A pro-business state of the nation address: How President Ramaphosa, once, again, delivered a pro-business message
In his latest State of the Nation Address (SONA), President Ramaphosa, once again, delivered a pro-business message.
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Why Financial Planning is Necessary
Why Financial Planning is Necessary for Your Future
Preparation for the future is essential. It can help to reduce risk and build a stronger financial position. Financial planning can help you grow your wealth and diversify your investment portfolio. It helps you to manage money better and makes it possible to grow your net worth. Other benefits include maintaining your current standard of living even when you retire, building a contingency plan for unforeseen challenges, and investing in your children and their education.
Here are some key reasons why financial planning is necessary:
- Minimise the risk of losing your wealth due to a disability, dreaded disease, or accident.
- Minimise the risk of losing wealth because of changes in the economic environment.
- Make provision for your retirement to maintain your living standard.
- Ensure the future economic wealth of your children and grandchildren.
- Reduce your tax exposure.
- Ensuring that you have a valid will in place for your children.
- Help you to be prepared for any economic challenges.
- Help you build up wealth through proper portfolio management.
- Diversify your portfolio, thereby creating more opportunities for wealth creation and reducing risks.
- Make it possible to achieve your specific wealth goals.
- Enable you to retire earlier.
- Enable you to gain independence.
- Improve your cash-flow management.
- Create clear direction.
- Increase your savings.
Role of Financial Planners
Financial planners help clients to invest wisely to create wealth for the future. They also assess the current life situation of clients and then offer custom investment plans that will take into account all the factors that will affect the client’s financial security in the coming years.
How We Do It
We have developed a state-of-the-art needs analysis approach, and making use of cutting-edge technology, we keep improving the system to adjust to changes in the investing, risk, and wealth creation environment.
The comprehensive analysis is tailored to your specific needs. Together with the structured approach, certified planners analyse the information, give recommendations, and develop a strategy to help you reduce risk, improve income-generating potential, and secure your wealth.
We offer you certified retirement plans to help ensure that you will be able to maintain a high level of living standard even after you have retired. Our advisers help with estate, dreaded disease, and disability planning. In addition, you get access to insurance options to help minimise your risks. Finally, we also help you with tax structuring and planning.
To Conclude
Financial planning is about preserving, protecting and increasing your assets with the help of experts. It is about the security of your future wealth. The rules of the game, economic environments and political climates constantly change, making it difficult to know what to do. Happily help is available.
At Efficient Wealth, we make it our business to monitor, adjust and manage strategies tailored to the benefit of our clients for their wealth securing and growth. Let us help you make the best of your future with professional financial planning that takes all relevant aspects into account. Reach out for a consultation today.
Personal Investment Management
Personal Investment Management: How You Benefit from Expert Help
Investment management is one of the most important aspects of wealth growth. Different people have different financial goals, and managing these investments to match those goals can be difficult. This article discusses what it entails and how it can be managed in a way that is best for you or your business.
What is Investment Management?
It is the process whereby financial planners select and manage financial assets to meet the return on income goals of the investor. The service entails the provision of guidance, portfolio management, planning, and monitoring and analysis services for the client.
Who Handles the Process?
Portfolio managers who specialise in wealth creation and managing of funds handle the process. It is also possible to use platforms under the guidance of experienced financial planners to grow and monitor funds. The professionals in our team provide advice on security, tax structuring of portfolios, bonds and stocks, among other things.
Why It’s Essential to Seek Professional Help
Financial wealth is not created overnight but can be gone in only a day if you make the wrong decision. It’s imperative to have experts who monitor everything from unit trusts and stock markets to changes in the economic environment and any other aspects that can affect your wealth. Qualified professionals can advise you on the best wealth building and securing vehicles.
It’s not just about the here and now. You want to grow and secure your personal wealth. To do so takes time, flexibility, the right selection of investment vehicles and ongoing monitoring. Clear goal setting is vital, as is risk distribution. Our financial experts work alongside you in choosing the best options to match your short, medium, and long-term security, income-generating, and growth needs.
How We Do It
We start with a comprehensive analysis of your current wealth portfolio. Using the information gathered, we draw up a plan that matches your wealth and financial security goals, risk portfolio, expected return on investment, long and short term goals, liquidity of funds, and any special income needs.
The next step entails actively managing the portfolio over the selected period. This is done in close collaboration with a certified and expert financial planner to ensure the necessary adjustments are made and the strategy is tweaked over time to adjust to changes in the economic environment and your personal circumstances.
What We Offer
As part of our investment management services, we offer the development and ongoing improvement of personal share portfolios. This includes the identification of approved unit trusts, approved funds of funds, several platforms for compulsory and discretionary funds, and tax-efficient international investing.
Experience the following benefits when making use of the investment management services:
- Having a portfolio manager to monitor and grow your portfolio.
- Financial planner and advisor to provide optimal investing guidance.
- Professional and comprehensive risk analysis.
- Financial wealth growth analysis.
- Convenience of single point contact.
- Access to approved and proven investment management services and products.
Experience the convenience of having a professional team to manage your wealth portfolio. Reach out for expert guidance on how to get started.
