Former BNZ Private Bank employees Donna Nicolof, Chris Glackin and Belina Teoh have launched independent advisory firm Pāua Wealth Management.
It will provide wealth management services to high net worth individuals, family offices, select not-for-profit foundations and trusts.
The wealth management services include tax, trust and estate planning, family governance and succession, facilitating banking arrangements and philanthropy.
The firm also said it will say no to product commissions or referral fees in favour of a fees-for service approach.
Change for the better
Nicolof, chief executive and founder of Pāua Wealth Management, said: “We believe New Zealand investors deserve truly independent advice and the better outcomes this delivers. We only receive fees agreed to by clients so they can be confident that we act only in their best interests.
“We do not manufacture investment products and our advisers are not incentivised to sell particular products or trade on clients’ portfolios, which can create conflicts of interest. We are motivated by delivering quality advice and superior service.
“We have assembled some of the industry’s most experienced wealth and investment professionals who believe that they can change financial and investment advice for the better.”
