Facilitating access for clients to high quality information and advice about all financial products is not only a regulatory requirement but also a cornerstone of an effectively operating financial services business.
A key element is ensuring that all advisers and other business representatives know and practice the differences between information and general and personal advice. They must also understand and adhere to disclosure requirements for retail versus wholesale clients.
It’s all part of being a fit and proper financial services professional who delivers the best outcomes for clients, now and into the future.
In this course you will learn to:
- Identify the different types of financial product advice and the methods by which each can be provided
- Describe the difference between factual information and advice
- Differentiate wholesale clients from retail clients
- Explain the differences between personal advice and general advice
- Outline how individuals who provide personal advice to retails clients are registered
- Discuss how a licensee may limit the advice that it provides to a retail client
- Evaluate the new ways licensees are providing advice.
Our learning management system provides you and your organisation all the usual features you’ve come to expect – an intuitive interface, reliable access to content, and insightful reporting.
Each CPD course has specific learning outcomes, reflections and extra resources and activities, and is assessed via a short online multiple choice quiz. You have 8 weeks to complete the course.