Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Highland Group attracted to Share structure

Media release August10 2008

Highland Group attracted to Share structure


The Highland Group, one of New Zealand’s largest and most respected financial advisory businesses, is joining Share.

Bronwyn Shanks, General Manager of Share, says The Highland Group is a strong cultural fit in that it is committed to best practice, professional development and acting in the best interests of clients.

“The Highland Group has a heritage of equipping its advisers with the knowledge to grow and protect their clients’ wealth and to grow their own businesses,” Ms Shanks says. “That’s a perfect fit with our ethos of ‘growth through knowledge’.”

Richard Thomas, of The Highland Group, says the corporate structure of Share is market leading and future proofs members at a time when financial advisers face changes to the way they operate.

Share recently launched out of the 15-year-old Apex Financial Services Group, after a far reaching review by industry consultant Darrin Franks in association with the group’s board. Faced with industry consolidation, the increasing use of technology to modernize and manage the business, and changes to regulation that demand transparency and compliance, the review resulted in a new distribution group now called Share.

“Share – growth through knowledge” is being adopted as the new brand by all group members and its name and logo will appear on offices and become part of all members’ business collateral.

The Highland Group established in 1999 becomes Share’s Otago member. Ms Shanks says since news about the group has spread, advisers and groups like The Highland Group have approached Share to examine its structures and the benefits that come with its economies of scale and nationwide brand. Share provides its members valuable tools in areas including technology, education, advice processes and marketing, she says.

Ms Shanks says the financial advisory sector has seen a lot of consolidation in the past couple of years, with a growing interest in NZ firms from large offshore players. The Share model is offering a real option for members to retain New Zealand style independence, yet gain the benefits of operational efficiency and being part of a like-minded group.

“Advisers like what they see and we are in the fortunate position of attracting quality businesses such as The Highland Group.

Ends


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: