Financial advisers can help you make financial decisions that you might not have the expertise or time to fully consider like: KiwiSaver, mortgages, insurance, shares, or cash investments.
Some advisers might be able to give advice on a wide range of financial products, while others may advise on certain products only – such as mortgages or insurance.
Some staff at banks and insurers may also give financial advice. Financial advice can be provided digitally through web, apps and chatbots as well.
Financial advisers are typically paid by fees from clients, or by commission paid by product providers, or by a combination of fees and commission. They must operate under a business that is licensed by the (Financial Markets Authority (FMA)), be registered (Financial Services Provider Register (FSPR)) and follow a code of conduct (Financial Advice Code).
Financial Advice Code(external link)