Web1 day ago · Fund manager Fisher Funds has announced an end to performance fee charging on its KiwiSaver funds, saying its acquisition of Kiwi Wealth had created economies of scale. Last year, Fisher reported performance fee income of $77.2 million for the year to March, in addition to its management fees of Want to read more? It's easy. WebApr 13, 2024 · Fisher gained Kiwi Wealth’s 270,000 members, and says client numbers now stand at more than half a million and funds under management are at $22 billion. Currently Fisher’s KiwiSaver Growth Fund has a performance-based fee based on a hurdle rate of return of OCR+5% per annum.
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WebAug 14, 2024 · 14 Aug, 2024 10:30 PM 6 mins to read Fisher Funds has bought Kiwi Wealth. Photo / NZME Fisher Funds is to buy Kiwi Wealth from state-owned Kiwi … WebDec 8, 2024 · Fisher Funds, which is majority owned by a Taranaki-based philanthropic trust, is now the official owner of Kiwi Wealth, after the $310 million buy-out was … flower world willis lane
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WebAug 2, 2024 · Management fees. Fisher Funds charges a fixed annual management fee for its KiwiSaver schemes based on your fund type, ranging from 0.85% to 0.95% per … WebAug 15, 2024 · Fisher Funds to become second biggest KiwiSaver provider after paying $310 million for Kiwi Wealth. Monday, August 15th 2024, 12:35PM There have been concerns in the industry that Fisher Funds is buying back KiwiSaver default status after losing that position in a government review last year. WebAug 16, 2024 · Through the acquisition Fisher Funds will seek to retain Kiwi Wealth’s default KiwiSaver status, with a formal approval process to be worked through over the transition period. The purchase is also conditional on approval by the Overseas Investment Office due to Fisher Funds being 34% owned by TA Associates based in the US and … flower world washington