Where are people getting advice about direct property and what sort of advice are they receiving?

In a period of 12 months, only 3% of NZ’s 1,800 Authorised Financial Advisers (AFAs) provided direct property advice. AFAs are the only people who are actually authorised to provide fully regulated investment planning services to Kiwis. So: are Kiwis getting advice about property investment? And if so, where are Kiwis getting advice? Perhaps more importantly: what type of advice are they receiving?

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"Who do you get your research from?" (or: The difference between a financial adviser and an investment manager)

If the first question you ask a financial adviser is “where do you get your research from?”, it probably means you’re confusing the roles of financial advisers and investment managers. It’s an easy distinction to overlook - many financial advisers think they’re investment managers, too.

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Counterparty risk - CFDs vs reputable managed investment schemes

I talk briefly about CFDs or “contracts for difference” (moral of the story: steer clear!), and use CFDs to illustrate something called counterparty risk. Generally speaking, the counterparty risk with a CFD is high, and the counterparty risk with a reputable managed investment scheme is low.

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"Sunlight is the best disinfectant". Some thoughts on the Australian financial services Royal Commission

I’m not happy about the misconduct that has been revealed by Australia’s financial services Royal Commission. But I am delighted that it's coming to light, and think this will be a great thing for people seeking high quality financial advice in the future.

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