Private Wealth Services. An overview of the investment services and tailored solutions we offer private investors.

Transcription

1 Private Wealth Services An overview of the investment services and tailored solutions we offer private investors.

2 Contents Welcome to Craigs Investment Partners 1 Our Firm 2 The Research Behind Our Advice 3 Managed Portfolio Service 4 Broking Services 5 Savings Solutions 6 Foreign Pension Transfer Services 6 QuayStreet Asset Management 7 Next Steps 8 2 Private Wealth Services Brochure - 04/15

3 Welcome to Craigs Investment Partners Craigs Investment Partners is a specialist private wealth investment manager. We offer professional investment advice for private investors, along with a broad range of portfolio management, broking services and savings solutions. Our approach is collaborative and personal. We work alongside our clients to guide them through the investment process to develop solutions that best suit their objectives and to manage risk. We have been in the business of providing bespoke investment advice since Craigs Investment Partners is one of New Zealand s leading investment advisory firms with over 120 Investment Advisers in 17 branches located throughout New Zealand. As at the end of January 2015 we have over $9.5 billion of client funds under management. Our firm offers a broad range of investment services through our national network of experienced and qualified Investment Advisers. We have access to major markets and undertake our own research, providing insightful market intelligence on local and overseas markets. Many of our clients invest through our premium service, the Managed Portfolio Service. This takes care of every aspect of investing; developing and managing a portfolio, advising on security selections, broking, cash management, administration and performance and tax reporting. Each client has a dedicated Investment Adviser who provides a personalised investment strategy. Clients in the Managed Portfolio Service also have preferential access to our research. We offer the full suite of traditional transactional broking services. We can buy and sell local and global equities and other tradeable investment products on behalf of clients. We also offer an administration service to simplify the on-going management of your investments and tax reporting. Complementing these services is our range of savings solutions, including KiwiSaver and superannuation as well as Foreign Pension Transfer Services and Funds Management. The cornerstone of our firm is building long-term relationships with our clients, by understanding their needs and providing advice and services that best suit their situation and objectives. I invite you to read this brochure. It provides a short outline of the range of services we offer. If you would like any further information please feel free to talk to one of our Investment Advisers. We look forward to working with you. Frank Aldridge Managing Director 1

4 Our Firm We are one of New Zealand s leading investment advisory and sharebroking firms with 17 branches providing local service to a wide range of clients. Craigs Investment Partners has been a Participant Firm of the New Zealand Stock Exchange since 1984 and has grown to become one of the largest advisory firms in the country. Our Investment Advisers draw on a range of expertise across the firm. We have experienced specialist teams in research, trading, portfolio management, reporting and administration. We bring this knowledge and experience together to deliver expert advice, extensive research and personal service to our clients. Our Clients If you need any assistance with investing, we can help. Our clients include individuals, families, charitable trusts, businesses and community organisations. Whether you are new to investing, perhaps starting a savings plan or already have an existing portfolio, we have services to suit your individual needs. Advice and Research Markets are dynamic and complex. We monitor markets on your behalf, drawing on our expertise to interpret developments, assess opportunities and risks and consider strategies that can protect or enhance your portfolio. We believe informed decision making that is supported by research is the foundation of astute advice. That is why our Investment Advisers are supported by one of the largest research teams in New Zealand. Our research reports are also available to clients. Personal Service We believe in the strength of client relationships and personal contact. Our nationwide network of offices provides our clients with ready access to their Investment Adviser. We work alongside our clients to guide them through the investment process and develop solutions that best suit their financial objectives and risk profile. We offer a range of investment services for our clients. Which service is best for you will depend on how actively you want to be involved in the management of your investments and how comfortable you are with monitoring your portfolio and managing risk. Our core services include our Managed Portfolio Service, Broking Services and Savings Solutions. Quality We recognise how important quality is. Clients can invest with Craigs Investment Partners knowing that, as an NZX Participant Firm with Authorised Financial Adviser (AFA) accredited Investment Advisers, we adhere to strict compliance regulations from both the NZX and New Zealand s financial regulator the Financial Markets Authority (FMA). All our Investment Advisers are either qualified with NZX and AFA accreditations or in the process of qualifying. These credentials give our clients confidence that they are partnering with an Investment Adviser who is knowledgeable and acts within defined professional standards. North Shore Auckland Hamilton New Plymouth Wanganui Kerikeri Whangarei Tauranga Wellington Blenheim Christchurch Rotorua Gisborne Palmerston North Invercargill Dunedin Gore 2 Private Wealth Services Brochure - 04/15

