simplicity funds review

Our investment funds have the same diversified investments as our KiwiSaver funds. An index fund is a type of investment that is established to invest in or track the components of a market index, such as the New Zealand NZX50 (our largest 50 companies) or the Standard & Poor's 500 Index (S&P 500). KiwiSaver is not a Government guaranteed investment; therefore, it is no different from other investments, including bank deposits. However, the percentage of your money invested in the sharemarket depends on the fund and its risk profile - the Conservative Fund has the least money in sharemarket, whereas the Growth Fund invests the most money in the sharemarket. The management fee charged will adjust accordingly based on the total amount invested. With over 3,000 investments in 23 countries, Simplicity funds are fully diversified and 15% of fees go toward supporting New Zealand charities through the Simplicity … While you won't get any tax credit directly from this, the charity donation is unique to KiwiSaver, and we're unaware of any other provider that does something similar. The information on this website does not constitute financial advice in any form. ​Low fees can mean no-frills and email-only, but Simplicity offers phone support and email support. Fidelity Simplicity RMD ... of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating. There were instances of this in 2008, although that generally related to structured products of some kind, and Simplicity does not hold that type of investment. Performance. Long-term index funds are proven to be popular for those setting up a university fund when child is born. We welcome your stories, tips and any feedback via. Fidelity has seven actively managed mutual funds among the 100 largest 401(k) retirement funds, and seven target-date options. Fees are handbrakes to … The manager of offshore investments is Vanguard Asset Management Limited (Vanguard), the world’s second-largest fund manager. With investments funnelled into New Zealand, Australian and international bank deposits, bonds and shares, Simplicity brings a number of passive funds to Kiwis looking for a steady return in the long term without active management. As Vanguard looks after $6 trillion in assets already around the world, Simplicity investments in Vanguard’s own funds to establish the specific portfolio diversification. The most aggressive fund Simplicity offers, with 86% tied up in shares in New Zealand and around the world. Boasting to have the fastest growing KiwiSaver scheme in New Zealand, Simplicity is a not-for-profit company that operates 100% online, so you don’t need to worry about unnecessary costs and commissions. These funds contain a mix of asset classes like bonds and shares: Growth Fund – contains mostly shares, higher risk, and … Simplicity also offers callbacks to new and existing customers, as well as email support. Whether this is good or bad depends on how you feel about charities as a whole. An index fund operates no matter the state of the markets, so as markets overall go up your investment is worth more, and vice versa. November 2016: $8.5m, 277 KiwiSaver members, March 2017: $91m, 3,531 KiwiSaver members, December 2017: $318m 10,258 KiwiSaver members, May 2017: $414m, 13,854 KiwiSaver members, January 2019: $623m, 20,049 KiwiSaver members, July 2019: $950m, 27,098 KiwiSaver members, January 2020: $1.5b, 35,546 KiwiSaver members. According to, Check with your current provider so that you're aware, and follow the. Simplicity Wealth Management manages $717,673.00 and provides investment advisory services for 15 clients (1:15 advisor/client ratio). What I like about these funds is that if the allocation is too conservative or … bank deposits in New Zealand banks), New Zealand Fixed Income (i.e. They do not hold member information on any devices and utilise cloud-based services offered by Amazon Web Services (AWS) to hold their data. Simplicity's ideology is to invest in index funds and deliver investors market returns. Growth Fund +16.37% Balanced Fund +11.54% Conservative Fund +6.33% These are after fees, and before tax. Simplicity started in 2016 and now have 27,000 members with 970 million under management. A market downturn will not impact your ability to withdraw funds from your account. What's important is not to look at the day to day, but the year-on-year return. Your funds are invested in liquid securities that can be realised at 2 days’ notice if necessary. Simplicity charges a very low administration fee of $20 per year, irrespective of how much you have invested. Recent figures are below: Depending on which Simplicity fund you invest in, the movements in New Zealand, Australian and/or overseas share prices will affect the value of your investment. See Fidelity Simplicity RMD Income Fund (FIRNX) mutual fund ratings from all the top fund analysts in one place. While simplicity is one of the pros of these funds, investors still need to stay on top of fees, asset allocation, and the potential risks. Based on the investment mix, the fund is the least aggressive Simplicity investment fund (. The Scheme’s investments would be transferred to another manager. Simplicity manages the New Zealand bonds and shares that they buy for the funds, while the international shares and bonds are managed by Vanguard. If for any reason Simplicity was to run into difficulties, your investments would not be affected. The Guaranteed Income Fund is unique to KiwiSaver funds, and offers a guaranteed income for life for those approaching 65 with a lower fee than other annuity schemes. This works out to be $1 per year for every $1,000 invested. Low fees can mean no frills and email-only, but in 2018 Simplicity started offering phone support. ​. Unlike the slew of fund management companies in New Zealand, Simplicity's investment funds offer a 'set and forget' approach with its passive funds. Simplicity Wealth Management, registered in 2019, is a Registered Investment Advisor (RIA) in 1 state(s) with a licensed staff of 1 advisors. Cheaper and routinely rank extremely high on fund performance tables published by.. Fund +11.54 % Conservative fund +6.33 % These are after fees, and before.! Licensed fund manager reason Simplicity was to run into difficulties, your funds would have the same investments. 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