New Course to Help Advisers Bridge the Knowledge Gap


Strategi Institute has launched a training course to help bridge the knowledge gap for advisers transitioning from the current financial advice regime and the new one.

Its Closing the Gaps course is aimed at advisers who hold one of the level 5 qualifications but need to prove they have the competence, knowledge, and skill to operate in the new regime which starts on 15 March 2021.

The half-day course costs from $250 to $350 (plus GST) depending on the method of training – online, Zoom, or on site.

“Financial advisers who don’t hold the NZCFS Level 5 V2 need to be able to demonstrate they have the competence, knowledge and skill to provide regulated financial advice to retail clients when we enter the new advice world,” says Strategi Group executive director David Greenslade. “This goes for nominated representatives too.”

Greenslade says the course covers the key legislation and regulation advisers need to know about, as well as the Code of Professional Conduct and good conduct obligations.

The course is relevant for:

  • Authorised Financial Advisers without a Level 5 qualification
  • Advisers of QFEs (Qualifying Financial Entities) who will become financial advisers, or nominated representatives, in a Financial Advice Provider (FAP)
  • Registered Financial Advisers who do not hold the Level 5 qualification and are not planning to get it (intending to leave the industry within two years)
  • Existing financial advisers who already hold one of the Level 5 qualifications (other than the Core strand of the NZCFS Level 5 V2, enrolled after 1 December 2020)
  • Compliance officers and quality assurance staff of FAPs; and
  • Managers within FAPs directly supervising financial advisers or nominated representatives

Strategi Institute head Altaf Shaikh says participants will receive an electronic copy of the firm’s ‘regulatory bible’, the Strategi Regulatory Handbook Edition 5, and a one-year subscription to its online CPD platform.

Find out more and enrol for here.