kōura Wealth KiwiSaver Review (2026)

What is kōura Wealth?

kōura Wealth is a digital-advice KiwiSaver scheme that builds a personalised, multi-fund portfolio for each member based on their salary, life stage and retirement goals, and states expected retirement outcomes upfront. It uses index-based underlying funds. kōura is a relatively new and less-tested scheme compared with the country's longer-established KiwiSaver providers.

What can you invest in?

kōura takes a different approach to most KiwiSaver schemes. Instead of choosing a single "conservative," "balanced" or "growth" fund, members build a personalised portfolio from 10 single-asset-class funds. This includes five Core Growth funds, three Specialty Growth funds (sector specific), and two Core Income funds that chase yield.

They offer three ways to build your KiwiSaver portfolio:

• Digital Advice Tool: recommends a mix based on your goals and risk tolerance.
• Preset Strategies: mixes funds to align with a conservative, balanced, or growth risk level.
• Pick Your Own: choose your own mix from their ten funds. Only limit is that the Bitcoin fund is capped to a 20% weighting.

Fees

Fees are mid-range for an index-based provider, ranging from 0.63% p.a. to 1.10% p.a., plus a $30/year admin fee. This is higher than ultra-low-fee competitors like Simplicity, but paying for the multi-fund personalisation and advice tooling rather than active stock-picking. Members who want extra help can pay for kōura's Navigator Service, an adviser-assisted version of the self-build option.

The bottom line

kōura is a comparatively young and smaller scheme (~$500m under management as of mid-2026), so it doesn't have the long track record of the bigger incumbents. It is best suited to members who want more control over their fund mix or specific thematic exposure (property, clean energy, Bitcoin) than what standard providers offer. It is less suited to anyone wanting the simplicity of a single set-and-forget fund.

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