GoodReturns.co.nz - News Bites

Summit to examine financial advice policy, regulation, and professional standards

Thu, 04 Jun 2026 09:28:00 +1200

Financial Advice New Zealand is launching an Advice Policy Summit in conjunction with the Financial Planning Standards Board Asia Pacific Forum.

Non-banks can call themselves banks

Thu, 04 Jun 2026 09:03:00 +1200

The Reserve Bank says all deposit takers licensed under the Deposit Takers Act will be able to call themselves banks.

Generate expands its private equity investments

Fri, 22 May 2026 13:29:00 +1200

Generate has made a new $20 million commitment into Icehouse Ventures’ Growth Fund III.

FMA to tackle Finfluencers

Wed, 22 Apr 2026 21:27:00 +1200

The Financial Markets Authority has joined regulators across the globe in a co-ordinated Global Week of Action Against Unlawful Finfluencers to tackle the risks involved with unlawful financial promotions by online influencers.

PAA Legacy Trust supports FANZ

Tue, 17 Mar 2026 08:54:00 +1200

Financial Advice New Zealand (FANZ) has entered a long term strategic partnership with the PAA Legacy Trust to support further development of Campus, its adviser-led, professional development hub designed to deepen capability across the financial advice profession.

Shaw and Partners buys Wellington advice firm

Sun, 15 Feb 2026 16:30:00 +1200

Shaw and Partners, previously JMI Wealth, has expanded its reach buying a Wellington-based financial planning business.

Morningstar finalists this year

Thu, 05 Feb 2026 08:45:00 +1200

Morningstar has revealed the finalists for this year's Fund Manager of the Year awards.

Castlepoint funds take unexpected hit

Thu, 04 Dec 2025 08:31:00 +1200

Two of Castlepoint's funds have taken an unexpected hit following accounting irregularities in one of their long term holdings, Corporate Travel Management (CTD).

The wedge edge for businesses and trusts

Sun, 05 Oct 2025 21:32:00 +1200

Wedge is making its high interest on-call account available to business and trusts.

10 years; $10 billion

Sun, 05 Oct 2025 17:14:00 +1200

In just over a decade Consilium since its founding the company has just passed through $10 billion in funds under management.

Wealth management firm enters its own retirement

Wed, 01 Oct 2025 16:12:00 +1200

JMI Wealth becomes Shaw and Partners Financial Services.

Twists and turns in FNZ court case

Sun, 28 Sep 2025 10:43:00 +1200

FNZ shareholders, who are suing the company for US$4.6 billion have lost their institutional backer and at the same time further criticised FNZ's chairman and private equity firm Motive Partners.

Open banking planned for KiwiSaver

Wed, 17 Sep 2025 23:30:00 +1200

Sevaka and Qippay Partner to bring open banking to KiwiSaver.

FirstCape consolidates JBWere NZ’s custody and platform

Mon, 15 Sep 2025 19:40:00 +1200

FirstCape has selected FNZ as JBWere NZ’s consolidated wealth management platform and custodian.

KiwiSaver nirvana

Mon, 25 Aug 2025 03:05:00 +1200

Simplicity cuts KiwiSaver fees for seventh time.

JB Were trumps Jarden

Mon, 04 Aug 2025 09:06:00 +1200

JBWere New Zealand and Jarden Wealth officially unite under a single name – JBWere – marking a major milestone for the leading wealth management and investment advisory firm.

FSI creates new brand for its affiliate investment teams

Sat, 02 Aug 2025 10:23:00 +1200

First Sentier Group has unveiled a new visual identity and brand narrative across all markets.

FMT cracks $2 bill

Fri, 01 Aug 2025 12:01:00 +1200

Tauranga-based First Mortgage Trust (FMT) has hit a major milestone and now has more than $2 billion in funds under management.

AI provider to KiwiSaver secures funding

Thu, 26 Jun 2025 05:20:00 +1200

Sevaka secures $1 million to scale AI platform for financial services.

Generate makes another PE investment

Wed, 25 Jun 2025 08:39:00 +1200

Generate invests in a firm creating operating system to run a dairy or beef farms.

