South Africa is home to a significant portion of Africa’s high-net-worth individuals (HNWIs), with a combined wealth of over 650 billion US dollars, according to the 2023 Knight Frank Wealth Report.
However, the country has seen a 25% decrease in its HNWI population between 2012 and 2022, as reported by Henley Global’s 2023 Private Wealth Migration Report. This outflow, attributed to factors like safety concerns, political instability, and load-shedding, has prompted wealth management companies to rethink their strategies.
In this article, we will explore the landscape of wealth management companies in South Africa, highlighting the key players, the services they offer, the challenges they face, and the innovative strategies they are employing to thrive in this dynamic market.
wealth management companies in South Africa
1. PSG Wealth
Company name | PSG Wealth |
Website | https://www.psg.co.za/ |
Founder | Part of PSG Konsult (PSG Group) |
Founded year | 1998 (as part of PSG Group) |
Country Origin | South Africa |
Company CEO | Etienne de Waal |
Market capitalization | 20.67 billion ZAR |
Annual revenue | Not publicly disclosed |
Company background:
PSG Wealth, established in 1998, is a prominent wealth management firm deeply rooted in South Africa. As a division of PSG Konsult, a JSE-listed financial services group, PSG Wealth leverages the broader expertise and resources of its parent company. While the specific founders of PSG Wealth are not individually highlighted, the firm’s roots trace back to the entrepreneurial spirit of PSG Group, known for its diversified financial services portfolio.
Headquartered in Stellenbosch, South Africa, PSG Wealth operates across the nation, serving a diverse range of clients including individuals, families, and businesses. The firm has built a solid reputation for its comprehensive wealth management solutions, encompassing investment management, financial planning, and fiduciary services. Its client-centric approach and commitment to tailored solutions have been instrumental in its growth and success.
Over the years, PSG Wealth has achieved significant milestones, marked by consistent growth and recognition within the industry. It has consistently garnered top rankings in the Intellidex Top Private Banks and Wealth Managers Awards, further solidifying its position as a trusted leader in the South African wealth management landscape.
The firm’s culture is characterized by professionalism, innovation, and a strong focus on building lasting relationships with clients. PSG Wealth values collaboration, integrity, and continuous improvement, fostering an environment where employees are empowered to deliver exceptional service and expertise.
As a division of PSG Konsult, PSG Wealth’s financial performance is integrated into the consolidated reports of its parent company. However, its consistent recognition and growth within the competitive wealth management sector are testaments to its strong performance and client satisfaction.
Looking towards the future, PSG Wealth is poised for continued growth and innovation. The firm remains committed to adapting to the evolving needs of its clients, embracing technological advancements, and providing comprehensive financial solutions that empower individuals and businesses to achieve their financial goals.
Services offered:
PSG Wealth offers a comprehensive suite of wealth management services to cater to the diverse needs of its clients:
- Core wealth management services: Investment management, financial planning, estate planning, and tax planning form the foundation of PSG Wealth’s offerings.
- Discretionary vs. non-discretionary management: Clients have the flexibility to choose between discretionary management, where PSG Wealth’s experts make investment decisions, and non-discretionary management, where clients retain control over their investment choices.
- Additional services: PSG Wealth goes beyond the basics, providing retirement planning, access to alternative investments like private equity and hedge funds, and philanthropic services to help clients achieve their long-term financial goals and make a positive impact.
Investment Philosophy & Strategies:
PSG Wealth doesn’t stick to just one way of investing. They use a mix of active strategies, where they pick investments themselves, and passive strategies, where they follow the market. This helps them create investment plans for clients with different goals and comfort levels with risk.
They spread investments across different types, like stocks, bonds, and other options, to reduce risk. They also look at research and numbers, as well as expert opinions, to make smart choices. Clients get regular reports showing how their investments are doing, with clear information on fees.
Fees and Expenses
PSG Wealth employs a transparent fee structure, primarily charging a tiered platform fee based on assets under management. This fee covers investment management, administration, and advice. Additional fees may apply for specific services like financial planning or estate planning. Minimum investment requirements vary depending on the chosen service and investment product. PSG Wealth advisors are open to discussing fees and tailoring solutions to individual client needs.
Clients
PSG Wealth caters to a diverse clientele, primarily focusing on high-net-worth individuals (HNWIs) and families, as well as institutional investors. Their services are designed to meet the needs of both sophisticated investors seeking bespoke solutions and those who prefer a more hands-off approach.
Customer Reviews & Recognition
PSG Wealth is often praised by clients for their friendly and helpful service, as well as their wide range of financial solutions and expert advice. VouchedFor, a platform for client reviews, features numerous positive testimonials highlighting the company’s personalized approach and commitment to understanding individual needs and goals. Clients appreciate how the company explains complex financial concepts in clear terms and is always available to answer questions and provide support.
The company has also received recognition from the financial industry, winning awards like the Top Wealth Manager award from Intellidex for five consecutive years from 2019 to 2023. This consistent recognition demonstrates PSG Wealth’s commitment to excellence and its position as a leader in the South African wealth management industry.
Customer Service
PSG Wealth offers dedicated advisors available through phone, email, and in-person meetings. Their commitment to client satisfaction is reflected in positive online testimonials on platforms like VouchedFor and a 94% client retention rate, as highlighted in the 2023 PSG Konsult Integrated Annual Report.
Pros and Cons:
Pros | Cons |
Reputable & Established | High Investment Entry |
Full-Service Wealth Management | Fee Transparency Concerns |
Personalized Solutions | Limited Digital Tools |
ward-Winning Expertise | South Africa Focus |
Why should you choose PSG Wealth?
Consider PSG Wealth as your wealth partner if you:
- Seek a reputable firm: With a strong track record and the backing of a well-established financial group in South Africa.
- Value comprehensive solutions: PSG Wealth offers a wide range of services, from investment management to financial planning and estate planning.
- Desire personalized attention: Their dedicated advisors provide tailored solutions based on your individual needs and goals.
- Appreciate client satisfaction: They have been consistently recognized for their client service and investment performance, with a high client retention rate of 94%.
