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

Cleantech: Burst bubble or our biggest opportunity?
Opinion

Peter Griffin: Cleantech: Burst bubble or our biggest opportunity?

A thriving cleantech sector could be NZ’s ticket to a sustainable, high-value economy.

Peter Griffin 02 Jul 2025
Why luxury needs a wake-up call
Opinion Fashion

Eden Bradfield: Why luxury needs a wake-up call

The focus should be on selling consumers a lifestyle, not just status symbols. 

Eden Bradfield 01 Jul 2025
Facebook is no place for risky financial investment offers
Opinion

Maria Slade: Facebook is no place for risky financial investment offers

Misleading ads continue to be thrust in the faces of Mum and Dad investors.

Maria Slade 30 Jun 2025