Advisers directing clients to DIY: Hatch
Advisers are directing clients to digital platforms to carry out their investment plans, the general manager of Hatch, Kristen Lunman, says.
Hatch is a digital investment platform that allows New Zealanders to invest in US shares and exchange-traded funds.
Lunman said it had been noticeable in the past couple of months that a group of advisers were charging clients a fee to draw up plans for them, and then directing them to Hatch to make the investments themselves.
“We get a lot saying they’ve been referred by a financial ...MORE»
NZ shares fall; Goodman placement sees property stocks soldWednesday, September 18th, 6:17PM
New Zealand shares fell, with heavy trading in property stocks as investors cleared their books to make way for a $150 million placement in Goodman Property Trust. MORE» |
ASB adds impact to its fund rangeWednesday, September 18th, 9:13AM
ASB has added two new funds to its stable of investment options – the ASB KiwiSaver Scheme Positive Impact Fund and the ASB Investment Funds Positive Impact Fund. Both will have a focus on investing in companies that are making a positive impact on society or the environment. MORE» |
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Commission structure may need Govt intervention: FMA
An insurance industry reluctant to move on high upfront commissions may find the Government does it for it, the Financial Markets Authority says.
It and the Reserve Bank yesterday released their response to insurers’ reports on what they planned to do as a result of the regulators’ conduct and culture review of the sector.
The FMA and Reserve Bank said they were disappointed. Some work plans were not deep or broad enough, chief executive Rob Everett said, and even those that were did not make it clear they were committing the resource ...MORE»
Insurer response 'not good enough'Tuesday, September 17th, 10:03AM 6 comments
Commerce Minister Kris Faafoi says insurers are "passing the buck" to advisers. MORE» |
Wealth management now wags the stock-broking dogTuesday, September 17th, 7:00AM
Could the lack of new listings on NZX be as simple as New Zealand not having enough traditional stock-broking and merchant banking firms? MORE» |
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