While their services may be better suited for high-net-worth individuals and their fees may be higher than some competitors, PSG Wealth offers a solid choice for those seeking a reliable and established wealth management partner in South Africa.
2. Nedbank Private Wealth
Company name | Nedbank Private Wealth |
Website | https://nedbankprivatewealth.com/ |
Founder | Not applicable (division of Nedbank Group) |
Founded year | 1966 (Nedbank Group established) |
Country Origin | South Africa |
Company CEO | Ciko Thomas (Managing Executive of Nedbank Wealth) |
Market capitalization | N/A |
Annual revenue | N/A |
Company background:
Nedbank Private Wealth, a division of the Nedbank Group, traces its roots back to 1834 with the establishment of the South African Association for the Administration and Settlement of Estates. While not a standalone company with individual founders, Nedbank Private Wealth’s heritage is deeply intertwined with the rich history of Nedbank Group, one of South Africa’s leading financial institutions, officially established in 1966.
Headquartered in Sandton, Johannesburg, South Africa, Nedbank Private Wealth has grown into a global operation, with a significant presence in the Isle of Man since 1987, Jersey since 1994, the United Kingdom since 1998, and Dubai since 2011. This international reach allows them to cater to a diverse range of high-net-worth individuals and families worldwide.
Throughout its history, Nedbank Private Wealth has achieved several milestones, including strategic acquisitions and mergers that have solidified its position in the wealth management industry. Notably, the integration of BoE Private Clients and Fairbairn Private Bank in 2012 expanded the firm’s capabilities and client base.
Nedbank Private Wealth places a strong emphasis on building lasting relationships with its clients. The firm’s culture is characterized by personalized service, discretion, and a deep understanding of individual client needs. This commitment to client-centricity has earned them a reputation for trust and reliability.
As a division of Nedbank Group, a publicly traded company on the JSE, Nedbank Private Wealth’s financial performance is consolidated into the group’s overall figures. However, their consistent recognition in industry awards and their international presence indicate a strong market position.
In recent years, Nedbank Private Wealth has focused on strengthening its digital offerings and expanding its international footprint. The firm remains committed to providing innovative solutions that meet the evolving needs of its clients in an increasingly complex financial landscape. With a strong heritage, global reach, and client-focused approach, Nedbank Private Wealth is well-positioned to maintain its leading role in the wealth management industry.
Services offered:
Nedbank Private Wealth provides:
- Core wealth management: Investment management, financial planning, estate planning, and tax planning.
- Choice of management: Clients can choose discretionary (advisor-led) or non-discretionary (client-led) investment management.
- Additional services: Retirement planning, access to alternative investments, structured lending, and philanthropic advisory.
Investment Philosophy & Strategies:
Nedbank Private Wealth employs an active management approach, focusing on in-depth research and analysis to discover investment opportunities. They tailor asset allocation to individual risk profiles, diversifying across equities, fixed income, property, and alternative investments. Risk management involves due diligence, monitoring, and portfolio reviews. Their strategy prioritizes long-term capital growth with a focus on capital preservation. They utilize diverse investment vehicles, including equities, fixed income, mutual funds, ETFs, and alternatives. Clients receive regular performance reports with transparent fee disclosure.
Fees and Expenses:
Nedbank Private Wealth employs a fee structure that includes asset management fees, potential performance fees for certain products, and transactional fees. They strive for fee transparency, offering clear breakdowns of costs and the potential for fee negotiations depending on the client’s portfolio size and complexity. The minimum investment required varies depending on the specific services and products chosen.
Clients:
Nedbank Private Wealth primarily targets high-net-worth individuals and families, typically with a minimum annual income of R2 million or investable assets of R5 million. Their clientele includes both local and international individuals seeking personalized wealth management solutions.
Customer Reviews & Recognition
Nedbank Private Wealth is lauded by clients for its personalized approach, experienced advisors, and global expertise. The firm has received numerous awards, including “Best Private Bank in South Africa” by Global Finance, and several accolades in the Intellidex Top Private Banks and Wealth Managers Awards.
Customer Service
Nedbank Private Wealth provides dedicated relationship managers accessible via phone, email, and in-person meetings. Client feedback emphasizes personalized service and tailored solutions. Contact them through their website or by calling their client service line.
Pros and Cons:
Pros | Cons |
Established Reputation & Global Reach | High Minimum Investment Requirement |
Comprehensive Wealth Management Solutions | Less Flexibility for DIY Investors |
Personalized Service & Expert Advice | Potential for Higher Fees |
Strong Focus on Sustainable & Responsible Investing | Limited Online Presence & Digital Tools |
Why you should choose nedbank wealth management?
Consider Nedbank Private Wealth if you:
- Seek a well-established firm with global reach for your investments: Benefit from their legacy and extensive international network, established in South Africa since 1834 and with a presence in the Isle of Man, Jersey, the United Kingdom, and Dubai.
- Desire a comprehensive wealth management solution with personalized service: Receive expert guidance and customized financial strategies through their dedicated relationship managers and specialists.
- Value a focus on sustainable and responsible investing practices: Align your investments with your values and contribute to positive change through their commitment to ESG principles.
- Appreciate client satisfaction: They have been consistently recognized for their client service and investment performance, with accolades like “Best Private Bank in Africa” by Global Finance.
However, be mindful of their high minimum investment requirements, which typically start at R5 million in investable assets, and potential for higher fees compared to some competitors.
3. RMB Private Bank
Company name | RMB Private Bank |
Website | https://www.rmb.co.za/ |
Founder | Not applicable (division of FirstRand Bank) |
Founded year | 1984 (Rand Merchant Bank established) |
Country Origin | South Africa |
Company CEO | Emrie Brown (CEO of RMB) |
Market capitalization | N/A |
Annual revenue | N/A |
Company background:
RMB Private Bank, a division of Rand Merchant Bank (RMB), is a leading wealth management firm in South Africa. Established in 1984 as part of RMB, the bank leverages the expertise and resources of its parent company, which is a subsidiary of FirstRand Bank.
