Van Eyk Advice eyes expansion
The ratings house has been in the New Zealand market for seven years and purchased the Perpetual Portfolio Management last year, rebranding as Van Eyk Advice.
It has a team of 10 advisers but Mark Thomas said the goal was to get that to 50 or 60 over the next five years or so.
He said the firm wanted to have a deeper relationship with financial advisers, whether that was through providing them research or them becoming part of Van Eyk Advice.
He said: “We’re actively talking to advisers about joining our advice business, engaging us as a consultant or buying research from us.”
Van Eyk was also looking to buy books of business. “Some of our planners’ books are below what we think are economies of scale,” he said. “So we’re looking to build that and looking to attract new advisers as well.”
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