Business Is Boring

Until very recently, if you were wanting to buy shares in American companies like Apple, Facebook, Google or Tesla it is quite amazing how hard it could be.You needed either to be buying an awful lot, so to make sense of the massive fees of using a local bank share-trading service as a broker, or you needed to navigate a confusing and bewildering process to get access to an international broking platform, and then all the tax and hassle around that. It is not recommended. And now, an innovative new platform has started up to solve the problem, offering access to US shares and exchange traded funds with brokerage fees at an order of magnitude under the existing big bank status quo. Which may make it surprising that this start up has come from the same holding company as …a big bank! It’s called Hatch, and is from Kiwi Wealth, the sister company to Kiwi Bank, and is a product of their focus on innovation. Because the big banking sector is ripe for disruption, and big change is coming with open banking already c