Standard Bank Wealth and Investment have joined up with 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, giving them over 315 years of trading history in wine and over that period, 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.
In terms of the value of wine, Standard Bank Wealth quotes The Knight Frank Luxury Investment Index which 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 per cent, with wine beating the index, gaining 234 per cent in the same period. During 2014 wine rose 13 per cent with the index adding 10 per cent.
Deon de Klerk, Head of Standard Bank Wealth and Investment, Africa and International, says: “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.”
Beyond that, de Klerk comments that wine collection and enjoyment form part of many of their 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.