Risk Profiling is a hot topic in the financial planning industry at present. The Financial and Intermediary Services (FAIS) Ombud and the Financial Services Board have clearly indicated that they see risk profiling as an important and integral part of the advisory process, and a pillar of the Treat Customers Fairly (TCF) initiative. By contrast, many financial planners see it as a highly problematic exercise, and one
Financial advisors face critical challenges. If they continue to follow traditional strategies, they are unlikely to be able to maintain profitability over the medium and long terms, says Alex Cook, CEO of GCI Wealth. “The number and scope of challenges that financial advisors face means that business as usual is becoming less viable now, and will dramatically reduce their chances of success into the future,” says Co
The confusion over the projected reform of retirement fund regulations clearly shows that there is a critical need for education and advice. Employers and labour lawyers should be partnering with independent financial consultants to deliver better value. We can all agree the South Africa is going through difficult economic times. Click here to read more Article Source: Cover Magazine
With the ongoing pressures in the economic and financial landscape and the recent results of the Brexit referendum, CNBC Africa’s Gugulethu Cele speaks to Natasja Hart, Certified Financial Planner at GCI Wealth for some financial tips to weather the storm. Source: CNBC Africa
All the major providers of financial products still require your financial adviser to complete an investment risk questionnaire before they will accept investment applications from their clients, despite the fact that these questionnaires are “fundamentally flawed”, the annual conference of the Financial Planning Institute (FPI) heard this week. Anton Swanepoel, co-founder and director of Amity Wealth who has been in
We underestimate how much of our financial behaviour is conditioned by lessons we learned from our parents. Understanding this conditioning is critical for our future financial wellbeing – and that of our children. Here’s how to use that understanding to become aware of your financial actions and their consequences, and to take appropriate action. “What’s your first memory of money?” That’s a question I frequently as
Selling your brokerage or financial planning consultancy can seem like the obvious exit strategy, but there are numerous pitfalls. Knowing what to look for is the first step to a successful succession plan. There are many good reasons why independent brokers and financial advisors need to have an effective succession plan. For one thing, the Financial Services Board mandates it, in order to protect the interests of c
Planning for a financially secure retirement is hard enough, but life often bowls a curve ball. The company retirement fund and group life policy is the best way a company can help.
By Jeremy Hawson, GCI Employee Benefits Divisional Manager
Participation in a group life scheme and retirement fund remains one of the most valuable employee benefits a company can offer, but they’re often... more»
"Good morning Alex, It takes a Special person to look after the interests of others. The ability to move funds and portfolios quicker than the rest was the selling point for me. Thank you for your wonderful work...."
"My husband passed away on the 15th July 2014 due to a massive heart attack. At that time I was unaware but was recently informed that it was members of the GCI Team that played a major role in helping..."
"Dear Mr Conway, I have been dealing with you for six years now and thought I would send a brief letter to you to express my appreciation for the service I receive. I have found GCI standard of service beyond..."
"My husband, Adrian Wright who was a Director of GCI (in Sedgefield, Western Cape), died very suddenly after a short illness in January 2009. Although I was fundamentally aware of our financial position, I was totally ignorant of tax implications,..."
"Dear Alex, It must be about 3 years since I decided to merge my business with GCI Wealth Group. I had spent many years building up my client base and have always operated on the basis of offering my valued..."