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Northplan moves into the South Island

Northplan has acquired a 50% stake in Dunedin-based Colin Strang Financial Planning for an undisclosed sum giving it a foothold in the South Island.

Friday, July 28th 2006, 5:08AM
Northplan has eight offices in the North Island.

Colin Strang Financial Services managing director Colin Strang says the partnership means that his company is ideally positioned to "ensure that clients receive the safety, security and cost saving benefits of a large company, without losing the good quality personal service they have become accustomed to."

“The association...is by no means new, but Northplan’s shareholding will elevate our relationship to new levels which will benefit both our clients and the two companies.

“For some time our company has shared certain services with Northplan. This includes access to Northplan’s Investment Committee which is responsible for asset allocation and product selection. The excellent returns that clients have enjoyed are a result of our relationship.

“Becoming part of a larger group like Northplan just makes sense right now, particularly in light of impending changes to compliance legislation and disclosure for financial advisors,” said Strang.

All decisions relating to the composition of every one of Northplan’s client portfolios is made by the company’s investment committee – a think tank comprising well-known independent economist Donal Curtin, Northplan managing director Kelvin Syms, and director Simon Purvis and chartered accountants John Perris and John Price.

Syms says Northplan is excited by the opportunity to roll out the benefits of its services and systems to Colin Strang clients.

“Northplan enjoys considerable bulk buying power which enables the group to negotiate both higher returns and lower fees on behalf of our clients. We have made research and due diligence a matter of policy.

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