The Financial Markets Authority released its annual survey into the public’s attitude to financial markets. The survey highlights that the least understood investment types are those associated with high risk and 80% of respondents aged 18-29 have a KiwiSaver investment.
The rise of robo-advice in wealth management
The concept of “robot-advice”, the use of automation and digital techniques to build and manage portfolios of exchange-traded funds (ETFs) and other instruments for investors, has gained significant attention within the wealth management industry.
Advisory firms law changes look like Aussie model
Smaller advice firms in New Zealand could find the new legislative regime is harder to deal with than they expect if the Australian experience is anything to go by. The Financial Markets Authority has indicated that it will allow the requirements of licensing to be tailored to fit the needs of smaller firms.
