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Milford helps advisers tackle performance questions

Friday 6th of November 2026

Milford says it’s working with advisers to provide them information for their clients as its returns slip.

The latest Morningstar report puts Milford’s active growth fund at third-best performing over 10 years, behind Simplicity and Quay Street, respectively.

Milford recorded 9.6% returns per year behind 9.9% for Simplicity and 9.7% for Quay Street.

Milford has traditionally been top of the table but over the past year it has only recorded 3.4% growth compared to 13.6% for AMP.

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Latest Comments
Financial advice complaints down, but still some concerns, FSCL says
@ Albert K - That person should not be called an adviser, because they should not be registered on the FSPR. Calling them a salesperson is an insult to ethical salespeople, and obscures the fact that they are (presumably still) a financial adviser. * Re: the inheritance/trustee case - this is not published on the FSCL site, so the only details are those included above. It doesn't appear to relate to financial advice (as defined in the FMCA), but rather to the duties owed by trustees to beneficiaries (including a duty to invest prudently.) The woman didn't get bad advice, because she received no advice. It was a trustee/beneficiary relationship, not an adviser/client relationship. Or so it seems to me.
17 hours ago Paul Flood
Financial advice complaints down, but still some concerns, FSCL says
@Paul Flood: That person should not be called an adviser, it's a salesman / saleswoman. An adviser should be helping / guiding his/her clients plan according to their goals and objectives. Show clients the risks, pros and cons in the plan. Re: The lady who inherited $75k from her grandfather. Just my personal view, it is not right for the adviser to say she suffered a $110k loss because she did not invest in growth fund. I assume the period is 2016 to 2024. Would the adviser have guaranteed the $110k profit in 2016? What if covid occurs in 2024 instead of 2020? Or there was a war outbreak and the shipping industry was badly crippled in 2024? I stand corrected, I think the adviser probably picked the best performing growth / aggressive fund for the period 2016-2024 to justify his/her advice. Then the question, would the adviser have recommended that same fund in 2016?
1 day ago Albert K
Ideas for reforming KiwiSaver
@Market - what, exactly, do you think happens in financial markets where commissions are regulated out? Do you think that fees and prices for products just go down for clients? Killing commission is a surefire way to guarantee that very few customers can ever access financial advice, and certainly does not reduce costs to clients - after all, adviser commissions are deemed worth it to providers as they represent a lower cost of acquisition than other forms of trying to reach clients.
1 day ago Ross Alexander
Ideas for reforming KiwiSaver
@ Market Commentator - the smart operators are using digital risk profiling, and banking the 20-50bps for the advice. It's Easy Money. Every argument I ever heard in favour of adding KiwiSaver advice to one's bag of tricks boiled down to the following: If you don't do it, someone else will, and they'll take the insurance/lending with them at the same time. So you may as well do it, and get paid. P.S. It'll add value to your business. What I could never get my head around was why adding something so simple should end up costing the client so much, over the lifetime of the investment.
2 days ago Paul Flood
Ideas for reforming KiwiSaver
The great bogey man in the room, which surprisingly has been dodged by everyone talking about KiwiSaver reform, is B2C distribution. I'd guess hundreds of thousands of customers are paying 20 - 50 bps for 'advice' which for many consists of little more than sell X fund and buy Y fund (which pays me more). Many won't even know they are being 'advised'. Surely, a cheaper way to get people in the right KiwiSaver is a digital risk profiler? 20 - 50 bps for life adds up! Financial advice is very valuable, but it is something that can really be delivered for people that have $50K kiwisavers?
2 days ago Market Commentator