Hobson taps into Forsyth Barr in quest for scale

Hobson taps into Forsyth Barr in quest for scale
Forsyth Barr's Neil Paviour-Smith welcomes Hobson into the fold. (Image: NZME)
Paul McBeth
Hobson Wealth will join the Forsyth Barr family after weighing up its options to add heft to the wealth advisory business in an environment where many regulatory hurdles make it harder for new entrants to thrive. The boutique wealth manager has been weighing up its options to grow for the past year or two before approaching Forsyth Barr in the middle of the year. Hobson principal Warren Couillault said doing the deal with Forsyth Barr means it can access things such as the larger firm’s research team, its network of 25 offices,...

More Finance

Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024
'Confirmation of payee' anti-scam measure inches closer
Finance

'Confirmation of payee' anti-scam measure inches closer

Banks are getting closer to implementing anti-scam “confirmation of payee” measures.

Dileepa Fonseka 30 Apr 2024
UBS NZ returns to profit
Finance

UBS NZ returns to profit

Operating income was up 51.8%, rising from $31.9m in 2022 to $48.5m in 2023.

Murray Jones 30 Apr 2024
Matt Whineray to chair new FirstCape Group fund manager and adviser
Finance

Matt Whineray to chair new FirstCape Group fund manager and adviser

The new entity aims to scale up advice and fund management services in NZ.

Staff reporters 23 Apr 2024