SBS Wealth chief executive Morne Redgard talks about how the business, owned by SBS Bank, has been providing advice to high net worth clients for 23 years. Now it is at a stage where it wants to take what its learnt and provide it to KiwiSaver members.
Besides KiwiSaver members, SBS Wealth also wants to work with other financial advisers.
He says SBS Wealth wants to "make financial advice more accessible to investors,' he says
take our products and services to other financial advisers.
Chief investment officer Martin Pyke says SBS's KiwiSaver funds have performed well and it takes a different approach to most of its peers. The investment philosophy is built around long term, sustainable growth. It takes a more global approach than most schemes where three out of every four investments will be to global companies and one to local companies.
It also has an approach of playing investment themes and sectors not available in New Zealand.
It picks five themes each year and aims to play those.
Chief client officer Dennis Edel says SBS Wealth offers an advice proposition which meets all clients needs, whether they are new to investing or approaching retirement.
In this video he provides some examples.
Redgard wraps up the discussion with some plans on the future.
"Digital platforms are very important," he says. SBS Wealth is working on a new structure to support people in retirement.
He says instead of moving funds to term deposits they should stay invested and can keep KiwiSaver.
"We want to keep people invested but also give them the certainty and the ability to understand how much they can draw down on a month to month basis," he says.
Comments
No comments yet.
Sign In to add your comment