Consilium picks up $65 mill mandate

Headquartered in Auckland and servicing clients across New Zealand, this strategic move included $60 million from one custodial platform and $5 million from another platform.

Become Wealth chief executive Joseph Darby said the decision to transition the company’s investment client base to Consilium came as the result of a need to streamline operations after an acquisition which resulted in several investment platforms being operated simultaneously.

"It was important to choose the best long-term partner for us and for our clients. Consilium has invested in platform technology that is responsive and uses global custodial technology provider, FNZ Limited, who has the scale to set us up for the future,” Darby said.

“Our decision to transition was primarily adviser-led, as the advisers in our firm have always appreciated the professional approach of Consilium staff, the ease of making changes on Consilium Wrap compared to alternatives, plus Consilium’s focus on delivering cost efficiencies and other benefits to our clients.