Lagging advisers who rush assignments sacrifice quality

Strategi managing director David Greenslade says, while it’s difficult to give exact numbers on how many of its 706 students, who are currently enrolled in the New Zealand Certificate in Financial Services (Level 5) version 2 programme, need the qualification to keep giving regulated financial advice, student feedback suggests it is likely to be at least 400.

Since the start of the year, more than 300 new students have enrolled with Strategi to do the full qualification. Additional students have registered to do extra specialist strands. Next to the Open Polytechnic it is the largest NZCFS training provider in New Zealand

Greenslade says large numbers are rushing assignments and not providing quality work. “This results in resubmissions which adds to the time it takes to complete.”

He says the Financial Markets Authority began asking for regular updates on numbers about one month prior to 16 March as they were keen to get an understanding of how many may not legally be able to provide financial advice by 16 March 2023.