FNZ, a New Zealand-based financial services firm that provides investment platforms to financial institutions and wealth management firms, has obtained $500m in new equity funding.
This capital injection is provided by its long-standing institutional investors who are aligned with FNZ’s strategic goals.
It is expected to bolster FNZ’s long-term business plans, enhancing its focus on delivering services to clients through continuous technological improvements and investments in workforce and infrastructure.
The initiative aims to streamline operations and sharpen FNZ’s strategic objectives for sustained success.
FNZ said that this financial backing indicates investor confidence in the company’s leadership and growth potential, highlighting its role in advancing the wealth management industry.
The funds will aid FNZ in its mission to transform and simplify wealth management through technology.
FNZ group CEO Blythe Masters said: “This new capital will provide the financial strength to support FNZ’s long-term business plan and enduring success with customers. We are focused on enhancing long-term value for all of our stakeholders and inspiring trust as we execute on our refreshed strategy.
“The transformation of global wealth management is only just beginning and I’m passionate about FNZ’s role in empowering people to save and invest for the future. FNZ already offers market-leading technology, and I am excited to continue innovating and transforming wealth management in partnership with our valued customers globally.”
FNZ manages $1.7 trillion in assets, working with over 650 financial institutions and 12,000 wealth managers on behalf of more than 24 million investors.
In December 2024, a new investment platform, IconiQ, was launched by the company through a partnership with Centrepoint Alliance. The latter, an Australian provider of advisory services, collaborated with FNZ to create this platform aimed at improving investment management for financial advisers.
IconiQ comprises two components, which are IconiQ Investment and Super Wrap.
IconiQ Investment is said to offer a comprehensive account with diverse financial options accessible via an intuitive interface. Super Wrap provides a full superannuation experience for advisers and clients, enabling efficient portfolio management through a straightforward and cost-effective system.
