The New Zealand

Funds & Advisory


The Industry

When compared to more established global wealth management industries, the New Zealand financial services industry is coming of age through improved regulations, developing capital markets and an incentive for investors to save.
  • As at 30 June 20 KiwiSaver funds had attracted $70.6 billion, representing a 14.8% growth in funds under management from the previous year. Average Kiwisaver balances remained a modest $22,434 with 2.93 million active savers
  • New Zealand is in the midst of introducing greater advisor and industry regulations to enhance consumer confidence (Financial Advisers Act, Financial Service Providers Register and the Financial Markets Conduct Bill)
  • New Zealand investors enjoy the benefits and relative ease from a more efficient tax structure for managed funds (Portfolio Investment Entities or PIEs) and overseas investments (Foreign Investment Funds regime)
  • The New Zealand industry is relatively under-supplied with circa NZD157 billion in managed funds, with in excess of 590 funds – representing a growth of 63% over the past ten years.
  • The once institutionally dominated Intermediary market is increasingly being replaced by a fragmented cottage advisory industry, which comprises some mid-sized dealer groups and plenty of smaller entities. There are a total 8,804 financial advisers in New Zealand, of which 1,900 are authorised financial advisers.
  • Institutional asset consultants include Russell, Mercers, Cambridge, Jana and Aon/Hewitt and a small number of boutique consultants. Morningstar and recent entrant MyFiduciary are the key retail research houses. Interestingly Zenith have recently purchased local research house FundSource.

Funds that access a world of opportunities

Whatever your investment goals, our partnerships with leading investment managers provide a diverse selection of funds that span a range of assets classes.

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Talk to us today about how Heathcote Investment can help keep you up to date with the latest product information and invitations to a variety of proprietary events every year.