US firm buys established Kiwi advice firm
NYSE-listed global insurance giant buys New Zealand financial planning firm
NYSE-listed global insurance giant Arthur J. Gallagher has expanded its New Zealand holdings with the acquisition of local financial advisory company First Capital.
The terms of the deal have not been disclosed. In a market announcement, the global firm welcomed First Capital into its global team.
"First Capital has a client-focused culture like our own and offers an excellent opportunity to ...MORE»
New managed fund offering targets saversFriday, May 2nd, 6:29AM 1 comment
A new managed fund spearheaded by an ex-Fisher Funds manager aims to offer savers an alternative to banks promising retail access to wholesale rates. MORE» |
Craigs’ 50% stake sale completeWednesday, April 30th, 12:00PM
Investment firm Craigs has confirmed the sale of half of the company to global private equity firm TA Associates is now complete and takes effect from today. MORE» |
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Shaping the future of advice: How NZFSG is empowering advisers in a changing regulatory world
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Kernel takes on Sharesies (and others)
Kernel Wealth has transformed from an index fund manager into an investment platform taking in the likes Shareies and Hatch.
The Auckland based company has today launched functionality on its platform allowing investors to buy shares and exchange traded funds.
It offers more than 500 US shares and 300-plus ETFs from Vanguard, Invesco and SPDR.
Chief executive Dean Anderson says “Ultimately, Kernel is a data and technology company. Funds management is a core part of what we do, but everything we do is data and tech ...MORE»
Generate expands investment options with 6 new fundsMonday, April 28th, 8:15AM
Generate is expanding its offering with the launch of six new retail funds – three KiwiSaver funds and three managed funds –designed to give investors greater choice and more flexibility to build long-term wealth. MORE» |
Rear view mirror: Equities took pole position as offshore exposure turbo-charged 2024 investor returnsSaturday, April 26th, 10:27AM
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News Bites
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Craigs’ 50% stake sale complete
Investment firm Craigs has confirmed the sale of half of the company to global private equity firm TA Associates is now complete and takes effect from today. MORE»
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GoodReturns TV
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[GRTV] Antipodes portfolio manager discusses emerging markets fund's potential amid volatility
Antipodes Portfolio Manager John Stavliotis discusses the opportunities in emerging markets, their strong growth potential and diversification benefits. MORE»
Sky TV's Rights Negotiation goes into Extra Time
Price increases are never welcome but sometimes, on rare occasions, we can soften that blow by offsetting ourselves in the market. For instance, accepting a 12-14% insurance premium increase from your insurer Tower is a lot easier to digest when your Tower shares return over 120% in the same year. For the good of the shareholders, you start to say… MORE»
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Gail Costa's farewell message to advisers
In a farewell message to advisers, former Chubb chief executive Gail Costa pays tribute to the work advisers do. MORE»
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TMM Online
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Problem mortgage stockpile grows
While the country’s mortgage stock rose by $1.9 billion in March, the number of problem mortgages also rose by $61 million to $2.4 billion and withdrawals from KiwiSaver on hardship grounds reached a record monthly high. MORE»
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Former FMA boss joins Simplicity
Simplicity gets its number one pick for new chairman. MORE»
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Advisor relationships on Sharesies' radar
Investment platform Sharesies is turning its mind to how it can work more closely with advisors now it has its latest KiwiSaver scheme options up and running. MORE»
