Zipped lips on rumoured Hobson Wealth sale

Zipped lips on rumoured Hobson Wealth sale
Hobson Wealth chair and chief executive Warren Couillault said the company didn't comment on anything that could be 'commercially sensitive'. (Image: Hobson Wealth)
Ella Somers
Forsyth Barr is sticking to a tight script around mounting speculation that the wealth management firm is the top bidder in the rumoured sale of Hobson Wealth.Hobson has more than $4 billion in assets under management, but it's still a much smaller financial fish in the sea of broker-based wealth firms, which has giant players in the form of Forsyth Barr, Jarden and Craigs Investment Partners.Earlier in the month, Forsyth Barr and Craigs IP were allegedly the two top bidders.'Going well'On Saturday, a well-placed source sa...

More Finance

Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025
Wow. It’s all basketball!
Finance

Wow. It’s all basketball!

US investment in basketball is lapping at our shores in more ways than one.

Pattrick Smellie 25 Mar 2025
FMA files criminal charges against David McEwen
Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 18 Mar 2025
FNZ employee shareholders revolt over latest capital raise
Finance Exclusive

FNZ employee shareholders revolt over latest capital raise

Long-standing employees believe new raise halves their holdings.

Victoria Young 14 Mar 2025