Model Por olios. STANLIB Mul - Manager. Solu ons for IFA s to - Create business value Manage advice risk be er Delight your clients

Transcription

1 STANLIB Mul - Manager Model Por olios Solu ons for IFA s to - Create business value Manage advice risk be er Delight your clients Albert Louw Joao Frasco

2 Who is STANLIB Mul - Manager? Generic names no dic onary defini ons Model Por olio benefits Behind the Model Por olios Range of BIV Model Por olios Agenda Level of discre onary services Why STANLIB Mul - Manager

3 01 Who is STANLIB Mul - Manager?

4 STANLIB Mul - Manager Small Company Mindset, Large Company Environment Mul - Manager Franchise within Group Established in 1999 AUM in excess of R50 billion Provide a range of discre onary services Part of a Leading Investment Business 4

5 STANLIB Mul - Manager Assets at a Glance Retail Ins tu onal R11 billion R40 billion A A Spectrum of por olios / solu ons / model por olios Diverse range of clients Range of other discre onary investment services Investment Services R30 billion A

6 02 Generic- Names - No Dic onary Defini ons

7 STANLIB Mul - Manager Generic Names No dic onary defini ons for discre onary solu ons We reserve the term Model Por olio (Services) as a more generic term A Model Por olio effec vely wraps a selec on of different unit trust funds/mandates together. A Model Por olio is not a collec ve investment por olio. Investors have direct ownership of the underlying investments

8 Where Do Model Por olios Fit In? Vehicle Model Por olio Manager of Managers (MoM) Fund of Funds (FoF) Structure CIS Segregated CIS Regula on FAIS CISCA CISCA Unit Holder No unit holders Client owns units Client owns units in the FoFs Securi es Client owns securi es MoM owns underlying securi es Held in the underlying funds names Taxa on/impact of changes Trigger CGT event No CGT event No CGT event

9 03 Model Por olio Benefits

10 STANLIB Mul - Manager Model Por olio Benefits Posi oned for the new era i.e. post RDR - allows IFA s to outsource more investment decisions and avoid crea ng business risks Advisers are relieved of day- to- day decision- making responsibili es Opportunity to re- focus on applying the core skills of financial planning Customisa on - tailor- made solu ons / including white- labelling Ins tu onal range of services risk repor ng, client report backs etc.

11 STANLIB Mul - Manager Why Outsource More Investment Decisions? Access to investment exper se across a wide range of investment types Less expensive to support the levels of manager / fund research required Sufficient me is dedicated to building, maintaining and monitoring por olios You mi gate risk of defending, explaining and taking responsibility for all investment decisions Demonstrate consistency in your por olio offering

12 04 Behind Model Por olios Systema c Investment Advice

13 Investment Advice and Process Model 5 6 Por olio Review Client will hold you responsible for outcomes Assess if outsourced partner can deliver on your service promise to your clients Can t abdicate due diligence responsibility Por olio Management Start inves ng Strive for consistency of client outcomes Ongoing risk management Por olio Specifica on Know your client In- depth evalua on Develop a plan Asset Alloca on Top- down approach closely aligned with client goals and risk profile Right mix of assets to suit client circumstances, investment goals and a tude to risk Manager Research 4 Por olio Construc on Work from approved fund lists Create customised models Or map to off the shelf solu ons 13

14 05 Range BIV Model Por olios Off- the- Shelf Solu ons

15 Snapshot BIV Model Por olios Wealth Cash/Income Solu on Wealth Preserver Solu on Wealth Enhancer Solu on Wealth Accumulator Solu on Investment Objec ves To outperform cash +1% over rolling 12 month periods Capital preserva on over a 12- month period To outperform CPI +3% over rolling 3- year month periods Capital preserva on over a 3- year rolling period To outperform CPI +5% over rolling 5- year periods Minimise the probability of nega ve real returns over a 5- year period To outperform CPI +7% over rolling 7- year periods Minimise the probability of nega ve real returns over a 7- year period Who Should Invest Income growth higher than cash Capital preserva on over short term Li le need for capital growth Capital growth needed but cannot tolerate capital loss over short term Capital growth needed but able to tolerate drawdowns over short to medium term High capital growth Prepared to accept fluctua ons in medium term performance Benchmark Primary: Absolute Infla on Plus objec ve Secondary: Peer Mul - Asset Income Category Primary: Absolute Infla on Plus objec ve Secondary: Peer Mul - Asset Low Equity Category Primary: Absolute Infla on Plus objec ve Secondary: Peer Mul - Asset Medium Equity Category Primary: Absolute Infla on Plus objec ve Secondary: Peer Mul - Asset High Equity Category

16 06 Range of Services

17 Level of Investment Services Flexibility - Off- the- shelf and /or bespoke solu ons Investment Repor ng ranging from monthly factsheets to bi- annual risk repor ng Marke ng Collateral por olio brochures, por olio Insight sheets and point- of- sale toolkit Client Contact annual report backs and manager days etc.

18 07 Why STANLIB Mul - Manager?

19 Why STANLIB Mul - Manager? Simplify increasingly complex universe Mi gate against single manager risk / improved levels of diversifica on Access to large volumes of informa on / convert into knowledge Built up strong rela onships Unique posi on to meously adapt to ever- changing investment environments Focus on service / not selling product

20 Biographies Joao Frasco Chief Investment Officer B.Sc, MBA, CFA, CIPM, FASSA, FIA, CAIA Albert Louw Director: Business Development and Advisory B.Com (Hons) 12 years industry experience Alexander Forbes Financial Services Head of Investment Research Alexander Forbes Asset Consultants Principal Consultant and Actuary Served as member of Alexander Forbes Group Investment Consul ng Commi ee 18 years of industry experience Alexander Forbes Asset Consultants Director and Chairman of Investment Consul ng Commi ee Served as member of Alexander Forbes Group Investment Consul ng Commi ee

21 Disclaimer Informa on and Content The informa on and content (collec vely 'informa on') provided herein is provided by STANLIB Mul - Manager as general informa on for informa on purposes only. STANLIB Mul - Manager does not guarantee the accuracy, suitability or poten al value of any informa on or par cular investment source. Any informa on herein is not intended nor does it cons tute financial, tax, legal, investment, or other advice. Prospec ve and exis ng clients should be encouraged to consult their qualified Financial Advisor before making any decision or taking any ac on regarding their finances. Nothing contained herein cons tutes a solicita on, recommenda on, endorsement or offer by STANLIB Mul - Manager. Copyright The informa on provided herein is the possession of STANLIB Mul - Manager and is protected by copyright and intellectual property laws. The informa on may not be reproduced or distributed without the explicit consent of STANLIB Mul - Manager. Disclaimer STANLIB Mul - Manager has taken care to ensure that all informa on provided herein is true and accurate. STANLIB Mul - Manager will therefore not be held responsible for any inaccuracies in the informa on contain herein. STANLIB Mul - Manager shall not be responsible and disclaims all loss, liability or expense of any nature whatsoever which may be a ributable (directly, indirectly or consequen ally) to the use of the informa on provided. STANLIB Mul - Manager Limited Registra on No: 1999/012566/06. A Financial Services Provider licensed under the Financial Advisory and Intermediary Services Act, 37 of FSP license No. 26/10/763

22 It s not just what goes INTO your por olio but also what s BEHIND your por olio