5 The Research Behind Our Advice Our advice is supported by one of the largest research teams in New Zealand. Our Research Approach Our research approach has three elements;» At the highest level is the on-going work we do on developing sound investment strategies and efficient portfolios.» We assess the economy and financial markets to ascertain if there are any tactical positions that should be put in place to either take advantage of market opportunities to access higher potential returns, or to reduce risk.» Complementing this research is analysis from our team of analysts who undertake fundamental research on individual securities, across both equity and fixed income markets. We combine their research on individual securities with our strategy and tactical work to develop model portfolios and recommendations. Extensive Coverage We provide broad research coverage in New Zealand and cover a range of fixed income issuers, over fifty New Zealand listed companies and a large number of Australian and global companies. We also cover a selection of exchange traded funds, investment trusts, closed-end funds and managed funds. We are able to draw on a broad range of research from our associate firms around the world. The firm s investment committee, made up of senior employees, provides guidance on portfolio construction and strategy. Our research team produce reports on shares, fixed income, markets, the economy and portfolio strategy. These research reports are available to clients. Our Investment Advisers are fully briefed on the markets. Our working day starts with a research conference call each morning. Our Investment Advisers from across the country join the call with our research team to discuss markets, companies and any research released that day. We regularly have guests on this call, including company CEOs and Fund Managers. We believe the quality of our research is a key point of difference. Our research underpins the advice we provide clients, who benefit through detailed recommendations and regular research reports. 3

6 Managed Portfolio Service Our Managed Portfolio Service is our premium service. It is suitable for people who are seeking an investment service that takes care of everything from receiving personalised investment advice through to administration and detailed performance and tax reporting. By joining over 7,000 clients who already use our Managed Portfolio Service you will have access to a full range of investment services. Personalised Advice and Portfolio Management As a Managed Portfolio Service client you have a dedicated Investment Adviser who will build a long-term partnership with you and provide personalised advice and service. A key part of this process is the completion of a discovery profile which looks at your current situation and objectives. Your Investment Adviser will complete this with you. This background information is essential to ensure we provide advice that is appropriate for you. Your Investment Adviser will then prepare an Investment Policy Statement that provides guidelines on how your portfolio will be invested. A tailored investment portfolio will be developed that best meets your requirements. It will only be implemented after your Investment Adviser has gone through the portfolio with you and you are comfortable with it. Once in place, your Investment Adviser will monitor your portfolio and provide you with regular portfolio reviews. Advice supported by Research We believe the quality of our research is a key point of difference. Our research underpins the advice we provide clients, who benefit through detailed recommendations and regular research reports. Our research team is one of the largest in New Zealand and provides extensive coverage across all major sectors - New Zealand and Global companies and Fixed Income Issuers. As a Managed Portfolio Service client you will have premium access to all of our research including strategy reports, our monthly investment committee reviews, equities and fixed income research. You will also have access to new equity and fixed income issues. Complete Administration We take care of all administration, including corporate actions, receipt of income from dividends and interest, the paperwork regarding the sale or purchase of securities and tax reporting. While we look after every aspect of the management of your portfolio, you maintain complete control over your investments. Beneficial ownership of all assets remains with you through our custody service, Custodial Services Limited. Custodial Services Limited (CSL) is a wholly owned subsidiary of Craigs Investment Partners Limited. The CSL Board includes two independent Directors. CSL is also subject to an annual independent financial audit and a six monthly controls audit. Complementary Services Our Managed Portfolio Service includes access to our additional services such as broking, cash management and foreign exchange. Clients can also participate in our savings solutions, including KiwiSaver. Your Investment Adviser will be able to provide advice on any services that might be appropriate for you. 4 Private Wealth Services Brochure - 04/15

