About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, December 6th, 11:01AM
rss
Latest Headlines

Advisers directing clients to DIY: Hatch

Advisers are directing clients to digital platforms to carry out their investment plans, the general manager of Hatch, Kristen Lunman, says.

Thursday, September 19th 2019, 6:00AM 3 Comments

Hatch is a digital investment platform that allows New Zealanders to invest in US shares and exchange-traded funds.

Lunman said it had been noticeable in the past couple of months that a group of advisers were charging clients a fee to draw up plans for them, and then directing them to Hatch to make the investments themselves.

“We get a lot saying they’ve been referred by a financial adviser. Some are more active than others but this is an interesting opportunity that we hadn’t expected.”

She said the platform was working on ways it could develop this relationship with advisers who did not handle the execution of their clients’ investments.

Hatch would approach the advisers referring the greatest number of clients to understand how it worked with their businesses, she said.

"How does their business model work? Is it different to the traditionally business advisory model? We know obviously that it is."

She said it fit well with a recent survey commissioned by Hatch, which showed that while 72% of respondents wanted a DIY self-service, 74% wanted access to human advice alongside it.

It was also noticeable that there was a high level of personalisation happening, she said.

Clients might be working with an adviser's model portfolio but they were using Hatch to drive their investments into areas they felt strongly about, and avoid those that they did not want to be associated with, right down to things such as sugar or fast food.

The survey also found 93% of women found socially responsible investment appealing compared to 83% of men. 

“Cynics may argue that socially responsible investing is just a fad but a closer look at the forces that have driven the movement over the past 15 years suggest otherwise,” she said.

“Gathering and processing data is becoming even easier and cheaper, and investors are increasingly conscious of the social and environmental consequences of the decisions that companies make."

Among survey responding investors who did not own property, 62% of their investment portfolio was self-managed.

Tags: digital investment ESG ETFs Hatch investment responsible investing

« Strong response expected to KiwiSaver default review: Govt[The Wrap] What's worse? Commissions on insurance or cashbacks for home loans »

Special Offers

Comments from our readers

On 19 September 2019 at 6:53 am John Milner said:
I remember a well known planner/author advise his business model of charging for a plan then leaving the client to invest themselves was not a model he would recommend. The reason being it was not economically viable in reality. Sounds like a pipe dream of a platform provider. Could this be “fake news”?
On 19 September 2019 at 7:46 am Pragmatic said:
I’d love to see the survey & question that contributed to the statement: “...a recent survey commissioned by Hatch, which showed that while 72% of respondents wanted a DIY self-service, 74% wanted access to human advice alongside it”.

Seems like a staff survey....
On 20 September 2019 at 12:37 pm henry Filth said:
I have done this for decades. I pay a number of people for advice. Sometimes I follow it, sometimes I don't, sometimes advice from different advisers synthesizes into something quite exciting.

It's not difficult to do the mechanical of the investing.

And that way, I know who's paying my advisers.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 ▲4.05 4.49
ANZ Special - 3.55 ▲3.55 3.99
ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
BNZ - Classic - ▼3.49 3.45 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide ▼5.65 ▼4.75 ▼4.75 -
Credit Union North 6.45 - - -
Credit Union South ▼5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
HSBC Premier 5.24 3.54 3.54 3.69
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 4.04 3.95 4.39
Kiwibank 5.80 4.14 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.39 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Lender Flt 1yr 2yr 3yr
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.86 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - ▼3.39 3.45 3.89
Sovereign 5.30 4.15 4.29 4.55
Sovereign Special - 3.65 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.35 4.25 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.55 3.45 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.39 3.45 3.99
Median 5.34 4.04 4.09 4.39

Last updated: 4 December 2019 9:11am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com