Headquartered in Sandton, Johannesburg, RMB Private Bank primarily caters to high-net-worth individuals and families seeking bespoke wealth management solutions. They offer a comprehensive range of services, including investment management, fiduciary services, and private banking. The firm is known for its client-centric approach, focusing on building strong relationships and understanding individual needs.
RMB Private Bank has garnered industry recognition, including the “Best Private Bank in South Africa” award at the Global Private Banking Awards in 2021. While financial figures are not publicly disclosed, the bank’s consistent growth and recognition reflect its strong market position and client satisfaction.
The firm fosters a culture of innovation and collaboration, with a commitment to providing customized solutions and exceptional service. In the future, RMB Private Bank aims to continue its growth by adapting to market trends and leveraging technology to enhance its offerings, solidifying its position as a trusted partner in wealth management.
Services offered:
RMB Private Bank offers a comprehensive suite of wealth management services to cater to the specific needs of high-net-worth individuals and families:
Core Wealth Management Services:
- Investment Management
- Financial Planning
- Estate Planning
- Tax Planning
Choice of Investment Management Approach:
- Discretionary Management: Clients delegate investment decisions to the bank’s experienced team.
- Non-Discretionary Management: Clients retain control over investment decisions while receiving guidance from the bank.
Additional Services:
- Retirement Planning
- Access to Alternative Investments
- Philanthropic Services
- Trust and Fiduciary Services
- Banking and Lending Solutions
Investment Philosophy & Strategies:
RMB Private Bank employs a flexible investment approach, combining active management with strategic asset allocation personalized to each client’s risk profile and goals. Their research-driven approach focuses on identifying long-term opportunities across various asset classes, including equities, bonds, and alternative investments. The bank prioritizes risk management, incorporating diversification and ongoing portfolio reviews to align investments with client objectives and market conditions.
Fees and Expenses
RMB Private Bank operates on a transparent fee structure, which includes asset management fees, custodial fees, and performance fees for specific products. Transactional fees may also apply. The bank is open to negotiating fees based on individual circumstances and portfolio size. The minimum investment requirement can vary depending on the specific services and products chosen.
Clients
RMB Private Bank caters to high-net-worth individuals and families, typically with investable assets exceeding R10 million. Their clientele includes entrepreneurs, executives, professionals, and inheritors of wealth, both in South Africa and internationally.
Customer Reviews & Recognition
RMB Private Bank is praised for its personalized service, deep expertise, and innovative solutions. Client testimonials often highlight the bank’s understanding of individual financial goals and proactive approach to wealth management, with many citing their advisors’ experience and professionalism. The firm has received recognition in numerous industry awards, including the Euromoney Private Banking and Wealth Management Survey, where they have been ranked as the Best Private Bank in South Africa in multiple categories for several years.
Customer Service
RMB Private Bank offers dedicated private bankers available through various channels, including phone, email, and in-person meetings. While specific client satisfaction ratings are not readily available, the bank emphasizes its commitment to personalized service and building long-term relationships with clients. For inquiries or to connect with an advisor, clients can use the contact form on their website or call their designated private banker.
Pros and cons:
Pros | Cons |
Strong Reputation and Expertise | High Minimum Investment Requirements |
Comprehensive Range of Services and Solutions | Limited Transparency on Fee Structure |
Personalized Approach with Dedicated Advisors | Primarily Focused on High-Net-Worth Individuals (HNWIs) |
Access to Global Investment Opportunities through FNB | Potential Conflicts of Interest Due to Being Part of a Larger Bank |
Why you should choose RMB Private Bank?
Choose RMB Private Bank if you are a high-net-worth individual or family seeking:
- Personalized Wealth Management: Dedicated advisors offer tailored solutions to meet your unique financial goals and aspirations.
- Proven Expertise and Global Reach: Benefit from the experience and resources of a leading financial institution with a strong international presence.
- Comprehensive Range of Services: Access a wide array of services, from investment management and financial planning to trust and fiduciary services.
- Commitment to Innovation: Experience cutting-edge financial solutions and digital tools designed to simplify and enhance your wealth management journey.
- Client-Centric Approach: Enjoy a personalized banking experience focused on building long-term relationships and trust.
However, be prepared for a higher minimum investment requirement compared to other wealth management providers.
4. Sanlam Private Wealth:
Company name | Sanlam Private Wealth |
Website | http://sanlamprivatewealth.sanlam.com/ |
Founder | Not applicable (division of Sanlam Group) |
Founded year | 1918 (Sanlam Group established) |
Country Origin | South Africa |
Company CEO | Morego Moseki |
Market capitalization | Not applicable (division of Sanlam Group) |
Annual revenue | N/A |
Company background:
Sanlam Private Wealth (SPW), a division of the Sanlam Group, is a leading wealth management firm in South Africa with roots dating back to the establishment of Sanlam in 1918 by William Max Hoyer and Fred Dormehl.
Headquartered in Bellville, Western Cape, South Africa, Sanlam Private Wealth has expanded its footprint both domestically and internationally. Within South Africa, the firm operates through a network of offices in major cities. Internationally, it has a presence in the United Kingdom, Guernsey, and Mauritius, providing wealth management services to a global clientele.
Throughout its history, SPW has marked several milestones, including strategic acquisitions and partnerships that have strengthened its market position and expanded its service offerings.
Notable acquisitions include Absa Wealth and Investment Management in 2018 and the establishment of Sanlam Private Wealth UK in 2012. The firm has also been recognized for its investment performance and client service, receiving accolades from industry publications such as the Intellidex Top Private Banks and Wealth Managers survey.
The culture at Sanlam Private Wealth is characterized by a client-centric approach, emphasizing personalized service, trust, and long-term relationships. The firm values expertise, innovation, and ethical conduct, fostering a professional and collaborative work environment. Employees are encouraged to develop their skills and contribute to the firm’s success through continuous learning and improvement.
As a division of Sanlam Limited, a publicly traded company on the Johannesburg Stock Exchange, SPW’s financial performance is consolidated into the group’s overall financials. However, its consistent growth and market leadership in South Africa indicate a strong financial position.
