Research on the value of financial advice
Kiwis who seek out and receive professional financial advice exhibit good financial behaviours more often than unadvised Kiwis. According to a 2021 report by Financial Advice New Zealand, Better Behaviours – research on the value of financial advice, regardless of income level, advised Kiwis are more prepared for retirement, feel better about their financial position and are more comfortable making big financial decisions.
Building on the research report from 2020, Trust in Advice, which clearly showed that financial advice and advisers are trusted and highly valued, the Better Behaviours report measures the extent of positive financial behaviours demonstrated by advised Kiwis compared to those who are unadvised.