• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Subscribe
  • Twitter
  • RSS Feed

Investment News NZ

Investment News provides financial advisers news stories from the financial industry in New Zealand. Subscribe to our free weekly newsletter.

  • Home
  • News
  • Kiwisaver
  • Subscribe
  • About
  • Advertise
  • Contact
You are here: Home / Investment News / NZ Funds stalwart finds Findex; ForBar buys in the Bay

NZ Funds stalwart finds Findex; ForBar buys in the Bay

September 1, 2019

David van Schaardenberg: Findex NZ senior partner wealth

Veteran NZ Funds Management executive, David van Schaardenburg, has left the boutique investment and advice house for a new career at Australian-owned financial services shop, Findex.

After 22 years in various roles at NZ Funds, van Schaardenburg joined Findex NZ in August as senior partner wealth with a mandate to develop its “investment advice capabilities”, his LinkedIn page says.

Most recently, he was head of the NZ Funds private wealth arm, which includes about 15 advisers and $460 million under advice.

Prior to joining NZ Funds in 1997, van Schaardenburg was executive director at research house, FundSource, ultimately owning the company that was sold to the NZX in 2006 for more than $900,000. The NZX offloaded FundSource to Australian firm, Zenith Partners, this June for an estimated $325,000.

Findex, one of Australia’s largest privately-owned financial services businesses, entered the NZ market in 2015 after buying the Australasian assets of accountancy firm, Crowe Horwath.

It is understood the group may roll out its Australian-built investment platform in NZ next year. Nelson-based Susan Schuler heads the Findex NZ financial services division.

In other news last week, Forsyth Barr expanded its presence in Hawke’s Bay with the purchase of independent advisory firm, SP Investment Group.

Founded by Stuart Pearse more than four years ago, the SP Investment Group will move on November 1 just around the corner from its current premises into the Forsyth Barr Hastings digs in Karamu Rd.

Pearse said the decision to merge with Forsyth Barr was prompted by significant growth in the business and the need for more compliance resources under the imminent Financial Services Legislation Amendment Act (FSLAA) regime.

“We were getting to the size where we needed to take on a second financial adviser,” he said. “Also with the upcoming regulatory changes there will be much more compliance work over the next 12 to 18 months, which would require significant outsourcing costs.”

According to Pearse, he opted for Forsyth Barr after a thorough due diligence process.

“They have the compliance and research infrastructure to support my clients, allowing me to focus on portfolio management… my investment process won’t change,” he said. “I’ve had the support of all of my clients for the move.”

Richard Dwyer, Forsyth Barr director private client services, said with the addition of Pearse, the group now had six advisers across its Hastings and Napier offices.

“Across the country we have 130 advisers in 22 locations,” Dwyer said.

He said over the last six months Forsyth Barr has seen a notable uptick in enquiries from other advisers – particularly those based in banks – looking for new homes in the run-up to FSLAA.

Forsyth Barr would apply for a full Financial Advice Provider (FAP) licence once the FSLAA regulatory door opens, Dwyer said.

Print Friendly, PDF & Email
Twitter0
LinkedIn0
Google+0
Facebook0

Read More » Investment News

Recent articles

  • KiwiWRAP lays down investment backing tracks January 24, 2021
  • Government to set eyes on PIEs as tax hike bites January 24, 2021
  • Venture fund hires short-term chief, refits board January 24, 2021
  • MJW finds KiwiSaver manager choice matters more at riskier end… January 24, 2021
  • … as weight gain spread among mid-level schemes January 24, 2021
  • NZX admin unit confirms old client for new platform January 24, 2021
  • NZ Super adjusts dials on reference portfolio as risk-return gauge edges up January 24, 2021
  • State Street wins Perpetual custody job January 24, 2021
  • New future-facing FAP compliance firm fronts up January 24, 2021

Primary Sidebar

WEEKLY NEWSLETTER

Sign up here to receive our weekly newsletter.
Learn More »

Most Recent Investment News

KiwiWRAP lays down investment backing tracks

January 24, 2021

Government to set eyes on PIEs as tax hike bites

January 24, 2021

Venture fund hires short-term chief, refits board

January 24, 2021

MJW finds KiwiSaver manager choice matters more at riskier end…

January 24, 2021

… as weight gain spread among mid-level schemes

January 24, 2021

Search by Keyword

Investment News

  • KiwiWRAP lays down investment backing tracks January 24, 2021
  • Government to set eyes on PIEs as tax hike bites January 24, 2021
  • Venture fund hires short-term chief, refits board January 24, 2021
  • MJW finds KiwiSaver manager choice matters more at riskier end… January 24, 2021
  • … as weight gain spread among mid-level schemes January 24, 2021
  • NZX admin unit confirms old client for new platform January 24, 2021
  • NZ Super adjusts dials on reference portfolio as risk-return gauge edges up January 24, 2021
  • State Street wins Perpetual custody job January 24, 2021
  • New future-facing FAP compliance firm fronts up January 24, 2021
  • How to fit ESG processes into UN’s sustainability goals January 24, 2021

Investment News Archive

Most Popular Articles

  • NZ share-trading splurge could trigger tax alarms… posted on October 5, 2020
  • Westpac NZ flags retail advice sale to Forsyth Barr posted on October 19, 2020
  • The horror year in technicolour: free KiwiSaver 13 report released posted on September 30, 2020
  • Flint set to spark platform competition posted on August 17, 2020
  • Four to the core: Smartshares to expand, rearrange and reprice ETFs posted on June 22, 2020
  • Kitset KiwiSaver scheme set to unwrap in spring posted on April 27, 2020
  • Funds eye bargains, self-shoppers hoard cash, KiwiSavers turn conservative posted on March 15, 2020
  • AMP Capital NZ chief quits amid equities exodus offshore posted on August 28, 2020

Sponosored Content

David-Boyle

On the industry play-list: four chart-topping regulations for 2021

David-Boyle

Charge of the lite (advice) brigade

Nathan Field

Pandemic Baby Boom a Bust

Star-date 2020: it’s inflation Jim but not as we know it

Quick-links to Popular News

  • FAP Compliance
  • Coronavirus
  • New Appointments
  • Financial Markets Authority (FMA)
  • Kiwisaver
  • Climate Change
  • Crypto Currency
  • Blockchain
  • Insurance

Secondary Sidebar

Recent News

  • KiwiWRAP lays down investment backing tracks January 24, 2021
  • Government to set eyes on PIEs as tax hike bites January 24, 2021
  • Venture fund hires short-term chief, refits board January 24, 2021
  • MJW finds KiwiSaver manager choice matters more at riskier end… January 24, 2021
  • … as weight gain spread among mid-level schemes January 24, 2021
  • NZX admin unit confirms old client for new platform January 24, 2021
  • NZ Super adjusts dials on reference portfolio as risk-return gauge edges up January 24, 2021
  • State Street wins Perpetual custody job January 24, 2021
  • New future-facing FAP compliance firm fronts up January 24, 2021
  • How to fit ESG processes into UN’s sustainability goals January 24, 2021

Footer

Copyright ©2020 InvestmentNews.co.nz — All Rights Reserved ·— Terms & Conditions