Glacier International enhances offering via Pictet

Glacier International, a division of Glacier by Sanlam, has announced a new investment choice option on its Global Life Plan.

Clients investing in the Global Life Plan now have the opportunity to include a global share portfolio within the tax effective international endowment. This offering is available through leading Swiss private bank, Pictet & Cie (Pictet). Glacier is the first international platform to offer this service to South Africans.

The new portfolio service includes both execution (for clients who wish to manage their own portfolio) and a discretionary advice service, whereby Pictet will manage the portfolio on the client’s behalf.

The minimum investment amount is USD500 000, presenting a new investment opportunity for high net worth clients wanting to invest offshore.

The Sanlam group has had a relationship with Pictet since 2006, when Sanlam Private Investments (SPI) partnered with the Swiss bank to enhance access to global investments.

Founded in 1805 in Geneva, Pictet is the leading independent asset management specialist in Europe with USD385 billion in assets under management.