Locum Financial Advice Arrangements Guide

A Guide for Financial Advice Providers (FAPs)

What would happen if you were suddenly unable to work? Who would care for your clients? Would your business survive? Locum adviser arrangements are an essential part of a business continuity plan for any financial advice provider reliant on a key person for financial advice delivery.

In a webinar on 11 March 2022, our panel of experts discussed how to establish and maintain locum adviser arrangements, and introduce the FSC’s new guide, Locum Financial Advice Arrangements. Watch the session below:

Click here for the Locum Financial Advice Arrangements Guide

Our panel of experts looked at:

• adviser stories and real-world experiences
• why it is important to have a locum adviser arrangement?
• who needs one?
• risks and challenges
• the importance of an agreement
• how the guide can help

Mark Banicevich
Head of Industry Engagement, Partners Life
As Head of Industry Engagement Manager at Partners Life, Mark’s role includes developing strategies to help financial advisers transition to the financial advice regime (such as the Partners Life Adviser Support Programme). Previously, Mark worked in intelligence at the Financial Markets Authority, where he drove the project reviewing replacement business in life insurance, which won an innovation award from the NZ Institute of Intelligence Professionals. Mark is active in the Financial Services Council, and suggests crazy ideas that sometimes become living, breathing industry projects.

Karty Mayne 
Rosewill Consulting Limited 
Licensing / Compliance / AML Audits / Training
Karty Mayne is the founder of compliance consultancy firm Rosewill Consulting Limited. Karty has a sound background in business management, financial services, risk and compliance roles, and company governance. Prior to setting up Rosewill, Karty was a senior manager at the Financial Markets Authority. This role included monitoring, assessing licence applications, authoring market guidance notes, training FMA staff. Karty now uses her knowledge and skills to put regulatory requirements into plain English and make compliance part of good business practice.

David Ireland
Partner, Dentons Kensington Swan
David is a partner in Dentons Kensington Swan’s Financial Markets Team, and has been advising superannuation scheme trustees and administrators for over 30 years. A former chair of Workplace Savings NZ and the Financial Advisers Code Committee, David now leads the FSC Workplace Savings Committee Training Focus Group.

Mary Potter
Northern Business Development Manager, ANZ Investments
Mary has over 25 years’ experience as a Business Development Manager. She joined Armstrong Jones in 1999 which, after several company acquisitions, became part of ANZ Bank.
Prior to this Mary held various accounting positions and was also fortunate enough to gain some valuable insights as a financial adviser. Mary is a member of the Special Interest Group – Financial Markets and Investments, Chartered Accountants Australia and New Zealand (CAANZ). Her motivation to join this group was to give accountants a better understanding of the financial services industry and encourage them to be more engaged with financial advisers and understand the value they can add to their clients.