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

 

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
More RSS  RSS
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news