This week we can reveal that Brook Asset Management is about to get a new managing director.
Marshall’s retirement from Broadbase also potentially signals changes at the group – more on this in today’s Blog.
Also amongst the planning industry it has been interesting to watch the on-going consolidation. The latest developments are the further grouping of the Grosvenor group.
Tranzact, the ASX-listed entity which is almost 60%-owned by Grosvenor, has merged the two advisory practices it bought in April with another two Rutherford Rede businesses.
The finance company and deposit taking sector continues to generate plenty of news. A fascinating story is how Instant Finance dodged a bullet fired directly at it. The story is well worth a read as are the comments in Phil’s Blog.
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Drive
by shootings in the industry |
Listed property trusts have been a good yielding defensive
asset to hold in portfolios over the years. With the introduction
of PIE tax changes the sector is morphing. We have one
view on this from Goldman Sachs JB Were. They suggest
the sector will be more volatile and trusts with developments
are ones which can add shareholder value.
On the People
front we record the interesting changes at the IFA Board,
and report on a new business development manager at the Auckland
Mortgage Trust. Added to this we have news of a bit of role
swapping at Fidelity Life and a new investment appointment
at GS JBWere.
Also in Insurance News we have a useful
piece on what the hot jobs are in the insurance sector. This
piece also gives you an idea how much underwriters and business
development managers are getting paid. The other insurance
news story of note is changes to Tower Health and Life’s
application
process.
KiwiSaver
is dominating news. If you are interested in KiwiSaver then
you need to get your hands on this week’s issue of ASSET.
It includes a full report on how advisers are planning to
provide advice in this area, plus has results from our exclusive
survey of advisers.
Also in the June ASSET is a comprehensive survey of home equity
release schemes.
To get your hands on ASSET either call 0800-345675 or send
an email to mags@assetmagazine.co.nz
