Several years ago, on my very first trip to South Africa, I had the pleasure of meeting Derek Smorenburg. A group of us gathered for dinner the evening before one of International Adviser’s events.
During the course of the meal, I learned a lot about Derek. From his love of taking cruises with his wife, to his deep passion for providing financial education to clients.
As evidence by his LinkedIn bio – which reads ‘Fighting for the rights of the Independent Financial Adviser’ – he was a fierce advocate for the industry.
But this didn’t mean he was blind to its faults and was equally committed to ensuring the best outcomes for clients.
His pride in the South Africa Independent Financial Adviser Association (Saifaa) and the work it was doing was plain for all to see.
As we parted, he clasped and gallantly kissed the back of my hand before wishing me good luck chairing the event the next day.
Fast forward several hours and I’m standing on the stage giving my welcoming address to a room full of financial advisers and in walks Derek, waving at me with both hands and wearing a tartan scarf in my honour.
It was not a subtle entrance – but I suspect that few would use that word to describe Derek.
Generous with his knowledge
It was at another one of our events several years later that I last met Derek in person, as we sat together he spoke at length about the changes needed to take the industry into the future.
We were in regular touch as the team at IA sought his views on developments in the South African advice industry.
It was only a week ago that we published his comments in our latest feature on M&A deals in the SA market.
Industry loss
Derek’s wife Linda announced his passing following a sudden hear attack on 19 June.
The outpouring of condolences to his family are evidence of the high esteem in which the industry held him.
These messages convey their shock and sadness – but also give a very clear measure of the man.
They speak of his kindness, knowledge, good humour, generosity, passion, energy and humility.
The South African financial advice industry undoubtedly owes a debt of gratitude to Derek Smorenburg.
His absence will be felt – but I strongly suspect that those who knew him best will take a little bit of Derek’s spirit with them as they carry on his legacy.
