tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, November 1st, 10:39AM

Investments

rss
Latest Headlines

Finance companies focus of conference

This year’s FundSource conference for financial advisers reflects the changing nature of the investment community.

Wednesday, February 16th 2005, 9:59PM

by Philip Macalister

Normally fund managers dominate the conference, but this year it has a strong theme around fixed interest investment and finance companies, plus a presence from the stock exchange.

FundSource business manager Tim Anderson says the involvement of finance companies such as Pacific Retail, shows that this is an area the research house intends to play in.

“It’s a pretty clear indication are in this space,” Anderson says.

He says there is a need for objective research that isn’t one-dimensional in nature.

Pacific Retail head of marketing Mike Frederickson says the company gets a good chunk of its funds flows via the advisory industry (although direct from the public is bigger).

He says the group’s involvement in the conference is the start of a greater involvement with advisers. “This is our opening bid,” he says.

Frederickson says that Pacific Retail has been under the shadow of the PRG group and it wants to come out and show its independence. For instance it decided last year to release its results well before PRG.

He says the company has had some “bad press” which was undeserved.

“We certainly feel it was unwarranted,” he says. “There are sceptics out there and we are happy to prove them wrong. PRG is involved in a session at the conference evaluating finance company balance sheets. Frederickson says someone independent of Pacific Retail will present the session.

For more on the March 18 conference and a programme visit Good Returns’ Diary page 

« Bridgecorp borderline investment grade: Rapid RatingsStrategic posts an improved six-month profit »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Today's Best Bank Rates
Rabobank 5.25  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com