Standard Bank Private's advice helped me 'achieve better returns'
Standard Bank Private client, Dr. Sagie Govender had always been diligent about saving, but when it came to investing, he felt he could be doing more. A successful professional, Dr. Govender had focused on growing his career and making sound financial decisions. But his approach to managing his wealth was more segmented – separate banking, investing, and saving decisions – which led to many tax inefficiencies.
“I now have clarity on tax implications of my diversified investments,” says Govender, one of many clients who are part of Standard Bank Private’s new model which gives each client a dedicated private banker and financial advisor team, providing a single point of contact for all their financial services’ needs.
The new approach pairs each client with a private banker and a financial advisor to provide comprehensive financial services. For Dr. Govender, this collaboration effectively aligned his short-term cash flow and debt structuring with his long-term retirement goals.
“It not only maximized efficiency, but it also identified opportunities for significant savings, and tax benefits through estate planning, ultimately, giving me more confidence in reaching my financial goals,” adds Dr. Govender.
The power of a dedicated private banker and financial advisor team
*Sipho, another Standard Bank Private client had built up significant savings over the years but wasn’t seeing the returns he wanted. After speaking with his Standard Bank private banker, he realized that he could benefit from a more tailored approach, so they introduced him to a dedicated banker and financial advisor team model.
Through their combined expertise, Sipho was introduced to a wider range of structured products that suited his risk profile and financial goals. “Working with a dedicated private banker and financial advisor team helped me understand a wider universe of structured products that suited by risk appetite,” he recalls. “With their help, I achieved better returns on my savings, and I made sure my investments were in the right currency and time horizon.”
The collaboration didn’t stop there. Together, his banker and financial advisor completed a thorough financial assessment, something he hadn’t done in years. “We reviewed my income, expenses, assets, and liabilities, and identified areas where my returns could improve,” he says. Beyond investments, he was introduced to specialists who helped him think through long-term strategies like intergenerational wealth transfer, something he hadn’t considered before.
For Yajna, the collaboration between her banker and financial advisor brought a deep sense of security. “They were both professional and had my best interests at heart,” she shares. “With their help, I’ve secured my future, and I’m far more confident about moving forward in life.”
Standard Bank’s integrated approach goes beyond convenience; it builds trust and empowers clients to make informed financial decisions. A dedicated team of professionals working together creates an environment where clients feel supported in every aspect of their financial journey.
Sipho concludes: “I would absolutely recommend this joint approach. It helps facilitate introductions by someone your trust – your Private Banker – to specialists who truly understood your goals and provide seamless support for all admin needed to conclude your investments.
* Not his real name.