Anyone know of a decent financial advisor in JHB/Sandton? I'm looking for someone who charges a fee for advice, not someone who gets commission for selling products or takes an x% fee every year for effectively doing nothing. Specifically looking for someone with experience in offshore investing and who understands the tax implications thereof.
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Financial advisor
- Thread starter JayM
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The_MAC
Honorary Master
Try Rudi from Financial Fitness - http://www.financialfitnessservices.co.za/
Thanks, some Googling shows they are well respected. Will give them a shout.
So it's a no for this bunch. They want up to 1.5% up front and then 1% every year with the same sales pitch every other FA uses.
It's possible to get fee based advice, but don't expect ongoing servicing and management of products on top of that if you're not willing to pay for it. 1% ongoing is definitely a bit high in my opinion though.
I highly recommend looking for a financial planner with the CFP mark. At least that way you know you're definitely paying someone with certified professional competence. I wouldn't pay anyone else to help with my finances..
Cius
Honorary Master
Can recommend Vickers and Peters financial planner too. Very honest group. Not sure if they operate on the up front fee model though. While I am a big fan of that model and have noted the rest of the world going that way the SA market is a long way off from that. Currently for some products it is not even possible to not have that ongoing fee which is just crazy and a fundamental conflict of interest if you think about it even a little.
