New Zealand Legislation: Acts

9 Types of financial adviser

• Under this Act there are 3 types of financial adviser:

  • (a) a financial adviser who is authorised and registered (an authorised financial adviser: see section 51); and

  • (b) a financial adviser who is registered but who is not authorised; and

  • (c) a financial adviser who is neither authorised nor registered but who is an employee or agent of a qualifying financial entity (a QFE: see section 63).