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?...

2 months 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 3 weeks ago

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

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND