The combined company will be Aotearoa’s leading independent investment consultant, providing investment support to over 75 clients, including 44 iwi/Māori investors. It combines MyFiduciary’s long track record of independent support and advice to wholesale investors and firms, with IWIinvestor’s skills and experience at managing client portfolios.
As part of the transaction, Tupu Angitu, the commercial arm of the Lake Taupō Forest Trust, has become a 25% shareholder of MyFiduciary. The remaining three-quarters of MyFiduciary remains owned by its staff.
“Together, we aim to become the primary investment consultant in Aotearoa for iwi, Māori, financial advisers, and other investors,” said Aaron Drew, co-owner of MyFiduciary.
Toni Kerr (Ngāti Tūwharetoa, Ngāti Raukawa ki te Tonga) who is currently a director of IWIinvestor will join the MyFiduciary board as a director.
“Our mission is to help our clients create wellbeing and prosperity that lasts for generations,” said Ms Kerr. “Our approach recognises the importance of long-term planning and investment strategies that can benefit current and future generations.”
“There has been a close working relationship with IWIinvestor for many years. Bringing the companies together will help us provide a better service for our clients. We are thrilled to be joining forces with the IWIinvestor team,” said Mr Drew.
Tupu Angitu Chief Executive, Olivia Poulsen said “It is exciting to see an organisation that has been fostered by Ngāti Tūwharetoa join forces with advisers with the proven track record of MyFiduciary. Tupu Angitu is pleased to be part of this journey, we hope the newly combined entity will continue to support the growth and prosperity of our people for a long time to come.
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