Van Eyk Research moves into New Zealand market

van-eyk-research/research-house/chief-executive/

7 December 2009
| By Lucinda Beaman |
image
image
expand image

Australian research house van Eyk Research has signed AMP Financial Service’s New Zealand business as a client in what the group called its first major step into that market.

Van Eyk Research national account manager Luke Fitzgerald will head up the New Zealand operation, a statement from the research house said.

Van Eyk Research chief executive Mark Thomas said the group had watched with interest the emergence of the Kiwi Saver program, as well as the challenges faced by that industry and the move towards more stringent regulation and licensing requirements.

Thomas pointed to the challenges in the provision of advice, including lack of independence and the understanding of risk/reward trade-offs.

In recent decades, financial products have become increasingly complex, technology has changed the way the industry operates and superannuation has been introduced, Thomas said. These factors make a strong case for the provision of independent research in the New Zealand market, he said.

The statement from the group said its Australian business caters for more than 50 per cent of Australian financial advisers, with about $200 billion of funds under advice.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS