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Consilium Platform grows

Consilium Platform has added another wealth management firm, with $375 million under management, to its client base.

Monday, February 6th 2017, 6:00PM

Private Wealth Advisers have transferred the custody of their assets on to the platform.

It is a custodial wrap service designed for financial advisers, which offers investors access to a wide range of investments in multiple currencies, including wholesale managed funds, multi-term deposits and listed shares, at institutional prices. Advisers can build and manage their clients' investment portfolios on the platform.

Consilium managing director Scott Alman said Consilium worked with more than 50 advisory firms managing well in excess of $1.5 billion, including Polson Higgs, TailoredNZ, Quartz Wealth, and Bloomsbury.

"We are extremely proud to support these firms with our innovative approach, high quality customer service andndedication to championing professional financial advice, providing independent financial advisers with a global best practice solution.”

Investments are registered in the name of the custodian, FNZ Custodians Limited, but the investor remains the beneficial owner.

Consilium said holding assets in custody allowed the platform to increase efficiency, gain access to institutional level investments and keep fees low, because all interactions are centralised.

Investors can have multiple portfolios under one name. These portfolios are combined for tax reporting, but performance and valuation reporting can be run collectively or individually.

Advisers and investors can access Consilium Platform online at any time.  Advisers can also post regular reports within the investor's login.

Tags: Consilium

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Lender Flt 1yr 2yr 3yr
AIA 4.55 3.19 3.19 3.49
AIA Special - 2.69 2.69 2.99
ANZ 4.44 3.15 3.25 ▼3.39
ANZ Special - ▼2.55 ▼2.69 ▼2.79
ASB Bank 4.45 3.19 3.19 3.49
ASB Bank Special - 2.69 2.69 2.99
Bluestone 4.44 4.44 4.44 4.44
BNZ - Classic - 2.65 2.69 2.99
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.25 3.29 3.59
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union South 5.65 4.75 4.75 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.60 2.65 2.80
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 3.99 2.58 2.68 2.79
Kainga Ora 4.43 3.29 3.39 3.85
Kiwibank 3.40 3.40 3.54 4.00
Kiwibank - Capped - - - -
Kiwibank - Offset - - - -
Kiwibank Special 3.40 2.65 2.79 3.25
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
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Resimac 3.49 3.45 3.39 3.69
SBS Bank 4.54 3.29 3.19 3.49
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The Co-operative Bank - Standard 4.40 ▼3.19 ▼3.25 ▼3.49
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TSB Special 4.54 ▼2.55 2.69 2.99
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Westpac - Offset 4.59 - - -
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Median 4.55 3.19 3.22 3.39

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