Some advisers in for a shock: Trainer
David Greenslade, of Strategi, said last month was the best his firm had had, as a number of financial advice businesses moved to get their staff started on a level five certificate.
“The surge has been massive. But it’s ironic it’s not the one-man bands, it’s the entrepreneurial networks who’ve identified what is required and are encouraging their advisers to move forward.”
Some who were planning to become financial adviser firms, employing agents, under the new structure were considering the level five certificate as a way to ensure those under their license had appropriate knowledge, competency and skill.
The recommendations from the Ministry of Business, Innovation and Employment, which will form the basis for the new-look Financial Advisers Act do not set a minimum qualification standard. That will be dictated by the code of conduct which will now apply to all advisers.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)