These Terms of Business are effective from 01 July 2026
These terms of business will remain in force and apply to any business service we provide to you now or in the future. If we change any of our business terms, we will let you know at our next meeting.
- The full name and address of the firm is set out at the top of this document.
- Choice Advice Ltd t/a McNamara Wealth is authorised and regulated by the Central Bank of Ireland. Our Central Bank reference number is C190223.
- Choice Advice Ltd t/a McNamara Wealth is registered to undertake insurance mediation, investment intermediary and mortgage intermediary services. Copies of our regulatory authorisations are available on request. The Central Bank of Ireland also keeps a register of regulated firms, and our reference number is C190223.
- We follow the Minimum Competency Code and Regulations 2017, the Consumer Protection Code 2025, the Fitness and Probity Standards 2014, and the Handbook of Prudential Requirements.
- We offer a range of products and services including life assurance, pensions and investments.
- We hold written letters of appointment with a number of insurance undertakings and product producers. We provide advice on a fair and personal analysis basis, meaning we consider a sufficiently broad range of suitable products and providers before making a recommendation based on your individual needs, objectives and circumstances. A list of product producers with whom we hold an agency appointment is set out at the end of this document.
- We may receive commission or other payments from product providers where business is placed with them. Summary details will be shown in the product information documents you receive before an application is completed. If a separate fee applies, we will give you a written estimate before providing the service. Our current Schedule of Fees and Charges, setting out the maximum fees and commission arrangements that apply, is available on our website and on request. We may also receive appropriate non-monetary benefits from providers where these support the quality of service we provide to you.
- Client payments and receipts: We do not hold client monies and do not accept payments made payable to the firm for insurance or investment products. Payments should be made directly to the relevant product provider. Where we receive a payment for onward transmission, we act solely as agent and will issue a receipt in line with our regulatory obligations.
- Suitability: To give suitable advice, we need complete and accurate information about your financial circumstances, objectives, needs, risk appetite and investment time horizon. Please let us know promptly if your personal or financial circumstances change, as this may affect the suitability of our advice.
- We comply with GDPR and the Irish Data Protection Act 2018. We use your information to arrange agreed transactions, provide business services, meet legal and regulatory obligations, and support legitimate business purposes. Your information is shared only where needed with relevant product providers. You may ask to see the information we hold about you, request corrections, or opt out of marketing at any time. Queries about personal data may be sent to info@mcnamarawealth.ie.
- Use of artificial intelligence: We may use AI tools to support administrative and communication tasks, such as drafting documents and correspondence. We do not enter client data, personal information or confidential details into AI systems. Any work supported by AI is reviewed and approved by a qualified financial planning professional before use.
- We aim to avoid conflicts of interest when providing services. If an unavoidable conflict arises, we will tell you in writing before proceeding.
- Periodic assessment of suitability: Where required, we will provide you with an annual report summarising how your product continues to meet your investment needs, objectives and risk profile.
- We may exercise our legal rights to receive any payments due to us for services provided. Product providers or insurers may withdraw benefits or cover if payments due under a product are not made. Details will be included in the relevant product terms and conditions.
- Duty of disclosure: When applying for or renewing insurance, you must answer the insurer's questions honestly and with reasonable care. If information is incomplete or inaccurate, the insurer may apply proportionate remedies, which can include changing terms, reducing a claim payment or voiding the contract.
- If you have a complaint, please send it to us in writing by post or email. We will acknowledge it within 5 business days, keep you updated at least every 20 business days, and aim to provide a full written response within 40 business days. If you are not satisfied with our response, you may refer the matter to the Financial Services and Pensions Ombudsman.
Financial Services and Pensions Ombudsman
Lincoln House, Lincoln Place
Dublin 2
Phone: 01 567 7000
Email: info@fspo.ie
Website: www.fspo.ie
- We are a member of the investor compensation scheme run by the Investor Compensation Company Limited. The scheme may compensate eligible investors if an investment firm is unable to meet its financial obligations, subject to the applicable limits. Where a right to compensation is established, the amount payable is the lesser of 90% of the eligible loss or €20,000.
- We provide investment advice on a fair analysis basis across the investment providers with whom we hold written appointments. When assessing investment products, we consider how providers integrate sustainability risks. We do not currently assess sustainability risks as an additional factor alongside relevant financial risks, unless you specifically request a product with a sustainable investment objective.
- We do not currently consider the principal adverse impacts of investment decisions on sustainability factors as a primary consideration in our advice process. We review this position annually and will update it if appropriate.
- You may cancel your policy at any time by giving notice in writing, subject to the terms and conditions of the policy.
- Anti-money laundering and countering the financing of terrorism: We may ask you for information we reasonably need to comply with anti-money laundering and counter-terrorist financing legislation.
- Governing law and language: Irish law applies to the relationship between you and our firm. Contracts, terms, conditions and communications will be in English. We may ask you to sign documents electronically, and electronic signatures are legally binding in Ireland in the same way as handwritten signatures.
These Terms of Business are effective from 01 July 2026
Insurance Undertakings
We hold letters of appointment with the following insurance undertakings and product producers.
- Irish Life Assurance plc
- Zurich Life Assurance plc
- Aviva Life and Pensions Ireland DAC
- Royal London Insurance DAC
- New Ireland Assurance Company plc
- Standard Life International DAC
- Allianz Global Life dac
Investment Intermediary Undertakings
- Cantor Fitzgerald Ireland Ltd
- Independent Trustee Company Ltd (ITC)
- Conexim Advisors Ltd
Mortgages
- Brokers Ireland Mortgage Services
Choice Advice Ltd t/a McNamara Financial Planning and McNamara Wealth is regulated by the Central Bank of Ireland.