Moving to New Zealand and need some advice on Wealth Management and Investments? Talk to FNZC. Find out more about them below.
Could you tell us a bit about your company and what you do?
FNZC started life over 55 years ago as R.A. Jarden & Co in Wellington. Ron Jarden was not only a highly successful stock broker and businessman, but also played for New Zealand’s world champion rugby team, the All Blacks in the early 1950s. The company has grown significantly since then to become NZ’s largest stock broking firm. Being the largest firm allows us to invest heavily in research so as to identify sound investment ideas. Our research team which focuses on NZ investment opportunities includes a NZ economist, eleven analysts and four assistant analysts. In addition, in a global context we have a long standing strategic alliance with Credit Suisse Group.
What would you say are the main benefits to clients when using your services?
The three major benefits or advantages we have in the NZ market are:
- People – my team is made up of wealth advisers with over 20-years of financial market experience each, both in NZ and offshore. We have the highest ethical standards, professional qualifications and commitment to best practice global compliance standards in the industry.
- Research – to help you get the most from your investment portfolio we draw on our market leading research team and strategic alliance with global financial services firm Credit Suisse Group.
- Wealth performance – we measure your portfolio’s performance using the latest technology and keep you up-to-date with regular reporting that’s clear and easy to access.
Do you deal with many international clients?
Yes, we have a number of clients based offshore who are either NZ expats, NZ residents for a part of the year only or those going through the Immigration NZ Investor Category/Parent Retirement Resident Visa process.
Has there been a change in what clients look for? If so, how?
Yes, we are finding that our Discretionary Investment Management Service (DIMS) is becoming more and more popular. FNZC is one of a small number of DIMS licence holders which enables us to professionally manage a client’s investment portfolio in accordance with an agreed investment strategies and parameters.
In our team, three FNZC advisers are responsible for a client’s account, providing continuous coverage, constant peer review and complementary skill sets.
Advisers are able to be agile in responding to opportunities or threats.
Clients remain up to date, through online portfolio access and comprehensive quarterly reporting.
When should clients begin speaking to you in their migration journey?
We are often toward the backend of the immigration process once a client has moved to NZ, but it doesn’t need to be that late in the process. Having a client account in place with an agreed ‘Investment Proposal’ in advance of the big move is prudent with something as important as wealth management.
Have you seen a shift in the type of client you receive over the past year?
Yes, firstly we are getting more offshore interest from immigration clients under the Investor Category Visa. Secondly we are seeing more interest from clients who traditionally have invested only in property. As the property market has climbed to levels which are concerning organisations such as the IMF (International Monetary Fund), investors have begun to look at investment portfolios to spread their risk – “diversification is the only free lunch in investing”.
Are British clients different in their needs then other nationalities?
No not at all. The only difference may be the need for a QROPs service for their UK pensions but investment objectives and levels of risk tolerance are the same on average.
Has Brexit impacted the amount of British clients you speak with?
Yes, like the Trump affect in the US, Brexit has acted as a catalyst for those in the UK who may have been considering migration to actually press the green button. The number of enquiries has risen as NZ is viewed as a beautiful, safe, welcoming English speaking country who share a lot in common with the ‘motherland’.
Why should clients use your company?
Our team of advisers specialise in immigration portfolios and are the sole point of contact for the firm with Immigration NZ. We have all lived in the UK and worked in financial markets there (in my case for 13-years). We also look after a number of DIMS clients which as mentioned above is a fantastic service which has produced some great outcomes for clients.