In South Africa in September we celebrate our Heritage Day. It is a day of celebration and the enjoyment of the start of Spring –  and we add an additional fun element of naming it our ‘National braai Day!’ On the serious side, however, we are reminded that it takes a diverse set of people, all different in their cultures, traditions and skills to make up the great melting pot that we now love to call ‘The Rainbow nation.’

As financiers we can greatly identify with the strength that is found in utilising diversity to create a cohesive and stronger whole end result when structuring wealth profiles. It is in utilising diversity that we create more flexible and more resilient wealth profiles for our clients and after a few generations one could say that this wealth creation is your ‘Financial Heritage.’

So how and in what areas of wealth creation do we utilise diversity to build a Financial Heritage of which you can be proud…

Diversity of structure

Every wealth profile has to be well structured and include diverse elements. Not only should you be invested in your retirement and a great financial future but also have ways to pay less tax, be protected against unexpected health issues or accidents and have a legacy to leave your family of which you can be proud.

Diversity of investments

It is critically important in an investment portfolio to have diversity as this assists you to have protection in fluctuating markets, and let’s face it market fluctuations are just a fact of life. With a diverse portfolio though when one investment plummets you will have others that keep you on an even keel and able to ride out the storm.

Many of our clients were very grateful for this when the pandemic caused havoc with the markets and they suffered only minor damage. Many in fact were even still able to invest at this time when prices were down – always the best time to invest.

Diversity of Assets

We also always advise that wealth should be spread into various areas. Property, especially in Cape Town is a good investment usually and this should be complimented by market related investments which can also be split into local and offshore and long and short term. These choices are up to the individual but good Financial Advisors will always suggest a diverse set of income yielding assets.

Diversity of skills

Great strength can be found when we utilise the professional skills of various people to assist us to create wealth. Just as when you want to improve your health you will enlist the skills of a Personal Trainer or to build a great business you would call on the help of a good Business Coach, when you want to build wealth it is a good idea to benefit from the expertise of a good Financial Advisor.

Hereford Group’s Financial Advisors train for years and never stop keeping their ears to the ground to ensure that they can offer our clients diverse choices so that together with you they can ensure your specific wealth profile has all the elements of a good, interest bearing, hard-working, well-protected portfolio.

Talk to us today and let’s begin to combine our expertise with your ideas and aspirations to create your family’s Financial Heritage!