Past Event

Webinar: 2024 Financial Advice Provider Monitoring Insights Report

Past Event
1 CIP Points

Thursday, 4 July 2024

2:00pm - 3:00pm NZST
(12:00pm - 1:00pm AEST)



Join us to discuss key insights from the FMA’s monitoring report on Class 1 & 2 Financial Advice Providers.

This session is an opportunity to connect with the regulator, discuss their monitoring insights, and ask questions.

Key Takeaways

  • The FMA is encouraged by the transition made by Financial Advice Providers to adopt the new requirements into their licensed businesses 
  • We’ll cover examples of good practices and gaps that (if remain unchecked) could lead to an increased risk of harm to clients
  • Our expectations are Financial Advice Providers, and their Advisers review the report and consider how the FMA’s observations apply to their businesses


Romil Ghelani, Head of Financial Advice, FMA 

Romil is originally from Ottawa, Ontario, Canada and is a Chartered Professional Accountant. He has over a decade of experience across compliance, regulation, risk management and financial services both in Canada and New Zealand. Romil has been with the FMA for six years, focusing on overseeing the implementation of FSLAA and ongoing monitoring of Financial Advice regulations in New Zealand. He also spent three years at the Canadian Housing Regulator, leading reviews of the insured mortgage industry. 

Lucy Relf, Senior Adviser, Financial Advice, FMA

 Lucy is part of the FMA team that conducts ongoing monitoring of Financial Advice in New Zealand. She started her career in Australia with Marsh, where she held various roles as a general insurance adviser, including managing and training teams, and releasing industry publications. Prior to joining the FMA, Lucy was with Strategi Institute as a facilitator and content developer for the NZCFS Level 5 qualification. She also spent time at Wealthpoint where she assisted in setting up the general insurance division (domestic and commercial) and supported advisers with product training, advice process, best practice and systems related queries. 


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