A is where a provider manages an investor’s portfolio on their behalf and is authorised to make investment decisions in line with authority granted by the investor. Anyone providing a DIMS service in New Zealand must be licensed by the FMA.
In 2022, we surveyed DIMS providers to find out how their governance, policies, processes, systems, and controls are used to meet compliance obligations and mitigate the risk of investor harm. We followed this up over 2023 and 2024 with monitoring of nine licensed DIMS providers.
This report provides insights from our monitoring. It identifies some key risks to investors and sets out how we would like to see these risks managed by those who operate or advise on DIMS.
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