eLeasing is an experienced equipment leasing broker owned and operated by Doug Edginton. Doug has been arranging equipment leasing for customers and partnering with suppliers in New Zealand for over fifteen years.
"I have facilitated equipment lease contracts in New Zealand for SME, Schools, Educational Institutions, Local Government, Major Corporates, Government Departments, Legal Practices, Accountancy Firms, Charitable Trusts, Professionals etc".
"There are two objectives I constantly strive to better deliver upon. The first to make the lease process as easy as possible for our supplier partners. The second is to have well informed customers that understand their equipment lease contract".
Nature and Scope of the Advice
Doug Edginton provides advice to clients about equipment finance, equipment leasing, consumer finance, commercial loan agreements, cashflow finance, working capital finance, credit contracts.
Doug Edginton only provides financial advice about products from certain providers, presently Flexigroup (New Zealand) Limited, Heartland Bank Limited, PROSPA NZ Limited, Eclipx NZ Limited, MARAC.
Doug Edginton does not provide advice on managed funds, investment planning services, Kiwisaver, shares or bonds.
Fees or Expenses
Unless otherwise agreed Doug Edginton does not directly charge the client any fees or expenses for regulated financial advice.
Conflicts of Interest and Incentives
For successfully brokered leasing and finance contracts Doug Edginton receives commission from his lessor/funder partners.
If you decide to take out a lease or finance contract that has been successfully brokered by Doug Edginton the lessor/funder partner will pay a commission to Doug Edginton. The amount of the commission is based on the nature and size of the lease or finance contract.
To ensure that Doug Edginton priorities' his clients’ interests above his own, he follows an advice process that ensures recommendations are made on the basis of each client’s goals and circumstances.
Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
As from 1 October 2018 I am required to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. These requirements are often referred to as “AML”.
AML is a global initiative intended to make it harder for criminals to profit from and fund illegal activity. This means that before carrying out work for my customers I may need to carry out Customer Due Diligence (CDD).
CDD requires me to verify the identity of my customers and I will do this by obtaining copies of documents such as passport or drivers license along with individual proof of address where applicable.
Many of my customers are well known to me and I understand that it may be frustrating to be asked to prove your identity, however we are committed to complying with our obligations under the act so thank you in advance for your understanding.
Doug Edginton is a Registered Financial Advice Provider (FAP) in New Zealand FSP472246 and a member of Financial Services Complaints Ltd.
Doug Edginton has duties under the Financial Markets Conduct Act 2013 relating to the way that he gives advice, he is required to:
• Give priority to your interests by taking all reasonable steps to make sure his advice isn’t materially influenced by his own interests.
• Exercise care, diligence, and skill in providing you with advice.
• Meet standards of competence, knowledge and skill set by the Code of Professional Conduct for Financial Advice Services (these are designed to make sure that he has the expertise needed to provide you with advice).
• Meet standards of ethical behavior, conduct and client care set by the Code of Professional Conduct for Financial Advice Services (these are designed to make sure he treats you as he should, and give you suitable advice).
This is only a summary of the duties that he has. More information is available by contacting him, or by visiting the Financial Markets Authority website at https://www.fma.govt.nz