7 Broking Services We offer a full broking service across New Zealand and international share and bond markets. We have been a sharebroking firm since 1984 and today we continue to have specialised expertise providing direct access to financial markets. We offer full broking capability for New Zealand and international markets, as well as in fixed income. Broking Service Our Broking Service is suitable for clients who want to choose the securities they invest in or be more involved in the running of their portfolio. Your Investment Adviser can provide research and execute buy and sell transactions in equity and fixed income markets. Our Broking Service also includes foreign exchange and cash management. Our cash management service gives you electronic settlement of your equity and fixed income transactions. Income from dividends and interest from the shares and fixed income securities in your portfolio can also be credited to your account. A range of currencies are available and interest is compounded monthly. Your Investment Adviser can offer objective advice on all asset classes including listed and unlisted securities, fixed income, equities, private equity, foreign exchange, exchange traded funds and closed-end funds. As a client, you will also have access to our research and new issues. Investment Administration Service We can combine our Broking Service with our Investment Administration Service for those who want to manage their own portfolio but would like us to take care of the paperwork involved. Our custodian, Custodial Services Limited is a wholly owned subsidiary of Craigs Investment Partners Limited. It manages the administration of your portfolio including corporate actions, receipt of interest and dividends and tax reporting. You can invest through our custodial service with the confidence that it is independently audited and that Craigs Investment Partners operates within the strict compliance regulations set by the NZX and New Zealand s financial regulator the Financial Markets Authority (FMA). 5

8 Savings Solutions We offer a range of solutions to suit all of your short and long term savings goals, allowing you to invest in lump sums or by regular instalments. Your Investment Adviser can help you design a portfolio by selecting a range of securities and funds. mystart This is our most flexible investment plan offering the choice to create and tailor your own portfolio by selecting securities from a range of direct investments or funds. Unlike KiwiSaver or Superannuation, funds in mystart are not locked in. superstart This is our registered superannuation scheme (non-kiwisaver) which is offered principally for the purpose of providing retirement benefits. It offers earlier access to funds than KiwiSaver. kiwistart Select There are many incentives for every eligible New Zealander to consider investing in KiwiSaver. kiwistart Select is our KiwiSaver scheme that offers you the flexibility and choice to create your own portfolio from a range of funds and individual Australasian and Global Shares. You can work with an Investment Adviser to help you through the process of self-selecting your own portfolio to suit your risk profile and investment objectives. kiwistart Defined kiwistart Defined is our KiwiSaver option that offers access to a range of eight diversified funds. It is designed for those clients who are looking for a KiwiSaver scheme with a ready-made portfolio, rather than selecting their own investments. It is also a Portfolio Investment Entity (PIE). This enables the fund to have tax income attributed to you at your Prescribed Investor Rate (PIR). Foreign Pension Transfer Services There may be advantages to transferring your foreign pension to New Zealand. We offer complementary services to help you through the process. UK Transfers Our KiwiSaver and Superannuation schemes are Qualifying Registered Overseas Pension Schemes (QROPS) and are able to receive transfers from UK pension schemes. We offer a transfer service which investigates the benefits and terms of your UK scheme and prepares a summary report. From this report you are able to discuss with your Investment Adviser whether it is worthwhile transferring your UK scheme. Australian Transfers Our Australian Superannuation Transfer Service can help you with transferring your savings. Both of our KiwiSaver schemes are able to receive transfers from Australian superannuation schemes. 6 Private Wealth Services Brochure - 04/15

