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16-12-2024, 07:31 PM
#101
What’s on going here again? Ah yes, that’s right:
2000
Dorchester Pacific buys Direct Broking for $2.75m
https://www.goodreturns.co.nz/articl...rs-direct.html
2006
DB is sold to ANZ bank for $5.1m
Interesting DB has around 40,000 clients, which I think I read was similar to the number of customers Jarden Direct currently has.
https://www.nzherald.co.nz/business/...7R7QJ5UJSXNFA/
2017
FNZC (now Jarden) buys ANZ Securities (Direct Broking) for an undisclosed amount.
https://www.nzherald.co.nz/business/...YYEQPKW76NGTE/
2021
FNZ purchases Hatch from Kiwi Wealth
https://www.fnz.com/news/fnz-aquires...hare%20markets.
2023
Hatch buys Jarden Direct (basically) with FNZ and Jarden holding shares in the new business.
https://investmentnews.co.nz/investment-news/fnz-to-take-on-direct-role-in-hatch-jarden-regroups-with-wealth-split-looming
Outcome? Combined business can offer more services and take on lower cost providers such as Sharesies?
Either way it’s funny how people always act as if change isn’t the only constant. I think I’ll give them the benefit of doubt for now.
Last edited by huxley; 16-12-2024 at 08:12 PM.
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17-12-2024, 05:25 PM
#102
Junior Member
Just recieved an email reply from Jarden, everthing stays the same with Hatch except the branding...pricing and services stay the same.
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18-12-2024, 02:25 PM
#103
Member
My joint account will apparently transfer.
Last edited by Bev73; 18-12-2024 at 02:27 PM.
Reason: emphasis on joint
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18-12-2024, 05:30 PM
#104
Member
Does anyone have inside information about new pricing for stock buy and sell when operational. All they have said to me is that it will be competitive. It will be good to have one online account to purchase shares in the UK, US, ASX and NZX
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19-12-2024, 08:50 AM
#105
 Originally Posted by huxley
That brings back memories. I worked for Direct Broking and Nigel Wynn (RIP) in the initial iteration and a few subsequent.
The constant that remains to this day, apart from branding, is that the process and cost, of buying and selling shares has not really changed since the late 90's.
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19-12-2024, 09:27 AM
#106
 Originally Posted by blackcap
That brings back memories. I worked for Direct Broking and Nigel Wynn (RIP) in the initial iteration and a few subsequent.
The constant that remains to this day, apart from branding, is that the process and cost, of buying and selling shares has not really changed since the late 90's.
The last time I spoke to Nigel (Charlie - School nickname) Wynn would have been in the early 2000s. He went through high school with my older brother.
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06-01-2025, 09:05 AM
#107
How do you think this process will delay execution of orders.
NZX services will continue to be provided by Jarden as the executing broker for Hatch, with Hatch providing instructions to Jarden on your behalf.
And have any of you done the change over yet and if so do you have any comments, positive or negative.
I am still to decide. ASB is the only alternative but more expensive to trade but we still don't know what Hatch brokerage will settle at.
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07-01-2025, 07:00 AM
#108
 Originally Posted by 777
How do you think this process will delay execution of orders.
NZX services will continue to be provided by Jarden as the executing broker for Hatch, with Hatch providing instructions to Jarden on your behalf.
And have any of you done the change over yet and if so do you have any comments, positive or negative.
I am still to decide. ASB is the only alternative but more expensive to trade but we still don't know what Hatch brokerage will settle at.
Why would it delay execution of order?
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07-01-2025, 01:08 PM
#109
 Originally Posted by blackcap
Why would it delay execution of order?
There are now more hands involved in the process this could potentially take longer , and also there will be more chance of miscommunications occurring ?
Idiomatically, 'too many chefs in the kitchen'?
For clarity, nothing I say is advice....
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07-01-2025, 04:20 PM
#110
 Originally Posted by peat
There are now more hands involved in the process this could potentially take longer , and also there will be more chance of miscommunications occurring ?
Idiomatically, 'too many chefs in the kitchen'?
I don't see more hands involved in the process. All I see is Jarden continuing as is, under the umbrella of Hatch. Ie Hatch own the current Jarden (who have the NZX relationship) and who will continue to execute orders.
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