Wealth Creation
In order to do this successfully it is necessary to know what you are spending your monthly income on, which expenses need to be paid every month or quarter or annually and how much you have to save to be able to pay for these expenses. It is necessary to budget for expenses as well as for the realization of your dreams – be it a car, to have your own home, to go on a special holiday, to pay for children’s education or to start your own business. Set your financial goals and act accordingly.
A dream will stay a mere dream unless you make it a goal with a plan and a deadline. Consult us to help you with your budgeting and to set your savings and investment plan in action in order to achieve your financial goals in such a way that you are also protected against paying unnecessary taxes or completely losing your savings in the event of misfortune.
WHAT IS A BESPOKE PORTFOLIO?
An investment is bespoke when the client wants an investment portfolio constructed just for him/her and it usually includes funds that the investor prefers.
WHAT IS A MODEL PORTFOLIO?
A model portfolio consists of a combination of funds used to achieve a specific outcome for example CPI + 4% per annum. Research is done on various funds. Combinations are tested in different ways to determine the fund choice and the percentage allocation to each fund in the model portfolio in order to achieve a specific outcome.
The Focus range of model portfolios are Wrap funds, meaning a combination of different funds managed by different Fund managers, strategically structured based on asset allocation principles, investment style, volatility and consistency of performance. They aim to achieve certain investment goals. The Fund managers (for example Allan Gray, Coronation, Prudential, Investec, PSG) are still the same asset managers we have entrusted with our client's money in the past. We have just taken our tried and tested investment approach and translated it into different Focus model portfolios. These Focus model portfolios can be used in different combinations and applied across different clients’ investment profiles to achieve different outcomes.
WHAT IT IS NOT
It is not a Fund of Funds, where your money is invested in a registered unit trust managed by Finfocus. We therefore do not hold your money.
WHY WE OFFER THE FOCUS RANGE OF MODEL PORTFOLIOS
We offer the Focus range of model portfolios because we are a fairly large team of advisers and we want to ensure that clients can expect consistency of returns on investments and advice given. We aim to ensure sustainability of service irrespective of employee changes and business risk management associated with a growing staff compliment.
The Focus portfolios are constructed by the three members of Finfocus’s Investment Committee. The two shareholders of Finfocus (Amy van Niekerk, Schalk van Niekerk) are members of the Investment Committee and are skilled investment advisers with combined experience of 56 years in the advice and investment environment. The Investment Committee is assisted by the Mi-Plan analysts and research team. Through Mi-Plan we have access to sophisticated analysis and modelling tools and it also brings a scientific approach to our Focus portfolio construction. All our advisers are kept up to date with any changes made to the portfolios, receive training on the funds used within the portfolios, and engage with the Investment Committee on a regular basis. More importantly, our advisers are also trained on how to combine the Focus portfolios to align with a specific client’s personal needs and expectations.
MODEL PORTFOLIO COSTING
Our Focus model portfolio's costing is transparent. We specifically use the cheapest fund classes available for the funds within our Focus portfolios. We include passive/index funds where sensible with a view to enhance performance and further reduce fees.
Mi-Plan charges a fee of 0.1% per annum for technical and analytical research, as well as the administration of the Focus range of portfolios, on behalf of Finfocus, on the investment platforms of various product providers. The administrative services include a discretionary mandate. This means, that should the investment committee deem it necessary to amend the portfolios, it can be done without requiring each client to sign documents. This could reduce downside exposure and protect client investments against unnecessary delays caused by required documentation. Clients therefore have to sign a mandate to enable Mi-Plan to deliver the administrative services.
FREEDOM OF CHOICE
Clients can request bespoke portfolios and are not restricted to our Focus portfolios. They can even combine some of the Focus portfolios with funds of their choice. We encourage clients and advisers to use the model portfolios to ensure the equitable treatment of all clients and similar investment returns when dealing with Finfocus.
We believe that the use of the Focus range of model portfolios will also give our clients peace of mind that even in the event of an adviser retiring, dying or leaving Finfocus, they will still experience the same service, expertise and management of their investments.
Quarterly fund reports are available to all our clients who invest in one or more of the Focus portfolios
Investment Strategy |
Investment ( Return
) Objective |
Investment time for objectives to be
achieved |
Benchmark |
Risk Profile |
Regulation 28 Compliant |
Volatility |
Focus Fixed Income Portfolio |
Cash Plus |
2 years |
STeFI |
Conservative |
Yes |
Low |
Focus Cautious Portfolio |
CPI+2-3% |
2 – 3 years |
CPI+2% |
Moderate Conservative |
Yes |
Low |
Focus Defensive Growth Portfolio |
CPI+4-5% |
4 - 5 years |
CPI+4% |
Moderate |
Yes |
Medium |
Focus Balanced Growth Portfolio |
CPI+5-6% |
6 - 7 years |
CPI+5% |
Moderate Aggressive |
Yes |
Medium |
Focus Future Wealth Portfolio |
Capital Growth |
8 years plus |
60% SA General Equity Sector; 35% SA
Multi-Asset Flexible Sector; 5% SA Real Estate General Sector |
Aggressive |
No |
High |
Focus Global Growth Portfolio |
Capital Growth |
8 years plus |
50% Global Equity General Sector; 50% Global
Multi-Asset Flexible Sector |
Aggressive |
No |
High |
Also write down your wants – those things that you would like to spend money on like clothes, gardening, cleaning services, entertainment, an annual holiday etc. Remember that you have to make provision and set aside money for your NEEDS first and only then can you spend money on your WANTS. People too often cater for their WANTS before their NEEDS and then fall into a debt trap. Contact us to help you set up and maintain a budget if you are uncertain how to implement it.
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The longer you postpone to start saving for your retirement, the bigger the percentage of your income you will have to save, to be able to live well after retirement. It also becomes more likely that you will be dependent on others or have a drastically reduced standard of living after retirement.
The new generation retirement annuities still remains a very tax efficient and effective way of building a retirement fund. Fixed deposits, bonds, tax free savings accounts, unit trusts, property and direct investments in shares and offshore investments are all investment instruments that can be included and utilized in a retirement plan.
Contact us to help you plan and invest for retirement, to guide you along the way and review your retirement planning on a regular basis and adjust as needed.
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Although we see regular protests and pleas for free education, that seems highly unlikely in our still developing country with its limited tax base and extensive needs. It is a good idea to start saving for your child’s education as soon as possible after birth. The monthly savings burden will then be less and you will have had time to accumulate and grow this fund for when you need to pay school fees and educational expenses. Post matric training and education remain expensive and great care should be taken to build up at least a nest egg to either pay for, or supplement a student loan or bursary.
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We advise on and market the following investment products:
• | Investment platforms |
• | Unit trusts |
• | Living annuities and conventional/guaranteed annuities/pensions |
• | Retirement annuities |
• | Sinking funds for trusts and businesses |
• | Endowment policies |
• | Money market funds and fixed deposits |
• | Tax free savings accounts |
We hold contracts for local and offshore investments with:
• | AIMS – Absa Investment Management Services |
• | Allan Gray |
• | Coronation |
• | Investec Asset Management and Investec Bank |
• | Liberty |
• | Marriott |
• | Momentum and Momentum Wealth |
• | Nedgroup Investments |
• | Old Mutual and Old Mutual Wealth |
• | PPS Investments |
• | PSG |
• | Prudential |
• | Sanlam and Sanlam Glacier |
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