Role for Guardian Trust's AFAs: Barnes
Guardian and Perpetual joined forces last month after Perpetual sold its interests in New Zealand Guardian Trust to Complectus Ltd.
Complectus Limited is a newly incorporated company co-owned by the Milford Active Growth Wholesale Fund and Bath Street Capital Limited, the private investment company owned by Andrew Barnes. Bath Street Capital also owns 100% of Perpetual Trust New Zealand.
According to the Financial Markets Authority’s register of authorised financial advisers, Guardian Trust had 57 before the merger.
Perpetual Trust had just two, which raised questions about the Guardian AFAs’ future.
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