21 December, 2020

Select Wealth Management renews partnership with MMC

MMC, New Zealand’s leading provider of investment administration services to over 100 investment managers, product providers and investment professionals, today announce that Select Wealth Management have renewed their partnership with MMC to provide wealth administration services.

Debbie Tuddenham, Head of Select Wealth Management, says, “It’s clear that MMC are investing in wealth administration services for the future and we’re excited about MMC’s vision and roadmap of future service enhancements and tools. It’s important to us that MMC supports our business growth and future success.” 

Having bought the Aegis business from ASB at the end of last year Vedran Babic, MMC’s CEO, says, “Select Wealth Management’s decision to renew their partnership with MMC is testimony of our team’s efforts in engaging with our Wealth Administration clients to deliver a clear roadmap, implement operational and system efficiencies and improve the investor experience.”

Offering investment administration, portfolio reporting and custodial services, the MMC Wealth Administration service holds, administers and reports on a wide range of local and offshore investments. This delivers a consolidated view of investments and the convenience of having these investments managed in one place. MMC provide Wealth Administration services to over 70 advisory groups across New Zealand.

MMC recently announced the planned launch of their new service offering Digital & Insights. This will equip MMC’s clients to deliver a seamless multi-channel experience to their investors by leveraging powerful digital tools and data insights.

Babic adds, “As the wealth administration competitive landscape is intensifying, there is a growing demand from investors for a more accessible, information-rich investment experience. We are excited to be delivering a competitive edge to our clients and creating a pathway for innovation – finding a way to do it better!”

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For further information, please contact:

Nicola Tait, Chief Client Officer
Email: ntait@mmcnz.co.nz
DDI: 09 557 1484

About MMC

Behind the scenes powering their clients’ success is where MMC are at their happiest.

Since 2005, MMC have provided outsourced investment administration services to the New Zealand investment sector.

Auckland-based MMC now have over 150 staff and administers combined funds of around $90 billion for approximately 100 clients who range from investment managers, to product providers and groups of investment professionals.

 

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