News Round Up: August 29

The sheriff is coming; SHARE looks to roll out wealth management proposition

Monday, August 29th 2011, 6:48AM

Advisers have been given notice that the Financial Markets Authority is starting up a programme of adviser monitoring visits next week.

The FMA says it will begin making visits to Authorised Financial Advisers (AFAs) as it steps up its monitoring activities under the Financial Advisers Act. [Read More]

 

SHARE looks to roll out wealth management proposition

The SHARE group plans to roll out its wealth management proposition next month following Milestone Financial Services's decision to join it.

With Milestone on board SHARE's combined funds under management now totals more than $552 million.

Milestone has five planning practices, located in Christchurch, Wellington, Wanganui and Auckland.

“Milestone’s move to SHARE has certainly provided the necessary impetus to move forward with the launch of a market leading wealth management proposition in September,” SHARE chief executive Bronwyn Kirwan said.

Milestone managing director Richard Holden said he welcomed the chance to lead the development of the combined group’s wealth management proposition.

“We’ve put together a compelling proposition that we expect to have broad appeal – we’re excited by the growth opportunities for SHARE and Milestone that will inevitable result from our efforts,” he said. 

 

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