Sold sign goes up on Consilium

Under the deal Consilium will remain its own brand within the FirstCape Group to ensure continuity for Consilium’s existing clients.

"This acquisition aligns with our strategic vision and strengthens our commitment to providing comprehensive wealth and asset management solutions for our clients," FirstCape chief executive Malcolm Jackson says in a statement. "Both Consilium and FirstCape are focused on improving access to financial advice and growing KiwiSaver which were key drivers for the acquisition."

“Consilium is a leading supporter of independent advice and financial services firms in New Zealand, and as the complexities of the financial services sector continue to grow, the acquisition will ensure Consilium is well-placed to grow and expand the services which it currently delivers to both new and existing clients.” he says.

Consilium delivers a range of solutions to financial services firms including Consilium Wrap, Synergy DIMS, the KiwiWRAP KiwiSaver Scheme, the Evidential KiwiSaver Scheme, and Evidential Investment Funds. It also is a big user of the FNZ platform.