A new service that can open the door for advisers to have client conversations about Kiwisaver certainly caught the attention of RiskinfoNZ readers this week…
Financial advisers are being offered a way to talk with their clients about KiwiSaver – without holding a New Zealand Certificate in Financial Services Level 5 investment qualification.
The service is being offered by Kōura Wealth and its Managing Director – Rupert Carlyon – says too many people see Kiwisaver as a set and forget investment.
“It’s an issue that’s not on the radar because most have never had a real KiwiSaver conversation,” he says. “There is an obvious need for experts such as financial advisers to get those conversations underway.”
Carlyon says advisers using his firm’s Kōura Wealth Facilitator Model can help their clients make decisions about their KiwiSaver investments.
“Our Kōura Digital Advice tool and process gives insurance advisers the ability to discuss KiwiSaver without needing to be a Level 5 investment adviser,” he says.
“Using our process, clients complete a KiwiSaver risk and goals assessment and are presented with a recommendation on the portfolio of Kōura Wealth funds that are best suited for their needs.
“It provides advice on what their Kōura KiwiSaver will give them, and a comparison with their current KiwiSaver fund.
“Importantly for the adviser, all advice is delivered by the Kōura Digital Advice tool and all responsibility and compliance associated with the advice is borne by Kōura Wealth – so long as our process has been followed in line with the training we provide.”