Masterton investment firm Rival Wealth has been accredited with a Class DIMS licence - one of only a limited number of financial services businesses that can offer the service.
The DIMS licence (Discretionary Investment Management Services) is a new regulation which allows client to authorise their provider to make buy and sell decisions on an ongoing basis.
The new licence means the Financial Markets Authority has signalled its confidence in a licensed business making investment decisions on behalf of investors.
Financial adviser and business owner Tim Fairbrother (right) says it feels like a David and Goliath scenario.
"There are 44 businesses in the country that have applied for a DIMS licence and most will be large corporates," Mr Fairbrother said.
