Having purchased the NZ-based Perpetual Portfolio Management and Perpetual Asset Management – unrelated to Australia’s Perpetual – van Eyk has rebranded the two businesses as van Eyk Advice NZ Limited and Blueprint Investment Management Limited respectively.
The move signals the integration of the businesses more fully into the van Eyk network, according to the company’s chief executive Mark Thomas.
“Our valued New Zealand clients and investors stand to benefit from van Eyk’s two-decade dedication to pure research and our commitment and ability to following our ideas through all stages of the investment process: from strategy to product development to tailored, individual investment advice,” Mr Thomas said.
“In an industry that is increasingly concentrated in the hands of a few financial institutions, van Eyk stands out as one of the few non-aligned advice services in both Australia and New Zealand.”
van Eyk expects that both businesses will benefit from the Australia-based company’s research capabilities.
The company’s push into the New Zealand wealth management market follows AMP’s recent acquisition of four NZ financial planning practices, announced in late August.
The AMP-aligned, NZ-based AdviceFirst network acquired retail planning firms John Grogan Insurances Ltd, Advice 4 U, Bob Edwards Insurance and Investments Ltd and Colin Strang Financial Services Ltd, bringing the total number of qualified advisers to 39 across New Zealand.
“AdviceFirst has a commitment to providing the highest quality advice and as a result of these aquisitions, we’re excited to welcome a significant number of new clients and demonstrate our unique value proposition to them,” said AdviceFirst executive chairman Peter Chote.
