Advisers are backing KiwiWRAP KiwiSaver Scheme with their own investments

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.

KiwiWRAP continues to attract investors with higher balances who are seeking tailored advice on their KiwiSaver investments. Over the past year, the number of KiwiWRAP accounts with balances exceeding $1million has nearly doubled, and the scheme’s average portfolio balance has increased from $174,000 to $188,000.

With more than 40 adviser firms nationwide offering the KiwiWRAP KiwiSaver Scheme, the market is signalling growing demand in an adviser-led KiwiSaver solution. Many financial advisers aren’t just recommending the scheme to their clients, they’ve invested their own KiwiSaver balances in it too.

“I’ve got a KiwiWRAP account myself. All our advisers have transferred their KiwiSaver to it,” says Jeremy Simpson, financial adviser at Hamilton Hindin Greene. “It’s the best way to truly understand the scheme .”

That sentiment is echoed across the growing network of accredited adviser firms using the scheme to deliver better outcomes for clients, particularly those with significant balances and more personalised investment needs.

“This isn’t just a generic KiwiSaver scheme that advisers recommend, it’s one they have incorporated into their suite of advice solutions and are personally backing with their own retirement savings,” says Louisa Yandle, CEO of Consilium.

“That speaks volumes about the confidence advisers have in KiwiWRAP’s flexibility, transparency and long term value as part of their business.”

With over 1,000 investors onboard, KiwiWRAP is carving out a niche in the market, giving advisers the tools to offer clients a KiwiSaver solution that aligns with their wider portfolio strategy.

Built exclusively for use through an accredited financial adviser, KiwiWRAP gives clients access to a broad range of investments, from local and international managed funds to direct equities and ETFs, all within a transparent, flexible wrap structure.

“KiwiWRAP has grown by word-of-mouth and trust. Advisers have helped us get to this milestone because they’re proud to offer it,” says Ben Brinkerhoff, Head of Advice at Consilium.