About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Sunday, May 1st, 9:33PM
rss
Latest Headlines

IPAC morphs into FundSource

Tuesday, May 1st 2001, 10:54PM

-Managed fund research house IPAC Securities has been bought out by its management team, headed by David van Schaardenburg (pictured) and changed its name to FundSource.

In this deal van Schaardenburg has bought 100% of the company from the executive directors of IPAC Australia.

Van Schaardenburg, who is the executive chairman of FundSource, says that the company has no formal tie up with IPAC in Australia, but they will continue to work together if needed.

The change is logical as IPAC Australia closed its fund rating and research business in 1995 to concentrate on its core businesses which include running one of Australia's biggest master trusts and a sizeable advisory force.

Van Schaardenburg says the separation was amicable, and the two groups will "continue to liaise and potentially work together on issues of mutual benefit."

-FundSource will focus on providing services to professional financial advisers, and fund managers. It is also continuing to provide research and manager selection services to New Zealand Funds Management.

Van Schaardenburg says the change of ownership will allow FundSource to shift its focus from branding and ownership issues to growth.

He believes the managed fund industry is facing a period of renewed growth, partly due to the Government addressing the superannuation and savings issues.

"FundSource anticipates renewed growth in the New Zealand funds management industry, which in turn will provide opportunities for information and research providers," he says.

Van Schaardenburg says there are new opportunities in the market for selling research to advisers as many of the new entrants to the market come from a sales background rather than a professional advice one.

The need research in order to give their clients good quality advice, he says.

"The validity of research is higher for those sales people where technical skills tend to be lower."

The FundSource name was first used last year when IPAC took an exclusive sponsorship of the Xtra's money channel.

Currently the firm uses the site to generate interest in managed funds and refer people onto advisers.

"We are growing the pie for the funds management industry," van Schaardenburg says.

« GTFM rejects TAASovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Banks keen to hold on to QFE model
    “The word "Advisor" has been devalued in the NZ industry. Get rid of the definition "QFE Advisor". Replace with "QFE Salesperson"....”
    2 days ago by b p
  • Banks keen to hold on to QFE model
    “If you cut through all of the self serving and deliberately confusing Bank blather the equation is simple: Bank=no advice,...”
    3 days ago by I was wondering
  • Associations' stance questioned
    “Murray makes many valid points – but isn’t the argument is getting overly polarised? Isn’t there a future ‘middle...”
    3 days ago by Andrew Gunn
  • Better disclosure needed - but how?
    “Just reposting my earlier response to Scott's points about inconsistency (as Scott's previous comment was either deleted...”
    3 days ago by Sceptical
  • Associations' stance questioned
    “Breaking news Gospel of Comprehensive Planner discovered revealing “IFA is the way, the truth and the life, and no...”
    3 days ago by Murray Weatherston
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.64 4.75 4.85 4.99
ANZ Special - 4.25 4.35 -
ASB Bank 5.55 4.69 4.89 5.25
ASB Bank Special - 4.15 4.39 4.65
BankDirect 5.55 4.69 4.89 5.25
BankDirect Special - 4.15 4.39 4.65
BNZ - Mortgage One 6.30 - - -
BNZ - Rapid Repay 5.75 - - -
BNZ - Special - 4.25 4.39 4.64
BNZ - Std, FlyBuys 5.69 4.85 4.89 4.99
BNZ - TotalMoney 5.69 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 5.25 5.15 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 5.60 4.85 4.90 -
Housing NZ Corp 5.55 4.69 4.85 4.99
HSBC Premier 6.10 4.25 4.39 4.59
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - 4.25 4.25 -
ICBC 5.60 4.39 4.69 4.99
Kiwibank 5.45 4.70 4.75 4.75
Kiwibank - Capped - - - -
Kiwibank - Offset 5.50 - - -
Kiwibank Special - 4.29 4.25 4.85
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.10 4.85 4.99 -
NZ Home Loans 5.85 4.69 4.75 5.09
Perpetual Trust 7.70 - - -
Lender Flt 1yr 2yr 3yr
Resimac 5.59 5.24 5.29 5.39
SBS Bank 5.59 4.75 4.89 4.99
SBS Bank Special - 4.10 4.29 4.65
Sovereign 5.65 4.69 4.89 5.09
Sovereign Special - 4.15 4.39 4.65
The Co-operative Bank 5.45 4.25 4.35 4.65
TSB Bank 5.54 4.85 4.95 5.25
TSB Special - 4.35 4.19 4.79
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 5.75 4.79 4.89 4.99
Westpac - Capped rates - 5.15 5.25 -
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.75 - - -
Westpac Special - 4.25 4.39 4.80
Median 5.75 4.69 4.85 4.99

Last updated: 22 April 2016 9:18am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com