Financial Advisers Act 2008

9 What is financial adviser service

(1)

A person (A) provides a financial adviser service if, in the ordinary course of a business, A provides any of the services listed in subsection (3) to a client.

(2)

A person (A) also provides a financial adviser service if, in the course of business of a financial service provider registered under the FSP Act, A provides any of the services in subsection (3) to a client.

(3)

The services are—

(a)

giving financial advice (see section 10):

(b)

providing an investment planning service (see section 11):

(c)

providing a discretionary investment management service (see section 12).

(4)

A person does not provide a financial adviser service for the purposes of this Act if exempted under section 13, 14, or 148 or in the regulations.

Section 9: substituted, on 1 July 2010, by section 10 of the Financial Advisers Amendment Act 2010 (2010 No 40).