As the wealthy become increasingly concerned about the creeping erosion of the value of their assets in SA’s distressed economy, the people who manage their wealth are reassuring them, expressing confidence in the country’s future. They are also managing expectations after a prolonged period of low investment returns. Their message to clients is that, while there are real problems, there is also much to be positive about in SA, and their assets are in good hands. Aside from addressing the direct needs and concerns of clients, wealth managers are also preoccupied by an uncertain regulatory environment with pending retirement reforms, a regulatory review of the way retail financial services are sold that is still not finalised, as well as the launch of the Financial Sector Conduct Authority to replace the Financial Services Board. Technological changes also dominate their time. It is in just such difficult times that excellence shines through. The Top Private Banks & Wealth Managers s...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.