Trust Management starts push into financial advice market

Trust Management has spun off its investment operations into its own separate brand, Trust Investments. It is now eyeing the financial adviser market after two decades of serving only institutional clients.

Trust Management has been supporting for-purpose organisations since 2001, but says its $1.6 billion in assets under management had been “overshadowed” by its property and accounting services for charities, community trusts, and iwi. Now, Trust's ethical funds are available to individual investors through financial advisers and wrap platforms for the first time.

“It became evident that our investment offerings deserved their own spotlight,” head of community engagement Mark Longbottom said.

“The value we were delivering wasn’t always clear to the broader market, especially to investors aligned with our purpose but unfamiliar with our full range of services.”