Governance & Controls

The Harbour business operates within a framework of strong governance that is overseen by an experienced Board which includes two independent directors. We pride ourselves on our best practice operating systems and procedures when accepting, investing, managing and reporting back to clients. Harbour provides full transparency and independence around the investing and management of clients' money. This is verified by a thorough and independent audit we subject our processes and controls to each year.


Managed Investment Scheme (MIS) License

Harbour is pleased to be granted our MIS License by the FMA. This license is the culmination of coordinated documentation of Harbour’s strong corporate governance and compliance, our experienced investment team, our robust investment process and our operational capability.

Under the Financial Markets Conduct Act managers of registered managed investment schemes, other than restricted schemes, are required to be licensed by the FMA under Part 6 of the Financial Markets Conduct Act 2013. From 30 January 2015, Harbour is licensed to provide the following market service:

  • Manager of a registered scheme (other than a restricted scheme)
  • Class of service; in respect of managed funds (including KiwiSaver, superannuation, workplace savings schemes).

Market Service Licence - Harbour Asset Management


External Controls

  • The appointment of Trustees Executors as our fund administrators
  • Independent Custodians holding clients' investments
  • Independent daily unit pricing of clients' investments
  • All Funds are independently audited and financial statements sent to clients

Internal Controls

  • Harbour Board which includes two independent directors
  • Internal Harbour Audit Committee designed to review and monitor internal controls within the business
  • A robust trading and compliance process implemented via the globally recognised Bloomberg Asset Investment Manager system

How we safeguard client money

Retail Investors

When deciding to invest with a fund manager, financial advisers and their clients need to consider many risk factors. Prospective Investors should start by reading the Product Disclosure Statement (PDS), talking with their advisers, and considering carefully exactly how they want their investments to be managed and safeguarded.

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Wholesale Investors

When deciding to invest with a fund manager, trustees need to consider carefully how the fund manager accepts money, invests the money, and reports on the resultant investments, so they understand how their investments will be managed and safeguarded.

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