Monday, 23 June 2014
On 9:06:00 am by Unknown No comments
Leading
investment management firm, Afrinvest West Africa Limited, has restated its
commitment to goals-based wealth management, which includes better client-adviser
interactions, simpler language, and investment personality assessments.
In a statement made available to finance/money market reporters,
Ike Chioke, Managing Director of Afrinvest, said, “The financial crisis of 2008
led to a new environment that includes changes in investor needs and market
opportunities, and goals-based wealth management offers an adequate response to
these changes.”
“Each investor has not only a variety of goals but different risk
profiles to accompany each goal, and investment advisers must develop clear
strategies to match their clients’ different goals and risk profiles.
Unfortunately, this role becomes obscured in today’s world of sophisticated
portfolio management and performance analysis”, he noted.
Chioke further explained, “The first step in goals-based wealth
management is for the manager to identify and describe the client’s main goals.
He then weighs the goals in monetary terms and prioritizes them, structures a
sub-portfolio for each goal, determining which assets or strategies are most
likely to help the client achieve each goal, and optimizes the sub-portfolios
throughout the client’s entire portfolio.”
Assuring investors of the firm’s commitment to providing value for
their investments, the Afrinvest boss said, “We are going to make sure that we
get the right outcome for clients but do it in a way that people can
understand, so we do not fall into the mistake of leading with complexity when
our clients are looking for simplicity.”
“We are talking of huge investments in training and technology,
including rewards for teams that fully embrace the concept of financial
planning, allowing for a higher degree of flexibility and responsiveness to
client needs. We will also be reviewing client goals on a quarterly basis, and
showing how the portfolio is preparing individuals to reach specific personal
financial goals”, Chioke emphasized.
Traditional asset/liability assessment analysis and mean
variance-solutions typically used in wealth management were not responding
adequately to investor needs. In particular, they were not addressing the
financial goals that investors expressed in non-financial terms, hence, the
shift towards goals-based planning.
About Afrinvest
Afrinvest West Africa Limited is a management majority-owned
securities firm involved in investment banking, securities trading, asset
management and investment research with a focus on West Africa.
The Afrinvest Equity Fund ("AEF") is our flagship fund,
which invests primarily in stocks of companies listed in the Nigerian Stock
Exchange. The fund focuses on long-term growth while taking into account the
preservation of investor's capital. This product is targeted at investors who
desire optimum exposure to the equity market through the Nigerian Stock
Exchange.
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