In providing wealth management advice Kapiti Financial Advice Limited utilises the services of Select Wealth Management which provides access to a wide range of investments. Their investment solutions include administration and consolidated reporting which make it easier to monitor your investments, providing:
- Access to access to multi manager solutions, providing a range of investments and expertise to build diversified portfolios composed principally of government and corporate bonds, equities, and property, which most Kiwis would be comfortable with.
- Investment research through JMI Wealth. JMI Wealth research and monitor fund performance, providing comprehensive quarterly reports, and tax-efficient investment vehicles for each asset type.
- Select also regularly negotiates favourable fund management fees that are rebated 100% to clients’ portfolios.
- Safety. To safeguard your investments, your funds are held in Trust and independent custodian Investment Custodial Services Limited (ICSL) holds them on your behalf as custodian and bare trustee.
This allows our advisers to focus on providing financial advice, ensuring you are invested in assets best suited to achieve your financial goals.
Select Wealth Management is part of Investment Services Group Limited (ISG), which also includes Clarity Funds Management Limited, Devon Funds Management Limited, JMI Wealth Limited, and Tahito Limited.
By utilising the Select Wealth Management platform, we are able to go through our advice process and construct personalised and comprehensive investments solutions for our clients.
Through the platform we are able to make use of Select Wealth Managements’ Benchmark portfolios. These are our preference and are, in-essence, ‘ready-made’ portfolios which utilise the experience of the Select Wealth Management investment team.
These multi-manager portfolios are constructed by JMI to fit particular investor needs, from conservative to high growth. They include Positive Impact and GBP portfolios. The performance of these portfolios is continually monitored by JMI, and adjusted if manager performance or investment circumstances change.
Alternatively, we can custom-build a portfolio if we think that would better suit your needs. The Custom-Built Portfolios are individually tailored by your financial adviser to fit with your outlook, goals and preferences. They include a range of recommended or approved securities offered through Select. In addition, your financial adviser may also utilise a wider range of securities which are not recommended or approved by Select. The securities which are available include cash and cash equivalents, NZ fixed interest, international fixed interest, listed property, Australasian equities, and international equities. They also include AUD, GBP and USD assets.
For both portfolio choices, Select Wealth Management employ the investment research services of sister company JMI Wealth Limited. JMI Wealth constantly monitors performance of the Custom-Built portfolios and actively makes adjustments, where necessary, to ensure clients’ investments are well-positioned.
JMI Wealth is an experienced investment advisory firm dating back to 1989 when Jarden Morgan Investment Services was first established.
The assets in investors’ portfolios are held on their behalf by the Custodian. The Custodian maintains an external trust account in its name, into which it deposits all cash received on behalf of investors. This trust account is a basic Bare Trust arrangement in which investor have the absolute right to the capital and income of their investments.
Investors can apply to withdraw their money at any time. This is administered by a dedicated team of administrators who manage the client portfolios. Investors can make regular withdrawals, or they can withdraw lump sums. The minimum lump-sum withdrawal is $500 or, for regular withdrawals, either $250 per month or $750 per quarter.
Below is a link to a video on Select Wealth Management presented by Andrew Kelleher, a Director at Select Wealth Management:
My role is to select a suitable portfolio for your goals, ensure that you understand what you are invested in, undertake analysis to help ensure your investments meet your goals, monitor and review your portfolio’s performance, and provide oversight of Select Wealth Management and your investments.
I am also there to be my clients’ point of contact with Select Wealth Management. Importantly, I am here to answer any questions you may have.