News Round Up
New qualification for advisers, Tauranga firm goes bust.
Monday, July 28th 2008, 6:56AM
The New Zealand Qualification Authority (NZQA) has approved a national qualification for financial advisers.The National Certificate in Financial Services is a Level 4 qualification that has been developed by the financial services sector industry training organisation, ETITO, in conjunction with industry and is the first national qualification for the financial services sector.
"This is great news for financial advisers who have been seeking a nationally-recognised qualification," Commerce Minister Lianne Dalziel says. "This is a significant step in the government's efforts to improve the competence, accountability and disclosure requirements of financial advisers."
The industry training organisation (ETITO) is developing the training and assessment systems to enable financial advisers to undertake the new Level 4 national certificate through accredited providers from 2009.
Tauranga advisory firm goes bust
A Tauranga advisory firm run by Andrew von Dadelszen has been put into liquidation.
Von Dadelszen and Co, which has operated since 1970. It had around 3600 clients on its database and an active book of around 1700 people.
The liquidators, Rodewald Hart Brown say, on the surface, there appears to be a substantial shortfall.
An associated company Ravenscourt Finance, established in 1989, has also gone into liquidation.
The liquidator is hoping one of the larger investment firms might buy von Dadelszen and Co's client base.
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