Our Reporting to you At the end of each quarter, you will receive a comprehensive set of reports that detail: The current market value of your portfolio  Your current asset allocation, including currency exposures  Each individual investment in your portfolio, its cost price and current market value  All purchases and sales transacted during the quarter  All cash movements during the quarter, including interest and dividend income Your reports will be accompanied by market performance details and commentary so you can assess the progress of your portfolio on a regular basis.  At the end of each financial year, you will receive a statement of income earned, tax paid and fees incurred for the full year. This provides you with all the necessary portfolio information you require to prepare your tax return. Whilst we do not act as tax advisors, the nature of the service we offer Portfolio Services clients greatly simplifies end of year income reporting. Income reports for Portfolio Service clients have been upgraded to meet the substantially increased complexities of recent tax changes. This includes distinguishing between the actual total portfolio income received and the total assessable portfolio income, adjusted (where relevant) for Portfolio Investment Entity (PIE) income, issuer management fees and Foreign Investment Fund (FIF) income. Our reporting of FIF income resolves the considerable complexities introduced by the Fair Dividend Rate (FDR) method and its associated Quick Sale adjustment rule.  The comprehensive income report we provide to Portfolio Services clients is compiled from information held in our systems pertaining to your account. The information produced is specific to you. We take into account in providing the reports such things as your residency status, account type (Individual, Trust, Company, Joint, Partnership, Estate), tax rate, threshold for application of FIF Rules (applicable to resident individuals only), and the net original cost of your FIF securities (applicable to resident individuals only).  If you are bewildered by recent tax changes, or if you find the ongoing administration of your investments a burden, we can assist you. Your Investment Advisor can help you to understand the implications of the FIF and FDR regimes and can work with you to take the appropriate course of action for your investments. We also recommend you discuss this with your tax advisor for specific advice. Administration and Safe Custody The custodial service for your portfolio is provided by Forsyth Barr Custodians Limited, which is a separate entity from Forsyth Barr. Forsyth Barr has no claim on Forsyth Barr Custodians Limited. What is a Custodian? The purpose of a Custodian is to hold your investments on your behalf and to enable the administration of those investments. Although the Custodian assumes the title of the investments for you, you continue to be the direct beneficial owner of the investments at all times.  What protections are in place? The Custodian, as a bare trustee, only undertakes activities on behalf of investors. It carries out no activities outside its role as a bare trustee and has no power to act outside of client instruction or authority. Administration The custodial service enables us to undertake the following administrative tasks: Recording all your portfolio investments, and changes to these  Recording all movements in cash such as: payments to you or withdrawals from your portfolio; investments you buy or sell; fixed interest maturities and all portfolio income that you receive  Processing corporate actions, including interest and dividend income and related withholding taxes and tax credit details  Processing investment transactions  Receiving and attending to investment mail and correspondence  Quarterly and end of year reporting  Who uses Private Portfolio Management? Find out if this service is suitable for your needs. Learn more about the Private Portfolio Management investment process. What are the charges? Find out about our competitive fees. Download a Private Portfolio Management brochure.  Taking the next step You deserve to have your investments managed to your best advantage.  You should be confident that your investment portfolio is working effectively for you both now and in the future. This will free up your time to do the things you most want to do. We aim to make this whole process simple for you.  Contact us: We invite you to take the next step towards more successful investing – call us now to discuss Private Portfolio Management.  “Our future is about your future. A long and proud history stands behind us. Our commitment is to continue to provide the highest levels of service for all our clients”. Disclosure statements for Forsyth Barr Limited and its Investment Advisors are available on request and free of charge.