Jarden Direct is becoming
Invest Direct

Whether you’re a Invest Direct account holder only, or have both a Hatch and Invest Direct account, we’ll be asking for your consent to move your assets to Hatch. But before that, we’ll ask for your acceptance of new terms of service. This is to agree to Hatch being your new investment provider. 

No. Until we ask for your consent to move your assets, and to agree to new terms and conditions (T&Cs), there’s nothing you need to do. Both your Invest Direct and Hatch accounts will continue to operate separately. In 2025, Invest Direct will become Hatch. We’ll provide you with details on how your trading accounts will combine.

Yes. We will need your permission to move your assets from Jarden Direct to Hatch as you will be accepting new terms and conditions.

No, not initially but eventually yes. Closer to the move we will notify customers with both Hatch and Jarden Direct accounts on how they can access their accounts.

Yes. In 2025, we’re making progress to have the current Invest Direct customers on the expanded Hatch platform.

This is the end of an era for Jarden Direct. The current Jarden Direct platforms will be retired and Hatch will eventually be your new home. While this happens, Invest Direct is your interim platform. You’ll have access to the same markets and cash accounts on Hatch as you have on Invest Direct (and formerly on Jarden Direct). Jarden is a Hatch shareholder, so you’ll continue to benefit from their capital market experience.

As it has always been with Hatch, our pricing will be fair, transparent, and simple to understand.

If you accept the new T&Cs and consent to moving your cash and securities to Hatch (happening in a few months), there’s nothing you’ll need to do.

We’ll take care of everything on your behalf to move:

• Your investments, including any held on CSN and HIN
• Any cash or deposits, which we’ll transfer securely

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No. Your login details will stay the same. Your login and password will be securely transferred to your new Hatch account, and your two-factor authentication (2FA) will stay the same.

This means:

• You’ll be able to use your current phone number to receive an SMS
• You’ll be able to use your authenticator app
• You’ll have access to all your accounts on Hatch with your login

Yes, absolutely. Your personal information will be secure on the Hatch platform. Hatch has the same security measures in place as Jarden Direct. All information is encrypted and we adhere to the latest security practices outlined in cybersecurity guidelines, including by OWASP. We don't collect more information than we need; only what regulators require to comply with AML legislations.

Yes. You’ll have access to all the markets you have now, which are the ASX, NZX, LSE and the US share markets. You’ll be able to continue your trading activities as usual.

Yes.

Yes. Hatch already offers trust accounts, and your joint account, family and/or business accounts will move across from Invest Direct with you.

The default currency for accounts moved from Jarden Direct will be held in NZD. Your wallet will also be able to hold multiple currencies. These include AUD, USD, GBP, EUR, CAD, HKD, JPY, CHF and SGD.

Funds will be held as cash and not held in a money market fund, so they won’t come into FIF tax obligations. You’re only required to pay FIF tax when your investments exceed $50K NZD.

For your NZX shares, there will be both custody and own-name (CSN) trading, which we talk about in the next section. 

On Hatch, you’ll be able to buy and sell shares on the ASX, UK and US markets in a custody offering. For the NZ market, you’ll be able to choose from own-name (CSN) and custody trading.

Hatch will provide custody services to Hatch customers through FNZ Custodians Limited and your custody assets will be held on trust for you by the custodian. This means that you retain full beneficial ownership, including being able to give instructions to transfer out or sell down.

When you move your cash and assets to Hatch custody, we will:

• Manage and safeguard your multi-market transactions and holdings in one secure place
• Inform you of corporate actions, such as dividend payments and stock splits
• Look after your reporting and tax requirements

Yes, as a holder of assets in custody, you'll have the opportunity to engage in various corporate actions such as dividend payments, rights issues, mergers, acquisitions, stock splits, and more. We will notify you of any corporate actions related to your holdings, allowing you to make informed decisions and provide instructions as needed.

The custodian is FNZ Custodians Limited, a part of the FNZ Group. FNZ has over 6,000 employees in over 30 locations. They help support over 24 million end customers, work with more than 650 financial institutions, and have US$1.5 trillion of assets under administration.

Yes. Your assets will be moved securely.

Yes, they are safe. Hatch is required by law to account for and look after any assets that it holds for you.  Neither Hatch nor FNZ can use custody assets for their own benefit. FNZ must keep custody assets separate from their own assets and assets held on behalf of someone else.

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Custodians in New Zealand are required to meet obligations under the Financial Advisers Act 2008. This includes safeguarding your assets by meeting safety and reliability standards. New Zealand’s Financial Markets Authority (FMA) also requires custodians to be audited annually to ensure that robust systems are in place to protect investors’ assets.

‍Learn more about custody here. 

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If you own shares through a custodian, in the unlikely event the custodian gets into financial difficulty, your investing platform would appoint a new custodian. It’s highly unlikely to impact your holdings as a custodian does not merge investors’ assets with their business operations.

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Hatch is a Wellington and New Zealand success story. Hatch was launched by Kiwi Wealth (now Fisher Funds) in September 2018 and was the first digital investing platform to give New Zealanders low-cost, easy access to the US share markets.

Today, Hatch is owned by two New Zealand-founded financial institutions: global wealth management platform, FNZ, and investment and advisory group, Jarden. FNZ acquired Hatch in August 2021, and Hatch joined the FNZ Wellington and Auckland-based teams in December 2021. FNZ acquired the Invest Direct platform in August 2022 as co-owners with Invest of the Hatch Invest NZ Limited company. The Invest Direct team has already moved to Hatch.

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FNZ and Jarden’s relationship goes back 21 years, when FNZ founder and strategic advisor CEO Adrian Durham was a Invest equity analyst. Since 2022, FNZ and Invest set out a plan to bring together Invest Direct and Hatch, under the Hatch brand, which will connect into the FNZ global financial ecosystem, as well as benefit from Invest operating in the NZ market. 

FNZ - another Kiwi success story - has grown into a global financial technology powerhouse. FNZ was founded in Wellington in 2003 by Adrian Durham, whose goal is to ‘enable people to connect directly in a more accessible way with their financial goals and wealth’. In just two decades, he’s built the company into one of the world’s largest end-to-end global wealth management platforms. FNZ provides the backend financial infrastructure that makes platforms like Invest, ANZ, BNZ, Vanguard, UBS, Abrdn, Virgin Money and Barclays - and Hatch - possible. 

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FNZ has a philosophy of ‘global platform, local businesses’, and has more than 5,000 employees across 30 countries. FNZ partners with more than 650 financial institutions and global banks, and 12,000 wealth managers. They have US$1.5 trillion assets under administration, and enable more than 20 million people to manage their money and invest in what matters to them. Discover the FNZ story here.