Predictions that the unit price of the LM First Mortgage Income Fund would be slashed when its long overdue accounts were released have proved correct.

A familiar name cleans up at the annual FundSource Fund Manager of the Year Awards.

An independent valuation of the Mike Pero Mortgages business puts its worth at a fraction of what it was when NZF acquired the business in 2006.

Gareth Morgan Investments, purchased earlier this year by Kiwibank, has appointed a chief investment officer to replace Gareth Morgan.

Wellington investment company Rangatira has appointed two new directors.

Financial advisers looking to invest their clients in alternative investment strategies have a hard job meeting their regulatory requirements for product suitability, a researcher says.

The biggest enemy independent financial advisers face are the banks, Grosvenor Financial Services chief executive Allan Yeo says.