On August 23, 2022, Discovery Group launched Cogence, South Africa’s first global discretionary fund manager. Combining asset allocation views from BlackRock with Vitality’s personalized data, Cogence aims to revolutionize wealth creation and enhance retirement planning in South Africa. Utilizing BlackRock’s Aladdin Wealth™ technology, Cogence provides sophisticated investment solutions accessible to financial advisors, supporting them in delivering improved outcomes for their clients.
Discovery Group has successfully launched Cogence, South Africa’s pioneering global discretionary fund manager aimed at revolutionizing wealth creation in the region. The platform will integrate asset allocation insights from BlackRock, a foremost global asset manager, with personalized investment strategies derived from Vitality, thereby offering sophisticated investment solutions and model portfolios. Cogence’s services will be further bolstered by BlackRock’s Aladdin Wealth™ technology, renowned for its portfolio analytics and risk assessment capabilities.
Adrian Gore, Chief Executive of Discovery Group, highlighted the dual motivation behind the establishment of Cogence, namely the increasing complexity of investment markets, and the growing demand from South African investors for global investment opportunities. He pointed out that recent regulatory changes allow pension and mutual funds to allocate up to 45% of their assets offshore, enhancing the potential for diverse investment strategies.
Furthermore, Gore emphasized the alarming statistic that over 90% of South Africans are unable to secure adequate retirement funds, thus increasing the importance of analyzing both risks and opportunities present in global markets. Cogence combines expert asset allocation from BlackRock with Aladdin Wealth™ technology and Vitality’s extensive data, equipping financial advisors with comprehensive tools to guide their clients on sustainable retirement planning.
Kenny Rabson, CEO of Discovery Invest, remarked on the complexities of modern financial planning and the critical role technology plays in modeling its impact. Andrew Keegan from BlackRock expressed pride in the collaboration with Discovery, aiming to furnish South African savers with access to global asset allocation expertise and innovative retirement solutions.
Additionally, Cogence will also collaborate with RisCura, a respected local investment firm, ensuring that South African investors benefit from both localized asset management experience and extensive research capabilities. Andrew van Biljon from RisCura acknowledged this partnership, emphasizing a shared understanding of the unique needs of local investors.
As the asset management landscape continues to evolve, financial advisors are increasingly challenged by regulatory pressures, currency fluctuations, and the prominence of alternative asset classes. Thus, the launch of Cogence is timely as it delivers managed solutions designed to simplify investment processes and mitigate compliance risks.
Gore concluded by reiterating the essential combination of behavioral science and global investment expertise Cogence offers, aimed at providing financial advisors the tools necessary to deliver enhanced insights and superior client service, ultimately paving the way for optimal retirement outcomes. Cogence’s inception marks a significant innovation in investment management in South Africa.
The launch of Cogence is a significant step in the South African financial services landscape, addressing the growing complexity of investment markets and the need for better retirement planning solutions. South Africa has witnessed recent regulatory shifts that allow investors greater access to offshore assets, resulting in increasing demand for global investment strategies. Moreover, the stark reality of financial insecurity for many South Africans accentuates the necessity for innovative wealth management solutions tailored to enhance retirement preparedness. With collaborations between Discovery, BlackRock, and RisCura, Cogence aims to utilize technological advancements and personalized analytics to pave the way for more informed investment decisions.
The introduction of Cogence as South Africa’s first global discretionary fund manager marks a pivotal development in enhancing investment strategies for wealth creation and retirement planning. By leveraging the combined expertise of Discovery and BlackRock, alongside advanced technology and local market insights, Cogence is poised to assist financial advisors in bolstering their clients’ investment outcomes. As the financial landscape grows increasingly intricate, such innovations are essential for supporting South African investors in realizing their financial goals and ensuring a secure retirement.
Original Source: www.mynewsdesk.com
