Why I love my LISP

It’s a busy world, and most of us don’t have time to track market news, and administer investments on multiple platforms at various institutions.

If, like me, you are a bit of a control freak but have limited time to stay on top of personal investments then a Linked Investment Service Provider (LISP) might be exactly what you are looking for.

A LISP is really a nifty one-stop-shop for managing all your savings products – including unit trust investments, retirement fund products, tax-free savings accounts, emergency funds and conventional investments.

Instead of investing with each individual institution such as Allan Gray, Sygnia or Investec – you can mix, match and blend investments using a LISP platform, which gives you access to all the products in one place.

Investing through a LISP simplifies your investment application – you will only be required to complete one set of forms and required documentation.

This cuts out the administration and paperwork around opening accounts at various unit trust managers.

It also saves you having to log into multiple websites to determine how your various savings are doing.

The LISP handles all your transactions, and provides a snapshot view of your entire financial position.

In one glance, you can see your net value, and how this changes over the months and years.

And a LISP provides you with consolidated reporting so you receive one set of investment tax certificates per annum, making tax returns a breeze to fill in.

One less thing to worry about!

ADDITIONAL NOTES

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NIC BROWN

LEAD SOFTWARE ARCHITECT, SYGNIA GROUP**

Nic is a Software Architect with over 14 years of experience in software engineering. Before joining Sygnia in March 2013, Nic worked at Jam Warehouse Software, fulfilling a spectrum of software-related roles including senior engineer, team lead, project manager and business analyst. He was responsible for technical leadership and the implementation of line-of-business products and bespoke solutions. Clients included Tesco Plc, The Foschini Group, SAB Miller, Pick n Pay, Pam Golding and Woolworths.

Prior to this he worked at open source start-up Exinet on VirtualBook, and a programmable corporate governance assessment system for a Swiss-based academy for board member development.

SYGNIA GROUP

The Sygnia Group comprises six operating companies; Sygnia Life, a life assurance company, Sygnia Asset Management, a licensed asset management company, Sygnia Collective Investments, a unit trust company, Sygnia Financial Services, a LISP, Sygnia Securities, an execution-only stockbroker and Sygnia Systems, a financial software development company.