Octagon targets FAPs via NZX Wealth platform

Octagon business development manager Matt Hardwick says joining the NZX Wealth wrap platform will make it quicker and easier for FAPs to incorporate its funds  into clients’ portfolios and reporting formats.

All nine of Octagon's funds will be available on the platform covering enhanced cash, NZ equities, Australian equities, listed property, global equities, NZ fixed interest, as well as three multi-asset class funds for income, balanced and growth.

Octagon, which came out of ForsythBarr Investment Funds, was launched in 2021 as a standalone, wholesale manager. Led by CIO Paul Robertshawe, Octagon has fund managers and analysts in Wellington, Auckland and Queenstown.

Hardwick says as a wholesale manager Octagon wants a relationship with independent financial adviser groups and describes getting on the NZXWT platform as the first cab off the rank.

“Getting our funds on to the NZXWT platform is an important step in executing our growth strategy and distributing Octagon funds through IFAs and FAPs.”

Octagon has AUM of around $600 million, around half of which can be attributed to the Summer KiwiSaver scheme. It also has funds available through InvestNow and Flint Wealth which are aimed at retail investors.

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