Media Release – Heartland finds new home for term deposits on InvestNow

Investmentnews.co.nz

March 18 2018

Over 90 per cent of RaboDirect assets representing more than $100 million will transfer to successor direct fund platform, InvestNow, following an agreement inked last October.

Under the deal RaboDirect investors had until the end of the current tax year to agree to the transfer terms or cash out their holdings.

Mike Heath, InvestNow general manager, said with the deadline fast-approaching the vast majority of RaboDirect investors had already committed to the shift.

The move would see InvestNow […]

Date: 3 October 2017

InvestNow acquires RaboDirect’s Managed Funds product line

Wellington-based managed funds platform InvestNow has acquired the Managed Funds product line of RaboDirect, the specialist online savings business of Rabobank New Zealand Limited, following a robust vetting and selection process by Rabobank.

InvestNow founder, Anthony Edmonds, says the RaboDirect Managed Funds acquisition is a massive endorsement of the InvestNow direct-to-consumer fund service, which has grown funds under management to over $100 million since launch in January this year.

“The fact InvestNow has attracted more than $100 million under management in less than […]