Kernel Wealth
From the Kernel website: Kernel was born out of frustration with the inefficiencies, lack of innovation and low level of financial literacy holding back the New Zealand financial industry, and ultimately Kiwi’s financial futures. Throw in low interest rates along the way and savings accounts have stopped working as a way for Kiwis to grow their money.
Key Managers
Stephen Upton
Ownership
Majority owned by CEO Dean Anderson and Zino Angel Fund
Website
https://kernelwealth.co.nz/
KiwiSaver funds
Managed funds
NZ Super funds
Our Coverage
kernel fund goes green with esg index
Index fund provider Kernel Wealth is launching an ESG version of New Zealand’s benchmark top 50 index, alongside two other sustainable funds. The NZ 50 ESG Tilted is a newly-designed index which wil
wakeup call kiwi wealth hires goldman
Summary: Global investment banking giant Goldman Sachs is reported to be shopping Kiwi Wealth, the KiwiSaver funds manager founded by Gareth Morgan, around Australian funds management operations. Else
the future of wealth management in new zealand
Wayne Douglas Gretzky was a professional Canadian ice hockey player and former head coach. He played 20 seasons in the National Hockey League (NHL) for four teams from 1979 to 1999. He was nickname
nzx in early stage talks with possible wealth technologies partners
NZX has confirmed it is considering selling a stake in its wealth technologies division to a strategic partner, after it was reported as being for sale by Investment News. The specialist news website.
the government considered but rejected wealth tax says chris hipkins
Prime minister Chris Hipkins has confirmed the government was examining whether it could implement a wealth tax in this year’s budget, but that he canned the idea. The confirmation came in a stateme
craigs becomes nzx wealth technologies first customer
By Jenny Ruth Nov. 16 (BusinessDesk) - Craigs Investment Partners has become NZX’s first external customer for a new wealth technologies platform which offers a combined registry, administration an
savings fall as property wealth balloons
* Correction: An earlier version of this story incorrectly interpreted quarterly household savings figures as cumulative. In fact they show the amount saved in each quarter, not the total level of sa
forsyth barr buys hobson wealth for undisclosed sum
Investment and research house Forsyth Barr has bought advisory firm Hobson Wealth for an undisclosed sum. The deal will take effect from Dec 11, creating a firm with more than 600 staff across 25 offi
kiwi wealth taps private equity market
Kiwi Wealth is investing $50 million in private equity as it seeks returns in the increasingly large part of the economy that is unwilling to list on the public market. The KiwiSaver provider has comm
perpetual guardian buys trustees executors private wealth division
Perpetual Guardian Group has bought the private wealth division of Trustees Executors for an undisclosed sum. The deal will give the group a new set of high-wealth clients. The acquisition doesn’t i
the greatest wealth transfer in history
The greatest wealth transfer in history – from baby boomers to younger generations – has begun. This massive wealth transfer will have an enormous impact on investment trends, the financial sector
fed probes morgan stanleys international wealth management practices
By Annamaria Andriotis Morgan Stanley’s wealth-management arm is being scrutinised by the Federal Reserve, which is looking into whether the bank has sufficient controls in place to prevent rich for
hobson wealth denies report its for sale
An Australian media report that Auckland-based private wealth manager Hobson Wealth is looking for a buyer has met with a firm denial from the firm. “I can unequivocally and categorically deny that
more kiwisaver please kernel dishes up another helping
KiwiSaver is putting on weight, chunking up to almost $100 billion on the latest scale reading. The upsized local savings market has attracted several hungry startup competitors over the last couple
amp wealth addresses flexi work wish
AMP Wealth Management will exit its offices in both Auckland and Wellington, but has quietly taken the 'for sale' sign off its New Zealand business. The wealth manager, which has about $6 billion in
zipped lips on rumoured hobson wealth sale
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 asset
kiwi wealth officially on the market
Kiwi Group Holdings today confirmed it has hired Goldman Sachs to sell its fund management subsidiary, Kiwi Wealth. The fund manager is the country's fifth largest KiwiSaver provider and recently won.
