Financial Adviser Register: Who Qualifies and What You Get
Use this register to verify the credentials of a professional before seeking financial advice in Australia.
The Financial Adviser Register is a public tool used to check the professional status and credentials of individuals providing financial advice.
Who it's for
This resource is designed for anyone seeking professional advice in Australia. If you are looking to hire an expert to manage your finances or need guidance on your financial future, this tool is for you. It serves as a verification layer for any individual who needs to ensure that the person they are consulting is legally permitted to offer professional financial services.
What you get
By using this register, you gain the ability to perform due diligence on a potential adviser. You get access to verification of an adviser's credentials, which helps you confirm that they meet the necessary professional standards required by the regulatory framework. This provides a layer of certainty regarding the professional standing of the person you are intending to engage for your financial needs.
What it costs you
Accessing and using this register is entirely free. There are no fees or subscription costs involved in searching for an adviser or verifying their professional status through the official portal.
The catch to know
While the register tells you if an adviser is qualified, it does not guarantee they are the right fit for every situation. The most important thing to remember is to always check if the adviser is specifically authorized to provide advice on your specific asset class. An adviser might be qualified in general financial planning but may not have the specific authorization required to advise on the particular types of assets you hold or are interested in.
How to apply
- Access the official search portal provided by the issuing body.
- Use the search function to look up the individual adviser you wish to verify.
- Carefully review the credentials and professional details displayed for that person.
- Cross-reference their authorized areas of advice with your specific financial requirements and asset types.