Liontamer
is an unquestionable success story in the New Zealand market
place raising more than $200 million in four years.
The buyout has some interesting twists to it including that
management will remain with the team in New Zealand and that
Liontamer is looking to expand into providing niche, global
share funds to the market as well. Good Returns has
a comprehensive story on this deal here.
Also at the start of the week we reported that the proposed
merger between the Life Brokers Association and Professional
Advisers Association failed to get ratification at the LBA
annual meeting. It is still unclear why this merger failed,
especially as it seemed to make sense.
Sticking with the associations, it seems that all four associations
are back talking to each other regarding the creation
of an industry APB. From the sidelines here it seems some
major political maneuvering is going on.
Financial advisers should look outside the industry to see
how the government may regulate their industry. This week
it released a discussion paper on regulation of real estate
agents. The model used for this group could well be replicated
in the advice space. You can find out more about it at landlords.co.nz
On the funds front we have the EPIC
share offer closing oversubscribed and today report that
Fisher
Funds is looking to close its flagship NZ Growth Fund
to new investments soon as it is reaching the maximum size.
Like Liontamer this is another boutique fund manager which
has done really well in recent years by offering something
a little different.
Last week we asked you to complete a KiwiSaver
survey. This survey is designed to get a fix on where
advisers are at with their KiwiSaver thinking and how they
may advise on the super scheme. The response rate so far has
been very good. If you haven’t taken the survey yet
please do it. Today is your last chance so and it only takes
a few minutes to complete. Click
here to go to the survey.
Filling in the survey will also help us to provide you with
the information you want about KiwiSaver.
Still on KiwiSaver we have Michael Littlewood’s response
to the changes announced in the Budget and many of the latest
press releases on KiwiSaver.
You can find all this information at kiwisaver.net.nz.
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