Flint Wealth investment platform forced to close

In a letter to investors, Flint said that Trustees Executors has advised it that it won't be able to provide those registry, custodial and other services beyond Aug 31.

“Flint Wealth has contacted several providers of similar custody and registry services. Unfortunately, all have advised that the critical services cannot be implemented within the required timeframe,” the letter says.

“Without the registry and custodial services provided by Trustees Executors, Flint Wealth is therefore forced to suspend its offering to New Zealand clients,” it says.

Trustees Executors has also said isn't able to effect an in species transfer of existing Flint investments to fund managers directly or to another platform.