Why Consilium?

We champion professional financial advice and those who deliver it. One of the ways we do this is through Consilium Wrap.

Consilium provides independent advisers with access to an enterprise level wrap platform, with technology provided by FNZ Limited and custody provided by FNZ Custodians Limited. As one of the largest platform providers globally, FNZ’s primary business model is to work only with institutions, rather than directly with advisory firms. However, Consilium is one of FNZ’s fastest growing wrap platform partners, and the largest in New Zealand supporting independent advisers. We support over 100 different firms managing close to $5.5 billion in assets, a significant growth since the launch of Consilium Wrap in 2015. Working in partnership with FNZ, we are able to provide the services, training and support advisers need to discover the full benefit of the wrap. There are a number of reasons why Consilium has had so much success working with independent advisers.

Customisation: Consilium has delivered many features to the wrap to support independent advisers. These include access to small client DIMS and omnibus charitable trust solutions, unique reports, mobile device compatibility, rebalancing technology, trade pooling, negotiated brokerage and foreign exchange rates, and a term deposit solution with special pricing and accompanying research. In addition, we will be launching a self-select KiwiSaver scheme designed specifically for independent advisers, available on Consilium Wrap. Consilium has worked with FNZ to improve many aspects of the wrap, to ensure the experience is optimised for independent advisers and their clients. This work is continuing in 2021, when Consilium will roll out an improved wrap based on the most recent technology FNZ has deployed globally. An implementation of this technology can cost new FNZ platform providers upwards of $10m NZD. Consilium, through its relationship with FNZ’s global office, has secured this upgrade on behalf of all advisers using Consilium Wrap.

Independence: Consilium began life within an independent advisory firm, and several of the senior managers have owned, run and advised within independent firms. We understand the needs of independent advisers. It is for this reason we put no constraints on what advisers can use in their portfolios, and we work with advisers to add new options at every request. One example has been our successful lobbying to incorporate multi-broker functionality.

Collaboration and service: Consilium consistently advocates for our clients. It’s our job to understand the needs and concerns of the adviser, document these issues and champion improvements. We have driven close to 100 improvements to the Wrap since its launch and further support advisers by offering comprehensive training via a number of channels – in person, over the phone, and through manuals and videos - ensuring advisers and administrators can use Consilium Wrap with confidence and efficiency.

Value added services: In addition to Consilium Wrap, Consilium has developed a wide range of resources to support the running and growing of an advisory practice. These include investment research and due diligence, advice processes and documentation, client engagement, marketing, client communication, compliance, CRM, cashflow modelling and succession planning. Consilium is a great partner when looking to start, grow or transition a business. We are here to help our clients run more successful business.

Find out more at consilium.co.nz