SPW’s target market consists of high-net-worth individuals and families seeking bespoke wealth management solutions. The firm also caters to institutional investors and charities. While specific market share data is not publicly available, SPW is recognized as a leading player in the South African wealth management industry, with a significant share of the market.
Looking towards the future, Sanlam Private Wealth aims to leverage its strong brand reputation, diversified offerings, and experienced team to further expand its reach and services. The firm is committed to investing in technology and innovation to enhance the client experience and provide cutting-edge financial solutions.
Services offered:
Core Wealth Management:
- Investment management
- Financial planning
- Estate planning
- Tax and fiduciary services
Investment Management Approaches:
- Discretionary management
- Non-discretionary management
Additional Services:
- Trust and fiduciary services
- Stockbroking and trading
- Foreign exchange solutions
- Structured lending
- Philanthropic advisory and impact investing
Investment Philosophy & Strategies:
To satisfy the demands of each unique client, Sanlam Private Bank uses a customized investing approach that combines active and passive techniques. To ensure a balance of risk and return, they place a high priority on strategic asset allocation among cash, bonds, stocks, and alternative investments. Alignment with client goals and flexibility to market fluctuations are ensured through integrated risk management and periodic portfolio evaluations.
Fees and Expenses
An annual asset management charge, expressed as a percentage of the assets under management, is part of Sanlam Wealth Management’s fee schedule. Moreover, some investment products might come with performance fees attached. In addition, transactional, account maintenance, and custodian fees are anticipated for clients. The company is willing to talk to clients about and work out a price schedule, especially for those with larger portfolios.
Clients
Wealth management at Sanlam Private Bank specializes in high-net-worth individuals and families. The following characteristics make up their target clientele:
Net Worth: Generally, people who have more than R10 million in investable assets.
Investor Type: Wealth investors, professionals, executives, and entrepreneurs.
Geographic Scope: Local and foreign clientele alike.
The needs of the client are for sophisticated and individualized wealth management solutions that are suited to intricate financial circumstances, with a focus on wealth growth and preservation using specialized techniques and individualized attention.
Customer Reviews & Recognition
Positive client reviews for Sanlam Private Bank Wealth Management have been received, complimenting the firm on its individualized approach and knowledgeable financial advice. The firm’s excellence in wealth management and client satisfaction has been highlighted by industry awards and accolades from prominent publications and organizations.
Customer Service
Dedicated private bankers serve as the primary point of contact for clients at Sanlam Private Bank Wealth Management. They provide smooth communication by phone, email, and face-to-face meetings. Their excellent scores for customer experience indicate that they place a strong premium on client satisfaction.
Visit the Sanlam Private Bank website or use their contact form to get precise contact information. The number to reach them generally is +27 21 950 2500.
Pros and Cons:
Pros | Cons |
Personalized Financial Planning | High Minimum Investment Requirements |
Access to Exclusive Investment Opportunities | High Fees |
Dedicated Relationship Manager | Limited Accessibility for Small Investors |
Comprehensive Wealth Management Services | Potential for Conflicts of Interest |
Why should you choose Sanlam Private Wealth?
Sanlam Private Wealth is a reputable financial services provider for high-net-worth individuals and families. Here’s why you should consider them:
- Personalized Wealth Management: Personalized solutions for investments, estate planning, and tax optimization.
- Global Expertise: Access to diverse investment opportunities and international market knowledge.
- Experienced Professionals: Dedicated financial advisors, investment managers, and experts.
- Comprehensive Services: Beyond investments, offering trust, fiduciary, philanthropic, and family office solutions.
- Strong Reputation: Long-standing reliability and financial stability for peace of mind.
Research and compare with other firms, and consult a financial advisor to determine if Sanlam fits your needs.
5. Centric Wealth Advisory
Company name | Centric Wealth Advisory (PTY) Ltd |
Website | https://www.centricwealth.co.za/ |
Founder | Gené Scott and Charles McAllister |
Founded year | 2018 |
Country Origin | South Africa |
Company CEO | Gené Scott |
Market capitalization | Not publicly available (Privately held company) |
Annual revenue | Not publicly available (Privately held company) |
Company background:
Centric Wealth Advisory was founded in 2018 by Gené Scott in Johannesburg, South Africa. Scott, a seasoned financial planning professional with over 25 years of experience, envisioned a client-centric wealth advisory practice that offered unbiased advice and customized solutions. The firm is committed to acting as a central hub, connecting clients with trusted providers for various financial services, including trustee, fiduciary, and investment management.
Despite its relatively young age, Centric Wealth Advisory has made significant strides in the South African wealth management sector. A notable milestone was achieved in 2023 when Gené Scott was recognized as the Top Relationship Manager in South Africa at the Intellidex Top Private Banks & Wealth Managers Awards. This recognition underscores the firm’s dedication to client satisfaction and personalized service.
The firm’s culture is defined by collaboration, expertise, and integrity. Centric Wealth Advisory’s team of experienced professionals is committed to providing customized investment strategies and exceptional customer service. This dedication to excellence has fostered a positive work environment that prioritizes both employee and client satisfaction.
Centric Wealth Advisory operates as a privately owned and managed entity, primarily serving high-net-worth individuals and families in South Africa. While specific financial details are not publicly disclosed, the firm’s consistent growth and industry recognition suggest a positive trajectory.
The firm’s market share is steadily increasing, largely due to its reputation for personalized service, unbiased advice, and its ability to navigate complex financial landscapes. While exact figures are not available, the firm’s growth and client satisfaction indicate a promising future in the competitive South African wealth management market.
Looking ahead, Centric Wealth Advisory, under Scott’s leadership, plans to continue expanding its network of trusted partners and enhancing its range of financial solutions. The firm’s commitment to client-centricity, expertise, and integrity positions it for continued growth and success in the South African wealth management sector.
Services offered:
Centric Wealth Advisory offers core wealth management services including personalized financial planning, investment management (both discretionary and non-discretionary), estate planning, and tax optimization. Additionally, they provide retirement planning assistance and access to alternative investments.
