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Andrea Malcolm
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Responsible Investing

Consilium integrates ESG profiler

Thursday 18th of April 2024

The solution which uses FNZ Impact, an ESG solution integrated into FNZ’s wider platform, uses data from multiple ESG data providers to measure and review holdings against six preferences including human rights, climate change, corporate governance and waste to landfill. The solution also has exclusionary filters that prevent unwanted investments connected to fossil fuels, tobacco, gambling and more.

Consilium’s integration of FNZ Impact now provides advisers with one of the most comprehensive ESG profiling solutions available in the New Zealand market, and is the latest enhancement to Consilium Wrap, which gives advisers the flexibility to provide investors with bespoke offerings.

Dayle Engelbrecht, head of wrap solutions at Consilium, says when the firm began working with FNZ to develop Consilium Wrap, the goal was to future-proof the platform for scale and growth.

“Investors are thinking about the social good they can enable, and the harm they can help prevent. The ESG profiler is an important expansion that provides advisers with additional ways to personalise offerings to suit an investor's unique values and ESG goals.”

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@first time caller - I can see the complexity you highlight, but as above, investors should be able to see what they are paying without having to reference multiple documents. Investment admin can track and report deductions for tax, withdrawals, fees et al, would be /should be straightforward to aggregate advice fees into costs at member level... at least I hope so.
18 hours ago Goldcard
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@goldcard - how would you propose that a fund manager calculates the TER to include adviser fees given not all clients pay them and different advisers charge different fees, not to mention some advisors charge different fees to different clients? The advice fee gets disclosed in the adviser's disclosure statement and the statement of advice, so the client can add that to the published TER of the fund they are invested in to see how much they are paying overall.
1 day ago First time caller
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Schedule 4 of the FMCA regs 2014, particularly clauses 2(1) and 53(3) provide the basis for excluding individually charged advice fees from the statutory TER. This was introduced with the best of intentions, but now it is little more than an invisibility cloak for deductions from member accounts.
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