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1 year ago

Blue Chip Issue 85

  • Text
  • Financial services
  • Capital
  • Fpi
  • Asset management
  • Investment
  • Stocks
  • Financial planners
  • Financial
  • Global
  • Investments
  • Asset
  • Wealth
  • Planner
  • Portfolio
  • Retirement
  • Hedge
  • Advisors
  • Funds
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 On the money

BLUE CHIP On the money Making waves this quarter Discover the lite side THE LITE SIDE OF RUNNING AN IFA Managing revenue and remuneration is an essential part of every financial advisory practice. Iress understands this and is releasing CommPay Lite, the latest offering in the Xplan product suite. Based on the same technology as its enterprise counterpart CommPay, CommPay Lite is designed for independent financial advice businesses to streamline revenue reconciliation and reporting. CommPay Lite provides advisor-specific reports, policy and transaction searches, revenue tracking and forecasting, allowing financial advisors to spend more time with their clients. Iress Head of Commercial and Client Solutions Shaun Nicholson says, “CommPay Lite is both versatile and functional. The integration with Xplan allows for comprehensive client revenue and business reporting for independent financial advisors and their back-office teams. “It is challenging running a financial services business. Every day, there are more demands on time and money – more data, additional compliance and extra reporting. CommPay Lite is designed to help smaller practices get the most out of their day and their existing Iress software, Xplan, to maximise their business.” CommPay Lite enables advisors to wrap up commission payments quickly and manage revenue easily, buying time to do the things that matter most. For further details, please contact the Iress team: salessa@iress.com Telephone: +27 10 492 1110 SA’S FIRST GLOBAL DFM LAUNCHED BY DISCOVERY Discovery Group recently announced the launch of Cogence, a discretionary fund manager (DFM) seeking to significantly enhance the business of wealth creation in South Africa. Cogence will bring asset allocation views from BlackRock, one of the world’s leading asset managers, together with personalised insights from Vitality to provide investment solutions including model portfolios. This new investment solutions offering will be enhanced by Aladdin Wealth technology, an industry-leading platform from BlackRock which provides portfolio analytics and risk analysis. Adrian Gore, Discovery Group Chief Executive, says the impetus behind entering the DFM space is based on two distinct areas that have been disrupted: “Firstly, investment markets are more sophisticated and complex than ever. At the same time, we’re seeing local investors increasingly looking to invest more globally. For South Africans it’s been hard to do so but with the recent regulatory changes, pension funds and mutual funds are now able to invest up to 45% in offshore assets. This means we can invest nearly half of our retirement savings in offshore assets – that’s powerful. Research and understanding of risks and the opportunities that global markets present is crucial. “Secondly, more than 90% of people in South Africa can’t afford retirement, relying on their family or state and often the elasticity of savings behaviours is more important than investment returns. Cogence is built upon BlackRock’s asset allocation views and has been designed to pair Aladdin Wealth technology with Vitality’s data and analytics to incorporate personalised health and longevity metrics, which essentially maps out every aspect of a financial plan.” Cogence combines Discovery’s investment expertise with BlackRock’s deep knowledge of asset management to help financial advisors try to realise improved investment outcomes for their clients. Through Cogence, financial advisors will also have access to proprietary Aladdin Wealth technology. Gore concludes, “Our combined behavioural science and global investment expertise will support local financial advisors to deliver more timely information, deeper insights and superior service to clients that can ultimately result in an optimal retirement outcome. With lifespans extending, clients need the financial means to retire comfortably and drawdown at a sustainable income level; and most importantly, also the good health to ensure they can enjoy it.”

The power of balance Equilibrium is a discretionary fund manager that brings balance into your financial advice practice. We enable you to do what really matters - spending more time with your clients and building your business. eqinvest.co.za Equilibrium Investment Management (Pty) Ltd (Equilibrium) (Reg. No. 2007/018275/07) is an authorised financial services provider (FSP 32726) and part of Momentum Metropolitan Holdings Limited, rated B-BBEE level 1.

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