Financial Adviser nominee (Company or Individual)
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Company Name, if the nominee is an individual:
Website
Main contact for this award
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Position in organisation
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Email address
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Phone number
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Position of Ethical Investment Advice within your firm’s marketed proposition to clients.
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- Describe how ethical investment advice sits within the firm’s overall proposition e.g. fully integrated, on-demand, or specialist resource.
- Describe how you promote capability to provide ethical investment advice
- Describe the disclosure and information provided to clients on your approach to ethical considerations.
Processes for creating and managing the range of recommended funds, model portfolios or other investment strategies to create options that will be most likely to meet client needs:
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- Describe your firm’s investment philosophy, policy or frameworks (or similar) and how these support the delivery of ethical investing advice e.g. focused ethical investing approach or range of approaches.
- Describe the process for selecting investment options, funds or model portfolios to align with this philosophy.
- Describe any processes to provide transparency about ethical alignment / impacts across portfolio holdings and to identify any material changes in compositions or risks to target ethical outcomes?
- Describe processes for ongoing review and assurance about how selected options are performing (both ethical outcomes v expectations and returns).
- Do you undertake any research and development to enhance the ethical investment proposition for clients e.g. thought leadership, analysis and insights, provision of new or innovative options?
Describe how you integrate ethical considerations into each stage of client advice processes:
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- Outline how advisers support clients to define their long term goals and ethical values
- Outline the processes that link suitable ethical investment options to meet individual client’s values and ethical objectives alongside financial goals.
- Describe how recommendations for ethical investment options are reflected in the advice and explained to the client.
- How do you manage risks around greenwashing or a mismatch in client expectations / understanding of how the solutions operate or any limitations ?
- Once the investment is in place, how do you provide ongoing information to clients about financial performance, ethical outcomes or material changes that could affect alignment with values or pick up alterations in the client’s view of ethics?
- Provide example(s) of how advice has made a major difference to clients’ investment outcomes, particularly in alignment with ethical values and long term financial goals.
Manage potential conflicts of interest
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Outline how you manage and and minimise any potential conflicts of interest:
- Describe how the firm is paid for the advice (e.g. adviser charge agreed with client or trail commission).
- If your firm receives a commission, how do you manage potential conflict of interest?
- If your firm receives a trail commission, what ongoing services do you provide to clients to provide value for this commission?
- If the firm promotes or underwrites new market offers and makes these available to clients, how do you manage potential conflicts of interest?
Continuous development of Ethical Advice Practices
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Outline the firm’s approach to continuous professional development and innovation in ethical advice practices:
- Outline how you support and encourage advisers to have the knowledge and skills to deliver ethical investing advice competently and confidently; including both subject matter expertise and the soft skills needed for high quality discussions with clients about ethical values.
- Outline how you gain insights into the evolving needs and expectations of clients for ethical investing advice.
- Do you get feedback from clients on your service and their satisfaction? If so, please provide a recent example of a report.
- Explain how you keep up to date with developments in ethical investment.
- Outline how you are able to continue developing your ethical/responsible credentials, such as through online courses or RIAA’s Certified Financial Advisor qualification.
Supporting documentation
Please include URL links to any supporting documentation for your entry, such as links to articles and other content referenced in the entry. We strongly encourage you to use URLs for your supporting documentation, however if you need to email any to us please send them to awards@mindfulmoney.nz.
The above declaration is true.
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I have read the Terms & Conditions of Entry and agree to comply with them.
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