Trust Management spins off ethical investment arm
Sunday, July 13,2025,18:00
After two decades in the institutional market, Trust Investments is expanding into financial advice channels. .. read more..
Salt's Long Short Funds delivers the manager a big payday
Friday, July 11,2025,01:15
Salt Funds Management’s Sale Long Short Fund performed well enough to earn the management team a performance fee, which is why the fees earned jumped to $2.9 million in the year ended March from $1.1 million the previous year. .. read more..
Jarden Securities ex-wealth lifts annual net profit 26%
Tuesday, July 8,2025,04:42
Jarden Securities' annual net profit excluding the since-sold wealth management business jumped 26% while revealing that investment banking and unrealised capital gains contributed the bulk of the increase. .. read more..
Nikko expands Goals Getter fund range
Thursday, July 3,2025,20:23
In a week of new fund offerings Nikko is the latest to add new funds to its offering. .. read more..
A new PIE with a different flavour
Wednesday, July 2,2025,20:27
Insync Funds Management, a long-established specialist global equities manager based in Sydney, has registered the PIE version of its flagship Insync Global Quality Equity Fund. .. read more..
Going for good growth
Monday, June 30,2025,20:05
Pathfinder is adding a High Growth fund to its KiwiSaver product suite in response to growing consumer demand. .. read more..
Law firm opposes warrantless without-notice FMA inspections
Thursday, June 26,2025,18:00
Proposed new powers for the Financial Markets Authority (FMA), including for without-notice warrantless on-site inspections, should be scrapped because there’s no evidence such powers are needed, according to law firm DLA Piper. .. read more..
How much Shaw paid for a majority stake in ISG
Wednesday, June 25,2025,18:03
Australia-based Shaw and Partners will pay $67.5 million for 75% of Investment Services Group (ISG), which owns the Devon Funds, JMI Wealth, Select Wealth, Clarity Funds and TAHITO brands in the wealth management space, chair Paul Glass confirmed. .. read more..
Clients are expecting advisers to use AI
Tuesday, June 24,2025,20:52
Consumers are expecting financial advisers to be using AI, and many believe it will them give them better financial advice outcomes. .. read more..
Devon’s parent company gets a new owner
Monday, June 23,2025,20:52
Australian-based Shaw and Partners is taking a majority ownership stake in Devon’s parent company Investment Services Group (ISG). .. read more..
QuayStreet to be unplumbed from Craigs
Saturday, June 21,2025,19:51
NZX is planning to unplug its active manager QuayStreet from the Craigs IT platform to encourage more advisers to use the firm’s funds. .. read more..
Investors need to check experience of private equity managers
Wednesday, June 11,2025,18:00
Investors wanting to access private credit investments should be looking at the quality and experience of the management team before deciding to invest, Roy Keenan, co-head of Australian fixed income at Yarra Capital Management said. .. read more..
Generate funds new home loan business
Monday, June 9,2025,18:11
Generate is funding a new online home loan business which features the FMA chairman as a director. .. read more..
Fisher Funds set to be biggest KiwiSaver PE player
Thursday, June 5,2025,18:01
Fisher Funds has is planning to invest $1 billion of KiwiSaver funds into private equity. .. read more..
FMA tells commerce minister CoFI is essential
Wednesday, June 4,2025,18:00
The Financial Markets Authority (FMA) says the Conduct of Financial Institutions (CoFI) regime “is essential” for it and that the licensing process is complete for most providers with supervision and monitoring work now underway. .. read more..
Harbour spins out private credit portfolio as a stand-alone fund
Tuesday, June 3,2025,20:14
Providing investments in private credit to retail investors is still a fledgling opportunity in New Zealand, although Harbour Asset Management started putting toes in the private credit market about seven years ago. .. read more..
Thomas steps down at Amplifi
Monday, May 26,2025,00:17
Mint Asset Management founder Rebecca Thomas has decided to step back from leading the Amplifi group and hand the reins to Kirsten Boldarin. .. read more..
[Weekly Wrap] What to make of the Budget's KiwiSaver changes
Friday, May 23,2025,03:26
.. read more..
Financial services industry give KiwiSaver changes a measured welcome
Thursday, May 22,2025,21:23
The financial services industry is welcoming the increase in KiwiSaver contribution rates while expressing some concern about the halving of government contributions and the impact on employers at a tough time for the economy. .. read more..
Advisers need to work to remove small irritants clients experience: Morningstar
Wednesday, May 21,2025,18:11
Investment advisers should work on removing small irritants to their clients that could have significant detrimental consequences to their businesses, Morningstar’s global head of behavioural insights, Ryan Murphy, told his company’s investment conference in Sydney. .. read more..
Sold sign goes up on Consilium
Sunday, May 18,2025,23:30
FirstCape has agreed to buy Consilium for an undisclosed sum. .. read more..
Another global fixed interest manager comes to town
Saturday, May 17,2025,01:45
New Zealand investors and advisers are about to get access to get another large, global fixed interest manager. .. read more..
NZ financial system holding up, but global risks growing
Thursday, May 8,2025,23:39
Despite global uncertainty—including rising geopolitical tensions and fresh US tariffs—New Zealand’s financial system remains stable, according to the Reserve Bank’s latest Financial Stability Report. .. read more..
Global share trading platform Tiger Brokers goes local
Wednesday, May 7,2025,00:01
Tiger Brokers wants to become a one-stop shop for New Zealand customers with the introduction of NZX-listed equities and ETFs on its platform. .. read more..
