Page 45 - Waterfall City Dec 2024_Jan 2025

“Check to see whether your provider has a
diverse product offering to cater

to your needs as they change over time.”

classes, regions and investment styles - Product range - Flexibility
• Reduced risk because of this You may wish to add to your product Many providers may offer similar
diversification portfolio over time or consider products, but something that is
• A bigger team of dedicated asset investing in various products often overlooked is the flexibility of
allocation experts managing your funds immediately. Check to see whether offshore asset allocations allowed
• Access to a broader investment your provider has a diverse product within those products. Investigate
universe offering to cater to your needs as they whether there are limits to offshore
change over time. asset allocations within products you
- Fees are considering. While such limits
It is tempting to simply look for the For example, you may want to consider may not be a problem in the short
provider that offers the lowest fees, but an investment vehicle that can be an term, markets go through cycles
there are other factors to think about alternative to banking investments if where sentiment towards local and
too. For example, some platforms you are starting your savings journey. offshore asset allocations change.
may offer fee structures that can be However, as time passes, you may also Limits on offshore asset allocation
beneficial if you invest in multiple need to invest in a retirement fund and, can reduce an investor’s flexibility
products. Some may have a fee offering later still, a living annuity. You should to move between local and offshore
that supports holistic family planning consider whether your chosen provider asset allocations over the long
by offering fees based on the collective offers tax-efficient wrappers to limit term, which can be important as
value of your family’s assets, which may your tax liability (particularly if you part of a long-term plan to create
result in reduced administrative fees. have a high marginal tax rate). intergenerational wealth.

Reach out to a financial
adviser
Creating a financial plan that will
generate lasting, intergenerational
wealth involves many variables and
is specific to an individual’s unique
circumstances and needs. A financial
adviser is best positioned to help
you construct such a plan and, more
importantly, to stick to it.

Waterfall City Issue 12 2024/Issue 1 2025 43