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‘The world of investing has changed,’ says Selwyn Pillay, CEO of Sanlam Investments Multi Manager. ‘But we’re ahead of the curve and our business has already adapted to these changes.’ This was one of the key messages Selwyn Pillay shared with Implemented Consulting clients at the first Sanlam Investments Changing Lanes Multi Manager Forum hosted by Sanlam Investments in Johannesburg and Cape Town during May. The forum was established to create a space for intermediaries to focus and engage on new ways of achieving client needs and outcomes by focusing on risk management to construct portfolios. The forum showcases the latest innovation in the multi-management solutions arena.
Listed property specialist Plexus Wealth has launched a second property fund, the Plexus Wealth BCI Flexible Property Income Fund, to provide investors and retirees with a higher income option.
The winds of change blow regularly through the world of wealth management. It is an essential part of an industry dominated by economic trends and market performance. As a result, unsurprisingly, the advice traditionally given by financial advisors has been performance or risk based – or a combination of the two.
In a panel discussion on the state of the South African Market at the 2017 Discovery Financial Planning Summit, moderated by Vusi Thembekwayo, Etienne le Roux, Chief Economist at Rand Merchant Bank (RMB), noted that although some recovery has been predicted in South Africa’s growth (at 1 to 1.5% in 2018), in terms of per capita income growth, it’s going nowhere.
The strongest deterrent against FSP compliance missteps is or should be: