Nine business partners signed up for Financial Advice NZ

The programme as promoted so far involves business partners paying $3000 each to help the association deliver projects that promote the value of advice, inform legislators and regulators, encourage new talent into the industry and lift standards.

A primary goal for the scheme is to deliver research on the value of advice that can be presented to legislators and regulators, as well as the general public.

Chief executive Katrina Shanks said there had been nine partners confirmed so far and more were interested.

The money from the scheme was different to funding received from membership subscriptions because it could come from across the sector, not just members.