9 QuayStreet Asset Management QuayStreet Asset Management Limited (QuayStreet) is a specialist funds management firm with a team across Auckland, New Zealand and Sydney, Australia. QuayStreet offers a range of diversified and sector specific investment funds for investors. The QuayStreet specialists seek to deliver superior investment returns for clients by actively managing the funds. QuayStreet is a wholly owned subsidiary of Craigs Investment Partners Limited. The QuayStreet Funds QuayStreet offers a range of ten funds with different risk profiles, designed to meet the individual objectives of investors. Each Fund has a benchmark asset class mix and investment range. These reflect the portion that a Fund should hold in the different asset classes. For more information read the QuayStreet Investment Statement available on QuayStreet Investment Philosophy The QuayStreet investment philosophy is that an actively managed and concentrated selection of investments can provide better returns than market benchmarks. QuayStreet maintains that market inefficiencies do exist, which from time to time result in attractive investment opportunities. Examples of these include:» Short term investment mentality by market participants» An overreliance on broker analyst earnings estimates and faith in company management» A lack of understanding or appreciation of a company s business model» Trading volatility related to specific events e.g. Index changes. QuayStreet targets investments that have good and sustainable underlying business models which are trading at an attractive valuation in relation to their intrinsic value. They do not transact frequently and generally buy securities with the intention of holding them for the long term. A high emphasis is placed on underlying investment fundamentals including:» Quality of company management and corporate governance structure» Evidence of disciplined capital management with appropriate investment hurdles» Industry structure and competitive positioning» Earnings volatility and visibility» Exposure to structural and regulatory change. For further information visit 7

10 Next Steps We can help you with your investments, whether you are getting started or already have a portfolio in place. The best place to start is to talk to an Investment Adviser. For more information on our services and how we can help you, contact your nearest Craigs Investment Partners branch or our Head Office: headoffice@craigsip.com The contact details for our 17 branches can be found in the directory on the back of this brochure. More information on our services is also available on our website, We look forward to working with you. Disclosure Statements and Investment Statements are available on request and free of charge. Please visit for more information. All investments are subject to risk and returns are not guaranteed. The Craigs Investment Partners kiwistart Select and kiwistart Defined Schemes (kiwistart Select and kiwistart Defined) are issued and managed by Craigs Investment Partners Superannuation Management Limited. The New Zealand Guardian Trust Company Limited is the trustee of kiwistart Select and kiwistart Defined. Craigs Investment Partners Limited, and those of its directors who are not also directors of the Manager, are promoters of kiwistart Select and kiwistart Defined. None of The New Zealand Guardian Trust Company Limited, Craigs Investment Partners Superannuation Management Limited, Craigs Investment Partners Limited (or any director of those entities) or any other person, guarantees the performance or returns of kiwistart Select and kiwistart Defined, or the return of capital. Investments made in kiwistart Select and kiwistart Defined are subject to investment and other risks (including those set out in their respective Investment Statement and the prospectus) and are not guaranteed by the manager, the trustee or any other person. The Craigs Investment Partners Superannuation Scheme (superstart ) is issued by The New Zealand Guardian Trust Company Limited and managed by Craigs Investment Partners Superannuation Management Limited. Craigs Investment Partners Limited and each of its directors are promoters of superstart. None of The New Zealand Guardian Trust Company Limited, Craigs Investment Partners Superannuation Management Limited, Craigs Investment Partners Limited (or any director of those entities) or any other person, guarantees the performance or returns of superstart, or the return of capital. Investments made in superstart are subject to investment and other risks (including those set out in its investment statement and prospectus) and are not guaranteed by the issuer, the manager or any other person. In accordance with the Financial Advisers Act 2008 (the Act ) and the Code of Professional Conduct for Authorised Financial Advisers, the Investment Administration Service ( IAS ) and/ or mystart are a class service and anyone receiving these services will not receive a personalised service involving personalised advice as defined by the Act. This means that in providing the IAS and/or mystart we will not consider whether IAS and/or mystart are suitable to your personal circumstances, and will not take into account your financial position, financial needs, financial goals or risk tolerance. You should therefore consider your personal circumstances in determining whether IAS and/or mystart are suitable to you. The QuayStreet information is issued by QuayStreet Asset Management Limited, a wholly owned subsidiary of Craigs Investment Partners Limited. QuayStreet Asset Management Limited is the manager of the QuayStreet Unit Trusts and will receive fees for this role as detailed in the current Investment Statement. Anyone wishing to make an application for units should obtain a copy of the current Investment Statement and consider it before making any decision to invest and complete the application form included in the Investment Statement. Past performance is not a reliable guide to future performance. The value of these investments can go down as well as up and investors may not get back the full amount invested. This information is intended to provide a general overview of the QuayStreet Unit Trusts and is based upon, and derived from sources QuayStreet Asset Management Limited considers reliable. At the date of issue, QuayStreet Asset Management Limited believes this information to be accurate and complete, however QuayStreet Asset Management Limited, Craigs Investment Partners and The New Zealand Guardian Trust Company Limited provide no guarantee or warranty in this respect. QuayStreet Asset Management Limited, Craigs Investment Partners, The New Zealand Guardian Trust Company Limited their respective directors and employees accept no liability for any negligent misstatement, or for the results of any actions taken, or not taken in reliance on this information. This information is not a substitute for professional advice. In preparing this information QuayStreet Asset Management Limited did not take into account the investment objectives, financial situation or particular needs of any particular person. Accordingly, before making any investment decision QuayStreet Asset Management Limited recommends professional assistance from an Authorised Financial Adviser is sought. This information is provided for persons living in New Zealand and is not provided for public dissemination or persons living outside New Zealand. 8 Private Wealth Services Brochure - 04/15

