When this biotech engineer met up with WNT Financial’s crack venture capitalism team, it sparked a partnership that could lead to a lifesaving product being put in the hands of doctors worldwide.
By avoiding market forecasts and not making prognostications based on macroeconomic conditions or political changes, the Claremont team is able to focus on something much more predictably profitable – its own proven process.
Cracks are opening up in global economies around the world, with increasing unemployment a bellwether for softening conditions. A tipping point is on the horizon, but central banks remain wary.
Inefficiencies in the back office and clearing systems that the burgeoning ETF market relies on need to be rooted out, but data shows there may be a disconnect between what providers and consumers believe matters.
The government now has two internal reports recommending an overhaul of the industry funding model. Yet they appear destined to sit on the shelf “gathering dust”, with the financial services minister of the opinion that recruiting more advisers will fix the problem.
Advisers now spend a staggering amount on technology in an effort to keep up with efficiency needs and client expectations. Security is still front of mind, but integration is the buzzword for 2024.
The relative lack of adoption in advice isn’t particularly surprising given its volatile nature and the unregulated state of the digital asset sector. But that may be about to change.
The government addressed perceived ambiguity around advice fee deduction from member accounts by pulling out two statements from the bill that essentially duplicated rules that already exist in the sole purpose test.
WNT Ventures was an early adopter into a grant scheme designed to nurture technology and innovation in New Zealand. After ten years, and as it prepares to launch its fourth fund, WNT’s Maria Jose Alvarez reflects on the journey.
Listed asset managers may be undervalued, Morningstar believes, and there are opportunities for well-positioned firms to rebound as the new interest rate cycle takes effect. But the mid- to long-term outlook may be more problematic.
