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
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
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
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
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
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
how much wealth you need to join the richest 1
By Benjamin Stupples Breaking into the top 1% of wealth in the US is getting harder. It now takes at least US$5.8 million (NZ$9.5m) to join the richest echelon in the world’s largest economy, almo
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
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
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
these are the best countries for building family wealth
(Bloomberg) – The best country to build multi-generational wealth is Switzerland. The Alpine nation offers the best opportunities in the world for families looking to relocate and access the highe
singapores 316000 toyotas fuel angst over wealth gap
By Low De Wei, Yoojung Lee and Jinshan Hong, with assistance from Kevin Varley and Stephanie Phang For most of her life, Sabrina Vu had a car, even though you can’t drive far in her native Singapor
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.
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
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
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
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.
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
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
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
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.�
kkr to buy perpetuals corporate trust wealth management units for 23b
By Alice Uribe SYDNEY— Perpetual has agreed to sell its corporate trust and wealth management businesses to buyout firm KKR in a deal worth around A$2.18 billion (NZ$2.3b). The Australian financia
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
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
morgan stanley is laying off several hundred in wealth management division
By AnnaMaria Andriotis Morgan Stanley plans to cut several hundred jobs in its wealth-management division. New chief executive Ted Pick is seeking to rein in costs in an area that is critical to the W
Finance News
Finance
One in 24 New Yorkers is a millionaire
Ranking of cities by wealth puts the Big Apple at the top.
Finance
Paul McBeth: Banking on the price of stability
Competition has a cost that some might not be willing to pay.
Finance
Cautious lending keeps lid on default rates – Reserve Bank
Non-performing mortgages have overtaken Covid levels.
*All returns are per annum, after fees and before taxes. Data updated at 1:07pm 09 May 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.