NZ sharemarket down 1.13% for the week
An Israeli counter-attack on Iran sent sharemarkets into further turmoil, with New Zealand and its defensive stocks faring the best in terms of falls.
The S&P/NZX 50 Index reached a lunchtime high of 11,823.12 points but slumped on the news of a strike on a military air base in central Iran.
The index was again saved by the now familiar rise in the end-of-day matching session and closed at 11,796.21, down 39.83 points or 0.34% – its fourth fall this week.
The index was down 1.13% for the week and is now 0.27% ahead for the year ...MORE»
Consilium integrates ESG profilerThursday, April 18th, 1:52PM
Consilium and FNZ, the global wealth management platform, have launched the Consilium Wrap ESG Profiler, to help advisers personalise client portfolios according to their ESG preferences and values. MORE» |
NZX first-quarter earnings up 23.5%, revenue up 14.8%Thursday, April 18th, 1:46PM
NZX's first quarter earnings rose 23.5% on a 14.8% jump in revenue, chair John McMahon told the annual shareholders' meeting. MORE» |
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Kip Hanna – NZHL Group a Year on
A year ago, NZHL finalised the investment in LFG, forming the NZHL Group. The aim was to provide advisers and clients with the best possible options and leverage the collective strength of the group - regardless of whether the adviser is using a full support model or a non-branded adviser-led model. MORE »
How to Change to a Digital KiwiSaver Advice Process
Digitisation provides many benefits to both financial advisers and their clients. But, once you’ve decided to embrace going digital, how do you know where to start? Which areas of your KiwiSaver advice process should be the first to go digital, and which will bring the most benefits to your business? MORE »
Wither now for Flint Wealth's platform?
There has to be some question over the Flint Wealth management platform's future after Harbour Asset Management and Grace Sterling subsidiary Trustees Executors apparently refused to continue funding it.
Both organisations had already written off their investments in Formosa Wealth, Flint's parent company, but the current situation is being described as a change in ownership.
Australia-based Research IP is now Formosa's sole owner, although Harbour has said that its funds will continue to be available to Flint clients and “we look forward to working closely with the Flint team on an ...MORE»
Best and worst KiwiSavers according to ConsumerTuesday, April 16th, 10:42AM 2 comments
Kiwi-owned providers have come out on top of Consumer’s annual KiwiSaver satisfaction survey. MORE» |
Client sought $200,000 saying adviser mislead him about insurance coverMonday, April 15th, 2:34PM
Financial Services Complaints (FSCL) has quashed a client complaint that an adviser misled them about Directors and Officers insurance, citing the advisers’ robust email trail and full documentation. MORE» |
News Bites
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Smartshares trials NZXWT with large client
NZXWT is extending its technology expertise and wealth custody and operational services to sister company Smartshares. MORE»
GoodReturns TV
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[GRTV] A trip around investment issues with MyFiduciary’s Chris Douglas
It’s not just changes to the trustee tax tax rate that’s driving PIE growth, MyFiduciary principal Chris Douglas tells Good Returns TV. MORE»
Investments
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Still in charge
Globally, March was a robust month for markets. MORE»
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Acquisition marks significant strategic milestone for Wealthpoint
Wealthpoint buys general insurance business and now focuses on other enhancements to its offering MORE»
TMM Online
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Domestic data could signal inflation stall to the Reserve Bank
High and persistent domestic inflation will dampen Reserve Bank enthusiasm for OCR, and subsequently, interest rate cuts any time soon. MORE»
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New FMA appointment
Louise Unger is joining the FMA’s executive leadership team as executive director for response and enforcement. MORE»
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Best and worst KiwiSavers according to Consumer
Kiwi-owned providers have come out on top of Consumer’s annual KiwiSaver satisfaction survey. MORE»