By Martiens Barnard, Marketing Actuary at Momentum Investments Group
Momentum Wealth International, Momentum Wealth’s offshore investment platform, offers a wide range of investment funds designed to cater for varying market conditions and investor needs. Clients have the flexibility to choose from a range of more than 1 200 funds denominated in various foreign currencies.
Yet, while we bring you this plethora of choices, we also make fund selection easier. We do this through our range of guided Momentum solutions. These fund of funds are managed by our award-winning investment team based in London. They conduct regular, in-depth due diligence on each fund before considering it for inclusion. Once included, each fund is monitored to make sure that it continues to meet our stringent qualifying criteria.
The platform provides investors with a comprehensive range of products. We offer the Momentum International Investment Option (IIO) and the Momentum International Endowment Option (IEO). The IEO is available as the Life insurance bond or the Capital redemption bond, a sinking fund without insured lives. These products offer various structuring options for financial advisers to make sure that on death, the transfer of ownership or payment of the proceeds can be handled according to the client’s wishes.
In addition, the IEO has another compelling benefit in that situs tax, a type of tax equivalent to South African estate duty and probate, can be avoided. Probate is a procedure where a legal authority approves a will as the valid and last will of a deceased testator. The probate process can be expensive, complex and time-consuming, which means that the winding up of a South African deceased estate could be delayed.
At Momentum Wealth International, we know that investing offshore can
seem tricky.
With our true offshore investment platform, more than 20 years of
delivering excellence, and the latest technology at your fingertips, we make it a personalised and exciting journey for you and your clients.
Speak to your Momentum Consultant today to find out more
about a world of investing possibilities, or visit momentum.co.gg.
Momentum Wealth International Limited is licensed by the Guernsey Financial Services Commission to conduct Investment Business. Momentum Wealth International Limited is an authorised Financial Services Provider pursuant to the Financial Advisory and Intermediary Services Act No. 37 of 2002 in South Africa. Momentum Investments is part of Momentum Metropolitan Life Limited, an authorised financial services (FSP6406) and registered credit (NCRCP173) provider.
Our comprehensive range of products, investment funds and other investment components, places us at the forefront of international investment solutions catering to every client’s offshore investing needs. But those aren’t the only reasons that make Momentum Wealth International a compelling international platform.
Momentum Wealth International was established in Guernsey in 1999. Guernsey is a leading offshore investment centre that offers first-class infrastructure for the structuring, management, administration and custody of investment funds, offering valuable investor protection. This means that investments remain domiciled in Guernsey, regardless of where a client currently lives or decides to live in the future. Further protection is added through our nominee structure, where money is safely held in a separate segregated nominee, MWI Nominees Limited.
We see ourselves as responsible stewards of the assets entrusted to us, consistently providing investors with access to international investment expertise.
We understand the importance of being able to monitor investments at any time. This is why we give clients the necessary online tools to view their portfolios securely, access contract details, and request information such as investment statements. As an added benefit, we provide one consolidated statement for an entire portfolio, which contains a detailed audit trail of transactions, fees, and investment growth across multiple investment components. We offer the capability to consolidate and view an investment portfolio value in various currencies, including US dollar, sterling, euro, Japanese yen, Hong Kong dollar, Australian dollar, Swiss franc and South African rand. We also offer online tools to financial advisers for managing investments.
Your offshore investment isn’t just another investment. It’s personal to you. We can help you with the offshore investment solutions you need to achieve your goals.
Speak to your Momentum Consultant to find out more or visit momentum.co.gg.
The IEO is a life insurance product, underwritten by Momentum Metropolitan Life Limited, a licensed life insurer under the Insurance Act. Momentum Wealth International (Pty) Ltd is part of Momentum Metropolitan Life Limited, an authorised financial services (FSP 6406) and registered credit provider. Momentum Wealth International (Pty) Ltd is an authorised financial services provider (FSP 13495) in terms of the Financial Advisory and Intermediary Services Act No 37 of 2002 in South Africa and part of Momentum Group Limited. Any information in this article is not intended nor does it constitute financial, tax, legal, investment, or other advice. Nothing contained in this editorial constitutes a solicitation, recommendation, endorsement or offer by Momentum Wealth International Limited.