Auckland financier Peter Huljich has admitted a charge of misleading KiwiSaver investors.
Huljich admitted one charge under Section 59 of the Securities Act in Auckland District Court on Tuesday.
HWM Holdings, formerly known as Huljich Wealth Management, admitted two related charges.
The charges were laid by the Financial Markets Authority after offer documents were alleged to have misled investors about the KiwiSaver scheme's performance.
Seven other Securities Act charges against Huljich were dropped after he admitted the charge.
Huljich will be sentenced on December 8.
NZN