The Wealth Perspective - Second Quarter 2023

Welcome to the latest edition of The Wealth Perspective

I can’t remember the last time reflection on the situation in our country didn’t bring to mind an ever-growing list of challenges (hopefully the upcoming Rugby World Cup will remedy that). The first half of year seems to have been particularly testing, with the stagnating economy punctuated by a worsening load shedding outlook, our nation being added to the Financial Action Task Force’s ‘grey list’, the rand plummeting to new lows, and climbing interest rates fuelled by stubborn inflation.

Even a quick visit to the supermarket serves as a stark reminder of the precarious situation we find ourselves in. Markets are not faring any better globally, with high inflation persisting for longer than most had expected.

Opportunity in adversity

Though markets continue to be volatile, we trust that the insights in this publication will help you to maintain a positive outlook and support you in your investment decisions. Remember that turbulent times bring opportunities, as Wendy and Adriaan elaborate on in their articles.

Family-focussed financial planning

July is National Savings month, and is a reminder for us to prioritise saving to realise financial freedom for ourselves and our families. PSG Wealth’s recently launched family pricing structure is designed to help you do just that. On 1 June 2023, we introduced this new approach, which gives members of a family unit access to the cost benefit of fees based on the value of their collective assets on our platform. We understand that the definition of a family in modern times has evolved, and our offering has therefore been purposefully designed to cater to different family structures and be as inclusive and accessible as possible.

In addition, this new offering supports the PSG Wealth advice process during periods of intergenerational wealth transfer or when executing financial advice plans through more complex structures such as trusts and companies. You can read more about this in Jan’s article.

Supporting you on your investment journey

We continue to grow and strengthen our offering to support you in reaching your investment outcomes. Reach out to a PSG Wealth adviser for more information on the scalability opportunities presented by our family fee structure and other products and services that can help you to realise the financial goals of your family.

A Word from our CIO - Adriaan Pask, Chief Investment Officer, PSG Wealth - A healthy reminder for tough times – Market downturns should be considered normal for long-term investors

Industry Views - Nirdev Desai, Head of Sales, PSG Wealth - Considerations for creating intergenerational wealth

Investing and trading - Wendy Myers, Head of Securities, PSG Wealth - Adding securities to your family’s nest egg is a prudent way to boost savings

Estate Matters - Mariska Redelinghuys, Legal Specialist, PSG Wealth - Estate planning that supports intergenerational wealth

Quarterly Insight - Jan van der Merwe, Head of Actuarial and Product, PSG Wealth - Leveraging the benefits of aggregated family fees

Employee Benefits Insight - Robyn Laubscher, Advice and Product Specialist, PSG Wealth - Do your benefits statements reflect your family’s plan?

Click here to download the full edition of The Wealth Perspective.