There were some surprises in the Fund Source Fund Manager of the year awards which where handed out in Auckland last night.
Research provider FundSource will be able to deliver its reports direct to retail investors, now that they are classified as financial advice.
Fisher Funds has taken the top prize at this year’s FundSource Fund Manager of the Year awards.
Fundsource has informed its clients that it has entered a new strategic partnership with Research IP to resume qualitative research.
Morningstar has confirmed that it is moving many of its New Zealand operations back to Australia.
News that FundSource has all but closed down its research operations in New Zealand spells bad news for AFAs.
Australian fund researcher Lonsec sees a bright future on this side of the Tasman, after a whistle-stop tour of the North Island received a positive response from advisers.
Australian research house Lonsec is looking to break into the New Zealand market when it launches a web-based portal next month.