InvestNow's parent company sold
The business has been bought for an undisclosed sum by Apex Group, which recently also acquired MMC.
Implemented Investment Holdings is the parent company of Implemented Investment Solutions (IIS) and InvestNow. It is majority owned by founder Anthony Edmonds with interested related to Mint Asset Management founder Rebecca Thomas owning 15% and Russell Investments 15%. The remaining 10% was owned by long-term staff and quality assurance manager Andrew Brockway.
In other similar transactions FNZ acquired Kiwi Group owned Hatch recently.
IIS provides investment services to large global fund managers, enabling them to establish and distribute New Zealand domiciled funds to their investors. Their clients also include some of New Zealand’s most respected investment companies, including specialist investment managers, KiwiSaver providers, adviser groups, and family offices.
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