Forsyth Barr

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Forsyth Barr
Private
IndustryFinancial services
Founded1936
HeadquartersDunedin, New Zealand
Number of locations
25 offices (2023)
Area served
New Zealand
ProductsWealth management, investment advice, sharebroking, institutional research, capital markets services
Total assetsNZ$30 billion+ (client assets advised, 2023)
Websitewww.forsythbarr.co.nz

Forsyth Barr is a New Zealand financial services company and an accredited NZX Market Participant.[1][2] It operates 25 offices nationwide and, as at December 2023, advises on more than NZ$30 billion in client assets.[1][3]

History

Forsyth Barr was established in Dunedin in 1936 and diversified its services over time, with sources noting the introduction of fixed-interest monitoring in the 1970s and the later addition of cash-management, nominee and portfolio-management services; the 1990s also saw the launch of a retirement fund.[4]

The company expanded geographically across New Zealand during these decades and in a subsequent growth phase around 2009–2010.[5][6]

It now operates 25 offices providing investment advisory and portfolio management services covering over $30 billion of clients’ investments.[1][7]

Early history: From foundation to 2010

1936 – Forsyth Barr established in Dunedin by Robert (Peter) Forsyth Barr[8]

1948 – Murray Sidey and Keith Skinner join as partners[9]

1961 – Val Braumann (Forsyth Barr's longest-serving employee) starts as a book-keeper[10]

1972 – Sir Eion Edgar KNZM and Michael Devereaux join as partners[11][12]. Eion was Chairman of Forsyth Barr for 20 years until 2018[13]

1980 – Michael Sidey joins Forsyth Barr

1985 – Forsyth Barr Limited partnership established

1987 – Christchurch office opened with Michael Sidey as Manager[14]

1998 – Neil Paviour-Smith joins Forsyth Barr, becoming the managing director in 2001[15]

2000 – Frater Williams (and it's Hamilton and Tauranga offices) merges with Forsyth Barr[16]

2001 – Leveraged Equities purchased by Forsyth Barr[17]

2009 – Sponsorship of Forsyth Barr Stadium commences[18]

- Munro Hubbard acquired and becomes Forsyth Barr's Timaru office[19]

Recent history: 2010 – 2025

2010 – Esam Cushing acquired, and becomes Forsyth Barr's Hastings office[20]

2011 – Forsyth Barr Stadium opens[21]

2014 – Forsyth Barr Asia opened[22]

2016 – Summer KiwiSaver scheme launched[23]

2018 – David Kirk MBE, appointed Chair of Forsyth Barr Board[24]

2020 – Forsyth Barr and Westpac NZ form strategic wealth management partnership[25]

2021 – Octagon Asset Management launched[26]

2022 – Forsyth Barr and Barrenjoey form Strategic Alliance[27]

2023 – Hobson Wealth acquired by Forsyth Barr[28]

- Tempo, New Zealand's first guided investment app launched[29]

Offices

As at December 2023, Forsyth Barr operated 25 offices across New Zealand.[1][30]

The network expanded in 2009–2010, with new offices in Whangārei and Auckland's North Shore,[31] followed by Queenstown in April 2010; during that period the firm also added branches in Cambridge, Ashburton, Timaru and New Plymouth.[32]

More recently, Forsyth Barr opened a Central Otago office in Wānaka in February 2020 following the acquisition of Aspiring Wealth Management,[33] established a Masterton office in 2021,[34] and opened in Marlborough (Blenheim) in 2023.[35]

Forsyth Barr Stadium

In 2009, Forsyth Barr secured the naming rights for Dunedin's covered stadium, which became known as Forsyth Barr Stadium.[36] The stadium was officially opened in August 2011.[37]

Memberships

Forsyth Barr is a Foundation Firm and accredited Market Participant of the New Zealand Exchange Limited (NZX).[38]

