Pay your money, take your choice with financial advice
Monday 21 June 2004
Much of the discussion on the financial planning and investment advisory industry concentrates on the way advisers are paid for their services rather than the type of service one gets for one's money.
By The Landlord
Yet, different firms have very different ideas of what clients want and, it must be noted, varying levels of success too.Although much of the marketing stresses the pursuit of out-performance, in reality many retail clients will tolerate poor returns for a long time if they feel comfortable with their adviser.
The simplest method of trading is the "execution only" stockbroker, usually internet based, catering to people who think they know what they are doing.
Returns are up to the client, but data and news feeds are usually provided, for confidence-building purposes if nothing else.
This most basic wealth management service appears to have peaked in popularity in 2000 at the top of the technology boom, when one didn't need any help to succeed.
Read More - Opens in a new window
Commenting is closed
Property News
Return to market form
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
Commercial
NZ proptech start-up scores major investor
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
Mortgages
LVR loosening likely - ANZ
LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.
