You approach life in your own way. Why not do the same with your wealth? Let your goals and ambitions take centre stage with a bespoke wealth solution from Sanlam Private Wealth. We answer some of the most frequently asked questions about the benefits of customisation.
As a private client, you’ll, in most cases, need a bespoke wealth plan designed specifically for you and your family. What does a customised wealth strategy include?
A bespoke wealth plan is essentially an end-to-end solution, which could include anything from investment portfolio customisation to global estate planning, cross-geographical tax structuring, and a strategy to ensure the orderly transfer and preservation of your wealth for future generations.
At Sanlam Private Wealth, we’ll work closely with you to craft customised, integrated wealth solutions, starting with an investment portfolio designed around your risk profile and investment objectives. Whether you wish to grow and preserve your overall wealth, invest for retirement, safeguard your income after retirement, invest offshore, or invest in a Shariah-compliant portfolio, we’ll customise your portfolio as part of your overall wealth plan.
How does a bespoke private client portfolio differ from a collective investment scheme, also known as a unit trust fund?
The main benefits of a customised portfolio include:
· Your investment portfolio is tailored – your individual circumstances guide the management of your personal portfolio. In contrast, a unit trust is a pooled investment vehicle where investors buy units in a pool of assets managed by a fund manager.
· You have direct ownership of the assets in your portfolios – this allows for complete transparency and greater flexibility.
· You enjoy personal service, with direct access to the investment professional who manages your investments – you don’t have to deal with a private banker, relationship manager, or call centre agent.
· You can choose the extent to which you wish to participate in the day-to-day management of your affairs.
· Whereas a unit trust tends to have rigid mandates that the fund manager must adhere to, your private client portfolio manager is subject to fewer restrictions, which gives them the ability to invest in line with their best investment views.
While you may prefer a customised portfolio with a traditional investment strategy focused on equities, fixed income and cash, we can also give you access to alternative asset classes such as hedge funds, private equity and private credit.
Why is global estate planning so important?
Estate planning is a crucial part of ensuring the smooth transfer of your wealth to the next generation. It’s a highly complex area of expertise, so it’s paramount to obtain expert advice. This becomes even more important if you have offshore assets or if your beneficiaries live in another country.
Proper estate planning can provide an excellent opportunity to restructure your wealth through, for example, local and offshore trusts. The Sanlam Private Wealth fiduciary and tax experts can assist you in setting up and managing local and offshore trusts, and with global tax structuring, estate planning, and tax compliance services.
For further information, visit www.sanlamprivatewealth.com.
