Who will need a licence to provide financial advice?

Who will need a licence to provide financial advice? The changes to how we regulate financial advice in New Zealand mean only those operating under licensed financial advice providers can give advice to retail clients.

This advice can be provided in various ways, including directly through online facilities such as digital advice, or through financial advisers or nominated representatives.

If you’re currently an authorised or registered financial adviser, you can choose whether you would like your business to become a licensed financial advice provider or if you would rather work on behalf of someone else who holds a licence.

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