11 9

12 BRANCH DIRECTORY Craigs Investment Partners HEAD OFFICE TAURANGA Craigs Investment Partners House 158 Cameron Road PO Box 13155, Tauranga 3141 KERIKERI Hobson House 14 Hobson Avenue PO Box 841, Kerikeri 0245 Tel: (09) , Fax: (09) TAURANGA Craigs Investment Partners House 158 Cameron Road PO Box 13155, Tauranga 3141 Tel: (07) , Fax: (07) ROTORUA Level 3, 1109 Fenton Street PO Box 1148, Rotorua 3040 Tel: (07) , Fax: (07) WELLINGTON Level 11, Craigs Investment Partners House 36 Customhouse Quay PO Box 10556, Wellington 6143 Tel: (04) , Fax: (04) BLENHEIM 52 Scott Street PO Box 678, Blenheim 7240 Tel: (03) , Fax: (03) WHANGAREI 1 Robert Street PO Box 573, Whangarei 0140 Tel: (09) , Fax: (09) whangarei@craigsip.com NORTH SHORE Level 3, Takapuna Finance Centre 159 Hurstmere Road PO Box 33352, Takapuna 0740 Tel: (09) , Fax: (09) northshore@craigsip.com AUCKLAND Level 32, Vero Centre 48 Shortland Street PO Box 1196, Auckland 1140 Tel: (09) , Fax: (09) auckland@craigsip.com HAMILTON Level 4, PwC Centre Cnr Anglsea and Ward Streets PO Box 1282, Hamilton 3240 Tel: (07) , Fax: (07) hamilton@craigsip.com GISBORNE 75 Childers Road PO Box 153, Gisborne 4040 Tel: (06) , Fax: (06) gisborne@craigsip.com NEW PLYMOUTH First Floor, 9 Young Street PO Box 8011, New Plymouth 4342 Tel: (06) , Fax: (06) newplymouth@craigsip.com WANGANUI 17 Drews Avenue PO Box 63, Wanganui 4541 Tel: (06) , Fax: (06) wanganui@craigsip.com PALMERSTON NORTH First Floor Corner Broadway Avenue & Vivian Street PO Box 1543, Palmerston North 4440 Tel: (06) Fax: (06) palmerstonnorth@craigsip.com CHRISTCHURCH Level 3, Craigs Investment Partners House 76 Victoria Street, Central City PO Box 90, Christchurch 8140 Tel: (03) , Fax: (03) christchurch@craigsip.com DUNEDIN First Floor, Craigs Investment Partners House 330 Moray Place PO Box 5545, Dunedin 9058 Tel: (03) , Fax: (03) dunedin@craigsip.com GORE 120 Main Street PO Box 317, Gore 9740 Tel: (03) , Fax: (03) gore@craigsip.com INVERCARGILL 49 Kelvin Street PO Box 1246, Invercargill 9840 Tel: (03) , Fax: (03) invercargill@craigsip.com FREEPHONE: WEBSITE: Disclosure Statements and Investment Statements are available on request and free of charge. Please visit for more information.