Select Wealth sticks with MMC

As competition grows in the funds administration space Select Wealth had decided to renew its partnership with Select Wealth Management.

Debbie Tuddenham, Head of Select Wealth Management, says, “It’s clear that MMC are investing in wealth administration services for the future and we’re excited about MMC’s vision and roadmap of future service enhancements and tools. It’s important to us that MMC supports our business growth and future success.” 

MMC bought the Aegis business from ASB at the end of last year and other players including NZX Wealth Technologies are actively looking for clients.

MMC chief executive Verdan Babic says MMC Wealth Administration service holds, administers and reports on a wide range of local and offshore investments. This delivers a consolidated view of investments and the convenience of having these investments managed in one place. MMC provide Wealth Administration services to more than 70 advisory groups across New Zealand.