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Wealth Coach, Financial Advisor, Financial Planner…whats the difference?
I was reading another forum with a similar question and it made me wonder about these people in NZ.
We have Registered Financial Advisers (RFA), Authorised Financial Adviser (AFA), Money Coach , Wealth Coach etc…
What are the actual differences between them? For example could anyone set themselves up and say they are a money coach/wealth coach ? Or are these specific titles regulated ?
I know we have an Financial Markets Authority (FMA) who I presume oversee the RFA and AFA (? I'm guessing). What separates AFA from RFA ?
Does anyone use these services/people ? Is anyone actually one of them ?
thanks
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