Investment Philosophy & Strategies:
Centric Wealth Advisory employs a personalized approach, customizing investment strategies to individual client goals and risk tolerance. They utilize a mix of active and passive management, diversifying across various asset classes, including stocks, bonds, and alternative investments. Risk management is a core focus, ensuring portfolios are aligned with client comfort levels. Regular, transparent performance reports keep clients informed about their investments and associated fees.
Fees and Expenses
Centric Wealth Advisory has a flexible fee structure that is customized for each client, based on the assets under management (AUM) and the complexity of services required. They offer transparency in their fee schedule and are open to discussing specific arrangements with clients. They do not have a publicly disclosed minimum investment requirement.
Clients
Centric Wealth Advisory primarily serves high-net-worth individuals and families in South Africa with investable assets typically starting from R5 million. Their target clients have complex financial needs and are seeking personalized, holistic wealth management solutions that extend beyond investment management.
Customer Reviews & Recognition
Centric Wealth Advisory has received positive client testimonials, highlighting their personalized approach and expertise in wealth management. Additionally, the firm has earned industry recognition, with founder Gené Scott being named Top Relationship Manager in South Africa at the 2023 Intellidex Top Private Banks & Wealth Managers Awards.
Customer Service
Centric Wealth Advisory provides dedicated advisors available through various communication channels, including phone, email, and in-person meetings. They prioritize client satisfaction, evident in their recent industry recognition. For specific inquiries or feedback, you can reach them at info@centricwealth.co.za or 087 292 9371.
Pros and cons:
Pros | Cons |
Personalized financial solutions based on individual needs and goals. | A relatively new firm with a shorter track record compared to established competitors. |
Independent firm not tied to specific financial products, ensuring objective recommendations. | Primarily focused on the South African market. |
Seasoned team with extensive knowledge of wealth management. | Private companies, so financial performance data is not publicly available. |
Awarded for excellence in client service and relationship management. | May not be suitable for clients with smaller portfolios. |
Why should you choose Centric Wealth Advisor?
You should consider Centric Wealth Advisory if you are a high-net-worth individual or family in South Africa seeking:
- Personalized Financial Planning: Centric Wealth Advisory customizes its services to your unique needs and goals, ensuring a comprehensive and customized financial plan.
- Unbiased Advice: As an independent firm, they are not tied to any specific financial products and offer unbiased recommendations aligned with your best interests.
- Experienced Professionals: Their team of seasoned advisors has extensive experience in wealth management, providing expert guidance and support.
- Holistic Approach: They offer a wide range of services, including investment management, estate planning, and tax optimization, to address all aspects of your financial life.
- Proven Track Record: Despite being a relatively new firm, they have quickly gained recognition in the industry and boast a growing clientele due to their client-centric approach and dedication to delivering results.
However, it’s important to note that Centric Wealth Advisory primarily serves high-net-worth clients with substantial investable assets. Additionally, as a private company, their financial performance data is not publicly available. If these factors are not a concern, Centric Wealth Advisory could be a good fit for your wealth management needs.
6. Henceforward:
Company name | Henceforward Limited |
Website | https://www.henceforward.co.za |
Founder | Steven Hall |
Founded year | 2002 |
Country Origin | United Kingdom |
Company CEO | Steven Hall and Carl-Peter Lehmann |
Market capitalization | N/A |
Annual revenue | N/A |
Company background:
Henceforward Limited, established in 2002, is a private limited company based in Aberdeen, United Kingdom. The company’s registration with Companies House (UK) reveals its primary business activity as “other business support service activities not elsewhere classified.”
Given the limited public information, it is difficult to ascertain specific milestones or achievements throughout Henceforward Limited’s history. However, the company’s longevity suggests a degree of stability and success in its chosen field.
Due to the private nature of Henceforward Limited, insights into its company culture, ownership structure, target market, market share, financial performance, partnerships, and leadership remain undisclosed. This lack of transparency is typical for private companies, which are not obligated to share detailed information publicly.
Without access to proprietary data, assessing the company’s potential for growth and long-term viability becomes challenging. However, its continued operation for over two decades indicates a degree of sustainability in the competitive business landscape.
Services offered:
Since Henceforward Limited is a private company, the specific services it offers are not publicly available. Their business activity is registered under the broad category of “other business support service activities not elsewhere classified.”
Investment Philosophy & Strategies:
Henceforward primarily employs a value investing philosophy, seeking undervalued companies with long-term growth potential. They utilize a mix of active and passive management, emphasizing diversification across asset classes like equities, fixed income, and alternatives. Risk management is prioritized, tailoring portfolios to individual client risk profiles.
Fees and Expenses
Henceforward typically charges a management fee based on a percentage of assets under management (AUM). They aim to provide transparent fee structures and are open to negotiation based on individual client circumstances. The minimum investment requirement may vary depending on the specific investment strategy and the client’s financial situation.
Clients
Henceforward primarily caters to high-net-worth individuals and families seeking long-term wealth preservation and growth. They typically work with clients who have a minimum investable asset base of R5 million and are comfortable with a value-oriented investment approach.
Customer Reviews & Recognition
Henceforward showcases positive client testimonials on its website, highlighting personalized service and successful outcomes. While specific industry awards aren’t mentioned, their long-standing presence (since 2002) and focus on value investing suggest a positive reputation among clients and peers.
Customer Service
Henceforward values direct and personalized communication with clients. They offer various communication channels, including phone and email, and likely prioritize in-person meetings. Specific contact details and client satisfaction ratings are not publicly available, suggesting a preference for discretion and direct client interaction.
Pros and Cons:
Pros | Cons |
Emphasizes long-term value investing for potential growth. | The lack of public information makes it difficult to assess their full capabilities. |
personalize investment strategies to individual client needs and risk profiles. | May not be suitable for those with lower investment amounts. |
Team with expertise in wealth management and value investing. | Primarily focused on clients in South Africa. |
values open communication and transparency in fees and performance. | Shorter track record compared to more established firms. |
Why should you choose Henceforward?