References

  1. ↑ 1.0 1.1 1.2 1.3 "Forsyth Barr snaps up funds manager Hobson Wealth". RNZ. 5 December 2023.
  2. ↑ "Market Participants". NZX.
  3. ↑ "Forsyth Barr buys Hobson Wealth to create $30b in funds under advice". Good Returns. 5 December 2023.
  4. ↑ "Much upheaval seen in 60 years with stockbroker". Otago Daily Times.
  5. ↑ "Forsyth Barr expands its reach". Otago Daily Times.
  6. ↑ "Forsyth Barr opens in Queenstown". Otago Daily Times.
  7. ↑ "Forsyth Barr buys Hobson Wealth to create $30b in funds under advice". Good Returns.
  8. ↑ "Robert Forsyth Barr - QSM". Business Hall of Fame.
  9. ↑ "Desk back at Forsyth Barr". Otago Daily Times.
  10. ↑ "Much upheaval seen in 60 years with stockbroker". Otago Daily Times Online News. 2021-04-10.
  11. ↑ "Return to its roots for NZX". Otago Daily Times Online News. 2019-03-30.
  12. ↑ "Managers buy in to broking firm - Good Returns". www.goodreturns.co.nz.
  13. ↑ "Edgar calls time on chairmanship at Forsyth Barr". Otago Daily Times Online News. 2018-03-08.
  14. ↑ "Otago brokers to set up in Chch". The Press. 9 March 1987.
  15. ↑ "People: Neil Paviour-Smith - Good Returns". www.goodreturns.co.nz.
  16. ↑ "Regional brokers tie the knot - Good Returns". www.goodreturns.co.nz.
  17. ↑ "Gearing shares for good returns - Good Returns". www.goodreturns.co.nz.
  18. ↑ "Dunedin company Forsyth Barr puts name to stadium". Otago Daily Times Online News. 2009-02-02.
  19. ↑ "Departing brokers leave locals to flourish". NZ Herald.
  20. ↑ Parker, Tamsyn. "Forsyth Barr takes up half of broking business". NZ Herald.
  21. ↑ "Dunedin company Forsyth Barr puts name to stadium". Otago Daily Times. 2 February 2009.
  22. ↑ "FORSYTH BARR ASIA LIMITED - Hong Kong Company". hongkong-corp.com.
  23. ↑ "Hawes and Forsyth Barr launch 'Summer' KiwiSaver - Good Returns". www.goodreturns.co.nz.
  24. ↑ "Edgar retires as Forsyth Barr chairman". Otago Daily Times Online News. 2018-03-07.
  25. ↑ "Westpac NZ and Forsyth Barr confirm strategic wealth management partnership".
  26. ↑ "Forsyth Barr sets up independent operation". Otago Daily Times Online News. 2021-12-01.
  27. ↑ "Forsyth Barr and Barrenjoey form Strategic Alliance". Forsyth Barr Investment Services.
  28. ↑ "Forsyth Barr buys Hobson Wealth to create $30b in funds under advice - Good Returns". www.goodreturns.co.nz.
  29. ↑ "Forsyth Barr launches new investment app that also gives financial advice". RNZ. 2023-08-14.
  30. ↑ "Forsyth Barr buys Hobson Wealth to create $30b in funds under advice". Good Returns. 5 December 2023.
  31. ↑ "Forsyth Barr expands its reach". Otago Daily Times. 5 August 2009.
  32. ↑ "Forsyth Barr opens in Queenstown". Otago Daily Times. 15 April 2010.
  33. ↑ "Forsyth Barr opens Wānaka branch following acquisition of Aspiring Wealth Management" (Press release). Wright Communications. 5 February 2020.
  34. ↑ "Former golf pro now putting his energy into investment". Otago Daily Times. 2 June 2021.
  35. ↑ "Business After 5 event with Forsyth Barr Marlborough". Marlborough Chamber of Commerce. 13 June 2024.
  36. ↑ "Dunedin company Forsyth Barr puts name to stadium". Otago Daily Times. 2 February 2009.
  37. ↑ "Forsyth Barr Stadium officially opened". Otago Daily Times. 5 August 2011.
  38. ↑ "NZX, New Zealand's Exchange - Nzx Participants, All Market Participants". www.nzx.com.

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