Financial advisory businesses might see stronger long-term growth and less fraught client discussions by focusing on more youthful demographics based on findings of a new Dimensional Fund Advisors (DFA) study. The DFA analysis of almost 40,000 responses to its global investor surveys over 2017-19 and 2021-23 shows younger clients (40 and under) tend to be… [Read More…]
The long cycle: why EM investors wait their turn
Emerging markets (EM) have spent more than a decade in the shade of developed equities counterparts despite a few false dawns along the way. EM advocates, however, remain ever convinced that the asset class will have its time in the sun… soon. Henry Mallari-D’Auria, Ariel Investments CIO global and emerging markets, is among the faithful… [Read More…]
Do you offer KiwiSaver advice? OMNIMax’s KiwiSaver solution makes it easy to offer KiwiSaver advice
Adding KiwiSaver advice to your offering can seem like a daunting task when your days are already full of offering insurance, mortgage and investment advice. But OMNIMax’s KiwiSaver solution streamlines your advice workflow, enabling you to generate a Statement of Advice in only 10 minutes. Why you should offer KiwiSaver advice Perhaps the biggest… [Read More…]
KiwiSaver in the house: Fisher takes box-seat, ANZ demoted to bank-benches
Fisher Funds has emerged as the most popular KiwiSaver provider among the political classes, according to the latest parliamentary disclosures, by dint of its 2022 purchase of the formerly government-owned Kiwi Wealth. According to the just-published ‘Register of pecuniary and other specified interests’ of MPs, Fisher counts 17 Members among its members including six sourced… [Read More…]
COFI set for double-shot of compliance as reforms tabled
Tight parliamentary schedules would likely see firms caught by the Conduct of Financial Institution (COFI) rules cop a double-whammy of regulatory adjustments, according to the Ministry of Business, Innovation and Employment (MBIE). In a consultation handed down last week, MBIE says the mooted the COFI reforms, put in place at the behest of the new… [Read More…]
A new Weenink for Generate; Russell names APAC chief
The recently resigned Financial Markets Authority (FMA) board member, Mark Weeknink, has joined Generate as a non-executive director. Weenink, Todd Corporation general counsel, left the FMA governance role two years into a five-year term early in May. His departure coincided with the appointment of Craig Stobo as new chair of the regulator to replace the… [Read More…]
Demographic data dig confirms steady KiwiSaver sex-bias, 65-plus trend
The KiwiSaver gender-linked savings gap has stabilised year-on-year, according to a new Melville Jessup Weaver (MJW) analysis, while more retirees than ever are remaining as scheme members. In its third annual interrogation of granulated scheme data prepared for Te Ara Ahunga Ora Retirement Commission, MJW found male scheme members have on average a quarter more… [Read More…]
Pathfinder joins the 1 percenters with new charity model
Pathfinder has reset its charitable giving policy with donations switching from the previous 20 per cent of KiwiSaver fees to 1 per cent of annual revenue of the entire fund suite. “From 1 April this year, we have been dedicating 1% of revenue from across our whole business (this covers all our retail managed funds… [Read More…]
Local fintechs to trim sails in funding lull ahead of open-banking breeze
NZ ‘fintech’ firms will face belt-tightening pressure amid an investment drought that saw a massive funding slump in 2023, the latest annual review of the sector suggests. The 2024 report released last week by research group, Technology Investment Network (TIN), shows the local market attracted just $20.5 million of new investor money last year in… [Read More…]
New equity allocations on the radar of optimistic asset allocators
The post-Covid years have been marked by significant uncertainty for markets generated by central banks’ attempts to unwind extraordinary monetary policy – and the inflation it was partly responsible for creating – with a minimum of damage. But with 2024 starting on a high note and a potential transition from a sustained regime of interest… [Read More…]