Financial Advice NZ ponders questions of experience in Trusted Adviser consultation

Sue Brown

The plans for the mark, which have been part of the association’s plans from the outset, were unveiled in June.

A Trusted Adviser of Financial Advice NZ is a member who has been accepted as having a level five qualification or higher, three years’ experience providing regulated financial advice, a minimum of 20 hours’ CPD a year, completing a three-hour ethics workshop every three years, and holding appropriate adviser-level professional indemnity insurance.

Board chair Sue Brown told a webinar discussion about the mark that it could not be finalised until the new regulatory regime was clear. That will take effect from next March.

She said what the board had settled on would be meaningful for advisers and consumers but was also achievable for all Financial Advice NZ members.