FAP · Adviser firm
Financial Advice Provider (FAP)
A New Zealand entity licensed by the FMA to give regulated financial advice to retail clients under the Financial Markets Conduct Act 2013.
A Financial Advice Provider (FAP) is a NZ entity that holds an FMA-issued licence to give regulated financial advice to retail clients. The FAP regime came into force on 15 March 2021, replacing the previous Authorised Financial Adviser (AFA) and Registered Financial Adviser (RFA) framework.
An FAP is the entity layer; individual advisers operate either directly under an FAP licence (full FAP, often a sole-trader practice) or as engaged advisers under an FAP's licence (Authorised Bodies). Every retail-facing financial-advice provider in NZ must hold or operate under an FAP licence.
ManagedFundsNZ is *not* a FAP. The site is mechanical comparison and reference data only. Forward-looking fund-research opinions, "best fund" claims, or personalised recommendations require a FAP licence, which we do not hold.