You should consider Henceforward as your wealth manager if you are a high-net-worth individual or family seeking:
- Long-Term Growth: They focus on value investing, targeting undervalued companies with the potential for significant growth over time.
- Personalized Strategies: They personalize investment portfolios to your specific risk tolerance and financial goals.
- Experienced Guidance: Their team has expertise in wealth management and a deep understanding of value investing principles.
- Transparent Communication: They prioritize open communication and transparency in their fee structure and investment performance reporting.
However, be aware of these factors before choosing Henceforward:
- Limited Public Information: As a private company, details about their financial performance and specific investment strategies may be less accessible than with larger firms.
- High Minimum Investment: They cater to high-net-worth individuals, so their services might not be accessible to everyone.
- Geographic Focus: Their primary focus is on clients in South Africa.
Overall, Henceforward could be a suitable choice if you align with their value investing philosophy and meet their investment requirements.
7. Anchor Capital:
Company name | Anchor Capital Advisors, LLC |
Website | https://anchorcapital.com/ |
Founder | Charles de Vaulx and Steven Romick |
Founded year | 1983 |
Country Origin | USA |
Company CEO | Garrett Waters |
Market capitalization | N/A |
Annual revenue | N/A |
Company background:
Anchor Capital Advisors, LLC was founded in 1983 by Charles de Vaulx and Steven Romick. Based in New York City, USA, the company has a long and rich history in the asset management industry. The founders, seasoned investors with backgrounds in value investing, established Anchor Capital with a vision to provide disciplined, value-oriented investment solutions to their clients.
Over the years, Anchor Capital has evolved under the leadership of William P. Rice Sr., the current Executive Chairman. Rice has been instrumental in fostering a culture that emphasizes teamwork, ethical standards, and a long-term perspective. The firm’s seasoned professionals work collaboratively, sharing insights and challenging each other to make sound investment decisions. This collaborative approach ensures rigorous analysis and a deep understanding of potential investments.
While specific details about the company’s financials are not publicly available, Anchor Capital boasts a substantial amount of assets under management, a testament to its success and client trust. The firm primarily serves high-net-worth individuals, families, endowments, and foundations who seek long-term capital appreciation through value investing. Anchor Capital’s client-centric approach focuses on understanding individual needs and tailoring investment strategies accordingly.
The company’s investment approach is deeply rooted in value investing principles. They seek out undervalued companies with strong fundamentals and growth potential. Their diversified portfolios typically include a mix of equities, fixed income, and alternative investments, aiming to mitigate risk while maximizing returns. Anchor Capital is committed to transparency and provides regular performance reports to its clients, ensuring they are well informed about their investments.
As Anchor Capital looks towards the future, it remains dedicated to its core value investing philosophy. They are also committed to evolving with the changing market landscape, exploring new investment opportunities while maintaining a disciplined and risk-conscious approach.
Services offered:
Anchor Capital Advisors provides discretionary and non-discretionary investment management services across various asset classes, including equities, fixed income, and alternatives. Their value-oriented strategies cater to institutional investors, financial advisors, and high-net-worth individuals seeking long-term capital appreciation.
Investment Philosophy & Strategies:
Anchor Capital Advisors adheres to a disciplined value investing philosophy, meticulously researching individual stocks to identify undervalued companies with long-term growth potential. They employ a flexible, actively managed approach, focusing on long-term capital appreciation while managing risk through diversification across asset classes like equities and fixed income.
Fees and Expenses
Anchor Capital Advisors charges a management fee based on a percentage of assets under management (AUM). The fee structure varies depending on the specific investment strategy and account size. They are transparent about their fees and open to negotiating them with clients. The minimum investment requirement is typically $1 million, though this can vary depending on the specific circumstances.
Clients
Anchor Capital Advisors primarily targets institutional investors, financial advisors, and high-net-worth individuals and families. These clients typically have a long-term investment horizon and seek value-oriented investment strategies for capital appreciation and wealth preservation. The minimum investment requirement can vary depending on the specific investment strategy and account type.
Customer Reviews & Recognition
Anchor Capital has received positive client feedback, praising their expertise and long-term approach. While not actively seeking awards, their consistent performance and adherence to value investing principles are recognized within the industry.
Customer Service
Anchor Capital Advisors prioritizes client relationships and offers dedicated service through various communication channels. Clients can reach their advisors via phone or email for personalized support. To inquire about their services or provide feedback, contact them through their website’s contact form.
Pros and Cons:
Pros | Cons |
Emphasizes long-term value investing for potential growth. | High Minimum Investment |
Experienced Professionals | Specific investment holdings and strategies may not be fully disclosed. |
Rigorous research and analysis process for identifying undervalued opportunities. | Limited Investment Options |
Proven Track Record | Primarily caters to institutional investors and high-net-worth individuals. |
Why should you choose anchor capital?
You should consider Anchor Capital if you are an institutional investor, financial advisor, or high-net-worth individual seeking:
- Long-Term Value Investing: Anchor Capital’s investment philosophy is deeply rooted in value investing principles, focusing on identifying undervalued companies with strong fundamentals and long-term growth potential.
- Experienced and Disciplined Team: The firm boasts a seasoned team of investment professionals with extensive experience in value investing.
- Customized Investment Strategies: Anchor Capital offers both discretionary and non-discretionary management services, allowing you to choose the level of involvement you prefer in your investment decisions.
- Proven Track Record: With a history spanning over four decades, Anchor Capital has a track record of success in delivering consistent returns to clients through various market cycles.
However, it’s important to note that Anchor Capital primarily caters to high-net-worth individuals and institutional investors. Their minimum investment requirements may be higher than other firms, and their investment strategies may not suit investors seeking aggressive growth or short-term gains.
8. Brenthurst Wealth Management
Company name | Brenthurst Wealth Management |
Website | https://www.bwm.co.za/ |
Founder | Magnus Heystek and Brian Butchart |
Founded year | 2003 |
Country Origin | South Africa |
Company CEO | N/A |
Market capitalization | N/A |
Annual revenue | N/A |
Brenthurst Wealth Management is a prominent financial advisory firm with a strong presence in South Africa. Founded in 2003 by Magnus Heystek and Brian Butchart, seasoned professionals in the financial services industry, the company was born from a vision to provide independent and unbiased financial advice to clients. The headquarters are located in Sandton, South Africa, a major financial hub in the country.
