Financial Services Guide

Financial Services Guide 

Date: July 25th, 2021

The Rask Group Pty Ltd (ACN: 622 810 995) (“we”, “our” or “us”) is a Corporate Authorised Representative No. 1280930 of Wattle Partners Pty Ltd (ABN: 89 145 903 840) (AFSL: 383 169). 

The Rask Group Pty Ltd owns and operates the following websites (“websites” or “Service”):

  • www.rask.com.au, including its subsites, such as education.rask.com.au
  • www.raskmedia.com.au
  • www.bestetfs.com.au

Within the websites, we offer members-only pages and content. 

Wattle Partners Pty Ltd (“Wattle”) has authorised the distribution of this Financial Services Guide (“FSG”). 


The purpose of this FSG is to assist you in deciding whether to use any of the services offered in this FSG. This FSG contains information about the remuneration that may be paid to The Rask Group Pty Ltd and Wattle and information about how complaints about The Rask Group Pty Ltd may be dealt with. 

This Financial Services Guide (“FSG”) also includes the following information:

  • Who we are
  • How you can contact us
  • How we use your personal data
  • How we get paid 
  • The details of our dispute resolution process
  • The Australian Financial Services Licensee (“AFSL”) and authorised representative details

The information included in our FSG is general information about the services we provide, If you have questions about this FSG or our services, please contact us using the following information:

  • The Rask Group Pty Ltd
  • Level 4, 125 Flinders Lane, Melbourne, VIC, 3000
  • Email: [email protected]
  • Online: www.rask.com.au/contact 

Who are we?

The Rask Group Pty Ltd is an Australian-owned financial services and education business which publishes financial education and general financial advice via newsletters, email, audio, video, radio, television, reports, seminars, a public website and members-only websites. Our goal is to empower Australians to take control of their finances via our free educational resources and paid general financial advice Subscription Services. 

First things first: this video explains the difference between general financial advice (what we offer) and personal financial advice (what we do not offer):

Okay, so… what do we, at Rask, offer to our customers?

Our Subscription Services include:

  • Rask Invest

Rask Invest is a subscription newsletter and member-only website. The cost of a membership is $399 for the first six months, then $199 every six months (note: one month is calculated as 30 days), payable at the Commencement Date of the Subscription Service. With promotions, the regular price may change from time-to-time. 

We provide general financial advice on various financial topics, including: 

  • ASX and international shares
  • Exchange traded funds (ETFs)
  • Managed funds
  • Property, and
  • Financial markets and the economy

We also provide factual information and education on Superannuation, bank accounts, insurance and budgeting. 

  • Rask ETFs

As of the date of this FSG, Rask ETFs is a non-recurring newsletter and member-only website. The cost of a membership is $99 for lifetime access to the membership, payable at the Commencement Date of the Subscription Service. With promotions, the regular price may change from time-to-time. We reserve the right to cancel the service at any time.

We provide general financial advice on various financial topics, including: 

  • ASX-listed Exchange-traded funds (ETFs)
  • ASX & international shares
  • Managed funds
  • Property, and
  • Financial markets and the economy

We also provide factual information and education on Superannuation, bank accounts, insurance and budgeting. 

  • Rask Rockets program (e.g. Rask Rockets Apollo, Rask Rockets Beyond)

Rask Rockets Beyond and Rask Rockets Apollo are subscription newsletters and member-only websites. The cost of a membership to Rask Rockets Apollo is $1,500 for the first full year, then $499 every year, payable at the Commencement Date of the Subscription Service. The cost of a membership to Rask Rockets Beyond is $2,000 for the first full year, then $499 every year, payable at the Commencement Date of the Subscription Service. With promotions, the regular price of Apollo or Beyond may change from time to time. 

We believe that the majority of the value (as much as 75% or more) of the Rask Rockets program is delivered to members within the first month of Service. Therefore, the fees are not refundable.

