Why IDS Limited

Financial advisers make a significant difference to the financial well-being of New Zealanders. It’s a role that is highly rewarding but also brings with it considerable responsibility and regulatory requirements. That is why we set up Independent Development Solutions Ltd (IDS).

IDS helps financial advisers and adviser groups to effectively manage their compliance responsibilities, and importantly, to turn compliance into a tool for best practice and business growth.

Since 2010, IDS has supported over 4,000 advisers with a comprehensive range of compliance services. We offer annual programmes or one-off compliance services for individuals and groups – tailored to your business needs. In 2016, we launched two new services: (1) complaints resolution support – including best practice processes, initial complaints guidance, representational negotiation and independent mediation; and (2) learning and development services – including workshops, adviser learning resources and Continued Professional Development planning and facilitation.

New Zealanders deserve quality financial advice. Financial advisers play a crucial role in providing quality advice. IDS is proud to support the development of the advice industry and the many positive outcomes it delivers.

Barry Read – Managing Director
Barry has worked in the financial services industry for over 25 years. With a background in corporate roles at National Mutual, Norwich Union, Royal & Sun Alliance, AXA, TOWER, and Asteron, Barry is a seasoned expert in how the industry works and the crucial importance of good distribution businesses.

As the General Manager of one of the largest advisory dealer groups, Barry supported over 250 businesses through the regulatory changes, while helping to grow the business as a whole. This gave him a unique view of the impact of the changes on independent advice businesses. Other roles have also included: 11 years with the Institute of Financial Advisers on the Auckland Branch Committee and for the last three years as Chairman and Board representative; and Subject Matter Expert for the industry training body ETITO, helping set the unit standards for the minimum qualifications for Authorised Financial Advisers.

Barry has helped over 1,000 advisers in all areas of both professional and business development. He has presented at every major adviser conference in New Zealand on topics ranging from products, processes, best practices, sales and marketing, and technology. Helping adviser businesses is what Barry does best.

Karen Read – Operations Director
Karen emigrated to New Zealand in 1997 and since then has worked solely working in the financial services industry. In her ten years at TOWER, Karen worked in the Managed Funds and Health & Life divisions, before taking the role of Manager, Distribution Administration Services, in which her key focus was adviser business development and compliance.

In 2009 Karen moved to the non-corporate side of the financial services industry, working for an adviser group preparing financials and ensuring commission payments were correctly allocated. Karen is incredibly passionate about the advice industry, and with experience working in both provider and adviser businesses, has a wealth of knowledge about the industry as a whole.

Vicki Thompson –  Office Manager / Administrator
Vicki joined the IDS Team as Office Administrator and Personal Assistant to Barry Read in July 2012. Vicki has over 16 years’ experience in the insurance and financial services industry, and before joining IDS worked for Sovereign Assurance, Apex Advice Group, AMA Capital Management Limited, and for the Ministry of Finance and Economic Management for the Cook Islands.

Vicki is an invaluable member of the IDS team, committed to exceptional customer service, strong relationships, and supporting advisers in providing a quality service to New Zealanders.

Angi Mann – Adviser Relationship Manager
Angi has worked in financial services for over 20 years in various roles in banks, non-conforming lenders and insurance. In addition to two degrees, Angi holds a Certificate in Adult Education and is a qualified Assessor for New Zealand Unit Standards.  In her role as training facilitator at AMP, Angi was responsible for training new advisers to the industry, and training existing advisers to enable them to achieve the National Certificate of Financial Services.

For the last two years, Angi has been assessing candidates completing the National Certificate of Financial Services, primarily completing assessments for Capstone Standard Set C, as well as working with financial advisers to build robust documents and systems in their adviser businesses. Angi thoroughly enjoys working closely with advisers to assist them in ensuring that their documentation and processes are robust, transparent and client-centric.

Krystle Penhall – Business Analyst/Consultant

Krystle is a highly-experienced auditor and trainer who specialises in funding and business analysis.  Krystle has joined our team as our AML/CFT Consultant to provide independent AML/CFT Audits.

Krystle has worked with New Zealand’s leading childcare provider as a Funding Analyst and has recently completed AML/CFT training with AML Solutions and IDS Ltd.

As a Funding Analyst Krystle supported over 80 centers through internal audits to keep in line with the Ministry of Education’s requirements while providing training workshops for all Centre Administrators, Managers and Business Managers.

Krystle has graduated with a Double Bachelor of Accounting and Finance and will continue to study towards becoming a Chartered Accountant.  Krystle is also completing a Graduate Business Certificate.