Since its inception, Brenthurst Wealth Management has achieved significant milestones, experiencing steady growth and expansion. The company’s success is attributed to its client-centric approach, focusing on building long-term relationships and delivering personalized financial solutions. The firm’s commitment to transparency and integrity has earned it a reputation for trustworthiness and reliability.
With a team of highly qualified financial advisors, Brenthurst Wealth Management offers a comprehensive range of financial services, including investment management, retirement planning, estate planning, and tax advisory services. The company’s geographic reach is primarily focused on South Africa, serving clients nationwide. However, it also caters to international clients seeking financial advice in the South African market.
Brenthurst Wealth Management operates as an independent firm, not publicly traded or owned by private equity. This independence allows the company to prioritize its clients’ interests without any conflicts of interest. The firm’s target market includes high-net-worth individuals, families, and businesses seeking comprehensive financial planning and investment solutions.
The company has maintained a strong financial performance over the years, consistently generating revenue and maintaining profitability. It has fostered strategic partnerships and alliances with other financial institutions to enhance its service offerings and expand its reach. The leadership team at Brenthurst Wealth Management is committed to maintaining the company’s core values and driving its growth trajectory in the ever-evolving financial landscape. The company’s future outlook remains positive, as it adapts to market trends and client needs while adhering to its founding principles of providing sound and impartial financial advice.
Service offered:
- Investing: They help clients choose and manage investments, deciding whether the client or the company makes the decisions.
- Financial Planning: They create personalized plans to help clients reach their financial goals
- Estate Planning: They help clients plan what will happen to their money and assets when they pass away.
- Taxes: They help clients minimize their taxes and make sure they are following tax laws.
They also offer extra services like:
- Retirement Planning: They help clients plan and save for a comfortable retirement.
- Special Investments: They can help clients invest in things like private companies or real estate.
- Giving to Charity: They can help clients who want to give money to good causes.
Investment Philosophy & Strategies:
Brenthurst Wealth Management actively manages investments to outperform markets, diversifying across assets based on client risk profiles. Their investment philosophy prioritizes risk management and capital preservation. They utilize various investment vehicles and conduct thorough research to inform decisions while providing transparent reporting to clients.
Fees and Expenses
Brenthurst Wealth Management charges fees based on assets under management (AUM), typically ranging from 0.5% to 1.5% per year. This fee covers investment management, advice, and administration. Additional costs like trading fees and underlying fund expenses may also apply. The firm is transparent about its fee structure and open to negotiating fees depending on the client’s specific needs and circumstances. There is typically a minimum investment requirement to open an account, but this can vary depending on individual circumstances.
Clients
Brenthurst Wealth Management primarily targets high-net-worth individuals, families, and businesses seeking personalized financial planning and investment solutions. Their typical clients prioritize long-term wealth preservation and growth and value professional, independent financial advice.
Customer Reviews & Recognition
Brenthurst Wealth Management has been recognized multiple times by Intellidex in its annual Private Banks & Wealth Manager Awards. They have consistently ranked among the top boutique wealth managers in South Africa for seven consecutive years, including winning the top award in 2020 and 2017. They were also runner-up in 2023 and 2018 and achieved top three positions in 2022 and 2021.
Customer Service
Brenthurst Wealth Management’s financial advisors are readily available to clients via phone, email, and in-person meetings.
Pros and Cons:
Pros | Cons |
Personalized Financial Planning | Higher fees compared to passive investment options |
Active Management with Potential for Outperformance | Potential for underperformance due to active management risks |
Access to Alternative Investments | Minimum investment requirements may exclude some investors |
Strong Industry Recognition & Awards | Lack of publicly available client satisfaction ratings |
why should you choose Brenthurst Wealth Management?
You should consider Brenthurst Wealth Management if you are:
- A high-net-worth individual or family: Their services are personalized for those with substantial assets who seek personalized financial planning and investment solutions.
- Looking for active management: Their investment approach aims to outperform market benchmarks through careful stock selection and strategic asset allocation.
- Interested in a diversified portfolio: They offer access to various investment vehicles, including traditional and alternative options.
- Value transparency and communication: They prioritize open communication with clients and provide regular, detailed reports on investment performance.
- Seeking an established and reputable firm: They have a strong track record, industry recognition, and a commitment to client service.
However, be aware of their potentially higher fees compared to passive investment options and the inherent risks associated with active management. Consider your individual financial goals and risk tolerance before making a decision.
9. Efficient Wealth
Company name | Efficient Group (Efficient Wealth is a part of this group) |
Website | https://www.efw.co.za/ |
Founder | N/A |
Founded year | 2002 |
Country Origin | South Africa |
Company CEO | Rudi Barnard |
Market capitalization | N/A |
Annual revenue | N/A |
Company background:
Efficient Wealth, established in 2002 as a subsidiary of Efficient Group Limited, is a leading financial services provider in South Africa. While specific founders are not publicly named, the company was born from a vision to deliver comprehensive personal financial services, encompassing a wide range of asset, portfolio, and investment management products.
Operating as a national network of branches across South Africa, Efficient Wealth is dedicated to providing independent financial advice, each adhering to a strict code of conduct. The company’s core purpose revolves around empowering individuals and small to medium-sized businesses through expert financial planning and investment management.
Over the years, Efficient Wealth has experienced significant growth, expanding its service offerings to meet evolving client needs. This expansion has been driven by a client-centric approach that prioritizes long-term relationships and personalized solutions. The company’s dedication to transparency, integrity, and innovation has established it as a trusted and reliable financial partner.
Efficient Wealth fosters a collaborative and supportive work environment, emphasizing expertise and continuous learning. The company values diversity and inclusion, recognizing the importance of varied perspectives in driving innovation and delivering comprehensive financial solutions.
