.jpg)
Nikko Asset Management New Zealand (Nikko AM NZ), a fund manager for insurance companies, has received approval to provide personalised financial robo advice.
Nikko AM NZ is the second advisory firm to gain exemption from the Financial Markets Authority.
This means Nikko AM NZ is set to launch an online advice service that will begin this year. Its platform will allow users to set financial goals and provide automated advice, which will be backed up by the company’s domestic and international investment professionals.
The firm’s managing director George Carter said Nikko AM NZ’s basic advice will be free for everyone to access online 24/7.
“This development aligns with our values of innovation and commitment to helping people meet their financial goals, and follows on from our launch of the Nikko AM NZ KiwiSaver Scheme earlier this year, allowing Kiwis to invest directly with us for the first time,” he noted.
Nikko AM NZ also manages investments for corporate superannuation schemes, community and charitable trusts, foundations, financial planners, banks, KiwiSaver Schemes, corporations, other fund managers and retail investors.
