Derek Smorenburg

Derek started working as a Junior Messenger on the South African Railways and Harbours in 1963 at the age of 19.

In April 1966 he commenced his journey in the Financial Services Industry with the Yorkshire Insurance Company, Standard General Insurance Company, Willis, Faber, Dumas and Roland (Standard Bank Assurance Brokers) and Southern Life before in 1987 he started a Brokerage; the Financial Group.

He was the key initiator and developer of a world first umbrella fund administration company Total Care Strategy that led to the first-of-its kind registration of Umbrella Fund Rules in 1989 by the then Office of the Register of Financial Institutions (FSB). In 1999, Total Care Strategy was sold, in partnership, to Sanlam Employee Benefits to become Sanlam Umbrella Fund Administrators (SUFA).

He was, until March 2020, Chairman of the Board of Trustees for the Sanlam Umbrella Funds. During 2010 Derek established with Sanlam the Professional Business Risk Analysis Council (PBRAC) with336 brokers. In 2011 he ran an informal South African Independent Financial Advisor Association (SAIFAA – formally PRAPA).

During the period 2011, 2012, 2013, 2014, 2015 he facilitated multiple SAIFAA (PRAPA) Workshops and Conferences attended by over 800 Delegates sponsored multiple Product & Service Providers. During 2016 he started with the formalisation of SAIFAA “The Voice of The IFA” that became a reality during August 2017 with in excess of 100 Founder Members.

Thus far in 2020 he has launched three world first’s namely the ‘Certified Post Retirement Practitioner CPRP® Webinar and Designation Program, the 21 ‘ultimate’ client-agenda ‘Due Diligence’ questions when appointing Financial Advisors and the Independent Employee Benefit Consultant (IEBC) Webinars.

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