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C & D


Investment Advice – Understanding Fees and Commissions

Before you use any investment adviser or seek professional advice, it is important to be familiar with how various fees and commissions work.

Like most things we pay for, we expect value in return.  Investors expect to receive a service that will potentially enhance returns, minimise risks, save time and generally relieve the stress and doubt that often comes from investing.

Is there Value in Receiving Investment Advice?

The Financial Markets Authority (FMA) has recently released findings from their FMA Colmar Brunton commissioned survey of New Zealanders aged between 60 and 74. The survey was designed to find out how advice had helped them manage their savings.

Of those retirees who had sought professional financial advice, 95% said their adviser was either good, very good or extremely good value. Around 30% said their adviser was very good value.

Relationship Property Basics

It is well known that at least a third of marriages and de facto relationships fail. Being aware of the financial consequences of the end of a relationship means you can put in place strategies to protect the property you acquired before the relationship and protect your rights to a share of property acquired during the relationship.

FMA Seeks Clarity about Performance Fees

The FMA recently requested submissions on its draft guidance document on fees and returns from managed funds. This is an area that has been somewhat lacking in the past. It has been very difficult to make a real comparison between the total fees charged by Fund Managers on their respective funds.

Essentially there was some inconsistency in how performance-based fees were disclosed in disclosure statements under the Securities Act, and how managers were calculating 0% PIR returns and fund charges.

Sales and Advice

24 Nov 2015

The Financial Markets Authority (FMA) regularly produces reports on various aspects relating to the finance markets. Their latest release is “Sales and Advice” for the period 1 July 2014 to 30 June 2015. The report covers thousands of advisers and sales people who help invest billions of dollars in financial products each year.

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