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

 


AdviceFirst acquires Goldridge Wealth Management

15 July 2014
For immediate release

AdviceFirst acquires Goldridge Wealth Management

AdviceFirst has today announced that it has acquired the business assets of Goldridge Wealth Management, one of New Zealand’s leading wealth management groups. The sale of the business is effective immediately.

This follows the announcement on 27 May that AdviceFirst entered into a Memorandum of Understanding to manage Roost Mortgage Brokers on behalf of AMP.

Mark Ennis, Chief Executive Officer, of AdviceFirst says: “The acquisition of Goldridge Wealth Management is a great addition to the AdviceFirst ‘family’ of businesses, and bolsters the team to more than 100 across the country. As a business we’ve always been focused on growth and today’s announcement is a further continuation of that direction.

“With the added benefit of the Goldridge advisers joining our team, we see a huge value in being able to provide additional wealth management advice to our customers. The acquisition of the Goldridge business strengthens our capabilities in this space and means we can provide more New Zealanders with a full financial services proposition,” continues Ennis.

“The next few months will see us focus on a transition to combine the best of both businesses and will be communicating with further details during that period,” concludes Ennis.

Since being founded in 2008, AdviceFirst has acquired 18 organisations making it the largest financial advice business of its type in New Zealand.

ENDS

Notes to Editors

AdviceFirst
•AdviceFirst is a successful firm of Financial Advisers who believe New Zealanders deserve quality financial advice to help them stay on track through life
•Formed by four leading financial advice firms in 2008, AdviceFirst has become the largest financial advice business of its type in New Zealand, with branches in Auckland, Wellington, Canterbury, Otago, Waikato, Manawatu and Kapiti
•AdviceFirst focuses on financial planning advice, insurances of all types, KiwiSaver, investments and mortgages
•AdviceFirst’s cornerstone shareholder is AMP, who have operated in NZ for over 160 years

Goldridge Wealth Management

•Goldridge is a 100% privately owned New Zealand financial services and investment planning company

•It was established in 2000 as a joint venture between experienced financial advisers and Tower

•In 2003 the financial advisers, management and external directors bought out Tower’s interest, making Goldridge totally non-aligned to any fund manager or bank.

•Goldridge has in excess of $200 million of funds under advice.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Business Research And Development Up 29 Percent

Computer services and machinery manufacturing firms led the way in an almost 30 percent lift in business spending on research and development (R&D) in 2016, Stats NZ said today. Businesses spent $1.6 billion on R&D in 2016, up $356 million (29 percent) from 2014. More>>

ALSO:

China Shopping: NZ-China FTA Upgrade Agreed Among Slew Of New Deals

New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to the nine-year old free-trade agreement between the two countries. More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news