Investment News

Nascent diversified financial services firm, Amplifi Group, has made its first acquisition with the purchase of Nelson-based advisory business, Tōtara Wealth Management. Launched last year with the backing of Mint Asset Management and private equity firm, Ascentro Capital Partners, Amplifi plans to assemble a broad array of advice and investment businesses under its umbrella brand…. [Read More…]

National adviser services firm, Consilium, has added another string to its bow, taking on issuer duties for a portfolio investment entity (PIE) global bond fund. Branded under the Evidential Investment Funds label, the new Consilium global bond product feeds into a strategy managed by US-based investment giant, Dimensional Fund Advisors (DFA). Damon O’Brien, Consilium head… [Read More…]

MMC-developed investment administration and wealth management technology might be exported offshore following its recently confirmed takeover by the Bermuda-based Apex group. Peter Hughes, Apex chief, said MMC “has a sophisticated technology offering which can enhance some of our client experiences in other locations like Australia”. Hughes said MMC offered attractive growth opportunities in both the… [Read More…]

The AMP wealth management business is set to launch a new range of BlackRock-backed funds to the retail market following another tough quarter for its traditional KiwiSaver and superannuation products. According to scheme documents, the new AMP product suite comprises three diversified funds spanning the usual conservative, balanced and growth spectrum to be sold direct… [Read More…]

Privacy entrepreneurs Mark and Caroline Carver have joined fast-growing specialist consulting business, Mosaic Financial Services Infrastructure. The Carvers will provide privacy consulting and training services to Mosaic clients as demand for personal data security rises in the increasingly digitised financial sector. According to a Mosaic release, recent legal initiatives both in NZ and globally along… [Read More…]

ANZ NZ has reported a 4 per cent off drop in funds under management (FUM) during the six months to the end of March this year on the back of forced default KiwiSaver outflows, market volatility and the Bonus Bonds wind-up process. In spite of the slight hit to FUM, the ANZ NZ investment business… [Read More…]

A fund management lobby group has called for regulators to simplify proposed climate-reporting standards for the sector to avoid investor confusion, irrelevant disclosures and higher costs. In its submission on the latest External Reporting Board (XRB) mooted climate-reporting regulations, the Boutique Investment Group (BIG) says NZ retail fund managers “are in a different position” compared… [Read More…]

Fund managers are back on the road. But it’s a bumpy one. Limited to webinars and Zoomathons during the COVID lockdown years, fund managers are now fronting up to live audiences just as markets hit the skids. Good timing. However, as Castle Point portfolio manager, Stephen Bennie, told the in-person Heathcote Investment Partners adviser roadshow… [Read More…]

Multi-manager and investment consulting firm, Mercer NZ, is looking to broaden female engagement with financial issues via a new specialist website. The ‘Seat at the Table’ site, which also offers access to the group’s investment vehicles and advice network, provides financial education content aimed at reducing the well-documented gender savings gap. According to Mercer, research… [Read More…]

AMP has completed a messy exit from the fund management game with the sale of the two final outstanding private markets units, scuppering earlier plans to float the rump investment business. In a twin-set of deals inked last week, AMP will net about A$900 million in cash upfront after offloading its domestic and global infrastructure… [Read More…]