ASB granted a DIMS licence

Monday, 19 October 2015, 9:02 am
Press Release: ASB Bank

Monday, October 19, 2015

ASB granted a DIMS licence

ASB has been granted a Discretionary Investment Management Service (DIMS) licence, effective October 31, 2015, which enables ASB to continue to provide its class DIMS, ASB Portfolio Series.

A DIMS is where a provider makes decisions on buying and selling financial products on behalf of an investor.

Under the Financial Markets Conduct Act, a licence is required to provide DIMS.

ASB General Manager Wealth Jonathan Beale says ASB has been working closely with the Financial Markets Authority during the recent licence application process.

“We are pleased to have been granted the licence, and support the regulator’s move to achieve consistency in the wider market,” Mr Beale says.

ASB Portfolio Series is provided to customers through the ASB Wealth Advisory network.

ends

© Scoop Media

ASB Bank

Helping you get one step ahead.

In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.

ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.

ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.

We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.

Contact ASB Bank

• Info on - Bank Accounts
• Info on - ASB Home Loans
• Info on - ASB Credit Cards
• Link to - Mortgage Calculator
• Info on - Business Banking
• Info on - ASB Kiwisaver
• Link to - ASB Blog
• Info on - Personal Loans