Financial Adviser Kaiwhakatakoto Kaupapa Pūtea

Financial advisers give advice about financial planning, investing, insurance and other financial services.

Financial advisers may do some or all of the following:

  • identify clients' short, medium and long-term financial goals
  • prepare suitable financial or investment plans
  • encourage clients to keep to their plans
  • review clients' taxation, retirement planning and sources of income
  • review clients' estate planning and insurance needs
  • report on clients' investments every three to six months.

NZX Adviser

To become an adviser in a company that participates in the New Zealand Stock Exchange (NZX), you need to:

  • be employed by an NZX participant firm
  • sit an in-house online test
  • pass Kaplan Professional papers 508N and either 405N or FIN329, which are part of the NZX Diploma, or have other relevant qualifications
  • have two years of relevant financial markets experience over the last five years
  • have no convictions for fraud or dishonest activities, and never have been bankrupt or responsible for the liquidation of a company.

You can complete the Kaplan Professional papers while training on the job as an assistant adviser.

Useful Experience

Useful experience for financial advisers includes:

  • banking or customer service
  • accounting or auditing
  • management.

Personal Qualities

Financial advisers need to be:

  • honest and trustworthy
  • able to keep information confidential
  • able to use good judgement
  • good at communicating and listening
  • skilled at planning
  • good at sales
  • strong problem solvers.

Useful Experience

Useful experience for financial advisers includes:

  • banking or customer service
  • accounting or auditing
  • management.

Subject Recommendations

NCEA Level 3 is required to enter tertiary training. Useful subjects include English, business studies, maths with statistics, economics or accounting.

Financial Advisers can earn around $70K-$120K per year per year.

Financial advisers may progress to set up their own financial planning businesses, or move into management roles.

Financial advisers may specialise in:

  • insurance
  • investments
  • risk management
  • sharebroking
  • underwriting
  • mortgages.

They may also specialise as an:

NZX Adviser
NZX advisers provide advice to clients on transactions relating to New Zealand Stock Exchange products.
Financial Adviser