From 15 March 2021, the rules have changed for those providing financial advice in New Zealand.
Under the new regime, anyone who gives regulated financial advice to retail clients must either hold, or operate under, a Financial Advice Provider licence. All providers of financial advice are now subject to the same obligation to place the interests of their clients first and must adhere to a new Code of Conduct.
As a member of the Wealthpoint network, Core Advice Financial Advisers provide advice on behalf of Wealthpoint Limited which holds a transitional Financial Adviser Provider licence. For more information, please visit https://wealthpoint.co.nz/wealthpoint-disclosure/ or click here to read the information disclosure for Ross Frater.
For Core Advice clients this remains business as usual. Some of the documents we use will look a little different but we are well placed to continue delivering tailored insurance and savings to our clients and meeting the updated regulatory requirements.