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Category: Financial News

Financial Advisers Harness the Power of Word of Mouth

by David Maida Financial advisers know that overcoming trust and fear issues with prospective clients is critical in developing a strong relationship. Referrals have long been a great source of new clients because someone has already spoken highly of you. But written testimonials in the form of case studies can describe the experiences of existing clients and help break the…

Sticking to the limit

The Financial Markets Authority (FMA) published a guidance note in December, allowing advisers to provide simplified financial advice to “lower value clients”. The Guidance Note: Limited Personalised Advice describes how an adviser can give more than just simple class advice without providing a comprehensive financial plan. It’s mostly aimed at advisers within Qualifying Financial Entities (QFEs), but it is also…

What does the “client first” Code rule mean in practice?

The Financial Markets Authority (FMA) has approved the new revised Code of Professional Conduct for Authorised Financial Advisers (AFA). The document is now sitting with the Ministry of Business Innovation and Employment (MBIE) for approval. Despite some revisions to professional development requirements, the most distinct change to the Code is the prioritising of the concept of putting the client first.…