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Thread: Jarden Direct

  1. #101
    Senior Member
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    Dec 2014
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    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.

  2. #102
    Junior Member
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    Jul 2013
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    Just recieved an email reply from Jarden, everthing stays the same with Hatch except the branding...pricing and services stay the same.

  3. #103
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    Jul 2020
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    Tauranga
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    My joint account will apparently transfer.
    Last edited by Bev73; 18-12-2024 at 02:27 PM. Reason: emphasis on joint

  4. #104
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    Sep 2007
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    404

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    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

  5. #105
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    Apr 2003
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    Wellington, New Zealand
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    Quote Originally Posted by huxley View Post
    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.
    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.

  6. #106
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    May 2009
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    Quote Originally Posted by blackcap View Post
    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.

  7. #107
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    Feb 2005
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    Auckland, , New Zealand.
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    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.

  8. #108
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    Quote Originally Posted by 777 View Post
    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?

  9. #109
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    Whanganui, New Zealand.
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    Quote Originally Posted by blackcap View Post
    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....

  10. #110
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    Quote Originally Posted by peat View Post
    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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