NZX welcomes Ocean Partners and Aspiring Wealth Management to the NZX Firm network following the successful completion of the NZX Advising Firm accreditation process.

Both new NZX Firms are South Island based, Ocean Partners in Christchurch and Aspiring Wealth Management in Wanaka. there are now 23 accredited NZX Firms across New Zealand.

An NZX Advising Firm can advise clients about securities listed on any of the markets provided by NZX and bring, underwrite and distribute new issues of securities in any of the markets provided by NZX.

NZX Markets Development Manager, Geoff Brown said, "In recent years there has been a decrease in overall NZX Firm numbers as consolidation has taken place in the industry, with a number of smaller firms merging with larger retail brokers.

“Now we are seeing new firms joining the network with new business models and niche service offerings to companies and investors, we welcome this change in positioning for new NZX firms.”

Aspiring Wealth Management specialises in wealth management and investment advisory services to individual investors and their families. Ocean Partners services are directed to local and international companies that are seeking mergers, acquisitions, divestments or capital raisings in New Zealand.

Tim Howe of Ocean Partners said, “A listing on NZX Markets is a viable growth option for successful New Zealand companies seeking additional expansion capital or access to many of the other benefits that a listing brings. We are excited about our accreditation as an NZX Advising Firm which enables us to assist these companies in coming to market.”

ENDS

For more information please contact: Lucy McFadden NZX Communications