Institute of Financial Advisers (IFA)

Overview:

Profession(s): Financial Planning, Financial Advice, Insurance Advice, Investment Advice
Member Type(s): Financial Planner, Financial Adviser, Insurance Adviser, Investment Adviser
Scope: National - New Zealand
Formed: 1999
Members: 1,465
Address: PO Box 5513, Wellington, 6145, New Zealand
Phone: +64 4499 8062
Fax: +64 4499 8064
Email: info@ifa.org.nz
Website: www.ifa.org.nz

Description:

Professional body for needs based financial advisers. Members agree to be bound to act in clients' interests, and are encouraged to follow the internationally recognised six-step professional advice process.

Mission/Aims:

To be the professional body of choice of all financial advisers. To foster professionalism among financial advisers and to serve the needs and interests of members and the public.

Principal Activities:

Setting professional standards
Assisting members achieve professional standards
Disciplining members who fail to reach required professional standards
Developing initial and ongoing professional education pathways for members
Communicating and co-operating with members, the Government, and other stakeholders

Member Benefits:

Recognition of commitment to act in clients' interests
Representation at Governement and other key levels
Access to valued certification marks and designations

Training/Licensing/Certification:

2-year mentoring programme for new members

AFP (Associate Financial Planner) and ALU (Associate Life Underwrter) - our intermendiate designations

CFP (Certified Financial Planner) and CLU (Chartered Life Underwriter) marks - our senior designations

Affiliations:

Associations to which we are a member:
International Financial Planing Standards Board (FPSB)

Verification Criteria:

Annual Practising Certificate and or listing on Institute website under "Find an Adviser".