This month's issue of Asset magazine answers the question: What sort of threat do the big banking networks pose to independent financial advisers?
The story explains how the banks have set up their investment advice/financial planning operations and examines their strengths and weaknesses.
Asset this month is a bumper issue on New Zealand shares. Besides Jenny Ruth's popular look at what fund managers have bought and sold there is a special report on New Zealand equities.
For readers interested in insurance there is a detailed look at trauma polices, plus a profile with new Southern Cross boss Ian McPherson.
Practice management is the first in a series on professional indemnity insurance.
Make sure you get your copy of Asset by subscribing now. You can order either online in the bookstore (
click here), or call the subscription department on 0800-345675.Who will manage BT's intl shares?
Sources say Wellington was approached as a possible manager, but has declined because of its existing relationships with managers in Australia and New Zealand.
The current shortlist includes Capital, Fidelity Investments, BNP Paribas Asset Management, Putnam Investments and an American-based boutique.
Capital is picked as the front-runner because of its existing global outsourcing relationship with Westpac in Australia.
New online account
HSBC has launched an online savings account which offers customers a high interest rate on balances of more than $3000, fee free electronic banking and no monthly account keeping fees.
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