 per year, charged as a fixed fee. Once the value of your investment makes the percentage-based fee higher than the fixed fee, we switch to a percentage-based fee. For clients investing in the Chalk Capital Separately Managed Accounts (SMA) offering and managed fund investments, this rate is 0.77% per annum, and for those requiring management of direct investments, the ongoing rate is 1.1% per annum.
A separate service agreement will be provided with your Statement of Advice, which will detail the services to be provided, and the costs. This will be discussed and will apply if agreed by you in writing.
Execution-only or Ad-hoc fees
If you require additional services that are not covered by any of the fees scheduled above, we will advise you if fees apply and obtain your authorisation to act prior to proceeding. Ad-hoc fees are typically levied on an hourly rate of $1,100.
Brokerage
Where we recommend the purchase of sale of securities there will be costs applied to enable these trades to occur. We have a relationship with FinClear, which is a broker that executes these trades
FinClear typically will receive payment from clients for a brokerage fee of $55.00 (Including GST) per transaction. FinClear will retain $13.20 from the brokerage, and 0.033% of the value of the transaction for each trade. FinClear act as an agent in a limited capacity (for primary market transactions and passing through these brokerage payments) for Chalk Licensee, where the remaining payment from the client of $41.80 (less the 0.033% of the value of the transaction) is paid to Chalk Licensee.
For example, if a $10,000 trade was placed with FinClear, clients would pay a brokerage fee of $55.00 (Including GST), which FinClear will retain $16.50, and the remaining client payment of $38.50 will be paid to Chalk Licensee.
Where a client’s situation and trade position is complex, additional fees may apply. These will be agreed with you prior to undertaking any trades.
Do we receive commissions?
Initial and ongoing commissions from insurance providers may be received by us. These commissions are paid to us by the insurance company if you acquire the cover we recommend. 100% of any commissions we receive will be paid in full to the Licensee. The Licensee will deduct its costs and pass the remaining commission to the Practice. The value of the commissions are included in the cost of what you pay for the insurance and are not an additional cost to you. The commissions we receive will be disclosed in your Statement of Advice with our recommendations.
The initial commission is paid at the commencement of the insurance policy by the product issuer to us. Ongoing commissions are payments paid by product issuers to us after the commencement of the insurance policy.
If you initiate an increase to your cover (resulting in an increase in the cost of premium payable by you to the insurance company), we may receive a further initial commission and an increase in the receipt of ongoing commissions on the value of the annual increase to your policy cost.
Where we recommend the use of a level commission arrangement, we will receive up to 33% of your annual insurance premium.
Upfront Commissions
Policies in place prior to 1 January 2020 - Upfront commission of up to 130% on the first years premium, and ongoing commission of up to 130% on the renewal premium.
Policies put into place after 1 January 2020 - Upfront commission of 66% on the first years premium, and ongoing commission of 22% on the renewal premium.
Example
We recommend you put into place an insurance policy on 01/07/26 and the premium is $2000. The Licensee would receive 66% or $1,320 of the first year’s premium as an upfront commission, and 22% or $440 of the renewal premium assuming it remains unchanged each year. The Licensee will deduct its expenses and pass the remaining commission to the Practice.
What to do if you have a complaint:
If you have a complaint or concern about the service provided to you, we encourage you to take the following steps:
- Review our public complaint policy located on our website www.chalkcapital.com.au
- Contact your financial adviser first to attempt to resolve your complaint.
- If you are unable to resolve the complaint with your financial adviser, contact us about your concern using any of the contact details in the ‘contact us’ section below. We will try to resolve your complaint quickly, fairly and within prescribed time frames.
- If your complaint is not resolved to your satisfaction within 30 days, you have the right to refer the matter to the Australian Financial Complaints Authority (AFCA). AFCA provides fair and independent financial services complaint resolution that is free to consumers.
Website: www.afca.org.au
Email: info@afca.org.au
Telephone: 1800 931 678 (free call)
In writing to: Australian Financial Complaints Authority, GPO Box 3, Melbourne VIC 3001.
Our compensation arrangements
We have arrangements in place to maintain adequate professional indemnity insurance as required by s912B of the Corporations Act 2001. This insurance provides cover for claims made against us and our financial advisers, including claims in relation to the conduct of financial advisers who no longer work for us but who did so at the time of the relevant conduct.
Contact Us
If you have any questions about our financial services, please do not hesitate to contact us:
Chalk Capital Pty Ltd (Corporate Authorised Representative of Chalk Licensee Pty Ltd AFSL 700188)
Address: Suite 3, 142 Campbell Street, Toowoomba QLD 4350
Postal Address: PO Box 1767, Toowoomba QLD 4350
Telephone: 07 4639 1277
Email: admin@chalkcapital.com.au
Authorised Representatives of Chalk Licensee Pty Ltd:
Bohdan Burima
Telephone: 07 4639 1277
Email: Boh.Burima@chalkcapital.com.au
Philip Saal
Telephone: 07 4639 1277
Email: Philip.Saal@chalkcapital.com.au
Ryan Myler
Telephone: 07 4639 1277
Email: Ryan.Myler@chalkcapital.com.au
Alex Clunies-Ross
Telephone: 07 4639 1277
Email: Alex.Clunies-Ross@chalkcapital.com.au
Thomas Glasheen
Telephone: 07 4639 1277
Email: Tom.Glasheen@chalkcapital.com.au