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

 

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news