More than half the respondents to our latest poll believe there is a shortage of financial advisers in New Zealand.
With one week to go before the poll closes, the results so far show that 59% agree the country is facing a shortage of advisers. Of the remainder, 25% believe there are enough advisers to go around, and 16% are not sure.
Our poll question follows a report from Strategi which highlighted that more than 500 advisers were still working through their Level 5 qualification when the transitional licence period ended on 16 March.
In addition, Fidelity Life Solutions Manager Sarah-may Butterfield says the industry has contracted by around 2,200 advisers following the start of full licensing.
Is New Zealand facing a shortage of licensed financial advisers?
- Yes (58%)
- No (25%)
- Not sure (17%)
Loading ...See our reports: Time Out for 500 Advisers Sidelined by New Regime and Initiative Launched to Attract Rural Advisers