NZX Wealth Tech signs up boutique advice firm

Auckland-based boutique financial advice providers Stuart Carlyon have joined NZX Wealth Technologies to help manage their growing client base.

Monday, September 20th 2021, 11:02AM

Stuart Carlyon has selected NZXWT as a custodial platform partner for its flexible technology and capability to help streamline advisers’ workloads and provide additional client features.

NZXWT chief executive Lisa Turnbull says they are supporting growth with ongoing investment in its platform technology and staffing capability to onboard and service a growing client base.

Stuart Carlyon director Mark Patton says NZXWT has a strong team with talented and experienced people, "...and we know their capability well".

"We see benefit from future platform enhancements which, in turn, will help us continue meeting our ever-evolving business needs and keep our clients happy," Patton says.

NZX Wealth Technologies has grown strongly with new clients with its Funds Under Administration (FUA) increasing by more than 150% over the past year, reaching $8 billion at the end of August 2021.

Alongside existing clients, Public Trust, Hobson Wealth, Saturn Advice, JBWere and Craigs Investment Partners on the platform, Turnbull says contracts have been signed with three new large-scale clients and onboarding is underway, which is expected to increase FUA to around $10 billion by the end of 2021.

Tags: NZX Wealth Technologies

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