SEEKING FINANCIAL ADVICE
What do you need to know when seeking financial advice?
We’ve answered some commonly asked questions below.
Or, you can watch this series of helpful videos presented by Financial Markets Authority Investor Capability Manager Gillian Boyes, explaining when to get advice, the types of advisers available, and the level of service to expect.
What is financial advice?
Financial advice is advice provided by specialists in areas such as financial planning, insurance, investing or mortgages.
Why would I engage a financial adviser?
Financial advisers work with you to understand your goals and aspirations. They provide recommendations and advice relevant for your situation and ensure that you have the knowledge you need to help you make decisions at critical points in your life.
What different types of advice are available?
Financial advice covers insurance, investment, mortgages and financial planning. Advisers usually specialise in one particular area, so it’s important that you engage the right type of adviser for your needs. Financial planners help you to plan ahead and work out how to achieve your long-term financial goals.
When should I get financial advice?
You may like to consider getting financial advice when you are making important financial decisions, or when you are going through major changes in your life. You’ll have different priorities and requirements at depending on your stage in your life, so we have put together some resources to provide food for thought no matter where you are on your financial journey. Read more.
How do I know I can trust an adviser?
It’s reassuring to know that financial advisers are seen as trusted professionals by those who consulted them. According to Financial Advice NZ research over 90% of those surveyed who have used an adviser rated them as good or very good with regard to trustworthiness, and more than 85% were satisfied or very satisfied with the help they receive.
All financial advisers must comply with the FSLAA, and they are monitored by the Financial Markets Authority to ensure they comply with their obligations. Financial Advice New Zealand encourage its members to join the CFP Mark Pathway Programme and gain the Trusted Adviser designation which demonstrates an additional level of training at a higher level has been achieved.
FMA Video Series
This series of short videos presented by the Financial Markets Authority Investor Capability Manager Gillian Boyes, explains when to get advice, the types of advisers available and how to find one. They also discuss the level of service to expect from your adviser and the safeguards in place to protect you and your money.
Looking for expert help?
Search the Financial Advice Member Directory to find a quality financial adviser.