Consiliums KiwiWRAP KiwiSaver Scheme Surpasses NZ$100 Million in FUM

Highlights:

• Milestone Achievement: Consilium's KiwiWRAP KiwiSaver Scheme has surpassed NZ$100 million in funds under management, driven by large balance transfers from other schemes.
• Significant Growth: The average portfolio balance within KiwiWRAP has increased from NZ$150,000 to NZ$177,000, with high-balance accounts tripling and several exceeding NZ$1 million.
• Diverse Investment Options: KiwiWRAP offers over 400 investment choices, making it the most diverse KiwiSaver scheme, available exclusively through accredited financial advisers.

Consilium Cracks NZ$100 Million Milestone

Consilium’s KiwiWRAP KiwiSaver Scheme, managed by Consilium NZ Limited (CNL), has achieved a significant milestone, surpassing NZ$100 million in funds under management (FUM). This achievement has been driven by the transfer of large balances from other schemes, reflecting the growing confidence in KiwiWRAP’s tailored investment approach.

Impressive Growth in Client Balances

Over the past year, the average portfolio balance within KiwiWRAP has grown from NZ$150,000 to NZ$177,000, showcasing a strong trend among investors seeking more personalized advice. Consilium’s Managing Director, Scott Alman, highlighted the scheme's success in attracting high-balance clients, with the number of accounts exceeding NZ$500,000 tripling and several surpassing the NZ$1 million mark.

“Our KiwiWRAP Scheme’s rapid growth is a testament to the exceptional work of advisers and the returns investors are achieving,” Alman stated. He emphasized that the scheme’s total FUM has doubled over the past year, and forecasts indicate continued robust growth.

Tailored Investment Choices Drive Success

KiwiWRAP stands out in the market by offering over 400 investment options, the most diverse range among KiwiSaver schemes. This advice-led scheme, available exclusively through accredited financial advisers, allows investors to tailor their portfolios to meet their specific needs.

Alman pointed out that KiwiWRAP's unique position in the market has not only fueled its growth but has also enhanced how advisers engage with clients. “Higher-balance investors are increasingly seeking tailored advice on their KiwiSaver investments, and our scheme provides them with the flexibility and choice they desire,” he said.

As average KiwiSaver balances continue to grow, Consilium anticipates even greater opportunities for advisers to deliver tailored investment advice on a broader scale.

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