Article written by Mike Heath, InvestNow General Manager – 13th December 2024

Wow, what a way to end 2024.

We’re thrilled to have capped our biggest growth year since the Covid pandemic by officially topping $2 billion held by our customers.

There are two groups of people I want to thank.

The first is our customers. There are more than 30,000 of you establishing and managing your portfolios in managed funds, term deposits and KiwiSaver.

We started in 2017 with a vision to become NZ’s leading and most trusted investment platform, and you don’t need to look very much further than the $2 billion as proof that we are delivering on that goal.

Our mission is to empower Kiwis to actively engage in investing, through sharing our investment expertise, providing a comprehensive range of investment options and continuously looking at ways to remove friction and barriers.

It’s been such a joy to have so many people trust us. Thank you.

The second is the InvestNow team. The ability of our NZ-based team to deliver an outstanding customer experience is down to their expertise and hard work. It’s a privilege to come to work every day with such incredible people.

Highlights from 2024 have been the popularity of our in-house Foundation Series Funds, providing low-cost access to underlying leading U.S. ETFs, and our award-winning KiwiSaver scheme, which has grown 50% this year.

Part of the InvestNow KiwiSaver Scheme growth has been the adoption by financial advisers, who enjoy how we’ve streamlined the transfer process, along with compelling portal and reporting features.

Our KiwiSaver customers have really latched on to the benefit of having multiple investment managers manage their KiwiSaver portfolios. As savvy investors, they totally get the ‘power of and’ benefit, with the buffer/protection against volatility that it can deliver.

Looking forward to 2025, in the first half of the year we will be making some material enhancements to the online experience for our customers, merging the two secure portals into one solution – something that will deliver immediate user benefits.

We are also going to expand the range of Foundation Series Funds with a new global passive ESG fund, a new NASDAQ fund and a new high growth diversified fund.

There will be more to say on all of these, and other updates, as they come to life.

For now, thank you once again for your support of InvestNow. I hope you all have a fantastic Christmas period and I’ll look forward to everything that’s in store for 2025.

Disclaimer:

This information is provided by InvestNow Saving and Investment Service Limited (“InvestNow”). The information and any opinions in this publication are based on sources that InvestNow believes are reliable and accurate. InvestNow, its directors, officers and employees make no representations or warranties of any kind as to the accuracy or completeness of the information contained in this publication and disclaim liability for any loss, damage, cost or expense that may arise from any reliance on the information or any opinions, conclusions or recommendations contained in it, whether that loss or damage is caused by any fault or negligence on the part of InvestNow, or otherwise, except for any statutory liability which cannot be excluded. All opinions and market commentary reflect InvestNow’s judgment on the date of this publication and are subject to change without notice. This disclaimer extends to any entity that may distribute this publication. The information in this publication is not intended to be financial advice for the purposes of the Financial Markets Conduct Act 2013, as amended by the Financial Services Legislation Amendment Act 2019. In particular, in preparing this document, InvestNow did not take into account the investment objectives, financial situation and particular needs of any particular person. Professional investment advice from an appropriately qualified adviser is recommended before making any investment.