Insurance and home loans - the future of financial planning

In some respects investments advisers are streets ahead of insurance and home loans advisers. Older, wealthier, and with wealthier clients they also tend to have more fee-based businesses, and work from longer-established evidence-based models for advice. But insurance and home loans advice has plenty to celebrate, and that was reflected in the changing membership of Financial Advice New Zealand, highlighted by Chairperson Sue Brown in her recent speech. The younger adviser and more diverse membership Brown was happy to talk about comes mainly from the mortgage and insurance membership. In this advice sector barriers to entry are lower, and commissions enable the cash-strapped younger people, or return-to-work mothers looking for a career to fit around children, to become advisers. That diversity is important because if we want advice to be accessible to everyone. Some of that diversity will flow through into new ways of thinking and new offers and services to clients. That cohort of younger advisers will in turn develop the skills necessary to offer full financial planning and investment advice services. 


Congratulations to winners of awards at the Financial Advice New Zealand conference

The following were winners of awards at the Financial Advice New Zealand conference last week - congratulations to them all: 

  • Service to the Profession - Fred Dodds
  • Outstanding Adviser, Insurance – Peter Leitch, SHARE
  • Outstanding Adviser, Lending – Maria Thackwell, Maria Thackwell Mortgage Company
  • Outstanding Adviser, Financial Planning – Tim Fairbrother, RIVAL Wealth
  • Rising Star Award – Sarah Bloxham, Let’s Talk Mortgages
  • Outstanding Support Person Award – Liz Cannon, Westpac
  • Community Services – Darcy Ungaro, Ungaro & Co Financial Advisory Services. Garth Clarricoats, SHARE. Marie Quinn, Marie Quinn Financial Services.

See you at the financial advice New Zealand conference

I plan to  be there bright and early on Thursday morning and I am looking forward to the programme which includes the following keynotes:

  • Hon Kris Faafoi
  • Hagai Segal – Being Brave in an uncertain world
  • Dominick Stephens – Economic Update
  • Adele Ferguson – An insider’s view of the Hayne Royal Commission
  • Brett Roberts – Change and disruption – the opportunity to be Brave and Bold
  • Matt Church – NEXT: Thriving in the decade of disruption
  • Matina Jewell – Courageous leadership in time of change
  • Hon Paul Goldsmith & Mark Sorenson (at dinner)

I will be at the Quotemonster stand in the exhibition hall during the breaks too - do stop by and say hello.  


Financial Advice New Zealand 2nd annual meeting reminder

Financial Advice New Zealand 2nd annual meeting is next week. Details are as follows:

Date:                Wednesday 21st August 2019

Time:                2.00pm

Venue:             SkyCity Convention Centre, 88 Federal St, Auckland or online if pre-registered

 

Items of Business

  1. Welcome
  2. Apologies
  3. Call for General Business
  4. Minutes of Annual General Meeting 27 September 2018
  5. Presentation of the Annual Report
  6. Presentation of the 2018-19 Financial Statements
  7. Board composition
  8. Board resolutions
  9. Announcement of Board election results and confirmation of the 2019-2020 Independent Director appointments
  10. Appointment of Auditor 2020
  11. General Business

Registration will open 30 minutes before the start of the meeting.

If you are unable to be present on the day, you can register to attend via Live Stream. Members who pre-register and then confirm their presence, will be noted attendees, and can vote during the meeting. Click here to pre-register.

Alternatively, you can attend via proxy. If you wish to appoint a proxy, please complete the Proxy Form and return it to katrinas@financialadvice.nz no later than 48 hours before the meeting. Any member attending in person can carry one proxy vote on behalf of another member.

All members are invited to join the Board for light refreshments following the meeting. To RSVP contact Belinda Armstrong,  belindaa@financialadvice.nz.

Members who wish to suggest an item of General Business for discussion should send details to the Board c/o katrinas@financialadvice.nz by 19th August 2019.

If members have any questions, contacting Katrina Shanks directly on 021 474 010 or katrinas@financialadvice.nz iis recommended.

 


Financial Advice annual general meeting

Financial Advice New Zealand’s 2nd Annual General Meeting has been confirmed.

 Date:                Wednesday 21st August 2019

Time:                2.00pm

Venue:             SkyCity Convention Centre, 88 Federal St, Auckland

Items of Business

  1. Presentation of the Annual Report
  2. Presentation of the 2018-19 Financial Statements
  3. Board composition
  4. Board resolutions (attached)
  5. Announcement of Board election results and confirmation of the 2019-2020 Independent Director appointments
  6. Appointment of Auditor 2020
  7. General Business

Administration

- Registration will open 30 minutes before the start time

- Any member who wants to suggest an item of General Business for discussion should send details to the Board c/o katrinas@financialadvice.nz by 19th August 2019.

- Members are invited to join the Board for light refreshments following the meeting. RSVP for administration and catering purposes, please contact Belinda Armstrong on belindaa@financialadvice.nz.

- If members have questions regarding the Annual General Meeting please contact Katrina Shanks directly on 021 474 010 or katrinas@financialadvice.nz

- Members may attend the meeting in person, by proxy or by live stream.  Information about how to access the live stream will be provided closer to the day.


Financial Advice New Zealand want advisers to engage more in CPD

Financial Advice New Zealand is urging its members to refrain from waiting until licensing to begin building their CPD log. Signing up to relevant webcasts now will allow advisers to grow their professional development hours and illustrate that they are remaining up to date. Members are now able to also access the CPD library to watch past webcasts and listen to past podcasts.


Financial Advice New Zealand has launched its Conference 2019

The conference is set to take place 22-23 August at SkyCity. To ensure a successful event is carried out, Financial Advice NZ is using the theme “Be Brave, Be Bold” and have outlined several events to ensure advisers gain further insight which include:

  • Having three international keynote speakers – who are knowledgeable on geopolitical issues, strategic risk, the Middle East and counter-terrorism; founding companies and leading development programmes; and who have served on five missions and earned eight war medals
  • Specialised advice workshops and panels – on Insurance Advice, Financial Planning Advice, Investment Advice and Lending Advice
  • Business sessions with industry leaders – that cover conduct and client care, governance,

conversations with vulnerable clients, estate planning, compliance, FinTech

  • Icehouse programmes – which helps Kiwi businesses grow by providing best practice content
  • Bootcamps – to helps new advisers to better equip themselves, by providing information on building business muscle, critical challenges and success factors, productivity, sales and marketing goal setting
  • Awards dinner

Click here to read more.