Fisher Funds buys Kiwi Wealth, but is more always better?

Fisher Funds buys Kiwi Wealth, but is more always better?
Fisher Funds should end up with more than $20 billion under management after absorbing Kiwi Wealth. (Image: Kiwi Wealth)
David Chaplin
Fisher Funds takes formal control of the Kiwi Wealth empire this week, almost a year after the government decided to flog off the investment business.Depending on market conditions on the day and client attrition, Fisher should end up with more than $20 billion under management after absorbing Kiwi Wealth, putting the Takapuna-based firm on almost equal footing with the ASB investment business.The highly acquisitive Fisher, which also snapped up the Aon KiwiSaver and employer super scheme last November for $32 million, spent $310m to bag Kiwi W...

More Opinion

Fixing the public service
Opinion

Deb Te Kawa: Fixing the public service

Public Sector Act reform rightly aims at results, rather than cuts.

Off-the-shelf AI leading the way
Opinion

Peter Griffin: Off-the-shelf AI leading the way

Long-promised productivity gains from AI will soon be reflected in NZ's economy.

Peter Griffin 02 Apr 2025
Willis can do more to fix banking competition
Finance

Andrew Body: Willis can do more to fix banking competition

A competitive banking system needs more than lower capital adequacy ratios.

Andrew Body 02 Apr 2025
Rātā tests trust boundaries with fund buy
Opinion

David Chaplin: Rātā tests trust boundaries with fund buy

The community trust sector has been veering into more exotic investment territory.

David Chaplin 01 Apr 2025