Another milestone in the journey to full licensing has been reached after the deadline for advisers to link themselves to a financial advice provider passed last week.

Mindful Money, New Zealand's top ethical investment platform, has added five new funds to its stable of investment options.

Research suggesting that 1.5 million Kiwis are either using or planning to use digital investment platforms comes as no surprise to companies at the forefront of the sector.

Young people dominated the high level of KiwiSaver fund switching during the height of Covid-19 market volatility last year but were less likely to switch if they were with a non-bank provider, KiwiSaver provider data shows.