Rupert Carlyon launched KiwiSaver provider kōura Wealth in 2017. It now has 2,500 members and $85 million under management. After leaving Auckland Grammar School, the born-and-bred Aucklander moved s
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
AMP has abandoned plans to sell its New Zealand wealth management business following disruption caused by the covid–19 pandemic to economic and financial markets. The company said it held discussio
Flush with cash and ready to go, Fisher Funds revealed the obvious on Monday this week with its $310 million winning bid for the government-owned Kiwi Wealth business. To be paid for in proportional m
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
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
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.
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
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
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
* 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
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
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
“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
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
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
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
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
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
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 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.
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
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.
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
A few days before revenue minister David Parker released his much-awaited research into how much tax the wealthy pay, he and I were chatting amiably after a press conference about the “Super Lefty P
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