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1 year ago

Blue Chip Issue 84

  • Text
  • Financial planners
  • Fpi
  • Equilibrium
  • Planning
  • Coaching
  • Investment
  • Financial
  • Financial planning
  • Wealth
  • African
  • Advisor
  • Investments
  • Asset
  • Income
  • Funds
  • Advisors
  • Portfolio
  • Retirement
Blue Chip Journal is a quarterly journal for the financial planning industry and is the official publication of the Financial Planning Institute of Southern Africa NPC (FPI), effective from the January 2020 edition. Blue Chip publishes contributions from FPI and other leading industry figures, covering all aspects of the financial planning industry. Visit Blue Chip Digital: https://bluechipdigital.co.za/

BLUE CHIP BLUE CHIP On

BLUE CHIP BLUE CHIP On the money Making waves this quarter Stakes in boutiques to 100 and beyond NMG BENEFITS EXTENDS INVESTMENT ABILITIES WITH SEQUOIA STAKE Johannesburg-based advisory and intermediary firm NMG Benefits has acquired a stake in boutique discretionary fund manager Sequoia Capital Management as it looks to expand its ability to manage and execute client investments. The deal will see Sequoia founder and director JB Smith joining the NMG executive team to head up asset execution in NMG’s investment consulting business. TO 100 & BEYOND How to make your money last as long as you do The number of people living into their late nineties and early hundreds is growing by the day. The notion that you must retire at 65 is becoming outdated and, more importantly, impractical and even financially hazardous. However, the question remains: How do you provide for yourself should you live to a ripe old age, as is very likely? Irrespective of where you currently are in life – starting out in your career, approaching retirement or already retired – living longer fundamentally challenges the traditional mindset of a retirement date being a line drawn in the sand. To 100 & Beyond provides sound, tried-and-tested advice on how to approach living a longer, financially secure life, including how to invest wisely, generate alternative income streams, handle your tax affairs and plan your estate. Practical, real-life examples make this book an easy-tounderstand, highly accessible tool that can help you to achieve financial Sequoia was founded at the end of 2018 with an initial focus on retail portfolio management and fund management services. This partnership also allows the business a platform to enter the institutional multi-manager space as well. NMG’s South African operation, NMG Benefits, focuses on employee benefits including healthcare consulting, retirement fund consulting and retirement fund administration. JB Smith, Founder of Sequoia freedom so that you, too, can live your best life now and into retirement. Wynand Gouws’ passion is using his extensive experience in investments and retirement planning to coach clients through the maze of complexity and jargon in the financial-planning industry and help them realise their financial aspirations. Gouws has more than 30 years’ experience in the industry and, in addition to being a Certified Financial Planner (CFP®), he also holds an MBA and a post-graduate diploma in Future Studies. Wynand regularly comments on the financial-services industry and has been invited to participate in and write for the print, radio and TV media, as well as a range of online publications. POWER AND INFLUENCE In South Africa, as with most countries, retirement fund assets represent the largest source of invested assets in the country by a significant margin. This puts them in a singularly strong position to drive the shift to investing sustainably and for positive impact. According to the National Treasury, South Africa has slightly over 5 000 active retirement funds that preserve the longterm assets of more than 16-million contributing members and retirees. South African retirement funds account for around 100% of the country’s annual GDP. To date, retirement funds have been able to spend an estimated R4.4-billion in various sustainability initiatives, such as renewable energy and affordable housing projects. Within this context, this year’s Sanlam Benchmark Survey – an annual body of research into the state of retirement funds and retirees in South Africa – has revealed an increased focus on ESG. It is notable that the retirement fund industry manages a significant pool of assets and, therefore, has a large role to play in driving ESG forward. Darryl Moodley, Head: Tailored Investments at Sanlam Corporate says, “As long-term investors, retirement funds are innately exposed to ESG risks and should have strategies in place to address it. Wider than the direct financial impact on their members, retirement funds are custodians of a significant amount of capital, and therefore are influential stakeholders in the determination of economic and strategic policy.” The stewardship responsibility of retirement funds is huge as they can influence policymakers and the companies that they invest in. Funds can certainly exclude some companies that they believe are not up to standard and send a strong signal to the market.

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