More than two years since inception, the new investment platform offered by joint-venture partners Harbour Asset Management, Trustees Executors (TE) and Research IP is set to go live this week.
Following a lengthy in-house testing period, the Flint Wealth platform will launch a public ‘beta’ version on Wednesday (January 19) with nine NZ fund managers in the starting line-up.
The new service targets “current and emerging investors who want information and insights to help them feel confident about building their own investment portfolios”, according to a Flint note.
While still in beta-mode for now, Flint “has a pipeline of new features and products which will be explored with users over the next 12 months”, the note says.
“The platform is a smart investment assistant offering financial insights, research, and data so that users can make their own informed investment decisions,” Flint says.
Similar to InvestNow and Sharesies, the new platform has a low minimum investment amount of $250 with no subscription fees.
At launch, Flint has signed up: Castle Point Funds Management; Clarity Funds Management; Conrad Funds; Devon Funds; Fisher Funds Management; Harbour Asset Management; Mint Asset Management; Nikko Asset Management; and Pathfinder.
The group – equally owned by Harbour, TE and Research IP – lists six staff members including Stuart Auld as head of distribution and chief operating officer, David Studders.
In October last year, TE chief, Ryan Bessemer, said Flint was also on the hunt for a new CEO to replace Auld, who previously filled the role in an interim capacity.
Darren Howlin, Research IP founder, said in 2020 that Flint would tap into the firm’s research capabilities as well as artificial intelligence technology it developed for the Taiwan government-owned fund hub.
TE provides custody and other back-office administration services to the platform.