GCI Wealth Saves IFA Practices with Effective Succession Planning
Thinking about the future can be exciting and, sometimes, overwhelming. We can’t predict with complete certainty what each day will bring but we can plan for the worst, and hope for the best.
Effective Succession Planning
By implementing an effective succession plan through GCI Wealth, a range of IFA practices have been able to actively plan for a future they cannot predict. Unfortunately, as part and parcel of living in South Africa, elements of crime are never far from our minds. As recorded by CrimeStats.com, in South Africa alone, 16914 were reported during 2014. That equates to an astonishing 46 murders per day in South Africa.
GCI Wealth’s Experience
GCI Wealth has experienced this first hand when a close colleague and friend, Jochen Radel was brutally murdered in Stellenbosch during August 2013. As an authority on succession planning in South Africa, GCI Wealth was able to protect his family and clients during a traumatic time, and managed to ensure that a healthy multiple of revenue was paid to his Family. We couldn’t bring him back, but we could ensure that his family was well taken care of.
Succession Planning with GCI Wealth
GCI Wealth has completed dozens of Succession Plans and paid Wealthy Multiples of up to 10-X Revenue. For example, an Independent Financial Advisor, aged 60 with a practice earning a trail revenue of R100 000 and an average initial commission of R20 000 would be paid 7.75-X multiple of revenue due to us increasing his book size by inflation post retirement till death at age 85.
We can help you plan for an unpredictable future!
Contact Troy Laas (firstname.lastname@example.org) for more information and to be included in our October Succession Seminar in a province close to you, to witness live testimonials of this unique and life changing Succession Plan.