Old Mutual Wealth Tailored Funds Portfolio certified for fiduciary excellence

Roland Gräbe, Head of Tailored Fund Portfolios at Old Mutual Wealth

Old Mutual Wealth’s Tailored Funds Portfolio (TFP) capability is the first investment manager in South Africa to receive certification for fiduciary excellence from the Centre for Fiduciary Excellence (CEFEX), further cementing its fiduciary commitment to clients.

Commenting on this achievement, Roland Grabe, Head of Old Mutual Tailored Fund Portfolio, says that the industry has been in urgent need of an objective and external body to conduct the due diligence which is critical in ensuring client centricity.  “By going through the detailed CEFEX auditing process, we hope – through complete transparency – to demonstrate our unwavering commitment to always act in in the best interest of clients. It is crucial that asset managers recognise the responsibility that fiduciary care places on business decisions. We believe that responsible investing and fiduciary care are essential in driving sustainable business practices in the industry.”

The Old Mutual Tailored Funds Portfolio is Old Mutual Wealth’s Discretionary Fund Management offering. The TFP business gives financial planners and investors the opportunity to create tailor-made portfolios aimed at achieving very specific individual financial goals.

“We are very honoured to be the first investment manager in SA to receive the certification. The certification is testament to the work we do and I believe that it really sets us apart as an investment manager that strives for excellence in everything we do. The work that CEFEX is doing internationally is adding great value to the financial services industry. By having an accreditation for standardisation for financial services providers, we are moving in the right direction, giving clients peace of mind that their money is being managed in the best possible way to benefit them,” says Grabe.

Carlos Panksep, Managing Director of the Centre for Fiduciary Excellence, explains that the TFP business was subject to a rigorous audit process, involving financial performance and operational data verification followed by on-site interviews with key staff members. “The CEFEX certification proves TFP’s investment integrity while it shows investors that their trust in the business is warranted. Through the independent assessment, the certification provides assurance to investors that TFP has demonstrated adherence to the industry’s best fiduciary practices.”

Panksep says that standardisation has been in place for many years in the automotive, manufacturing and food industries. CEFEX therefore decided to apply the same standardisation practices within the financial services industry, globally. “The CEFEX quality assurance awards a seal of approval to financial services providers who meet the standards as set out by the International Organisation for Standardization. Investors can therefore rest assured that their service provider is a trusted organisation and that due diligence are being checked and monitored against global best-practice,” he says.

Grabe believes that CEFEX provides a key solution to the South African financial services industry in ensuring independent verification of the operating models and processes in asset management as well as financial advice.



Latest


16 Feb 2021
Transition management services partnership announced

Standard Bank has signed a memorandum of understanding (MoU) with Chicago-headquartered financial services company Northern Trust, to partner on the…

Transition management services partnership announced

Standard Bank has signed a memorandum of understanding (MoU) with Chicago-headquartered financial services company Northern Trust, to partner on the delivery of transition management services across Southern Africa. Under the partnership, Standard Bank’s clients will gain access to Northern Trust’s full suite of transition management services. Transition Management is a…

16 Feb 2021
Tax free wealth creation with property funds

By Liliane Barnard, CEO and Portfolio Manager at Metope Investment Managers, and Aimee Glisson, Director: Operations, Performance & Risk at…

Tax free wealth creation with property funds

By Liliane Barnard, CEO and Portfolio Manager at Metope Investment Managers, and Aimee Glisson, Director: Operations, Performance & Risk at Metope Investment Managers The tax year, along with the deadline for an investor’s maximum R36 000 annual tax-free savings account contribution, comes to an end on the 28 February 2021. Investors…

16 Feb 2021
Why multi-manager investing is popular

Multi-management has been around for over two decades. This investment management approach is popular among many investors because it promises…

Why multi-manager investing is popular

Multi-management has been around for over two decades. This investment management approach is popular among many investors because it promises to deliver smoother, more consistent investment returns, despite cyclical turbulence of financial markets. Given last year’s drastic swings in financial markets and continued uncertainty on how the Covid pandemic will…

16 Feb 2021
Momentum Health Solutions unpacks COVID-19 vaccine roll-out plan

Momentum Health Solutions announced its COVID-19 vaccine roll-out strategy and how it intends to support both its members, as well…

Momentum Health Solutions unpacks COVID-19 vaccine roll-out plan

Momentum Health Solutions announced its COVID-19 vaccine roll-out strategy and how it intends to support both its members, as well as the uncovered population, in being vaccinated. As the COVID-19 virus continues to spread, a third wave is imminent, should the vaccination rollout not commence soon. Speaking at a recent…


Top stories


10 Sep 2020
How too much choice is draining your brain

By: Paul Nixon, head of technical marketing and behavioural finance at Momentum Investments From the words of Francis Scott Key…

How too much choice is draining your brain

By: Paul Nixon, head of technical marketing and behavioural finance at Momentum Investments From the words of Francis Scott Key that dubbed America “The land of the free”, which stuck, to the unforgettable Mel Gibson monologue where an army of painted Scots were willing to trade their lives for the…

13 Apr 2020
Investors should keep a reasonable investment allocation outside of SA

MoneyMarketing asked Roland Gräbe, the head of Tailored Fund Portfolios at Old Mutual Wealth, about offshore investments in the COVID-19…

Investors should keep a reasonable investment allocation outside of SA

MoneyMarketing asked Roland Gräbe, the head of Tailored Fund Portfolios at Old Mutual Wealth, about offshore investments in the COVID-19 environment and what form a global market recovery will take.

13 Apr 2020
SA’s Proposed Covid-19 Disaster Management Tax Relief

The National Treasury recently issued the draft Disaster Management Tax Relief Bill (Bill) for public comment by 15 April. The…

SA’s Proposed Covid-19 Disaster Management Tax Relief

The National Treasury recently issued the draft Disaster Management Tax Relief Bill (Bill) for public comment by 15 April. The draft Bill, together with its explanatory memorandum, provides clarity with regards the tax relief measures President Cyril Ramaphosa announced on 23 March.

10 Apr 2020
When the going gets tough, farmers are on familiar territory

South African farmers are old hands at adapting to uncertain and daunting circumstances, and our local agricultural industry has proved…

When the going gets tough, farmers are on familiar territory

South African farmers are old hands at adapting to uncertain and daunting circumstances, and our local agricultural industry has proved to be most enterprising in acclimatising to challenges as they arise.


Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za