aussie money eyes kiwi wealth
As flagged last month, the government-owned investment business, Kiwi Wealth, is now a location of interest for fund management shoppers. While rumours have been circulating for some time, this week t
nz post ponders kiwi wealth sale
Kiwi Group Holdings has enlisted Goldman Sachs to explore a possible sale of its fund management business Kiwi Wealth to free up some capital, BusinessDesk understands. One source, who declined to be.
wheres eric watsons wealth
Businessman Eric Watson may be in jail, but his wealth continues to evade former business partner Owen Glenn. At Watson’s sentencing last week, Glenn’s lawyer outlined how difficult tracing Watson
how to discourage wealth
“Let them eat cake” was a quote attributed to Marie-Antoinette, the bride of France’s King Louis XVI. With that callous remark, the queen became a hated symbol of the decadent monarchy and fuell
dutch wealth fund picks off hawkes bay apple orchard
The Netherlands’ oldest independent wealth manager has bought a 62-ha organic apple orchard from veteran Hawke’s Bay grower John Bostock. A statement from Van Lanschot Kempen said its Kempen SDG F
mpi blocks palm kernel carrying ship from nz over biosecurity risks
By Sophie Boot Oct. 18 (BusinessDesk) - A ship carrying 23,000 tonnes of palm kernel expeller (PKE) will not be allowed to unload its cargo in New Zealand, the Ministry for Primary Industries said.�
landcorp ditches palm kernel feed to boost environmental credentials
By Tina Morrison Aug. 8 (BusinessDesk) - Landcorp Farming, the state-owned farmer, will stop using palm kernel expeller on its farms in the current financial year to shore up its environmental sustai
neglecting financial advice costs health and wealth
Financial advisers say not enough people are seeking their services despite evidence it makes them wealthier and happier. A Financial Services Council commissioned survey found only 18 percent of Kiwi
Finance News
Finance
$400m Christmas bonus for Cryptopia victims
This is the first big payout since a hack and theft in 2019.
Finance
Auditing the Auditors
Audit fee rise is NZ playing ‘catch up’
Auditors have relied on importing talent, says NZSA's Oliver Mander.
Finance
HYEFU: Big bump to bond programme
Looser than expected fiscal policy drives a much bigger bond programme.
*All returns are per annum, after fees and before taxes. Data updated at 1:07am 22 December 2024 (NZT)
FundSource is a trademark of
NZME Publishing Ltd
NZME Publishing Ltd
Third party data: All data displayed on the FundSource pages (Data) on BusinessDesk has been sourced from an independent third party, FE Fundinfo. NZME and its related bodies corporate and affiliates (together NZME) do not make any representation as to the currency, fairness, accuracy, completeness or reliability of the Data. Nor will NZME have any liability to any person in relation to the use of or reliance on the Data.
No financial or investment advice: The Data is general information only. It is not financial product or investment advice or an investment recommendation, and has not been prepared taking into account the objectives, financial situation or needs of any person. Potential investors should seek their own independent advice from a qualified financial adviser prior to making an investment decision. NZME makes no recommendation in relation to, and accept no responsibility or ongoing liability for, any person’s investment decisions.
No offer: The Data is only to be accessed by New Zealand residents from within New Zealand, and may not be copied or distributed to any other person. The Data does not constitute an offer or solicitation to offer financial products or conduct investment business in New Zealand or any other jurisdiction.
No guarantee: Past performance information should not be relied upon as (and is not) a promise, representation, warranty or guarantee as to the past, present or future performance. NZME does not guarantee repayment of any capital or payment of any returns on capital invested in the investments referred to in the Data.
Missing data? All data comes from FE fundinfo. BusinessDesk can help you get your data loaded and updated. Email [email protected] for help.