NVFH 2020 Integrated Annual Report

Our journey thus far...
1985
1986
1987
We have lift off! NFB Financial Services
Group was founded in Port Elizabeth,
fundamentally as money market and gilt
brokers.
Spreading the footprint…. an NFB office
was opened in East London, which
would become the Group’s head office
over time.
Diversification comes to the fore…. NFB
business operations were extended into
equity and unit trust investments due
to low interest rates. And the NFB flag is
planted in Johannesburg with the opening
of a new office.
2006
2002
2001
NFB Asset Management assets under
management passed the R1 billion mark.
In June 2002, NFB launched a range of riskprofiled
funds, actively managed by NFB’s
Asset Management Division.
June 2001, Fedsure sold its interest in
NFB. By December 2001 the Group had
accumulated approximately R3 billion
assets under management.
2007
2008
2009
NFB launched its first two registered unit
trusts, the NFB Conservative Fund of Funds
and the NFB Balanced Fund of Funds
in May 2007.
The NVest Group is born. In July 2008, the
group restructured to become the NVest
Group of Companies, of which NFB was
made a subsidiary.
The 1st of March 2009 saw the acquisition
of 70% of Independent Executor and Trust
(a small but well-established East London
based fiduciary services business) into the
NVest Group of companies.
2020
2019
Execute the operational consolidation of NFB
Private Wealth Management and continue
to optimise integration of assets appropriately,
whilst pursuing acquisitive opportunities to
grow earnings and scale.
2018
This achievement was repeated in January
2018 and the Asset Management business
went one step further by winning the
Morningstar South Africa Fund Award for
the Best Cautious Allocation Fund (NFB
Ci Cautious Fund of Funds) and for Best
Moderate Allocation Fund (NFB Ci Balanced
Fund of Funds). Total Group Assets under
Management and administration reach
R29.7 Billion.
2017
NVest Securities (Pty) Limited (the Group’s
stockbroking business) opened its doors
in Johannesburg for the first time. NFB
Finance Brokers Port Elizabeth (Pty)
Limited acquired Three Oaks Capital RF
(Pty) Limited, a growing financial advisory
brokerage in Port Elizabeth. NFB Asset
Management (Pty) Limited achieved
ground-breaking national recognition
in consecutive years (2017 and 2018) by
receiving a Raging Bull Certificate for the
best Low Equity Fund and the prestigious
Raging Bull Award itself for the top Multi
Asset Equity Fund.
The NFB Private Wealth Management
businesses were legally amalgamated with
effect from 1 June 2020 to optimise the
corporate structure for future growth on a
national scale.
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NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020