Lawyers and financial advice (free CPD for NZ lawyers)
How and why lawyers and financial advisers complement each other, and how they can work together more effectively.
Can lawyers provide financial advice? Yes.
This course explains when lawyers can - and should - provide financial advice.
It also explains how lawyers and financial advisers complement each other, and can work together even more effectively. Because lawyers and financial advisers have more in common than many people think.
At the heart of their roles, most lawyers and financial advisers have the same ultimate goals. They work hard to help their clients achieve their goals and manage the risks to which they're exposed.
This course is designed for Kiwi lawyers who work with individuals and trusts to get a better understanding of what financial advisers actually do, and how the services of lawyers and financial advisers complement each other.
The outcome for this course is that participants will be in a better position to have conversations with financial advisers, determine when financial advisers might be able to provide value to their clients, and also when to encourage financial advisers to refer their clients to see a lawyer.
It will also provide participants with the confidence to provide good financial counsel when it is appropriate for them to do so.
This course constitutes CPD for Kiwi lawyers
This course has been designed to constitute "CPD activity" under the Lawyers and Conveyancers Act (Lawyers: Ongoing Legal Education – Continuing Professional Development) Rules 2013 (the Rules). As long as this course relates to the learning requirements identified by you under your personal CPD plan and record, it meets all of the necessary criteria to be a CPD activity. Namely, it is:
- verifiable
- provides for interaction/feedback (the final quiz. You are also welcome to ask any questions by emailing me at [email protected] or calling me on 021 0269 2213).
- be planned and structured with a stated purpose and outcomes
- be related to learning requirements identified by you (the lawyer)
- not part of your day to day work.
Your Instructor
Sonnie Bailey is an independent financial planner. He operates his own business, Fairhaven Wealth. Before becoming a financial planner, he practiced law in Australia and New Zealand. He has been involved in the financial services industry for over 15 years. Sonnie also operates the popular blog NZ Wealth & Risk. Sonnie is not an Olympic race walker, lion tamer, or orthodontist. Nor was he in a band that opened for Robbie Williams in the late 2000s.
Course Curriculum
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StartCan a lawyer provide financial advice?
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StartLawyers providing financial advice: Discussing life insurance while working on a client's estate plan
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StartLawyers providing financial advice: Providing limited scope investment advice
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StartSome things to keep in mind when providing limited financial advice to clients