[Weekly Wrap] A bit of financial planning nostaliga
The first I wanted to mention was NZ Financial Planning hitting the news, NZFP has roots which go back to the start of financial planning in New Zealand and a number of its advisers have been influential figures on the industry. NZFP is cutting its ties with AMP which is interesting as its a move opposite to what seems to be happening out there. It is particularly interesting too in that they plan to build their own administration platform. Read what is happening here.
An additonal twist to the story is that one of its founders Greg Moyle has been the subject of many comments on Good Returns following a court judgment over the handling of a trust where he was adviser and trustee. Some of the discussion has been very useful and it is good to see many readers have downloaded the judgment.
Reading though the comments though it seems he has taken a bit of a hiding from his peers.
The second old-timer bit was the passing of Northplan founder Kelvin Syms. Northplan morphed into Vestar and ended up being sold for a hefty sum back in the days when finance company debentures where hot.
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