Somerset Smith Partners have been providing portfolio wealth management and financial advisory services to investors since 1934.
One of the key components to our success and longevity has been the strong adherence to the principle of ensuring all our financial advisers are qualified and experienced.
All our advisers are both Financial Advisers and NZX Advisers and accordingly, are bound by the Financial Markets Conduct Act 2013, the Code of Professional Conduct for Financial Advisers and NZX Participant Rules, which contain standards in relation to character, qualifications, experience, business practise, duty of care, conflicts of interest, and disciplinary procedures.
In order to achieve these high standards, advisers are carefully vetted, and set rigorous requirements before being accredited with NZX Adviser status. The requirements placed on NZX Firms are equally stringent. As a result, investors can have confidence that the standards required of NZX Firms and advisers are the highest in the financial industry.
This in turn, ensures that the advice Somerset Smith Partners provides is of the highest quality and standard.
Anyone providing advice through a NZX Firm, who does not meet the standards and requirements as determined by the NZX is in breach of the rules. We strongly recommend that you deal only with Financial Advisers that are affiliated with the NZX. The rules are there for investors’ protection. Similarly, we strongly recommend that investors carefully assess the qualification, background and experience of Financial Advisers who are not NZX affiliated.