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According to the distinct house view of Private Client Advisors, our parent company, the investment portfolio of a retired private client is divided into three different risk categories, which is based on a proper analysis of his / her unique financial circumstances. These categories are known as Stable, Prudent and Long-Term Growth.
In the case of wealth accumulators, we have devised what we call packaged solutions, which consist of some of the building blocks or elements, as those in the Prudent and Long-Term Growth categories. The South African Conservoir packaged solution refers to investments in the South African market, while the Global Conservoir packaged solution refers to investments in offshore markets.
If a client cannot obtain the necessary clearances to invest in the Global Conservoir, we have an alternative packaged solution, namely the Rand Based Global Conservoir. Although this packaged solution is not really a true offshore investment, it still offers the same advantages as the Global Conservoir. These advantages include exposure to offshore investment growth and protection against the depreciation of the Rand. This packaged solution is also utilised to obtain offshore exposure in pension products such as Retirement Annuities and Preservation Funds.
These packaged solutions are the underlying investments to the products we offer, namely a Discretionary Basket, a Retirement Annuity Fund, a Pension Preservation Fund and a Provident Preservation Fund.
| South African Conservoir |
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Asset Class
|
Fund Name
|
Allocation
|
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Prudent Assets
SA Bonds
Protected Equity
Growth Assets
SA Equity
|
CAM Universum
CAM Fortis
CAM Optima
|
15%
15%
70%
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| Global Conservoir |
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Asset Class
|
Fund Name
|
Allocation
|
|
Prudent Assets
Prudent Hedge
World Bonds
Protected Equity
Growth Assets
Growth Hedge
World Equity
|
CAM Bastion
Barings International Bond
Deutsche Global All Weather
CAM Pinnacle
CGS Long Term Growth
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12%
10.5%
7.5%
28%
42%
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| Rand Based Global Conservoir |
|
Asset Class
|
Fund Name
|
Allocation
|
|
Prudent Assets
World Bonds
Growth Assets
World Equity
World Equity
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Sanlam International Gilt FoF
Investec Worldwide
Sanlam International Equity FoF
|
30%
42%
28%
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Endorsed split between Packaged Solutions per investment vehicle:
| Discretionary Basket |
|
Conservoirs
|
South Africa
|
Global
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Rand Based Global
|
|
Lump Sum Investments
Tax Clearance
No Tax Clearance
Monthly Contributions
|
20%
20%
20%
|
80%
N/A
N/A
|
N/A
80%
80%
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| Retirement Annuity |
|
Conservoirs
|
South Africa
|
Global
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Rand Based Global
|
|
Lump Sum Investments
Monthly Contributions
|
20%
N/A
|
N/A
N/A
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80%
N/A
|
| Minimum Investment Amounts |
| Conservoirs |
South Africa
|
Global
|
Rand Based Global
|
|
Lump Sum
Monthly
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R50 000
R1 000
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US$ 10 000
N/A
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R50 000
R1 000
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Fees and costs:
| Discretionary Basket |
| |
AOS
|
Deloitte Direct
|
Planner
|
|
Initial fee
Annual
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0.00%
0.50%
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0.00%
1.00%
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1.50%*
0.00%
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*Planner fee is not payable when investment is done on a direct level without using a wealth planner.
| Retirement Annuity and Preservation Fund |
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Competitor
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Deloitte Direct
|
Planner
|
|
Initial fee
Up to R99 999
R100 000 to R249 999
R250 000 to R499 999
R500 000 to R749 999
R750 000 to R999 999
R1 000 000 and over
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2.00%
1.00%
0.90%
0.80%
0.70%
0.60%
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0.00%
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1.50%**
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Annual Management Fee
Up to R99 999
R100 000 to R499 999
R500 000 to R999 999
R1 000 000 and over
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1.00%
0.80%
0.55%
0.45%
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1.00%
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** Planner fee is not payable when investment is done on a direct level not making use of a wealth planner.
Notes:
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All costs exclusive of VAT
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Management Company and Statutory costs are not disclosed
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Deloitte Direct does not offer a Living Annuity Fund
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