Investment Administration
For client peace of mind and for investment administration purposes, all client's monies and investments are always held through an independent custodial service (as a bare trustee).
NZ DIMS has contracted the independent custodial services of the Apex Group to hold client monies and investments. The Apex Group are New Zealand's leading provider of full outsourced investment administration services for 33 clients with funds under administration in excess of NZ$137billion. This includes asset valuation, unit pricing, accounting, scheme administration and custody services for over 370 investment funds. Apex is a global financial services provider with over 80 offices in 40 countries.
The key benefits of using a custodian and investment administration service include:
At all times clients have full control over their investment strategy and investment portfolio. The portfolio will be managed by NZ DIMS in accordance with the NEWTON ROSS Investment Strategy built to agreed client benchmarks and mandate.
We believe that it is critical that clients have clear visibility and transparency of their investments. This creates confidence and trust in the services we provide. At all times clients can access their funds and make changes to their portfolio if required. Reports are normally provided quarterly but can also be provided more frequently if requested or on demand. Access to regular portfolio information can also be made available on-line.
Neither NZ DIMS nor NEWTON ROSS handle client funds. Investments are either held directly in the clients’ name or on behalf of clients through the appointed independent custodian. Any payments to or from the custodian are made directly to the clients’ designated bank account.
At no stage are any funds held by NEWTON ROSS or NZ DIMS in trust or otherwise. The clients’ ownership of assets is completely segregated from NEWTON ROSS and NZ DIMS.
Should a client wish to move from NZ DIMS they can do so without having to sell down their portfolio. Apex can transfer a client’s portfolio at their instruction to another custodial service or register a different adviser to the portfolio if instructed to do so by the client.
Face to face meetings with clients are normally organized on a six monthly basis (some clients prefer them each quarter or annually). Each quarter clients receive a report which includes a market and economic commentary, portfolio information and a review of any changes made to securities held in the portfolio.
On an annual basis tax statements are prepared to IRD formats.
We also provide interim updates to clients where environmental or market conditions may require. These will normally be provided by email, fax or telephone.
We also arrange an annual review with clients to check on progress and ensure that situational changes are appropriately reflected in their investment plan and investment mandate.
Clients benefit from our buying power. This includes custodial services, managed funds, securities and foreign currency. All transactions in securities are conducted for the client at wholesale prices.
We have a very clear philosophy to deliver the most cost efficient structures and services we can whilst not compromising on the quality that we demand.
