Milford has opened up a new advisory branch in Havelock North, hiring Michelle Roberts from ANZ private bank to front the wealth management service in the region.
Roberts finished an almost 10 year stint as a financial adviser for the ANZ private banking arm in Hawke’s Bay in November.
Previously, she spent two years on the Forsyth Barr advisory team in Hastings following a 14-year career in client relationship roles for the iconic institutional investment wrap platform, Ausmaq, in NZ and Australia.
The Milford financial advice provider licence houses 36 individuals with the private wealth arm of the $20 billion funds manager serving clients in Auckland, Cambridge, Tauranga, Wellington, Christchurch and Wanaka.
Milford joins a host of other wealth management brands with swank offices in the cosy Havelock North enclave including Craigs Investment Partners, Forsyth Barr, Jarden and Pie Funds.
The firm is also recruiting for a wealth management associate to support Roberts.
In-house financial advice has been a useful add-on service for Milford, which has also been courting the independent advisory market.
The similarly sized Fisher Funds has an extensive internal advisory force of almost 40.
Australia-based investment consulting firm, Frontier Advisors, has named Alexandra Veroude as a new addition to its capital markets and asset allocation team – currently featuring two senior consultants, Shahana Mukherjee and Alice Berriman.
Veroude, who takes up the role in January next year, joins Frontier from the Amsterdam-headquartered commodities trading business, STX, where she specialised in energy transition.
Prior to STX Veroude held senior economic and market roles with the Reserve Bank of Australia, Bank of America Merrill Lynch, Bloomberg and JP Morgan.
Chris Trevillyan, Frontier investment strategy director, said in a release: “Capital Markets research and asset allocation advice has long been a hallmark of Frontier. Asset allocation is the key contributor to long-term investment performance and because of that it’s exciting to be able to bring additional perspectives and experience into our team.”
Frontier won its first NZ client in 2021 after securing the asset consulting mandate for the $1 billion plus TECT (formerly the Tauranga Energy Consumer Trust). The investment advisory business, which emerged out of the Australian industry superannuation sector, was also understood to be a front-runner to take the Southland Community Trust (now Trust South) consulting role last year before ultimately losing out to compatriot, JANA.