About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, August 30th, 10:13AM
rss
Latest Headlines

Researcher now selling funds online

FundSource Research has moved into the business of selling managed funds to the public through its website.

Tuesday, December 4th 2001, 9:08AM

The researcher started offering investment statements online last month at the same time it announced its Fund Manager of the Year Awards which were won by Bank of New Zealand Investment Management.

FundSource executive chairman David van Schaardenburg says the move is "experimental".

He says the company is still feeling its way with online offerings and there are a number of questions which remain unanswered such as: Is the New Zealand market big enough for an such a service?

He says FundSource believes investors should seek advice, however there is a do-it-yourself part of the market that still needs to be serviced.

The company originally looked at offering an online brokerage service about a year ago when Xtra kicked off its money channel.

FundSource took exclusive sponsorship of the investment section of the money channel and proposed doing a deal with 12 fund managers where they paid to be investment partners. As partners they would be allowed to sell their funds online through FundSource.

While managers would pay to be involved with the site they would also have to pay FundSource a trail fee.

The proposal got a frosty response from managers as the trail commission level was generally higher than what they paid advisers, plus they had to pay to be involved in the offering.

Also Xtra had some problems with the idea.

While the investment partner part of the idea has been canned FundSource is now offering investment statements for funds it has given either a four a five star rating to..

Investors get free entry into the funds and the managers pay FundSource a regular trail commission.

« 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
  • Client interests: first, best or last?
    “The IFA are continually telling consumers and advisers alike that their members are true professionals and should be viewed...”
    1 hour ago by Graeme Tee
  • Stewart nails third capital raising
    “Well done to Lifetime and Ralph Stewart. I'm interested in the development of the Superannuation Fund for pension transfers....”
    2 hours ago by Another AFA
  • Weaver leaves MJW
    “Well that was all a bit pointless...”
    6 hours ago by Steven Popodopolus
  • Client interests: first, best or last?
    “Andrew, thank you for commenting and for some helpful background to the code origins. I have often heard the car industry...”
    1 day ago by John Berry
  • Client interests: first, best or last?
    “John, well done for generating interest in this ethical principle. To understand the Standard it is probably helpful to...”
    1 day ago by Andrew Gunn
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 5.59 4.75 4.85 4.99
ANZ Special - 4.25 4.35 -
ASB Bank 5.55 4.69 4.75 4.89
ASB Bank Special - 4.25 4.29 4.34
BankDirect 5.55 4.69 4.75 4.89
BankDirect Special - 4.25 4.29 4.34
BNZ - Mortgage One 6.25 - - -
BNZ - Rapid Repay 5.70 - - -
BNZ - Special - 4.29 4.29 4.49
BNZ - Std, FlyBuys 5.64 4.85 4.89 4.99
BNZ - TotalMoney 5.64 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 4.99 4.99 -
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 4.75 4.89
HSBC Premier 5.75 4.19 4.19 4.49
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - 3.79 -
ICBC 5.60 4.39 4.69 4.99
Kiwibank 5.25 4.70 4.75 4.29
Kiwibank - Capped - - - -
Kiwibank - Offset 5.25 - - -
Kiwibank Special - 4.19 4.29 -
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.10 4.85 4.99 -
NZ Home Loans 5.45 4.69 4.75 4.75
NZ Home Loans - Specials - - - -
Lender Flt 1yr 2yr 3yr
NZ Home Loans - Specials - 4.19 4.29 4.29
Perpetual Trust 7.70 - - -
Resimac ▼5.19 4.94 4.90 4.91
SBS Bank 5.54 4.75 4.89 4.99
SBS Bank Special - 4.25 4.15 4.55
Sovereign 5.65 4.69 4.75 4.89
Sovereign Special - 4.25 4.29 4.34
The Co-operative Bank 5.45 4.25 4.29 4.49
TSB Bank 5.54 4.75 4.75 4.99
TSB Special - 4.25 4.19 4.59
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 5.65 4.79 4.85 4.99
Westpac - Capped rates - 5.15 5.25 -
Westpac - Offset 5.65 - - -
Westpac Special - 4.25 4.29 4.49
Median 5.65 4.69 4.75 4.89

Last updated: 29 August 2016 9:32am

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