Flint will be open to “friends and family” next month, with a public beta to follow.
It will initially offer a range of managed funds but there are plans to expand to allow investment into New Zealand equities, term deposits and other investments.
Advisers would be able to manage client portfolios on the platform or commission their own branded platform, with added flexibility.
Flint is a joint venture between Harbour Asset Management, Trustees Executors and Research IP.
“Flint is a platform seven years in the making – a lot of research and development has gone into validating this platform offshore, and we’re incredibly excited to be in the final stages of bringing it to the New Zealand market. There’s clearly a lot of opportunity in the retail investment sector right now, and we think Flint will have plenty of unique features to empower investors,” said spokesman Stuart Auld.
“Flint Adviser will let financial advisers across New Zealand tap into our cutting-edge platform technology; leveraging our security, insights, and data visualisation to benefit their customers. Flint Adviser will make it easier for advisers to connect with their clients, and support them on their investing journey.”
Its DIY platform will target the market currently served by platforms such as Sharesies, InvestNow and Hatch.
Demand for these services has grown significantly. Both Sharesies and InvestNow now have more than $500 million in funds invested through them.
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