About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Friday, July 31st, 5:52AM
rss
Latest Headlines

Tower FAS advisers set up own group

A group of 13 Tower Financial Advisory Services advisers have set up a new planning firm called Goldridge.

Tuesday, May 22nd 2001, 6:28AM

A group of Tower Financial Advisory Service advisers have broken away from Tower to form their own advisory group called Goldridge.

The new group is the result of a partnership between a number of financial advisers and Tower and will operate nationwide as an independent financial planning company.

The group will begin operations with 13 principal advisers who currently managed more than $270 million. Tower will initially own 85% of the group but intends to sell down its stake.

Goldridge managing director Daryl McAlinden says the planners wanted to work within their own group but also maintain the close links they had with Tower.

As a result of this McAlinden says Goldridge will make use of Tower's size and scale for support and services. It has also set criteria for new planners joining to be highly successful planners with extensive industry experience.

However, the group will limit its planner intake to six newly qualified planners in the next twelve months and all new planners will be required to take a shareholding interest in the group.

Goldridge is being chaired by well-known industry Australian figure John Godfrey. Godfrey is best known for founding the planning group Godfrey Weston in 1981 which then went on to become Godfrey Pembroke. There he held the posts of chairman and managing Director from 1981-1998 before the business was sold to MLC in 1999.

Godfrey, acting as the independent chair, will join co-directors Peter Hawes and David Samuel representing the advisers while Ralph Stewart, and Stuart Fish will represent Tower.

« News Round UpSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • PAA axes holiday homes scheme
    “I wish I had found this discussion before. I'm surprised the mainstream media aren't tearing the PAA to shreds over this....”
    2 days ago by drelly
  • RFAs backing call for one law for all
    “A large number of RFA's had already accepted and operated under the Code's standards, so I for one totally agree. ...”
    2 days ago by Referee
  • FSC: All advisers should be equal
    “Tash and Gavin, Thank you! Sales, yes there is an element in every product or service ever paid for, and some that aren't...”
    3 days ago by RiskAdviser
  • FSC: All advisers should be equal
    “This is an interesting debate. It pretty much highlights the state of financial ‘advice’ here and around the world. The...”
    3 days ago by AFA Muggins
  • FSC: All advisers should be equal
    “i started in the life & general insurance industry in the early 80s. was told - life insurance is sold and not bought. it...”
    3 days ago by w k
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 6.24 5.10 5.59 5.59
ANZ Special - 4.89 4.99 -
ASB Bank 6.50 5.25 5.49 5.75
ASB Bank Special - 4.89 5.10 5.39
BankDirect 6.50 5.25 5.49 5.75
BankDirect Special - 4.89 5.10 5.39
BNZ - Mortgage One ▼6.65 - - -
BNZ - Rapid Repay ▼6.24 - - -
BNZ - Special - - ▼4.69 -
BNZ - Std, FlyBuys ▼6.24 5.19 5.39 5.29
BNZ - TotalMoney 5.99 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.75 5.75 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
HBS Bank 6.14 5.39 5.39 5.39
HBS Special - 4.99 4.99 4.99
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 6.45 5.10 5.40 -
Housing NZ Corp 6.49 5.19 5.49 5.59
Lender Flt 1yr 2yr 3yr
HSBC Premier 6.60 4.89 4.89 5.29
HSBC Premier LVR > 80% - - - -
HSBC Special - 5.29 5.29 5.29
ICBC 6.75 5.99 6.39 -
Kiwibank 6.15 5.39 5.49 5.69
Kiwibank - Capped - - - -
Kiwibank - Offset 6.40 - - -
Kiwibank Special - 5.09 4.99 5.39
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.70 5.65 5.95 -
Lender Flt 1yr 2yr 3yr
NZ Home Loans 6.60 5.39 5.49 6.29
Perpetual Trust 7.70 - - -
Resimac 5.84 5.60 5.65 5.79
SBS Bank 6.14 5.39 5.39 5.39
SBS Bank Special - 4.99 4.99 4.99
Sovereign ▼6.35 5.25 5.10 5.75
Sovereign Special - 4.89 5.10 5.39
The Co-operative Bank 6.20 4.89 4.99 5.20
TSB Bank ▼6.24 5.45 5.49 ▼5.40
TSB Special - - 4.99 5.40
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac ▼6.15 5.39 5.39 5.59
Westpac - Capped rates - ▼6.15 ▼6.15 -
Westpac - Offset ▼6.15 - - -
Westpac Special - - ▼4.69 -
Median 6.45 5.27 5.39 5.40

Last updated: 29 July 2015 7:54pm

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