Annual Cross-Border Considerations For Advisors

Join us to gain insights into the changes, challenges, and opportunities of utilising one’s professional skills to enhance the customer and advisory journey.

We would like to invite you to join and experience an intellectual powerhouse of local and international experts, participate, and open the door to discussions and follow the trends that will ignite client and peer-to-peer discussions and engagements, dealing with a variety of topics from wealth taxes to true legacy planning from a diverse network of professionals. 

Through our extensive networks and knowledge hubs, we managed to source experts that will deal with different elements of wealth transfer and succession planning, seeing that the greatest transfer of wealth is under construction, either because of intergenerational realities, trigger events for families and businesses, or due to geographical trends, or because of different marketplace dynamics. Wealth will be exchanged and has exchanged hands and hearts, generally at a time and place where it is unleashed into the unknown world, where pro-active planning steps secure a better outcome for all.

Overview

Whilst the numbers and reasons for wealth transfers and intergenerational planning might vary, and where some estimate the number at $68 trillion, we understand that clients will need expert advice to support the protection and transfer of their legacies and businesses, through solid knowledge, based on customised professional support. Why not join the discussion and enhance your knowledge pool where we share ideas on how to navigate the various elements of a changed advisory landscape, which is geared towards uncertainty that requires another level of professional guidance that will create a protective barrier.

Join the networks and gain insight into the wealth and succession planning arena. Through years of dedication, these experts will share different ideas with the audience that will embrace the concept of co-creating a family and business legacy through professional planning strategies, from highly technical topics to softer issues that will highlight the importance of collaboration between specialists and the importance of utilising innovative thinking and solutions creating a global client outlook.

Preserving and growing wealth through optimising planning strategies, avoiding costly mistakes and implementing good governance

Advice is multi-layered and overlaying the complexities is the constant and fast-paced changes to local and global legislation, international efforts for aligned taxes and reporting, local and global business operations, asset locations, taxes and family footprints and dynamics. Bringing together the complexities and advising clients requires an understanding of current trends and the diversification of wealth.

Key considerations

The complexities of advice and the changes to the advice landscape for families and business owners can be navigated by finding an international network, using different planning techniques and advice methods. Advisors must gain an understanding of how to plan for clients with a collection of art, classic cars, wine and whisky, coins, and stamps. The criteria for exotic investments are broad and they are generally tangible items.

Compliance and reporting are key, South Africa is an early adopter of the international standard for the Automatic Exchange of Financial Account Information, advisors must understand the reporting requirements and risk of non-compliance

Hybrid conference format

24 August 2022 I Pre-event cocktail function 14:00–18:00

Cape Town I FNB Portside, 5 Buitengracht St, Cape Town City Centre, Cape Town

Online I Live stream

25 August 2022 I 08:00–16:30

Cape Town I FNB Portside, 5 Buitengracht St, Cape Town City Centre, Cape Town

Online I Live stream

Conference topics: Day 1

• Keynote address, Jeff Hoffman and Paul Harris
• Trusts: A UK perspective, Graeme Whitfield and Gavin Shaw
• Creating and finding opportunities in an ever-changing legislative landscape for families and businesses: Tax and Excon, Hanneke Farrand and Chantal Robertson
• Key learnings from watching hundreds of hours of asset owner interviews, Rob Rowan
• Changes in the wealth management world, 2022 and beyond, Murray Anderson

Conference topics: Day 2

• Different jurisdictions: Pros, cons and what has changed from a business and personal planning point of view, Kersley Vinay and Willem van der Merwe
• Innovation in family governance: Legacy as a vital anchoring, engagement, alignment, and inspirational tool, Zita Nikoletta Verbényi
• Wealth tax in SA? The Swiss experience: A comparative analysis, Dan Foster
• Taxes for multinationals: How to not approach tax planning and planning for a changed outcome, Andrew Wellsted, Hanneke Farrand and Lauren Cunningham
• When "I do" becomes "I don't"... A holistic approach to multi-disciplinary divorce planning in modern-day South Africa, Henda Kleingeld
• Estate planning: Events and the impact on family wealth and businesses during your lifetime and the next generation, Shivashni Bhogal, Nashvir Ashok and Andrew Aitken
• The trusted advisor’s role in wealth creation and preservation: Collaboration, regulation, and the alignment with wealth owners’ interests, Markus Schwingshackl
• Cross-border family and wealth governance to support growth of the family wealth at international levels and intergenerational: Technical and practical side of planning, Roelf Odendaal and Creagh Sudding
• The art of mentoring the next generation and succession planning: Family governance and succession planning, from Africa and beyond, Tsitsi Mutendi, Amanda Mathule and Andrea Benkenstein
• The art of philanthropy for generational estate planning discussions and beyond, Andile Ncontsa, Lesego Ndala and Malcolm Horn
• How approaching families, businesses, and advice from an innovative perspective will improve the outcome for all, Reinhard Peter Moors

* Please note, programme and topics are subject to change. 

** The conference will also be streamed as a live webinar, offering flexibility and convenience, for delegates that are unable to attend the face-to-face event

Competencies developed in this CPD

After attending this event, you will be:

• Updated about the national and global advisory landscape for ultra-high-net worth (UHNW) families.
• Able to understand different jurisdictional challenges and opportunities for clients, from a tax, exchange control and comparative point of view.
• Informed in terms of international tools and networks that you can use for your practice and areas to improve your business flow and client service model.
• Able to assist clients to use methods and techniques to preserve and protect wealth that will last longer through international legacy insights and trends.
• Knowledgeable about the importance of next generation topics to help clients reach the next level of wealth and succession planning.
• Informed about the importance of philanthropy in the wealth and succession arena and how to incorporate this into your conversations.
• Able to provide valuable insights to clients in terms of wealth taxes straight from Switzerland to South Africa.

CPD

This event and successful completion of the online assessment will secure 12 hours verifiable output Tax CPD points.

Event investment

This webinar does not form part of any CPD subscription package.

Face-to-face - Cape Town (24 and 25 August included):

Regular price: R1 350.00

SAIT price: R1 080.00

Live stream webinar (24 and 25 August included):

Regular price: R890.00

SAIT price: R712.00

Group price (max 5 people): R1 800.00

Payments and cancellations

• All payments must be made by EFT or by credit card, at least three working days before commencement of an event.
• Kindly note that should payment not be received two days after the event, legal action will be taken.
• Proof of payment will be requested upon registration if payment does not reflect on The Tax Faculty’s bank account.
• Only written notice of cancellation will be recognised.
• Conditions:
  • If the cancellation occurs more than four working days prior to the event, no cancellation fee will be charged.
  • If the cancellation occurs less than four working days prior to the event a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• The Tax Faculty’s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here for the full terms and conditions.