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

People

rss
People

Stewart group branches out to Wellington

Hawke’s Bay wealth management company Stewart Financial Group has purchased a share in Wellington firm Red Wealth Managers, extending the company’s reach into the capital.

Thursday, July 7th 2016, 6:00AM

The acquisition marks Stewart Group’s first step in establishing offices outside the Hawke's Bay region.

Stewart Group has $350 million of committed funds under management.

Director Nick Stewart said the acquisition would strengthen the firm’s service and reach in the marketplace.

“Our acquisition of Red Wealth Managers is exciting on many levels. Red Wealth Managers has built a strong reputation for providing sound impartial wealth investment advice which is in-line with our business model and ethics. This will not only grow our client base, but also strengthen the depth, knowledge and experience of Stewart Group’s team.

“Stewart Group already has a number of clients in the Capital so we can now provide them with a higher level of face-to-face service from a solid base. Strong relationships are fundamental to our success and Red Wealth Managers’ owner Alan Burns is a long-time friend of our founding principal Don Stewart. Alan has more than 45 years of experience as an adviser and will bring a wealth of knowledge to the business.”

The new entity is registered as Stewart Group Wellington Limited, but will continue to trade under the name Red Wealth Managers until 2017.

The head office of Stewart Group remains in Hastings. Burns will continue as the principle Wellington adviser.

The expansion follows on from the launch last June of Boutique Advisers Alliance (BAA) service. This is an adviser-to- adviser service that offers the efficiencies of Stewart Group’s back-office functionality. There are already seven firms across the North Island using the service.

Tags: financial advisers

« NZHL appoints distribution bossSimon Fisher takes on CEO role »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Slideshow

Tuesday, December 3rd 2024
Launch of Responsible Investment Benchmark Report 2024 Aotearoa NZ
Nationwide

Tuesday, March 4th 2025
Meet the Managers Roadshow
Wellington

Wednesday, March 5th 2025
Meet the Managers Roadshow
Canterbury

Thursday, March 6th 2025
Meet the Managers Roadshow
Auckland

Friday, March 7th 2025
Meet the Managers Roadshow
BOP

MORE»

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