Carrick appoints new head of international offices

CAPE TOWN, 03 January 2018 – Carrick Wealth Management today announced that Greg Stockton would head up all its international offices – Zimbabwe, Botswana, Malawi, and Mauritius – following his promotion to the Board of Directors. CEO Craig Featherby said Stockton was the ideal person for the post, pointing out that he had developed, nurtured,…

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Diversify offshore against uncertainty and instability

News headlines these last few weeks have again confirmed that we live in times of much uncertainty. While there is much social upheaval and political and economic uncertainty in many parts of the world, investors in particular in South Africa and the region are bombarded almost every day with negative news that makes them nervous…

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Confusing your UK domicile status can have costly UK tax implications for expats

As a British expatriate living in South Africa or elsewhere, it is extremely important to fully understand the difference between the terms ‘domicile’, ‘deemed domicile’ and ‘residency’, and to know which status applies to you. Not knowing the difference and assuming the wrong status, could prove to be a costly mistake. This is especially true…

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UK pensions affected by Bank of England rate hike: what to do?

The decision by the Bank of England (BoE) to increase its benchmark interest rate for the first time in more than a decade, caused quite a stir, even though it had been widely anticipated. As usual there will be winners and losers. In reaction, financial experts and other commentators focused much on the implied pros…

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Protecting your investments against possible Capital Gains Tax increases

It is common cause that the South African Treasury is desperately looking for sources of income as it faces a revenue shortfall that some predict could be as high as R50bn. It needs to narrow the deficit, reduce government debt and is also looking for in excess of R100bn to bail out struggling state-owned enterprises…

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Navigating foreign exchange as an essential element of offshore diversification

The many uncertainties of our times demand meticulous planning and sophisticated investment strategies to protect and grow one’s wealth. The key has always been diversification of one’s investment portfolio, which prudently should include a substantial offshore investment allocation. This immediately also brings to mind the complexities of the foreign exchange environment and finding efficient foreign…

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Protect your wealth

  Warren Buffet reputedly said that it takes twenty years to build a reputation and five minutes to lose it. The same could be said of wealth: it takes time to build but it can be lost in an instant. Your overarching principle should be to protect what you have built in order that it…

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Women in leadership: Secrets for success

Samantha Taylor-Bowen – Carrick’s Director of Client Servicing, Training and Development – shares her advice to succeed as a woman in the financial services industry.   We’re almost near the end of August, the month dedicated to recognising women and their achievements. What better way to celebrate it than empowering young women in the financial…

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5 investment essentials: Lessons taken from a transatlantic SUP Crossing

While storyboarding for our new brand video with our official Brand Ambassador, Chris Bertish (watch it here), I found myself reflecting. Throughout the entire process of both opening Carrick Wealth’s doors in 2014 and sponsoring Chris’s transatlantic SUP (Stand-Up Paddleboard) Crossing in 2017, something occurred to me. This is that there are indeed valuable lessons…

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