Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Find out how Trustees Executors can help you, whether you are looking for funding from one of the charitable trusts we administer, or are looking to establish a legacy of your own.
We all want a secure financial future for ourselves and those we care about and where you turn for advice is one of the most important decisions you’ll make. Trustees Executors Private Wealth provides a one team approach, a total wealth management service where you can get everything sorted in one place.
Knowing you have taken the right steps to ensure your loved ones are cared for after you're gone is what estate planning is all about.
Talk with one of our Private Wealth experts who will work alongside you to help you make the most of our services.
There are many ways to grow and protect your wealth, and our skill is to help you understand your choices and create and implement a personal wealth strategy to suit your needs. It all starts with a plan.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
We are uniquely placed in the market as the only provider of fund administration, corporate trustee and wealth services in New Zealand.
Expertise you need, service you deserve. As your trusted and independent licensed supervisor, we deliver our regulatory leadership through collaborative partnerships that protect the interests of your investors.
For more than 25-years we have been leading providers of custody, investment accounting and unit pricing services to the managed fund industry.
For more than 25-years we have been leading providers of custody, investment accounting and unit pricing services to the managed fund industry.
Mar 3, 2020
On 31 December 2019 the World Health Organisation announced the outbreak of coronavirus (Covid-19) in Wuhan, China. Initially, there was a relatively calm reaction from global share markets. The Chinese stock market fell 12% in January, but other share markets continued their march higher, in line with their strong performance during 2019, believing the virus and its economic effects to be largely localised to China.
This calm reaction continued into mid-February, even as the virus spread beyond China. Companies and sectors that were likely to be specifically affected by the spread of the virus – tourism, airlines, airports and ports – were sold off, but markets as a whole continued to rise.
On 18 February the calm gave way to an extreme volatility, as the news reported that the number of new cases of coronavirus outside of China exceeded the number of cases within China. For the remainder of February global markets were heavily sold off, with the US market experiencing the quickest correction (fall of more than 10% from a peak) in history. At February month-end, global markets were down 12% from their recent highs.
The New Zealand share market has fallen almost 10% from its high point in mid-February, with Air New Zealand, Sky City, and Port of Tauranga among the hardest hit. On Friday 28 February, New Zealand confirmed its first case of coronavirus.
These are concerning times for investors and there is a significant temptation to react. Before you do we recommend the following:
Additionally, while markets have fallen significantly, they have only fallen back to where they were in October 2019, just five months ago. If we look at the last 10 years we can see the recent decline in a more appropriate perspective. Volatility and short-term negative returns are part of the experience when investing in shares and are the major reason why investors are compensated with attractive returns over the long term.
Overall for those investors in the accumulation phase you should continue to contribute to your portfolio; the shares you are buying are approximately 10% cheaper than they were two weeks ago. Investors who are withdrawing from their portfolios are likely in more conservative portfolios with a meaningful exposure to fixed interest, so their portfolios haven’t fallen as far as the wider equity market. While it is impossible to say how long these negative returns will last or how much further markets will fall, the best course of action is having a plan that suits your circumstances and sticking to it.
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Trustees Executors Limited was established in 1881 and is New Zealand’s first Trustee Company.
We provide a full range of financial and trust solutions to individuals, families and the corporate sector, including estate planning, trustee and investment advisory services.
We are a Licensed Financial Markets Supervisor and a leading provider of specialist Corporate Trustee and back-office fund administration services to some of New Zealand’s largest financial institutions, banks and fund managers.
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