Date: 19TH APRIL 2017
Harbour Asset Management opens direct investment channel with InvestNow
Harbour Asset Management has partnered with online investment platform InvestNow to offer all their retail funds to
Andrew Bascand, Managing Director at Harbour Asset Management, said InvestNow offered the firm an ideal digital solution
for self-directed investors looking to access its funds.
Bascand said some investors were increasingly demanding the ability to transact and control their own portfolio online –
and this demand for choice was a trend the industry could not ignore.
“We recognise that many New Zealanders want choice in how they control their investments. We encourage investors to work
with professional financial advisers if they choose to. But we also see investors across the age spectrum looking for
online nonadvised solutions,” Bascand said. “We’re pleased to be offering those direct investors a great solution via
The innovative service InvestNow launched in January 2017 to provide a range of investors – including retail, wholesale
and offshore-based New Zealanders as well as trusts – direct access to high-quality investment products.
Founded by Anthony Edmonds, head of Wellington-based fund specialist firm Implemented Investment Solutions (IIS),
InvestNow offers clients a cost-effective, seamless way to buy funds online.
Unlike some investment platforms, InvestNow does not charge clients any administration or other hidden fees. Clients
only pay the clearly-disclosed funds management fee, which is charged by the underlying manager.
Using a single, secure online sign-on process, InvestNow clients can also switch between funds on the platform – or
construct a portfolio covering a wide variety of local and global asset classes – with a simple online anti-money
laundering (AML) identification process.
“While not all investors like to go it alone, we believe there is a significant number of them who feel comfortable
buying managed funds themselves but – until InvestNow – have lacked a clean, simple and cost-effective way of accessing
products,” Edmonds said.
“Consumers today expect to be able to buy almost anything themselves online and investments should be no different – in
fact, using the internet to access managed funds is a no-brainer for sophisticated investors.”
“In the past we’ve had limited options for non-advised, digitally savvy investors,” Bascand said. “Importantly, we see
these investors as a new market for us, complementary to those clients who use financial advisers to access our funds.”
Established in 2009, Wellington-based Harbour Asset Management over $3 billion under management in Australasian equities
and New Zealand fixed income, across both retail and wholesale investors. Harbour Asset Management was named Morningstar
Fund Manager of the Year in 2017, 2016 and 2014.
InvestNow provides investors, who know what they want to do, the ability to directly invest in a select range of funds
from both NZ and Global fund managers - namely AMP Capital, Mint Asset Management, Harbour Asset Management, Russell
Investments and Vanguard.
Without the need for a middleman, and our no-advice direct investment service, InvestNow does not charge any
administration or transaction fees. Investors can manage their portfolios, investing in PIE funds and Australian Unit
Trusts, 24/7 – NZ Fixed Interest; Global Fixed Interest; NZ Shares; Global Shares; Cash; and NZ Property funds are
InvestNow provides investment accounts for NZ Individuals, Joint Accounts, Family Trusts and NZ Companies.
As an additional layer of online security, we utilise two-factor-authentication for customers when logging in to their
accounts. We will send the customer a unique Passcode as part of the login process, for which they can select e-mail or
text messaging Harbour Asset Management Harbour Asset Management is a Wellington-based fund manager. Founded in 2009,
they offer a variety of single and multi asset investment options for different types of investors, across Australasian
equities and New Zealand fixed interest. Their clients include large government institutions, corporate superannuation
funds, charities, iwi and AFAs. Harbour Asset Management was named Morningstar Fund Manager of the Year in 2014, 2016