Canterbury advisers achieve AFA status
The ranks of Authorised Financial Advisers (AFAs) have been swelled by the addition of 76 advisers from the Canterbury region.
Tuesday, October 4th 2011, 5:00AM
by Benn Bathgate
The advisers were granted an extended regulatory deadline of October 1 due to the earthquakes and subsequent disruption.
Southern Wealth Management's Chris Jones was one of the advisers to take up the FMA offer of a deadline extension.
"It was certainly appreciated, it took the pressure off and I thought it was a reasonable period to be given," he said.
"It just gave us valuable breathing space."
Jones said he was in his CBD office working on the files for Code Set C when the February earthquake struck.
"Ironically, the work I was doing to qualify for AFA was some of the only work that needed paper copies," he said.
Craigs Investment Partners' Jeremy Crang also took up the offer of a deadline extension.
"It was beneficial to me yes, it would have been much more pressure to get through without it because we had quite a lot of down time after the earthquake," he said.
The FMA head of primary regulatory operations, Sue Brown, said the commitment shown by advisers in the region had been impressive.
"We spoke to advisers shortly after the February earthquake who had suffered considerable personal loss, but what they were still anxious about was being able to help their clients," Brown said.
Benn Bathgate is a business reporter for ASSET and Good Returns, email story ideas to benn@goodreturns.co.nz
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