[Weekly Wrap] New firms, new people

Some of you may have missed last week's Wrap which came out on Monday as we had been waiting for news about TNP and Ginger.

Friday, July 4th 2014, 4:23PM

It's here and has some first observations on the group and what it means for advisers. Also there has been quite a bit of discussion around some of the topics raised. [Read on]

Sticking with the new group former Ginger Group boss David Whyte has provided an opinion piece we are running in the Blog section. David doesn't just look at what's happened. He gives some idea about things he would like to see happen with groups in general.

And the third Kepa story tells how the group is already looking to bring on board others, possibly in the home loan and wealth management spaces.

Talking of new things, it was fascinating to see that sharebroker Craig and Co has recruited two big gun managers to set up a new funds management business. Funds management has always seemed like a sensible fit for sharebrokers, especially as there is a need to get away from transactional/brokerage model and for financial planning. With the names it has recruited, and the decision to have it as a standalone business it may well prove to be popular. Find out who is behind the business here.

No week would be complete with something about regulation. This week the topic is AML. We are in the audit mode and there is still quite some uncertainty around what financial planners have to report on in terms of transactions. As we explain here questions have been asked of the FMA. Answers are still to come. Again there are some good comments here too.

The latest people news with appointments at Southern Cross Healthcare, Kepa and Morningstar being the order of the week.

[PROMO] Take a look – some photos from the PAA Professional Development One Day Conferences

A packed schedule was the order of business at the PAA Professional Development One Day Conferences in Christchurch and Auckland last week. The full day events made the most of time with business sessions and advice specific learning for insurance, mortgage and investment advisers, followed by some great Kiwi humour with Jeremy Corbett, valuable networking and of course plenty of entertainment. Click here for photos from both days…

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