Wealth Management & Retirement Planning
We offer our clients dedicated Wealth Management and Retirement Planning services. We focus on clients who have a minimum of R1 million to invest with us either in retirement funds or in discretionary assets such as shares, unit trusts or overseas investments. We are an independent advice-based practice, which means we are not tied to a specific product supplier. This allows us to offer objective independent advice. We use world-class financial planning solutions that allow our excellent financial planning staff to provide our clients with optimal solutions.
Our services
Tailor-made Investment Strategies
We develop tailor-made investment strategies for our clients. Our initial objective is to develop a proper understanding of our client’s current financial position and future objectives. We use this information to develop a proper investment strategy that is unique to our client. This strategy includes information on the level of risk that our client needs to take to achieve his or her financial objectives. We use highly advanced planning tools and a consistent, repeatable planning process to ensure that all our clients have proper investment strategies that suit their specific needs. We are an independent advice based firm, which means that we are not product sellers. Our independence allows us to offer objective advice that is right for our client – as we do not belong to a product house; we are not obliged to sell one company’s products.
Who are our clients?
We have 4 broad categories of clients.
Retired individuals: We specialise in working with retired people to ensure that their assets are correctly positioned so that they are able to retire with peace of mind. Entrepreneurs: We help business owners to structure their assets correctly and help them to plan for their future. This includes helping them develop the best structure for the ownership of their assets and the development of an exit strategy. High net worth clients: We develop investment strategies for our high net worth clients to ensure that their assets are correctly structured. Managing the risk of their investments is usually the biggest role we play as they do not want to take excess risk with all their capital. Widows and divorcees: It is our experience that these clients usually require a trusted advisor who can assist them with their financial affairs. Our role is to play the role of financial coach and advisor to ensure that they are able to make proper decisions about their finances.
Other services:
Risk management: We are not insurance specialists, which means that whilst we take into account risks that could affect our clients we often use external specialists to assist our clients when the need arises. These risks include disability, death and sickness. Estate and succession planning: This is a vital aspect of any financial planning, and often involves highly technical tax and legal knowledge. We normally use external specialists where we feel that their services are required. Tax consulting: We are not tax specialists but we do have relationships with various tax experts and will assist our clients in finding the necessary help when required.
Financial planning process:
We use the six step financial planning process as prescribed by the Financial Planning Institute (FPI) in South Africa and the Financial Planning Standards Board - a well recognised, international financial planning board. The steps are as follows:
We establish and define the professional relationship between ourselves and our clients so that each party knows what to expect We then gather all the necessary information that we need on our client including: current financial position and personal financial goals We use the information above to analyse our client’s financial position We prepare and present our solution and recommendations We then implement the plan Finally, we review and monitor our client’s financial position and investment strategy at least annually
To find out more:
If you would like to find out more about our Wealth Management and Retirement Planning services please contact Warren Ingram on 011 502 8800 or email warren@galileocapital.co.za
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