"We can, and do, rest easy, secure in the knowledge that our financial interests are in good hands..."

G & J


KiwiSaver – Are You Getting the Right Advice?

The Financial Markets Authority has just published a pamphlet entitled “KiwiSaver – Are You Getting the Right Advice”. We believe that this is very timely, as many KiwiSaver investors are not invested in the best product in which to meet their needs.

Massive Wellington Based Ponzi Scheme


Two weeks ago the Financial Markets Authority (FMA) took action after receiving complaints from a number of investors who were unable to access their investments with Ross Asset Management in Wellington. The FMA called in the receivers and the preliminary report showed that they could only identify a little over ten million dollars of assets, whereas the investors had been advised in their last reports that there were over $400 million of assets. The Serious Fraud Office is now involved. This has the hallmarks of being a classic Ponzi scheme.

What are the Designations?

In the investment and insurance world there are a lot of different designations that advisers use; e.g. RFA, AFA, CFPCM, CLU etc.  What do they mean, and what should you consider before entering a relationship with an adviser?All financial advisers must be registered on the Financial Service Providers Register (www.fspr.govt.nz), with the FMA being responsible for the authorisation process.

Honesty and Trust – The Key to Long Term Investment Relationships

Successful investment advisory relationships rely on trust and the expectation that all parties involved will be open and honest with each other. Two and a half years or so ago, we were contacted by several people who were really concerned about investments that their respective families had made with Auckland based advisers Jacqui and Mike Bradley.

Controlling the Exchange Rate

The new governor of the Reserve Bank of New Zealand (RBNZ), Graeme Wheeler, has just signed a slightly revised policy target agreement. This has a greater focus on financial stability than that of his predecessor, Alan Bollard. Historically the RBNZ had a policy target of controlling the inflation rate within an agreed range.

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