At times, the Rask Rockets programs may not be available for new members to join, or for existing members to renew. This may be due to factors within our control (e.g. our appetite for new members), commercial reasons (e.g. the cost of maintaining the ongoing coverage), or other reasons.

Rask Rockets provides general financial advice on small-cap Australian (ASX-listed) shares/securities and well as information on financial markets and the economy. 

WARNING:

Given Rask Rockets program’s focus on smaller companies and individual shares, we strongly recommended all of our members receive licensed and independent financial advice from a suitably qualified financial planner before joining the Service. In addition, while we take steps to ensure all of our information and research is offered in an equitable and thoughtful manner to all members, small-cap shares can be illiquid and involve a higher amount of uncertainty. Therefore, the ability to buy or sell a position in these companies can become difficult, time-consuming and/or expensive, resulting in added risks to investors.

Please note: before June 2021 the Rask Rockets Apollo service was a One-Time membership (i.e. it was expected to have one upfront fee of $1,500 then cease after the first year). However, as with Beyond, it has now transitioned to an upfront fee plus an ongoing subscription (after one year).

Other Services we provide:

  • Free reports, video promotions, podcasts and newsletters

We often publish free written, audio or video reports on finance and investing. This includes a free finance newsletter, which we use to grow awareness for our paid services. 

  • Rask Media

Rask Media, the website found at URL: www.raskmedia.com.au, is our news and publishing website. Rask Media provides stock market commentary, as well as financial news and analysis produced by our writers, third-party contractors and experts (e.g. fund managers). We also use this website to host our podcasts, videos and to market our Subscription Services, free newsletters and educational services.

  • Best ETFs Australia

Best ETFs Australia or Best ETFs, the website found at URL: www.bestetfs.com.au, is our news and publishing website for Exchange Traded Funds (ETFs), mFunds, unlisted managed funds, Superannuation and the funds management industry. Best ETFs provides free stock market commentary, factual information and general financial advice contained in “free ETF reports” or “analyst reviews”, as well as financial news and analysis produced by our writers, third-party contractors and industry experts (e.g. fund managers, journalists, etc.). We also use this website to host our podcasts, videos and to market our Subscription Services, free newsletters and educational services.

Special note on our fund reviews: Any of our ‘analyst ratings’ or reviews on Best ETFs should not be considered as a forecast, guarantee of performance or estimate of a fund or ETF’s returns or risk. Investing in ETFs and funds is risky, and the performance is outside the control of our analyst team.

  • Rask Education

Rask Education, the website found at URL: education.rask.com.au, is our education website. Rask Education provides free and paid courses, which are made available to everyone in the hope that we can educate and empower more Australians. We also use this website to host our courses, podcasts, videos and to market our Subscription Services, free newsletters and educational services. The price of our paid courses varies depending on the course taken:

  • Value Investor Program (Online) has a regular price of $799, paid upfront. 
  • Money Basics course has a regular price of $49, paid upfront

Our paid courses allow members to maintain access to the material for nine months from the Commencement Date. The payment is not recurring. 

The Services We Are Authorised To Provide

The Rask Group Pty Ltd (ACN: 622 810 995) is a Corporate Authorised Representative No. 1280930 of Wattle Partners Pty Ltd (ABN: 89 145 903 840) (AFSL: 383 169) and we are authorised to provide general financial product advice only to retail and wholesale clients in relation to the following classes of financial products:

  1. Basic deposit products
  2. Superannuation
  3. Shares & ETFs (i.e. “securities”);
  4. Managed funds

In providing these services, The Rask Group Pty Ltd and Wattle act on their own behalf and neither The Rask Group Pty Ltd or Wattle are providing these services as your agent or broker.

General Advice Only – Investment Warning

We provide general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product.

If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. 

How We Use Your Personal Data

We are committed to ensuring your privacy. We have a Privacy Policy, which can be accessed www.rask.com.au, or by emailing us (see our contact information below). 

