JBWere is a leading wealth manager with a proud history spanning over 180 years. We support New Zealand’s most successful families, companies and not-for-profits to manage and build wealth that last generations. Our purpose is to give clients confidence to do what matters – this drives everything we do. We also care deeply about how we do things, not just what we do, and have four guiding principles for how we work that capture the essence of our culture and values: Excellence for Clients; Grow Together; Be Respectful and Own It. Our advantage in the New Zealand market is our people – our Advisers bring a depth of experience, knowledge and integrity to our clients’ investment needs. Their foresight and extensive research support keeps them ahead of changing markets, helping to grow and protect our clients’ wealth. Why work at JBWere? | He aha mahi i te JBWere? Working with us means joining a team of trusted professionals proud to work at JBWere, where you can be yourself, do your best work, make a difference for clients and the broader community, develop your skills, and progress in your career. JBWere New Zealand uses the JBWere brand under licence from JBWere Limited (JBWere Australia), a subsidiary of NAB. JBWere NZ is not a member of the NAB group of companies, and the NAB group does not guarantee or support the performance of JBWere NZ’s obligations.
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Are you passionate about providing trusted financial advice and building long-term relationships with clients? Then this could be the perfect opportunity. We are looking for a dynamic and experienced Private Wealth Advisor to join our exceptional team! https://lnkd.in/gFqdrHrF
Are you passionate about providing trusted financial advice and building long-term relationships with clients? Then this could be the perfect opportunity. We are looking for a dynamic and experienced Private Wealth Advisor to join our exceptional team! https://lnkd.in/gFqdrHrF
"Turning Tides" The Reserve Bank of New Zealand’s focus finally looks to be shifting from sticky domestic inflation to the weak state of the domestic economy, opening the door to earlier interest rate cuts than the Bank previously signalled. Our JBWere Senior Investment Strategist Phil Borkin shares his thoughts on the outlook for domestic monetary policy and what it could mean for local financial markets. https://lnkd.in/dUfkMZya
Our Head of Philanthropic Services John Morrow recently participated in a panel discussion on impact investing for the Special Interest Not-for-Profit Group (AKL) Chartered Accountants Australia & New Zealand. The session explored the use of impact investing in the New Zealand context. Discussion topics included whether charitable assets could be put to work more effectively for an organisation's mission by aligning investments with a broader impact approach. While New Zealand's impact investing scene is still emerging, we are actively supporting our clients in this area, starting with reviewing their SIPOs to enable impact investment. To learn more please see John's post below:
Last week, I participated in a panel discussion on impact investing for the Special Interest Not-for-Profit Group (AKL) Chartered Accountants Australia & New Zealand. The session explored the use of impact investing in the New Zealand context. We discussed whether charitable assets could be put to work more effectively for the organisation's mission by aligning investments with a broader impact approach. The discussion was informed by the Parry Field legal opinion, which underscores the importance of considering the context and objectives of the trust: ‘Trustees should reflect on the original purpose of the trust and its broader goals, rather than solely focusing on financial returns or capital preservation.’ Fiduciaries face the challenge of balancing financial returns with impact. This tension is particularly evident for local impact investments outside established domains like climate and clean energy or property. As New Zealand’s impact fund managers are primarily first-time managers without significant investment exits, the question arises: Do investors need to sacrifice commercial returns when investing in other impact areas? Clearly, when the desired social impact involves directly supporting communities with wraparound services, establishing a commercial return model becomes more challenging. However, this shouldn't prevent us from exploring other opportunities within an impact investing approach. While New Zealand's impact investing scene is still in its early stages, there's growing interest in the "total impact approach," which considers how an entire balance sheet is invested and managed, not just through grant-making. This approach was recently featured in a Financial Times OpEd. Several notable examples of endowments allocating more to impact investments exist. The Heron Foundation in the US pioneered this approach in 2012, followed by The Nathan Cummings Foundation, which moved all its investments to impact investing. As of 2022, 70% of The Skoll Foundation's portfolio aligned with impact objectives across key areas. In 2023, the Paul Ramsey Foundation in Australia committed its entire endowment to a total impact approach. Earlier this year, the US-based California Endowment Fund followed suit, allocating its entire endowment to mission-aligned investments that focus on expanding access to affordable and quality healthcare. Closer to home, Foundation North and Bay Trust community trusts have established impact investing pools. The emergence of new social impact bonds under the current government's Social Investment Agency is another exciting possibility. The inaugural New Zealand Genesis Youth Social Impact Bond, with a return on investment in the mid-teens and a social impact return of 9x for the government, serves as a positive local example. While New Zealand's impact investing scene is still emerging, we are actively supporting our clients in this area, starting with reviewing their SIPOs to enable impact investment.
Global equity market valuations have risen. Are they a concern? Do they suggest that markets are becoming vulnerable? Or do they just speak to higher investor confidence about future earnings growth? Our Senior Investment Strategist, Phil Borkin delves into this issue and some of the things we think investors should watch.
"Where are we in the Cycle" Where are we in the cycle? It sounds like a relatively innocuous question, but is it that easy to answer right now? JBWere Senior Investment Strategist, Phil Borkin, discusses this question of the economic cycle, why it matters, and what our thoughts are on its implications. https://lnkd.in/g4yyXdkZ
At JBWere, we are dedicated to fostering a culture of diversity, equity and inclusion, and recognise the importance of enabling and championing women. With this in mind, we are thrilled to announce a strategic partnership with Global Women, supporting their commitment to driving increased diversity and pay equity in the workplace.
Global equity markets have performed strongly this year. Yet one of the defining features of this strength, and throughout 2023, has been the ‘narrowness’ of these gains, with just a handful of companies making large contributions to overall market returns. Is this narrowness a concern? Our JBWere Senior Investment Strategist, Phil Borkin, discusses this dynamic of leaders and laggards and some of the interesting questions it raises for investors. https://lnkd.in/gNv8CeFD
"Ready Orr Not” Will they or won’t they? That was the question many were asking ahead of the RBNZ’s February monetary policy decision. At a time when many other central banks are beginning to think about rate cuts, would the RBNZ head on a different path and hike again? Our Senior Investment Strategist, Phil Borkin, discusses his thoughts on the domestic monetary policy outlook and what it could mean for investors. https://lnkd.in/g6_94awp
In this month's update, our Senior Investment Strategist, Phil Borkin discusses the recent Goldilocks conditions for the US economy, why it matters, and whether it can continue. Click here to hear his views https://lnkd.in/gTcDtres