Why estate planning is so important

The crux of Estate planning is protecting your family and loved ones. Sadly, it seems like many people devote more time to planning a vacation, which is most likely a sign of the level of discomfort they feel around the subject.

Deciding who will inherit your assets after you are gone is usually a difficult topic to broach, but it is one of the most important life decisions you can make. Without estate planning, you cannot select who receives your belongings and assets that you have spent your whole life accumulating.

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Stockbroking – What It Is and What It Entails

Stockbroking is performed by individuals who buy and sell stocks, securities, and other financial shares through the stock exchange. It is a vital role in the financial services industry. Stockbrokers perform this task on behalf of their clients, who may be private individuals, companies, or institutions. Stock brokers work closely with fund managers, financial advisors, wealth managers, and other financial planners to establish a stock portfolio that best suits their client’s investment goals and risk profile.

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Why Consider Cash Management Services?

There are several things a person or company can do to improve the efficiency of receivables and payables. Implementing a strict cash management system is one of them. Cash management is the process of managing cash inflows and outflows. This process is important for individuals and businesses because cash is always the primary asset used to invest and to pay any liabilities. Managing cash flows effectively leads to higher working capital and better operating cash flow. The ultimate goal of cash management is to maximise liquidity and minimise debt.

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What is Short-Term Insurance?

As the name suggests, short-term insurance protects assets for a short period. This type of insurance is designed to give you peace of mind and temporary protection against loss or damage to your private property when certain insured events occur, such as vehicle accidents, vehicle theft, or hijacking.

There are various types of short-term insurance: personal, travel, and commercial. However, not all insurance companies have a licence to sell all these types of insurance.

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Fiduciary Services and why it is important

Although personal fiduciary services are a vital part of everyone’s financial portfolio, it is often a sensitive topic  that people would rather avoid. But ensuring that your loved ones are cared for after you pass away is a critical component of a comprehensive estate plan.  The confusion, uncertainty, and negative financial implications of dying intestate may be more severe for your loved ones than had you taken time to plan their financial future while you are still alive.

Personal fiduciary services may be as simple as ensuring that your last will and testament is adequately structured to cater to the needs of your family. This may include the distribution of cash, assets, company ownership, and individual inheritance clauses. Updating these documents when circumstances change is also important – specifically in cases where there are divorces, second marriages, or children from multiple relationships involved.

In this article, we at Efficient Wealth explain what fiduciary services are and why they are so important.

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Investment Management vs. Wealth Management

While investment management is an important segment of financial planning and overall wealth management, wealth managers take a more holistic view of a client’s financial health. Our expert financial planners at Efficient Wealth are proven leaders in the financial industry in South Africa. We specialise in wealth and investment management. With this in mind, in this article, we will explain how the two professions differ and why you may need the professional services of both.

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4 Types of Financial Planning

Different types of financial planning can aid you in achieving discipline over your finances and a layout a concise direction of where you wish to be in your life. In this article, we’ll discuss the four types of the practice and how sacrificing funds to support them will benefit your life now and in the future.

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The 5 Steps of Successful Financial Planning

There is never a wrong time to begin with a financial planning strategy that will best suit your needs for your future. Starting as young as possible is always the best option but re-evaluating your financial situation later in life is also a healthy exercise. Having a financial plan assists you in assessing where you are today and where you want to be in the future. The leading financial planners at Efficient Wealth explain five steps to get you started.

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Comparing Business-related vs. Personal Financial Services

Business-related vs. Personal Financial Services

For your business, Efficient Wealth’s business-related financial services involve managing your income revenue streams, cash management accounts for debts, assets and liabilities. Business  assurance and fiduciary services also ensure that your business can continue even if you are not there anymore. Personal financial services on the other hand involve your financial security and the financial security of your family and loved ones. This could entail everything from expert advice on immediate budgeting adjustments and short-term insurance, to planning for a baby, dread disease and medical cover, retirement planning, and life assurance.

Competent, expert financial services for your personal and business ventures can help you to get a head start on your and your family’s financial well-being. The right time to seek advice on these sometimes-complicated, ever-changing financial decisions is always now. So, whether you are just starting out, re-assessing your liquidity or simply reaching a stage where you would like your money to start working for you, it is time to consider partnering with the trusted financial experts at Efficient Wealth.

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The Value of Partnering with an Expert Financial Advisor

If dreaded disease cover is left disregarded and you or a loved one is diagnosed with a serious ailment, it could lead to financial distress or even bankruptcy.

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