To provide our services, we may collect your name, address, date of birth and email address. We may also keep your telephone number, address or payment details if you provide them to us. If you click on any links to a third party website from www.rask.com.au, www.raskmedia.com.au or affiliated websites, including when paying for a Subscription Service via PayPal or Stripe, you should be aware that these other sites may have their own privacy and data processing practices.

We may also keep a copy of any correspondence between you and us. This may include your emails, telephone calls and letters. Should you wish to change or remove your information from our database, please write to us.

We do our utmost to keep your information secure and will never disclose any of your personally identifiable information to third parties without express permission. This does not include trusted third parties who assist us in maintaining our services, including our website. We will not sell or lend your personal information to any third party. 

At times, we may contact you with promotional offers and marketing via email, or we may contact you via phone to help with account related enquiries or to ask for feedback. 

How We Are Paid

Subscriptions: We make money by charging a subscription fee to access our member-only services. For example, to access Rask Invest the usual cost is $399 for the first six months, minus any discounts or promotions. 

Advertising: At times, we may receive advertising revenue or post sponsored content on our sites, videos or podcasts.

Expert contributions: Third-party finance experts are invited to contribute their content to www.raskmedia.com.au. The Rask Group does may receive compensation for such material, we will disclose this as a sponsored post

As an authorised representative, Rask Group Pty Ltd pays Wattle a fixed annual fee. Wattle does not receive commissions from third-party providers of products recommended by us.

How Can You Deal With Us?

You can subscribe for our premium content, such as our Subscription Services, on our websites. If you cannot access our websites, you can contact us via email (see “How To Contact Us” below). We offer a money-back guarantee period of 7 days from the day the Subscription Service begins. 

How Do We Pay Our Staff?

The Rask Group Pty Ltd and its directors and staff receive fixed salaries and, in some circumstances, may be entitled to receive performance-based bonuses. In addition, shareholders are entitled to dividends. 

Do You Have Any Relationships Or Associations That Might Influence The Advice?

The Rask Group Pty Ltd, its directors and staff, may deal in or have a financial interest in the securities and other financial products referred to in our publications, our free services or when we give other general financial advice. 

All employees must disclose their financial interest or position in any product mentioned as part of our services. You should carefully consider the disclosures we make in our publications. These financial interests should not be considered as a recommendation. 

The Rask Group Pty Ltd is owned and controlled by the Raszkiewicz family, directors and Australian shareholders. We are not owned by a bank or product provider. 

Wattle does not have relationships with the providers of products recommended by The Rask Group Pty Ltd that would impact the advice we provide. 

Professional Indemnity Insurance

Wattle has professional indemnity insurance in place that satisfies the requirements for compensation arrangements under section 912B of the Corporations Act. 

These insurance policies cover the services provided by us and our representatives after they cease working with us. The compensation arrangements that Wattle has satisfy the requirements for compensation arrangements under section 912B of the Corporations Act 2001.

What Should I Do If I Have A Dispute Or Complaint?

You can make a complaint about our services by email using: [email protected]
We have established procedures to ensure that all complaints are handled in a timely manner. We aim to acknowledge all complaints immediately.

Additionally, you may contact Wattle. If the complaint cannot be resolved to your satisfaction within 45 days you have the right to refer the matter to the Australian Financial Complaints Authority (ACFA) which is an external complaints service, of which our licensee is a member (member number 24482).

Australian Financial Complaints Authority (AFCA)
GPO Box 3
Melbourne VIC 3001
Phone: 1300 780 808
Email: [email protected]

How Can I Contact You?

Our contact details are as follows:

  • The Rask Group Pty Ltd
  • ACN: 622 810 995; authorised representative number: 1280930
  • Level 4, 125 Flinders Lane, Melbourne
  • Hawthorn, Victoria, 3122
  • Email: [email protected]
  • Online: www.rask.com.au/contact

Our authorising AFS licensee: 

  • Wattle Pty Ltd AFS licence no. 383 169 
  • Address: Level 4, 125 Flinders Lane, Melbourne
  • Email: [email protected]

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