Good morning everyone. Welcome to our 101st Bring in the Experts Webinar. You have all been muted and your videos turned off but feel free to ask questions down the side bar in the chatroom and in questions and answers. Katrina Shanks will ask the questions on your behalf. Enjoy the webinar!

Yes I have

FAP Licensing Application Guide:https://financialadvice.nz/wp-content/uploads/2022/03/FAP-Licensing-Application-Guide_Class-1-questions.pdf

yes

yes

yes

yes

Yes we have

Yes

In my mind I have...

Yes

Yes

Yes

yes

yes

went in but I have more questions

yes

No

have one through aggregator however still may go through myself

yes

Working on it completing Level 5

working through the background ready for submission soon.

What are the differences between :FINANCIAL ADVICE PROVIDER FULL LICENCE GUIDE VERSION 5 PUBLISHED JUNE 2021andFINANCIAL ADVICE PROVIDER QUESTIONS FROM FAP FULL LICENCE APPLICATION FORM – CLASS 1 LICENCE VERSION 2 PUBLISHED JULY 2021

Going forward, how easily can you change from Class 1 to Class 2 if you change your business? Are you best to apply for Class 2 now even if currently a sole adviser?

I'm currently licensed as a Authorised Body and now looking to move to my own FAP for number of reasons. What is the best process to move from AB to FAP class 2? Don't want to impact on ability to operate and service our clients.

What about Microsoft and cloud services?

training outsourcing - out aggregator and you guys do our training and support - but do we have agreement I don't on training

Will our application be viewed in a poor light if we do not outsource compliance?

Are their any regulations that providers of CRM or financial industry out source providers have to comply with.

Workbook for FAP Directorshttps://financialadvice.nz/wp-content/uploads/2021/09/FANZ_Workbook-for-directors-of-FAPS.pdf

Your PDP Plan Guidehttps://financialadvice.nz/wp-content/uploads/2021/08/Your-professional-development-plan_FINANZ-2021_Fillable.pdf

Does relevant parties include centres of influence like Mortgage Brokers or accountants?

..or lawyers who you discuss issues with

Portfolio administration - KiwiSaver - I use a providers admin services to provide clients with KS performance for their portfolio - so yes?

For AFA's can they have confidence that they won't be required to do other qualifications later down the track?

Where can we go to find out if our current qualifications are acceptable?

Would a bachelor degree in financial planning from Massey qualify for the ducation standards even if you haven't done the level 5 certificates?

Whilst completing NZ Certificate Level 5 Version 2, I have completed the 2 base modules with the investment strain done. Looking to complete the mortgage and Insurances modules in the next 4 month, thus partially completed. Should I apply for the Full FAP licence already, or would it be beter to complete the full modules of Level 5 before applying??

What is an “approved doc process how to handle conflict”. Approved is referring to an outside party or self approval?

They keep on saying " approved" please expand on that.

I've seen several references to a Compliance Assurance Programme. Is this the same as the old Quality Assurance Programme. Is it required to get the Full Licence and if so, are there any templates for the content?

Does this high trust model open up the regulator for rat bags and scourgels fanning competency , with out any need to submit proof of such compliance?

Thanks Leigh!

great

This has been excellent

great thank you

Great thank you :-)

great quick info thank you very mucb

Fantastic - thank you so much

It’s been great thanks to you both

Thanks Leigh, very helpful

awesome thank you!!

Excellent - thank you

Great thanks

Its been great, thank you

Very helpful thank you.

thanks team

Thanks Leigh

Thanks Leigh

This is always good value, thanks for the preparation

Excellent reassurance especially noting documents not needing to be submitted

Thank you

Thanks very much - very relevant and timely

Thank you

Thank you!!

Extremely helpful. Thanks.

Thanks yes, v useful

Thank you Leigh and Katrina

Thank you so much!…

thanks Leigh

Thanks Guys

thanks :)

Thanks

Bye