KiwiWRAP KiwiSaver Scheme, the adviser-lead scheme developed by Consilium, has surpassed $200 million in funds under management, driven by a surge in advisers using the scheme and an increasing interest in personalised KiwiSaver advice from high-balance investors.
Worried about your KiwiSaver investments with all the negative headlines? Don't let short term noise derail your long term goals. Markets recover and staying invested can make all the difference. Discover why switching funds during downturns might cost you more and how to make smarter decisions.
The average KiwiSaver balance might be slightly more than $33,000, but that hides significant variation within the scheme - and between providers. Data from actuaries MJW released this month shows that in the year to the end of March, Consilium-owned KiwiWRAP had the highest average member balance at $173,300.
In an interview on Newstalk ZB's The Weekend Collective, our Head of Advice, Ben Brinkerhoff, discussed the importance of your KiwiSaver investments.
With KiwiSaver assets now totalling more than $83 billion, the savings scheme provides advisers with a massive opportunity to diversify their revenue streams.
Consilium was excited to launch the new KiwiWRAP KiwiSaver Scheme at the January 2021 Partner Firm conference. In this video, Ben Brinkerhoff, Head of Partner Services and Dayle McDonald, Head of Wrap Solutions talk about the new KiwiWRAP KiwiSaver Scheme in detail and how this innovative self-select scheme can benefit investors and advisers.
NZ Super continues to not meet the financial needs of the retired population, and retirees will have to supplement their budgets regardless of whether they are seeking a no-frills lifestyle or one where they have more choices. That’s the main finding of the latest Retirement Expenditure Guidelines, which were launched today on World Financial Planning Day.
Consilium’s KiwiWRAP KiwiSaver Scheme has cracked the $100 million in funds under management fuelled by transfers of large balances from other schemes. KiwiWRAP’s average portfolio balance has increased from $150,000 to $177,000 in the past year.
The concept of retirement has changed considerably in the last 143 years. In New Zealand, public pensions did not exist until 1898. At the time, of course, many potential pensioners did not make it to age 65, which meant the financial burden on the state was relatively modest. But by the turn of last century, demographic trends began changing, and what was seemingly smart politics in 1898 looks more problematic in 2024.
Sixteen years after its inception, KiwiSaver is now attracting significant new money every year. Consilium Managing Director Scott Alman shares how KiwiSaver will become the most significant part of an adviser’s business within the next 15 years.
We’ve all seen them, advertisements that go something along the lines of, “XYZ Scheme is the highest performing KiwiSaver fund for the last 5 years”. The implication of the advertisement is simple; recent performance is the singular piece of information most important in selecting your KiwiSaver fund. But is it?
Hear from Ben Brinkerhoff, Head of Advice, on how you can amplify the value of your KiwiSaver investments and tailor them to suit your preferences and needs.
Janine Starks, the author of www.moneytips.nz and a financial commentator with expertise in banking, personal finance and funds management, shares on some of the inherent risks of a single manager KiwiSaver. Janine indentifies Consilium’s KiwiWRAP KiwiSaver Scheme as one of the few viable alternatives, particularly for those with larger balances.
KiwiSaver is an important consideration for the future of financial adviser businesses and the ongoing conversations around trail fees help discuss the best way forward for the industry.
What if all the money you need for a good retirement was available via KiwiSaver? To have this sort of financial security, those investors blessed with time need to get only three key KiwiSaver decisions right.
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