InvestNow adds another low-cost Foundation fund

Thu, 05 Jun 2025 19:02:00 +1200

InvestNow has launched the Foundation Series Nasdaq-100 Fund, which offers exposure to the Nasdaq-100 Index through a Portfolio Investment Entity (PIE) fund structure, with low fees and added tax advantages.

Australian ETF giant cracks $50 bill FUM

Tue, 03 Jun 2025 17:16:00 +1200

Booster Savvy returns $1 million to customers

Tue, 03 Jun 2025 17:01:00 +1200

Booster's Savvy celebrates a milestone.

Trust Investments partners with FundRock

Fri, 30 May 2025 09:33:00 +1200

Trust Investments partners with FundRock to transform PIE Funds operations.

NZX Wealth Technologies onboards two new advice firms

Sun, 25 May 2025 09:03:00 +1200

Private Wealth Advisers (PWA) and Fortitude Financial are the latest financial advice firms to migrate to the NZX Wealth Technologies (NZXWT) platform.

Sneak peak at new brand

Fri, 23 May 2025 09:00:00 +1200

Nikko Asset Management's new brand, Amova Asset Management, has been quietly unveiled.

QuayStreet nabs another gong

Thu, 15 May 2025 20:48:00 +1200

QuayStreet Asset Management won the Diversified Growth Fund Manager of the Year at the INFINZ Awards, recognising outstanding long-term performance and excellence in portfolio management.

Financial planners optimistic about AI's potential

Tue, 13 May 2025 09:02:00 +1200

Worldwide, financial planners are optimistic about AI’s potential to help them better serve clients, enhance the quality of advice, reduce the cost of advice and increase public access to advice.

Craigs’ 50% stake sale complete

Wed, 30 Apr 2025 12:00:00 +1200

Investment firm Craigs has confirmed the sale of half of the company to global private equity firm TA Associates is now complete and takes effect from today.

TA Associates deal to buy Craigs stake clears hurdles

Fri, 21 Mar 2025 17:39:00 +1200

Craigs Investment Partners shareholder have approved a proposal to sell a 50% share in the company to global private equity firm TA Associates.

Turbocharge your brand

Tue, 11 Mar 2025 12:25:00 +1200

Heathcote Investment Partners has launched a new initiative designed to support and empower the financial advice industry in New Zealand.

NZ Super tips funds into private investor

Thu, 06 Mar 2025 08:57:00 +1200

The New Zealand Super Fund has invested $50 million into private equity investment manager Direct Capital.

InvestNow builds on its foundation

Wed, 05 Mar 2025 09:22:00 +1200

InvestNow has added three new funds to its Foundation Series Funds.

Who will win Fund Manager of the Year awards this week?

Mon, 03 Mar 2025 06:00:00 +1200

Morningstar is due to hand out its annual gongs to fund managers this week. Here are the finalists.

New PIE from big US manager

Thu, 27 Feb 2025 11:40:00 +1200

JP Morgan Asset Management has launched its first ever New Zealand domiciled, global fixed income PIE fund.

TAPping into AI

Tue, 28 Jan 2025 10:30:00 +1200

The Adviser Platform (TAP) has launched an AI-powered tool to help financial advisers save time preparing client advice.

New Partnership to Upskill New Zealand’s Financial Capability Workforce

Fri, 17 Jan 2025 12:41:00 +1200

A new partnership between Massey University’s Financial Education and Research Centre (Fin-Ed Centre) and the Booster Foundation aims to address gaps in New Zealand’s financial advice sector.

New sandbox for fintechs to play in

Fri, 13 Dec 2024 15:05:00 +1200

The FMA is launching a pilot “regulatory sandbox” to help fintechs test new products.

Booster's Savvy gets international recognition

Thu, 05 Dec 2024 18:03:00 +1200

Booster’s Savvy debit card has gained international recognition at the Fintech Futures 2024 Banking Tech Awards in London, being awarded Highly Commended in the Best User/Customer Experience Initiative for Consumers category.

Booster Foundation takes off

Tue, 29 Oct 2024 12:57:00 +1200

The Booster Foundation inks five partnerships in first year.