Stanley Broun, head of Fiduciary & Tax at Sanlam Private Wealth dealt with the future of global estate planning. It is critical to consider all the relevant factors for clients with global . For example, the language of wills in various jurisdictions, where the children or beneficiaries reside, and the nature of the investments, all need to be aligned. Due consideration must be given to probate matters, company directorships, liquidity, roll-over implications and relevant regulator needs. It is important to look for alternative solutions in estate planning and take all relevant factors into account or huge taxes could be paid – the unintended consequences of incorrect planning.
Stanley Broun-Sanlam Private Wealth.pdf
Post-retirement income streams
Pieter Hugo, Peter Kempen and Jannie Leach explored how to manage post-retirement income streams effectively, which is not always an easy and straightforward task. The main aim is to make money last longer than the client lives. Intermediaries should be clear on the objectives upfront and plan the best actions to take in various scenarios. Portfolios should be exposed to growth .
While mitigating factors to running out of income can be met by using various buckets (and using different investment strategies), sequence risk is not as important as investor behaviour.
Pieter Hugo-M&G Investments.pdf
Peter Kempen-Coronation Fund Managers.pdf
Jannie Leach-Nedgroup Investments.pdf
Alternative solutions
In exploring alternative investment options to consider for the future, one of the questions is: Do hedge funds have a place in a portfolio? Steven Hurwitz, JP Matthews and JP Verster and host Wade Witbooi from Glacier Invest explored this interesting topic. The alternative mindset is one that acts as a critic in financial markets. Expressing a different or alternative opinion to the general opinion is done with the hope of improvement, and with respectful intent. Shorting is a critical tool in this asset class and a small allocation to hedge funds can make a meaningful difference. The nature of hedge funds also allows for more flexibility than traditional funds.
Steven Hurwitz-36ONE Asset Management.pdf
JP Matthews-Matrix Fund Managers.pdf
JP Verster- Protea Capital Management.pdf
Different investment styles
Different investment styles were covered in the panel discussion between Linda Eedes, CFA, Gavin Wood and Lourens Coetzee hosted by Dean de Nysschen, CFA, from Glacier Invest, a leader in discretionary fund management. Income-focused investing was one of the styles favoured. The emphasis is on staying on the path to ensure long-term investment success through compounding, regardless of style and strategy. Time is on one’s side, but only if one stays invested.
Another view focused on the benefits of contrarian investing that produces excess returns at lower risk and capital loss, which is very hard to do, but exploits short-termism efficiently. Also, with a quickly changing world, value investing may not be as relevant as before.
Linda Eedes-Foord Asset Management.pdf
Gavin Wood-Camissa Asset Management.pdf
Lourens Coetzee-Marriott Investment Managers.pdf
All about leadership
René Carayol, MBE, renowned executive and leadership coach, closed the Summit with a riveting view on 20th century leadership: the importance of including teams and putting people first, and including people from different backgrounds. He points to catching people doing something right and focusing on positive recognition. Mentors are important in assisting employees to grow. Often, choosing new people isn’t necessarily about the best person for the job, but the best person for the team.
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