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What will happen to my investments if QuietGrowth is acquired by another firm, or ceases to conduct business?
You need not worry because your brokerage account with our brokerage partner is held in your own name. Your securities are held under your own unique Holder Identification Number (HIN), that is, under the individual HIN structure. Your securities are held under an individual HIN and not under a pooled HIN.
Your cash account, which is the ANZ Cashactive account, is created in your own name.
If any other firm acquires QuietGrowth and that firm decides to continue providing the MDA service to you, then there will not be any disruption in the service to you.
Even in the unlikely event of QuietGrowth ceasing to conduct business or cease to provide the MDA service to you, because of getting acquired or because of business failure, your brokerage account and your cash account will remain active in your own name. Your securities will continue to be held under the individual HIN structure by our brokerage partner, until you transfer your securities to a new broker of your choice, or you choose to liquidate your security holdings to withdraw all your money. During this period, our brokerage partner, instead of us, will not be providing the MDA service to you. That is, for example, our brokerage partner will not provide online investment advice, nor design investment portfolios, nor invest your money as per your Investment Program, nor ensure that your portfolios are rebalanced.