How we ensure your money is secure
You’ve worked hard to get to where you are in life and of course, you want to know your money is held safely.
First of all, it’s important to differentiate between the value of your investments and their security.
Investment markets are volatile and will rise and fall from one day to the next. Some of the things that influence markets include changing interest rates, prospects for global and domestic economic growth and the performance of individual securities.
Your licensed adviser will be able to direct you where to invest your money and consider your investment goals, objectives and willingness to take on investment risk.
We don’t handle your investments or money directly
We don’t handle your investments or money directly. Instead, we use a third party investment administration service called NZX Wealth Technologies Limited.
- NZX Wealth Technologies Limited (NZXWT) is the investment administration service which enables us to electronically manage your investments and provide you with portfolio reports.
- NZX WT Nominees (Superannuation) Limited (NZXWT Nominees) is the custodian which acts as a bare trustee for your investment. NZXWT Nominees has no discretionary powers* in relation to your investments, so it cannot undertake investment transactions without instructions from us.
Although NZXWT Nom (Super) is the registered holder of the investments, you retain the beneficial ownership which means that if Saturn Invest (or NZXWT and NZXWT Nom (Super)) were to get into financial difficulty your investments would still be secure.
Apart from keeping your investment secure, the NZXWT service provides Saturn Invest with access to a wide range of investment options and enables us to manage and report on investment portfolios effectively for you. As a result, you receive a consolidated view of your investments, access to a secure online portal and the convenience of having your investments administered in one place.
*An exception is where NZXWT Nominees is required to undertake transactions to meet its regulatory obligations.