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Fisher Funds partners with Mike Pero

Fisher Funds and Mike Pero Mortgages today announced an agreement for Mike Pero to distribute the Fisher Funds KiwiSaver Scheme.

The deal comes only three months after Mike Pero Mortgages pulled out of its distribution deal with Huljich KiwiSaver, which Fisher Funds recently bought.

Fisher Funds managing director Carmel Fisher said, “This partnership brings together two strong Kiwi brands, leveraging the strengths of each.

“Mike Pero has a powerful distribution network throughout the country with superb client relationships and a reputation for trusted advice.

“The Fisher Funds KiwiSaver Scheme has achieved market leading investment returns and provides an award-winning communications capability. Together, we can provide Mike Pero clients with easy access to our Scheme to build their retirement nest egg.”

Mike Pero Mortgages chief executive Shaun Riley said, “We are delighted to offer our clients direct access to the high performing Fisher Funds KiwiSaver Scheme as we continue to respond to our clients’ desire for a wider range of quality financial services.

“We want to help our clients with the important decisions in their lives, whether they are buying their first home, protecting their assets or planning for their retirement.

“After an extensive search process, we felt Fisher Funds was closely aligned to the principles we consider important and offered the best fit for our client base. They are straight talking, have an excellent track record and focus on delivering the best outcomes for their clients.”

Mike Pero has 42 franchisees throughout New Zealand and their brokers will begin distributing the Fisher Funds KiwiSaver Scheme next week. 

More by Niko Kloeten

Comments and questions
3

Does Mike Pero do this for love? No, so who will pay? The customers. And will the Fisher funds perform so well to justify this extra cost? They might, but over the long run most fund managers under-perform the market precisely because of the money sucked out in charges.

KiwiSaver will be a category 1 product after 1st July and can only be 'distributed' by an Authorised Financial Adviser' an AFA.

It looks like there will only be 2000 AFA's, how incredibly impressive that the 42 franchises and their employees will be amongst them. Not likely!!!

Why do Fisher Funds and Mike Pero have different rules to all other financial advisers?

AFA? I suggest you do more research before you comment next time, QFE's would be a good place to start. Same rules for all!