Fisher Funds has officially acquired Kiwi Wealth, which brings its client base to more than half a million people and funds under management now exceeds $22 billion - $13 billion of that is in KiwiSaver.
Fisher Funds is now focusing on integrating Kiwi Wealth into the business, chief executive Bruce McLachlan says.
“Our priority is to work closely with Kiwi Wealth to ensure a seamless transition for all clients.
“We now begin to work through a transition period to identify opportunities to grow the value of the combined businesses for the benefit of our clients and their investments,” he says.
The completion also initiates Fisher Funds’ strategic partnership with Kiwibank. Fisher Funds will be partnering with Kiwibank to continue to offer Kiwibank customers access to the Kiwi Wealth range of products and services including KiwiSaver and other wealth products.
Over the next few months, Fisher Funds will work alongside the Kiwi Wealth team to determine a plan to integrate the two business throughout 2023.
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