Finding a financial adviser who can understand you is important but also one that fits as far as personalities go is just as important.

Have you ever worked with someone good at what they do but cannot connect with people? Some personalities clash, and some just click, so find one that clicks with you. These days financial advisers have to register as a financial adviser and are regulated by the Financial Markets Authority (FMA).

The first thing you should do when finding a financial adviser is to check the FSPR (Financial Service Providers Register) website to make sure that your adviser is registered CLICK HERE to search the register.

A registered financial adviser must

  • Take reasonable steps to ensure your clients understand the nature and scope of the advice being provided, including any limitations about that. For example, you must explain if you’re only able to give advice about certain products.
  • Where there’s a conflict of interest, you must give priority to your client’s interests.
  • At all times, exercise care, diligence and skill.
  • Comply with the new Code of Professional Conduct for financial advice services including competence, knowledge and skill requirements as well as requirements for ethical behaviour, conduct and client care.
  • Only recommend financial products to clients that are offered in compliance with the FMC Act and its regulations.
  • Ensure you follow the new disclosure regulations and that any information you make available to clients is not false, misleading or incomplete.

For your protection

A registered financial adviser must also belong to a Disputes Resolution Scheme which is to help you when there is a dispute.  A Disputes Resolution Scheme will give you peace of mind when finding a financial adviser because they are an independent body that will assist you with any disputes that may arise with your adviser.

Finding an adviser you get along with

Financial advisers have a strict code to adhere to, and a disputes resolution provider, so finding someone qualified should be simple enough.

However, you should find someone you get along with and where your personalities don’t clash.  If you do not feel like you connected, then maybe you should consider a different adviser.

“People get fired for all kinds of reasons, and many times, it has nothing to do with one’s competence. Instead, it’s linked to their attitude, work ethic and personality. What’s challenging for some people is staying hired because of their workplace personality.” Source: Forbes Online – How to stop getting fired

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If you’re looking for a financial adviser, please contact our office anytime. finding a financial adviser