Blue Chip Journal - June 2019 edition

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EVENTS Andy Hart, financial planner and founder of the Humans Under Management conference too, like politics, business and retail. When one of the founding academics, Richard Thaler, won the Nobel Prize for Economics in 2017 it confirmed its acceptance as one of the most important and defining ideas of our era. The behavioural finance community continues to expand and develop today. I can see it in my own experience among fellow financial advisors. There was a time was when it was just a small huddle of us nurturing this new philosophy in our profession but there are more and more of us every time I look. It started as a niche, but that niche is growing daily, monthly, yearly. Independent financial advisors are on the front line and deal with humans every day, so it shouldn’t be a surprise that they should be the early adopters. But now even some of the big asset managers are cottoning on to the insights of behavioural thinking and employing them at a more corporate level. Bringing the community together I organise the annual Humans Under Management conferences which bring this community together in the UK and beyond. They are the first fully-focused behavioural finance events of their kind and the place where practitioners can meet to learn from each other and compare experiences. There’s one coming up in South Africa on 10 September and this year’s London conference is scheduled for 4 December. The Cape Town conference includes a keynote speech from Christo Brand, a South African former prison guard who was one of several that were responsible for guarding Nelson Mandela, and who developed a close friendship with the statesman over the years of his incarceration and beyond. Clearly someone who will understand a little about human behaviour. In London, we’ll be joined by Dr Moira Somers. Moira is a psychologist, professor, author and executive coach who brings a unique combination of expertise in neuroscience, financial psychology, mental health and behaviour change to bear on any number of personal and professional challenges. Both conferences will include speeches and input from a broad range of practitioners on all things behavioural. And that’s one of the things I like most about these events and the behavioural discipline in general – the mix of people we attract from a variety of different backgrounds, both speakers and delegates. It’s relevant to so many fields. Last year’s events in both London and Dublin saw speeches from not just financial advisors and experts in behavioural finance, but also from areas as varied as management consultancy, think tanks, the media, riskprofiling and fintech. This is why I believe behavioural finance advice is so powerful: because it channels the insights of so many areas and is open to input from such a broad spectrum of disciplines. It allows us to keep developing into ever-more sophisticated advisors so we can give our clients the best insights and service possible. In this community, our clients are the most important members of all. When you work so closely with them over many years through the significant phases and transitions of their lives you can get to know each other very well. It’s unsurprising that employing such a human approach to helping clients doesn’t just bring them into the community, it often turns them into friends too. From an idea born in 1970s, recession-hit America, behavioural finance has created a community that makes our profession proud. 50 www.bluechipjournal.co.za
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Page 1 and 2: Issue 72 • June/July 2019 www.blu
Page 3 and 4: CONTENTS 7 ON THE MONEY The latest
Page 5 and 6: Actual investors look to the future
Page 7 and 8: FOREWORD We’ve also made the deci
Page 9 and 10: On the money Making waves this quar
Page 11 and 12: The world is changing. Why have emp
Page 13 and 14: 100 % SAVINGS 0% TAX WOULDN’T YOU
Page 15 and 16: COVER PROFILE It has been said that
Page 17 and 18: solutions are well aligned to best
Page 19 and 20: 24 32 47 59 91 85 78 63 51 What are
Page 21 and 22: FPI in Financial Planning and becam
Page 23 and 24: Establish yourself as a financial p
Page 25 and 26: JURISDICTION Nicole Paige, Partner
Page 27 and 28: FOREIGN INVESTMENT The rapid rise o
Page 29 and 30: ESG Setting a precedent Shareholder
Page 32 and 33: HEDGE FUNDS Future value ESG increa
Page 34 and 35: BOUTIQUES Facing the boutique fear
Page 36 and 37: ADVERTORIAL How well do you know th
Page 38 and 39: RETIREMENT FUNDS Smoke and mirrors
Page 40 and 41: Invest in a carefree retirement lif
Page 42 and 43: RETIREMENT In it for the long run T
Page 44 and 45: RETIREMENT GOALS Hustle on the side
Page 46 and 47: ADVERTORIAL Making a dent in the un
Page 48 and 49: INSPIRATION Breaking bad Gerald Mam
Page 50 and 51: EVENTS How behavioural finance crea
Page 54 and 55: CLIENT COACHING Meeting the challen
Page 56 and 57: CLIENT COACHING consider the level
Page 58 and 59: INSURANCE Undoing perverse incentiv
Page 60 and 61: FEE MODELS Clarifying value Negotia
Page 62 and 63: LEADERSHIP Who dares, wins The call
Page 64 and 65: TRANSFORMATION No, no, and no Advoc
Page 66 and 67: RETIREMENT SOLUTIONS For a better r
Page 68: Rewarding career opportunities to m

Blue Chip Journal - June 2019 edition

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