Discerning investors are increasingly looking to diversify their portfolios with alternative asset classes and ‘luxury’ investments. Standard Bank Wealth and Investment have responded to this by teaming up with leading fine wine merchants, Berry Bros. & Rudd to provide clients with direct access to leading expertise within this specialist market.
Berry Bros. & Rudd are Britain’s oldest wine and spirit merchants, founded in 1698. They have accumulated over 315 years of trading history and within this time have been awarded two Royal warrants.
The association with Berry Bros. & Rudd will not only enable Standard Bank Wealth and Investment clients to build their own bespoke investment cellars through dedicated portfolio managers, but will also provide the full Berry Bros. service including educational courses and unique events as well as trading functionality through BBX, the online wine trading market place.
The Knight Frank Luxury Investment Index tracks a basket of assets, including jewellery, art, stamps, coins, classic cars and wine. As a whole over the past ten years the index has risen 205%, with wine beating the index, gaining 234% in the same period. During 2014 wine rose 13% with the index adding 10%.
Deon de Klerk, Head of Standard Bank Wealth and Investment, Africa and International, said, ‘Our priority is to our clients and understanding what really matters to them. While we have real in-house expertise in the more traditional asset classes which continue to be at the core of their portfolios, we can’t ignore the fact that our clients are also interested in alternatives and luxury investments. In addition, wine collection and enjoyment form part of many of our clients’ chosen lifestyles. We have recognised this increasing interest in tangible investment assets due to their scarcity, ability to hedge against inflation and the fact they are uncorrelated to the financial markets. I am pleased to say that our association with Berry Bros. & Rudd will now give our clients direct access to top class expertise in this field.’
Berry Bros. & Rudd have put together an exclusive Cellar Plan for Standard Bank Wealth and Investment, with options which are not only designed for wine investors but also those who are buying simply for enjoyment.
With one of the lowest client to Wealth and Relationship Manager ratios in the industry, Standard Bank Wealth and Investment provides a full and bespoke range of wealth management solutions for High Net Worth clients in, and interested in Africa.