Financial Services Guide

Legal Obligations and Conditions

Aerarius Indicium Pty Ltd is an Authorised Representative # 408159 of Gryphon Learning Pty Ltd, Australian Financial Services Licensee # 246606.  None of Gryphon Learning Pty Ltd, Aerarius Indicium Pty Ltd or PhoenixAI take into account the investment objectives, financial situation and particular needs of any particular person and before making an investment decision on the basis of the PhoenixAI information and services, a prospective investor needs to consider with or without the assistance of a securities adviser, whether the advice is appropriate in the light of the particular investment needs, objectives and financial circumstances of the prospective investor.

Gryphon Learning Pty Ltd Financial Services Guide

The Financial Services Guide describes the following:

1.This Financial Services Guide (FSG) is issued by Gryphon Learning Pty Ltd, ABN 70 098 597 427 to advise you of the Financial Services we offer. It is designed to help you decide whether to use these services and allows you to see that we are complying with our obligations as a Financial Services Licensee.

2. We can be contacted at Level 1, 651 – 653 Doncaster Road, Doncaster  Vic  3108 or via telephone on (03) 9855 8120  and / or fax on (03) 9855 9533

3. Gryphon Learning Pty Ltd is an ASIC authorised Australian Financial Services Licensee (# 246606) with a licence that:

Gryphon Learning is authorized to provide General Product advice and also Personal advice. Gryphon Learning however specifically chooses not to provide Personal Advice. Personal advice includes financial product advice given where a client’s objectives, financial situation or needs have been, or might reasonably be expected to have been, taken into account. General advice is financial product advice that is not personal advice.

4. Currently Gryphon Learning has associations or relationships with Financial Product issuers such that Gryphon Learning may be paid for services provided to EMC Funds Management Pty Ltd for services provided in regard to the EMC Managed Fund and to Aerarius Indicium Pty Ltd for the sales and marketing activities associated with the sales and delivery of the PhoenixAI market Information service and in addition Gryphon Learning will be paid for services provided to Traders Hub Limited for services provided on behalf of the ATS Managed Fund.

5. The costs of our services are listed on our website and they do vary from time to time. However services delivered to retail clients are based around four differing products and different types of products. These range from the
a) production, sale and delivery of multimedia educational material designed to educate and train clients in the operations and opportunities in financial markets, these services are typically delivered based around a one time fee for the provision of the educational material with current prices and actual products all listed on the Gryphon Learning website accessed via the following link: http://www.gryphonlearning.com.au
b) promotion and delivery of educational workshops which are also designed to better educate clients and students in the same operations of the various financial markets, together with delivery of and education in mathematical statistical analytical systems. These systems and services are typically based around both a one time fee as well as monthly service fees associated with the continued use of the provided proprietary trading tools with current prices and actual products all listed on the Gryphon Learning website again accessed via the following link: http://www.gryphonlearning.com.au
c) promotion and sale of the PhoenixAI market Information service to prospective or current investors, these products are delivered based around an initial software sale price, together with the on-going monthly data plan service charges applicable to the client selected data plan. Details of the various charges applicable from time to time are set out in the following website http://www.phoenixai.com.au
d) promotion and sale of the Inquisitor, market scanning service, designed to assist investors and traders to use automated tools to scan for and select potential market investment opportunities, the charges as applicable from time to time, for this service are also set out in the following website http://www.phoenixai.com.au

6. Remuneration to Gryphon Learning, results directly from fees and charges levied for the services provided at the rates advertised for those services at the time of offer for those services. The presenters who facilitate the face to face seminars and workshops on behalf of Gryphon Learning and as authorised representatives of Gryphon Learning, will be paid their out of pocket travel expenses and a commission based on revenues earned by Gryphon Learning as a result of their efforts in facilitating those workshops. Other staff and / or consultants are paid salaries or fees for services and expenses, as the case may be. Some Gryphon Learning staff, consultants and distributors may earn additional performance based incentives for the referral of clients.

7. In the event that you are dissatisfied with the services we have provided, you should in the first instance address those concerns directly by telephone to The Compliance Director, Gryphon Learning Pty Ltd at the phone number shown on the foot of this document. Any follow-up should be in writing by facsimile to the fax number or else mailed to the postal address, shown at clause 2 above. Should you remain dissatisfied after discussion and/or written communication with the Compliance Director of Gryphon Learning then you should contact the Financial Ombudsman Service, GPO Box 3, Melbourne, Vic 3001. Gryphon Learning is a registered member # 11201 of FOS.

8. Gryphon Learning require registration and / or enrolment of all students / clients. The resultant student records are held in our databases and we do not pass on any of those records to other external organisations, other than as the law may require. Gryphon Learning aims to keep all current and former students / clients informed of pertinent educational material and courses available, and similarly with other relevant financial services, as appropriate support material becomes available, it too will be promoted to our students / clients.

9. Gryphon Learning, Directors, Staff and Consultants may have holdings in various stocks, equities currencies and other investments from time to time. Notwithstanding our wider AFS licence Gryphon Learning will only provide General Advice, and as a consequence it is not perceived that any such Directors, Staff or Consultants holdings are likely to cause any conflicts of interest in regard to any General advice being given to clients / students.

10. Other documentation which Gryphon Learning may issue to clients / students from time to time, apart from Registration and Enrolment forms, may include Product Disclosure Statements where applicable. A Product Disclosure Statement (PDS) contains information about a financial product, including information about any significant terms and risks, the costs of the financial product and the fees and charges that the financial product issuer may receive or charge.
Given the inherent risks of many investment products, Gryphon Learning does not warrant, guarantee or otherwise imply, that any investments you may make as a result of any of the education that you undertake with and through Gryphon Learning, will necessarily provide you with positive returns in that investment or form of investment.

Any and all opinions provided by Gryphon Learning or its authorised representatives are made as general recommendations and they are not based on nor take account of our consideration of your individual investment objectives, financial situation nor any particular needs of any particular person.
Before making any investment decisions on the basis of any of the general advice given by Gryphon Learning or its Authorised Representatives, a prospective investor needs to consider, with the assistance of a duly authorised investment adviser, whether that advice is appropriate in the light of the particular investment needs, objectives and financial circumstances of the prospective investor.

This Financial Services Guide was prepared by Gryphon Learning Pty Ltd and its distribution authorised – 25th May 2011.