Professional Fiduciary Services
Fiduciary Services: Help with Wills and Estates in South Africa
One of the often overlooked, yet, crucial aspects of financial planning is to make provision for succession. To this end, as part of our fiduciary services, we advise clients to do proper estate and financial planning, including the drafting of their will.
If you pass away without a proper and legally sound will in place, everything you have built up over the years will go to waste. The state will decide what will happen to your assets.
Your will must be updated every few years and whenever you sell assets like property. This is also true when you acquire new assets. What happens to the shares you have in a company when you pass away? These and other questions can be answered and dealt with to ensure your loved ones are not left without income or their inheritance.
Our range of services include, but are not limited to:
- Drafting of wills.
- Reviewing wills.
- Consulting on aspects of estate planning.
- Succession planning.
- Consultation related to testamentary trusts.
- Administration and liquidation of insolvent and deceased estates.
- Provision of a range of independent trustee fiduciary services.
Making use of our firm and its services holds several benefits, such as:
- One contact point for consultation, administration, and management of fiduciary aspects, helping you to maintain better control over important aspects like your will, trust, and estate.
- Proper succession planning by professionals to make provision for the future wealth and well-being of your family and dependants.
- Competitive prices with a fee structure tailored to your needs for will, trust, and estate administration.
- Well-established and credible national brand infrastructure for support and access to financial expertise.
- Professional and expert consultation services.
More About the Role of a Fiduciary
In legal terms, a fiduciary is an appointed person or organisation to act on behalf of another person. In most instances, the person works with trusts, wills, testaments and estates. To undertake this role, financial, and legal expertise is essential.
When you entrust your will, trust structuring and administration, estate planning, estate management or administration, and likes to our firm, you have the assurance of well-qualified and experienced professionals providing you with advice and ensuring the best management of your trust and estate according to best practices in the industry, and in compliance with legal requirements.
With the responsibilities and legal requirements associated with the role, you need experts who understand your particular will, testament, estate and trust structuring and administration needs. We meet every requirement of the role, including:
- Putting your needs and interests first.
- Committing to perform our legal responsibilities in line with the requirements of the relevant laws.
- Committing to giving you sound financial advice for the best possible outcome for you as our client.
Where to Get More Information
We are bound by the standards for the industry to uphold your best interests. Whether you need expert guidance in setting up a trust, want help with the drafting of a living will, or need assistance in administration of a deceased estate, reach out for more information about our range of fiduciary services.
Hassle-Free Personal Wealth Management
Hassle-Free Personal Wealth Management is Possible
Wealth management is often mistaken for investment portfolio building. The difference lies in the comprehensiveness of each. Whereas investments are often focussed on stocks, shares, properties and commodities, personal wealth management focuses on the investments together with insurance, estate planning, personal healthcare cover, cash management and financial planning.
With the comprehensive nature of long-term financial health in mind, let’s take a closer look at the services we offer to individuals.
- Investments & Portfolio Management
We have access to experienced and specialist investment affiliates and specialists. This ensures that we can meet your particular investment portfolio planning, structuring and growing requirements. Our consultants analyse your current investment portfolio and, based on the information, provide recommendations regarding optimisation of short, medium, and long-term returns while also helping to reduce your risk portfolio.
Whether you’re just starting out with investments or have a comprehensive portfolio which you want to streamline and have managed professionally, we can help. Our certified financial planners work with you to structure the portfolio to meet your retirement income requirements as well.
Our investment services include everything from personal share portfolio structuring to investment handling regarding approved funds and unit trust funds. This service offering also includes the usage of multiple investment platforms for compulsory and discretionary fund portfolios, in addition to identification and management of tax-efficient international investments.
- Cash Management
If you need to ensure the liquidity of funds to be ready for opportunities then you’ll appreciate our solutions tailored to your cash-flow and funds liquidity needs. This ensures that you will always have a portion of your investment funds available on short notice without losing out on interest and earning potential.
Without consideration for possible risks and opportunities requiring almost immediate funds, you can jeopardise your long-term wealth. To this end, we offer investments in money markets, call deposits, fixed deposits, term deposits and 32-day notice deposits to help keep a portion of your funds liquid. With this strategy, you have access to funds on short notice while you also benefit from objective advice and single point control over the funds.
- Short and Long Term Insurance
You face risks throughout your life. All these risks must be managed to minimise their impact on your wealth. With short and long-term insurance at affordable premiums from trusted providers, you mitigate the risks and safeguard your wealth.
Life assurance is essential when you take out a loan, but so is health insurance. From personal liability cover to vehicle and asset insurance, including household and property cover, are effective means to reduce the risk of having to pay a large sum to deal with an unfortunate event, such as roof collapse causing structural damage, etc.
We’ve partnered with Insure Efficient to bring you in-depth risk analysis, world-class solutions, and affordable rates to help minimise the risk of financial loss.
- Healthcare
As mentioned earlier, financial loss as the result of a medical emergency can affect your financial standing negatively. To ensure you have access to the most appropriate and best medical care when you need it, we have partnered with Efficient Med. We perform the healthcare cover analysis, ensuring you get a cover suited to your particular healthcare needs in line with your overall investment and risk strategy for optimal funds and risk management.
Reach out today to have our professional team assess your wealth management needs and benefit from our expert input, professional services, and tailored service offerings.