Post on 13-Jan-2017
transcript
Welcome
Investment ProposalPresented by:Njabulo HadebeTrainee Portfolio Manager (under supervision)16/09/2016
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Global Wealth Management Business
SwitzerlandUK
South AfricaAustralia
Mauritius
Cayman Islands
32
41
6
5
6 countries | 23 offices | 400+ staff globallyR317 billion assets under management | administration
as at 31 March 2016
First in the lump-sum investor and up-and-coming professional categories
Unwavering Commitment to Client Service
2014, 2015 and 2016
Top Wealth Manager3nd year running
• Portfolio management
• Investment advisory service
• Stock broking
• Fiduciary & tax services
• Offshore investments
• Credit
• Derivatives
• Art advisory service
• Structured products
Wealth Management Solutions
Investments Process
• Protect and grow the wealth of our clients
• Disciplined investment approach
• Huge responsibility (phased-in approach)
• Value driven | bias in our models
• Proprietary research
• Participative debate (weekly investment
meeting)
• Tap into collective wisdom and experience of
portfolio managers and wealth managers
Investment Process
IMPLEMENTATIONPORTFOLIO MANAGER
DAILY CALLSALL INVESTMENT PROFESSIONALS
INVESTMENT COMMITTEEWEEKLY MEETINGS
COMPREHENSIVE PROPRIETARY RESEARCH
& EXTERNAL RESEARCH
MODEL PORTFOLIOS
BUY-SELL LISTS
Most suitable portfolio is selected in line with client’s profile
Extensive, continuous research allows investment team to identify best investment ideas on individual stock and asset allocation
Investment Committee
UNIQUE REQUIREMENTS, INDIVIDUAL PREFERENCES
NEEDS ANALYSIS AND RISK PROFILING
CENTRAL PROCESSEntire Team – CIO, Analysts, PMs
TAILORINGPortfolio Manager
Portfolio Managers have discretion to tailor the model portfolio in line with the client’s unique circumstances
CLIENT IMPLEMENTATION
Adding value
•1/1 interaction with the client• Comprehensive reports and online portfolio
access
• Researched house view models
• A dedicated team of portfolio managers
• A network of global partners & backed by the Sanlam Group
• Access to market information
The people… a well balanced team
Emile Fourie Peter Duminy
Danie Wolmarans
David Botes
Carel De Jongh
Sizwe Mkhwanazi
Rikus Swanepoel Frik van Wyk
Njabulo Hadebe
• More that 100 years experience collectively
• Wide range of expertise and background
• Service driven
• Team orientate
Experience
• If you win a competition and your prize money is to be given to you in one of two ways.• A R10 million lump-sum today or you get 1 cent today and
everyday I doubled what I gave you the previous day for a month.
Idea behind investing
Days Amount Cum. Amount1 0.01R 2 0.02R 0.03R 3 0.04R 0.07R 4 0.08R 0.15R 5 0.16R 0.31R
10 5.12R 10.23R 15 163.84R 327.67R 20 5 242.88R 10 485.75R 25 167 772.16R 335 544.31R 30 5 368 709.12R 10 737 418.23R 31 10 737 418.24R 21 474 836.47R
The JSE – diminishing volatility over time
Source: Inet & Glacier Research Performance to 31/12/2010
About You
•Risk Profile
• Has capacity for risk
• Aggressive risk appetite
•Asset Class
• Equity
• High risk - high return
“Your goal as an investor should be simply to purchase, at a rational price, a part interest in an easily understood business whose earnings are virtually certain to be materially higher, five, ten, and twenty years from now….. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.”
-Warren Baffett
Warren Buffett's view – it is all about earnings
• Split
o 70% local (JSE)
o Equity portfolio
o 30% Offshore (SPW UK)
o Direct equity share portfolio
o Worldwide diversification
Investment Proposal
Rand versus the US$
0
2
4
6
8
10
12
14
16
18Ja
n-86
May
-87
Sep
-88
Jan-
90M
ay-9
1S
ep-9
2Ja
n-94
May
-95
Sep
-96
Jan-
98M
ay-9
9S
ep-0
0Ja
n-02
May
-03
Sep
-04
Jan-
06M
ay-0
7S
ep-0
8Ja
n-10
May
-11
Sep
-12
Jan-
14M
ay-1
5
Ran
d/$
Actual PPP (fitted value) +1STDEV
+2STDEV +3STDEV
Source: INet,SI
Client touch points
• SMS notifications
• Monthly Statement
• Ad-hoc Statements
• Internet “Secure services”
• Feedback
•1/1 client centric service• Tax reporting
Way forward
• Signing mandates• Providing us with FICA• Banking details• Transfer money over• Start phase-in capital
This document is not intended to constitute financial advice. You are urged to seek financial advice from a registered financial advisor. Should you not have a financial advisor, we can make one available to you. Please contact us for more information. The value of investments is subject to fluctuation and past performance is not necessarily a guide to future performance.
Participation in our model portfolios is a medium to long-term investment. The value is subject to fluctuation and past performance is not necessarily a guide to its future performance. Calculations are based on a lump sum investment with gross income reinvested on the ex-dividend date. All terms exclude costs. Actual investment performance will differ based on the fees applicable, the actual investment date and the date of reinvestment of income. A schedule of fees and maximum commissions is available on request.
Sanlam Private Wealth (Pty) Ltd, registration number 2000/023234/07 is a member of the Johannesburg Stock Exchange, a licensed Financial Services Provider (FSP 37473) and a Registered Credit Provider (NCRCP1867).
Disclaimer