Professional Advisers Association (Paa)

The PAA launched in 1953 and over the past 60 years has played a key role in supporting the development of a dynamic finance industry. With over 1200 members and over 2.5 million in assets, the Association provides a range of services and an expert-industry-voice for financial advisers working in the areas of investment, insurance and mortgages. Over the past couple of years, a new association has been proposed, FInancial Advice New Zealand. Keep up-to-date with the progress of the new body at www.financialadvicenewzealand.co.nz. As a founding member of the Financial Adviser Association of New Zealand (FAANZ), the PAA is active in lobbying Government in the interests of consumers and advisers and plays a strong role in media debate relating to the industry. In 2012, the PAA amalgamated with the New Zealand Mortgage Brokers Association (NZMBA), furthering the already comprehensive level of support and expertise provided to members across the three areas of financial services. Also in 2012, the PAA gained accreditation as Delegated Assessment Organisation (DAO) enabling the Association to provide training and assessment of the Level 5 Financial Services qualification for members. Today the PAA provides a comprehensive range of structured education and training programmes across investment, mortgages and insurance, and all relevant regulatory standards/requirements. The Association is governed by a voluntary board of seven, tasked with delivering on four key areas: advocacy and lobbying; professional development; consumer relations; and strategic alliances.