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Kernel Invest Pro Review

What is Kernel Lite Invest Pro?

Kernel offers a wide range of investment options for investors with short, medium and long-term time horizons. This includes the Kernel KiwiSaver Plan, savings accounts (including the on-call Notice Saver) and a variety of funds that provide returns over various time frames.

The company charges no platform fees (for investments up to $25,000) and low 0.25% p.a. management fees for core funds. This is significantly lower than the fees charged by InvestNow, Sharesies and Smartshares.

Investors can choose from seventeen local, international and sector-specific funds. This provides diversity for any portfolio. The funds also offer low risk, with all of the core funds investing 98%+ in growth assets (shares and listed property). All funds are registered as PIEs to minimise withholding tax leakage on foreign investments.

What is Kernel Lite Invest Pro’s business model?

Kernel offers low-cost index funds that anticipate New Zealand and overseas sharemarkets rising over time. Investors can choose from seventeen different funds, including core funds that invest 98%+ in shares, NZ commercial property, global green property and infrastructure, plus a hedged version of the Kernel Global 100 Fund.

Kernel charges some of the lowest management fees in New Zealand, with a flat fee of 0.25% p.a. for its core funds (excluding the Thematic funds which include the Global Clean Energy fund and two Kensho funds).

This compares to InvestNow, Flint Wealth, Smartshares, and Sharesies which charge a combination of membership fees and transaction fees. Investors also pay no platform fees when investing under $25,000, and a $5/month fee once the portfolio exceeds $25,000.

What is Kernel Lite Invest Pro’s team?

Kernel has some of the lowest management fees in New Zealand (0.25% p.a for core funds), beating many of the options offered by InvestNow, Flint Wealth, Sharesies and Smartshares. This is even true when comparing only the fund options that Kernel offers (excluding their NZ small and mid cap opportunities fund).

They charge $0/month to access the platform for investments up to $25,000, and then $5/month if and when they exceed $25,000. They offer seventeen local, international and thematic funds, including a Global Clean Energy fund and two Kensho funds.

Their core funds anticipate that New Zealand, overseas and sector-specific markets will rise over time, and are diversified enough to avoid being impacted by one or more individual shares. They also offer an NZ 50 ESG tilted fund and a NZ Green Property fund, as well as a Hedged Global Infrastructure fund.

What is Kernel Lite Invest Pro’s software?

Kernel offers a low-cost index fund platform for long term investors. Investors can choose to invest in one of seventeen local, international, and thematic funds. The fees charged by Kernel are some of the lowest in New Zealand. In addition, investors can also save money in a short-term savings account called the Kernel Cash Plus. All underlying investments are held by a registered New Zealand custodian and are independently insured. Kernel is an excellent option for those looking for a simple, easy-to-use investment solution. However, it may not be suitable for those who want a hands-on fund manager to pick individual shares.

What is Kernel Lite Invest Pro’s customer support?

Kernel aims to provide New Zealand investors with some of the lowest total costs of investing. They charge a low 0.25% management fee on core funds, and $0 platform fees for investments up to $25,000. When you reach $25,000, they charge $5/month. They also offer the option of having dividends reinvested. With seventeen local, international and thematic funds, Kernel offers a good variety of investment options. However, its platform fees are a little higher than some of its peers like InvestNow, Flint Wealth and Sharesies. However, they offer lower fees on their savings accounts (Kernel Save)...which makes them a good option for short-term investors looking for savings accounts.

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