Craigs' results point to funds management dominance
Tuesday, May 6,2025,18:57
Craigs Investment Partners’ latest results for calendar 2024 provide some clues about the degree to which it has become more a fund manager than a stock broker, although its merchant banking fees and funds management fees are reported as a single line item. .. read more..
US firm buys established Kiwi advice firm
Thursday, May 1,2025,20:15
NYSE-listed global insurance giant buys New Zealand financial planning firm .. read more..
New managed fund offering targets savers
Thursday, May 1,2025,18:29
A new managed fund spearheaded by an ex-Fisher Funds manager aims to offer savers an alternative to banks promising retail access to wholesale rates. .. read more..
Kernel takes on Sharesies (and others)
Monday, April 28,2025,18:00
Kernel Wealth has transformed from an index fund manager into an investment platform taking in the likes Shareies and Hatch. .. read more..
Generate expands investment options with 6 new funds
Sunday, April 27,2025,20:15
Generate is expanding its offering with the launch of six new retail funds – three KiwiSaver funds and three managed funds –designed to give investors greater choice and more flexibility to build long-term wealth. .. read more..
ANZ refreshes its investment beliefs
Wednesday, April 23,2025,18:00
ANZ Investments, the biggest KiwiSaver provider, has had a rethink of its investment beliefs and made changes to how it manages funds. .. read more..
Another KiwiSaver scheme joins the market
Wednesday, April 16,2025,19:33
Consilium is launching an own brand KiwiSaver to sit alongside its premium KiwiWrap scheme. .. read more..
Elevation Capital joins forces with Blackbull analyst Eden Bradfield
Tuesday, April 15,2025,20:28
Elevation Capital founder Chris Swasbrook is expecting that the huge following Blackbull Markets analyst Eden Bradfield has built up will be instrumental in helping to grow the size of his firm’s funds under management, currently $175 million. .. read more..
Non-banks may offer lower rates under deposit insurance scheme
Monday, April 14,2025,20:22
A soon-to-be-introduced deposit insurance scheme – one of the largest changes to New Zealand’s financial system in some time – will offer greater protection to Kiwi investors, but could see deposit interest rates fall significantly, according to a new report. .. read more..
Data privacy and accuracy top AI fears
Thursday, April 10,2025,20:18
A snapshot of AI use by financial planners globally has found more than half are using it in their businesses despite sharing some of the common concerns with other professions about the rapid technological shift. .. read more..
Let the dust settle on CoFI says former exec
Tuesday, April 8,2025,18:26
A week into the CoFI regime one industry commentator says consumers do stand to benefit from providers having to work hard to ensure they hold on to their licences. .. read more..
Collective action underway to promote advice
Monday, April 7,2025,18:48
The reputation of the advice sector is up for a makeover with a collaboration between the Retirement Commission and Financial Advice New Zealand to help promote the value advisers bring to their clients’ lives. .. read more..
Trust Management gets a new view on bonds
Sunday, April 6,2025,18:02
Ethical fund manager Trust Management has entered into a partnership with one of the world’s largest asset managers to manage bonds. .. read more..
[The Wrap] Bouquets and brickbats in a big week; A challenge for advisers too
Friday, April 4,2025,05:02
In true Wrap style this is a wrap of the past week and it has been a big one. Philip Macalister hands brickbats and bouquets and offers up a challenge to advisers. .. read more..
FMA to review access to financial advice
Thursday, April 3,2025,21:00
The regulator is launching a review to help it better understand why many New Zealanders are reluctant to access financial advice. The review will also delve into industry business models. .. read more..
Crown funding for more solar could power 178,000 homes
Tuesday, August 27,2024,09:02
The deal between the government-owned investment group and a solar developer will connect five solar sites to the national grid. .. read more..
Hundreds at community meeting over central North Island mill closures
Tuesday, August 27,2024,07:57
Locals fear the area will quickly become a ghost town, with one woman saying many families are already planning to leave for Australia. .. read more..
Building cost inflation return to 'normal' levels
Tuesday, August 27,2024,07:31
Some material cost falls and supply chain shortages easing has helped inflation to get back to pre-pandemic levels, QV CostBuilder says. .. read more..
TSB Bank fined nearly $2.5m by Commerce Commission for overcharging customers
Tuesday, August 27,2024,07:31
The High Court imposed the penalty after the Commerce Commission took legal action for historic breaches between 2015 and 2021. .. read more..
Brewery told to remove its Kupe beer from sale
Tuesday, August 27,2024,07:16
Te Aro Brewing's IPA has been found in breach of advertising standards after complaints. .. read more..
Building begins on NZ's largest solar farm next to Christchurch Airport
Tuesday, August 27,2024,06:19
It will have about 300,000 solar panels and is expected to generate enough renewable energy to power close to 36,000 homes. .. read more..
Aviation levies, fees and charges may increase
Tuesday, August 27,2024,05:12
The Civil Aviation Authority is currently seeking submissions on the proposal. .. read more..
'Keep the lights on': Community in central North Island rallies over mills th...
Tuesday, August 27,2024,04:02
The mill, which employs 230 people across two sites in the central North Island, announced it was closing due to high electricity prices. .. read more..
2025 the year house price rises revert to normal, BNZ says
Tuesday, August 27,2024,03:55
Prices will be flat this year but increase 7 percent next year, bank economist says. .. read more..
Recent heavy rain provides much needed boost to hydro lake levels
Tuesday, August 27,2024,03:33
The weekend's rain means storage at Lake Manapōuri is now above average for the first time since mid-June. .. read more..
Bathurst Resources eyes fast track process for new projects
Monday, August 26,2024,22:53
The country's biggest coal miner is seeing another 20 years of development work. .. read more..