Best RA

koeidels said:
Okay, I need some advise from you guys.

Not too long ago I was young and stupid and said yes to the first f*cker financial advisor that approached our graduate class. So below is a breakdown of the %'s of my contributions going to his sidepiece's holiday-in-Mauritius fund. Needless to say I've gotten the process started on a Section 14 transfer (should've done so way earlier I know), but I still don't under stand the last bit how could the EAC on the Advice fees go down if its related to the total fund fee? :

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It could be a large advice fee for the first few years then an ongoing percentage.
 
beefymoocow said:
It could be a large advice fee for the first few years then an ongoing percentage.
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My guess is also this.

Many of these funds pay the broker a large commission and the management team a large advice fee in the first number of years as they know very few investors contribute to the fund until retirement day. They therefore want to take their dues while money is still being injected into the fund.
 
koeidels said:
Okay, I need some advise from you guys.

Not too long ago I was young and stupid and said yes to the first f*cker financial advisor that approached our graduate class. So below is a breakdown of the %'s of my contributions going to his sidepiece's holiday-in-Mauritius fund. Needless to say I've gotten the process started on a Section 14 transfer (should've done so way earlier I know), but I still don't under stand the last bit how could the EAC on the Advice fees go down if its related to the total fund fee? :

View attachment 1453609
View attachment 1453611
Click to expand...

Who cares about that advice fee, the marketing and administration BS is the real killer.
 
My honest advice. Just get away from these leeches! Dont worry about the EAC’s, put your investment goals first

The sad part, you taking the risk. Their fees are gaurenteed! Your growth aint
 
beefymoocow said:
It could be a large advice fee for the first few years then an ongoing percentage.
Click to expand...

Affieplaas said:
se funds pay the broker a large commission and the management team a large advice fee in the first number of years as they know very few investors contribute to the fund until retirement day. They therefore want to take their dues while money is still being injected into the fu
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The paperwork just states 4.1% (the % gets lower if your fund increases, but only down to 3.5% for the amount above R1m. I can't see anything about % change over time - but maybe that was mentioned sometime, somewhere, but I just can't find any paperwork on that.

supersunbird said:
Who cares about that advice fee, the marketing and administration BS is the real killer.
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It's a bit confusing, but the Yearly Marketing & Administration == Advice fee in this context.
 
koeidels said:
The paperwork just states 4.1% (the % gets lower if your fund increases, but only down to 3.5% for the amount above R1m. I can't see anything about % change over time - but maybe that was mentioned sometime, somewhere, but I just can't find any paperwork on that.


It's a bit confusing, but the Yearly Marketing & Administration == Advice fee in this context.
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Yeah. I’m not too keen on the Sanlam retirement.
 
Differences between Sygnia "Skeleton Balanced 70" and the "Skeleton 70" fund?

From what I gather in their fact sheets here and here, the latter requires a life policy beforehand with Sygnia correct? The fee structure isn't mentioned either. Anything else worth knowing?
 
Lefty309 said:
Differences between Sygnia "Skeleton Balanced 70" and the "Skeleton 70" fund?

From what I gather in their fact sheets here and here, the latter requires a life policy beforehand with Sygnia correct? The fee structure isn't mentioned either. Anything else worth knowing?
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I know there are 2 versions of the skeleton 70 product. One is a guaranteed fund. Never heard of the balanced version.
 
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Lefty309 said:
Differences between Sygnia "Skeleton Balanced 70" and the "Skeleton 70" fund?

From what I gather in their fact sheets here and here, the latter requires a life policy beforehand with Sygnia correct? The fee structure isn't mentioned either. Anything else worth knowing?
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Why? Just go with the balanced 70 fund.
 
backstreetboy said:
Why? Just go with the balanced 70 fund.
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The balanced version is popular and ranks highly on different sites. But I've never heard of the non-balanced version which looks like it has better performance from inception till now. I guess I'm looking for firsthand opinions.
 
Lefty309 said:
The balanced version is popular and ranks highly on different sites. But I've never heard of the non-balanced version which looks like it has better performance from inception till now. I guess I'm looking for firsthand opinions.
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It's a different product...
https://ra.sygnia.co.za/personal-investments/frequently-asked-questions
A unitised life fund is very similar to a unit trust, but it may only be used in certain products. It also allows investors to pool their assets into a single portfolio managed by a professional manager that provides daily unit prices. Most unitised life funds will comply with Regulation 28.
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It is however important to note that unitised life funds are not suitable for investors who might need instant access to their savings. This is because to invest in one of these funds you have to invest in a Sygnia Life life policy, with a minimum term of five years and limited early withdrawals.
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I actually chatted to Sygnia today

A new fund started. Sygnia signiture series.

Apparently its beating the skeleton range
 
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