Pāua Wealth Management (“Pāua”) are delighted to welcome FNZ as a strategic minority shareholder in Pāua to support our firm’s future growth ambitions. FNZ is a global leader in financial services and has been an important partner since Pāua’s establishment. FNZ’s investment shows strong confidence in our model and recognises our unrelenting focus on achieving superior long-term outcomes for our clients.
Pāua’s CEO and Co-Founder, Donna Nicolof said “Having worked with FNZ for many years, I know them well and have huge respect for what they have achieved. They are a real New Zealand success story with a significant global foot print, who continue to invest in their platform and growth. I’m truly humbled by their support as we continue to grow and scale our business. Pāua will benefit from access to capital to not only attract the best people but support acquisition opportunities and expand our global network. This is an exciting time in our journey, given the growing number of people seeking independent financial advice as they sell businesses or transition to the next generation.”
FNZ is a global wealth platform provider with US$1.5 trillion in client assets under administration and partners with over 650 financial institutions and over 8,000 wealth management firms. In February this year, FNZ raised US$1.4 billion in new capital from a select group of pre-eminent institutional investors valuing FNZ at over US$20 billion. We are pleased that a strategic partner of this calibre and financial strength has become a shareholder in our firm.
FNZ’s commitment to transparency and independence is closely aligned with Pāua’s independent, conflict-free, advisory model. To this end, it is important to note that FNZ’s investment will not change Pāua’s employee-controlled independent model.
Pāua remains unwavering in our commitment to delivering independent financial advice free from the conflicts of interest that come from commission-based incentive structures and vertically integrated businesses as we believe this independent model delivers superior long-term client outcomes.
Pāua Wealth Management
Pāua is an independent wealth advisory firm, providing wealth management and financial advice services to clients which include high net worth individuals, trusts, family offices and foundations. We work with our clients to create bespoke portfolios specifically tailored to their goals and objectives, risk profile and time horizon.
Pāua was founded by a team of experienced investment professionals with a vision to provide successful New Zealand families with truly independent advice, supported by thorough research and good governance around investment decision-making. Our firm was established with a vision of delivering financial advice the way we believe it should be done, free from the inherent conflicts of interest that exist in the industry, such as those found in commission-based structures and vertically integrated business models, so clients can be confident that we act only in their best interests.
FNZ
FNZ is a global wealth platform provider founded in New Zealand in 2003. The financial services company provides an integrated technology, transaction and custody platform for wealth managers, banks, insurers and asset managers across the globe, and is valued at over US$20 billion. FNZ are opening up wealth for investors by creating modern, digital-first experiences, that emphasise transparency and personalisation for every investor.
Today, FNZ administers more than US$1.5 trillion in client assets under administration. FNZ partners with over 650 financial institutions and 8,000 wealth management firms, enabling over 20 million people across all wealth segments to invest in the things they care the most about, on their own terms.