Quicken's New Zealand online business has been scaled back and its management centralised in Sydney.
Quicken CEO Russell Hutchinson announced 'substantial changes" were to be made to the website www.quicken.co.nz.
Hutchinson says Reckon, the company that sells Quicken personal finance software and operates its websites in Australasia, decided to centralise the management of its New Zealand online business to Sydney following a review of all Australasian activity.
Although Hutchinson emphasised the site, which has operated as a portal for a range of services, has been "highly successful" in New Zealand and the decision to move online operations to Sydney "is simply part of Reckon's recent cost rationalisation programme."
The New Zealand site will remain a base for software registration and information, but transactional and data services which have been aggregated under the website, will now be served directly to clients by suppliers.
Quicken is recommending that customers who track shares using its Money Monitor or Market Monitor henceforth use the services of DFMainland for local market information or www.quicken.com.au for Australian and international information. Those who trade shares using Quick Broker will be able to continue trading through DFMainland. Those with international trading account with Quicken will be able to trade Australian and US shares at www.quicken.com.au.
Services provided via the Quicken site by E-Loan, Travel Online and Unity Direct will be available from those individual sites.