InvestNow's parent company IIS sold to global financial services firm Apex Group

InvestNow's parent company IIS sold to global financial services firm Apex Group
IIS founder Anthony Edmonds and InvestNow general manager Mike Heath. (Image: IIS)
Dan Brunskill
New Zealand retail investment platform InvestNow has been sold to an international investment services firm Apex Group for an undisclosed sum. InvestNow is an online investment platform that allows its 25,000 customers to invest in various managed funds and term deposits. Its clients manage about $1.3 billion of assets, including its InvestNow KiwiSaver scheme.The platform is a subsidiary of Implemented Investment Solutions Holdings (IIS), which helps large global fund managers establish and distribute NZ-domiciled funds to their investors...

More Finance

Wisdom from Milford’s ‘oldest’ fund manager
Finance

Wisdom from Milford’s ‘oldest’ fund manager

Stephen Johnston has been watching markets since 1997.

Gregor Thompson 09 Jan 2025
RBNZ issues first non-bank deposit-taker licence in nearly a decade
Finance

RBNZ issues first non-bank deposit-taker licence in nearly a decade

The Reserve Bank of New Zealand has issued a non-bank deposit taker licence to newly formed finance company Welcome.The last time the central bank issued a license was in 2017 to Christian Savings, which was previously licensed as Christian Savings Incorporated, according to the...

Staff reporters 08 Jan 2025
How tax rules discourage wealthy investor migrants
Finance

How tax rules discourage wealthy investor migrants

Covid refugees facing a four-year time limit on tax status are forcing the issue.

Pattrick Smellie 06 Jan 2025
M&A outlook: get set for big ticket IPOs
Finance

M&A outlook: get set for big ticket IPOs

Experts are picking a surge in mergers and acquisitions activity for 2025.