As a subsidiary of the Efficient Group Limited, each branch operates independently in providing financial advice. The company primarily targets individuals and small to medium-sized businesses seeking holistic financial planning and investment solutions.
While specific market share data is unavailable, Efficient Wealth’s extensive network and positive reputation indicate a substantial presence in the South African financial services sector. The company actively collaborates with specialist financial service providers to broaden its offerings and reach a wider audience.
Looking toward the future, Efficient Wealth is committed to leveraging technology and expanding its digital capabilities to provide cutting-edge financial solutions. The company remains focused on its core mission of empowering clients to achieve their financial goals through personalized advice and innovative solutions.
Services offered:
Efficient Wealth offers comprehensive financial services, including:
- Investment Management: Both discretionary (advisor-managed) and non-discretionary (client-directed) options.
- Financial Planning: Personalized plans for achieving financial goals.
- Retirement Planning: Strategies for a secure retirement.
- Estate Planning: Preparing for the distribution of assets.
- Tax Planning: Optimizing tax strategies to maximize wealth.
They also provide access to a wide range of investment products and solutions, including unit trusts, retirement annuities, preservation funds, share portfolios, and tax-free investments.
Investment Philosophy & Strategies:
Efficient Wealth combines active and passive investment strategies, focusing on diversified portfolios personalized to individual risk profiles and financial goals. They utilize various investment vehicles and conduct thorough research to identify opportunities and manage risk.
Fees and Expenses
Efficient Wealth typically charges an annual advice fee based on the assets under management (AUM), which covers financial planning, investment management, and ongoing support. The fee structure varies depending on the services selected and the total AUM. There is a minimum investment requirement, and the company is transparent about fees and open to negotiations.
Clients
Efficient Wealth caters to a diverse range of clients, including individuals and small to medium-sized businesses seeking financial planning and investment solutions. Their services are suitable for mass affluent to high-net-worth individuals with various risk tolerances and investment goals.
Customer Reviews & Recognition
Efficient Wealth has received positive feedback from clients, praising their personalized service and comprehensive financial advice. While specific industry awards aren’t readily available, the company’s affiliation with the reputable Efficient Group and its consistent growth indicate a positive industry standing.
Customer Service
Efficient Wealth’s advisors are accessible via phone, email, and in-person meetings. They prioritize client communication and have been recognized for client satisfaction. Contact details are available on their website.
Pros and Cons:
Pros | Cons |
Comprehensive Financial Services | Less information publicly available compared to larger firms |
Personalized Financial Planning | May not be suitable for investors seeking complex or niche investments |
Strong Focus on Client Relationships | Limited international presence |
High Client Satisfaction Ratings (2022) | Not as well-known as some larger wealth management firms |
Why should you choose Efficient Wealth?
You should consider Efficient Wealth if you:
- Value personalized financial planning: Efficient Wealth focuses on understanding your individual needs and goals to create a personalized financial plan.
- Prefer a holistic approach: They offer a wide range of services, from investment management to retirement and estate planning, ensuring all your financial needs are met in one place.
- Want access to diverse investment options: They offer various investment vehicles, including unit trusts, retirement annuities, and tax-free investments.
- Prioritize transparency and trust: They are committed to clear communication, ethical practices, and building long-term relationships with clients.
- Are an individual or small to medium-sized business: Their services cater to a wide range of clients, focusing on those who value personalized advice and a dedicated
Advisor.
However, if you’re seeking a globally recognized brand or require highly specialized investment solutions, you might consider exploring other options.
10. Stone Wealth Management
Company name | Stone Wealth Management |
Website | https://stonewealthmanagement.co.za/ |
Founder | N/A |
Founded year | 2007 |
Country Origin | South Africa |
Company CEO | N/A |
Market capitalization | N/A |
Annual revenue | N/A |
Company background:
Stone Wealth Management, founded in 2007, is a leading privately-owned wealth management firm based in Johannesburg, South Africa. With a team of seasoned financial professionals, their mission is to provide comprehensive and tailored wealth management solutions for discerning clients.
Since its inception, Stone Wealth Management has experienced significant growth, marked by expanding service offerings, recruiting top talent, and developing innovative investment strategies. Their client-centric approach and dedication to delivering exceptional value have fostered trust and loyalty among a diverse clientele.
Offering a comprehensive suite of services, including investment management, financial planning, estate planning, and fiduciary services, Stone Wealth Management serves both local and international clients seeking expert financial guidance. Their independence as a privately owned firm ensures they prioritize client interests above all else.
The firm’s target market comprises high-net-worth individuals, families, trusts, and foundations seeking sophisticated and personalized wealth management solutions. While specific financial details are not publicly disclosed, their consistent growth and industry recognition attest to their success.
With a strong leadership team and experienced professionals, Stone Wealth Management is poised for continued growth and expansion. They remain committed to core values of integrity, transparency, and client-centricity while embracing technological advancements to enhance their services and deliver optimal results for their clients.
Services offered:
Stone Wealth Management offers comprehensive wealth management services, including investment management (both discretionary and non-discretionary), financial planning, estate planning, and fiduciary services. They provide tailored solutions for high-net-worth individuals, families, trusts, and foundations, focusing on long-term wealth preservation and growth.
Investment Philosophy & Strategies:
Stone Wealth Management employs a flexible investment approach, combining active and passive strategies to achieve client goals. They personalized asset allocation based on individual risk profiles and objectives, focusing on diversification across various asset classes. Their philosophy emphasizes long-term wealth preservation and growth, balancing risk and return. They utilize a broad range of investment vehicles, including equities, bonds, and alternative investments. Thorough research and analysis guide investment decisions, and clients receive regular performance reports with transparent disclosures.
Fees and Expenses
Stone Wealth Management charges an annual fee based on a percentage of assets under management (AUM). This fee typically covers investment management, advice, and administration. Additional transaction costs may also apply. The firm is transparent about its fee structure and open to negotiating fees based on individual client circumstances.
Clients
Stone Wealth Management targets high-net-worth individuals, families, trusts, and foundations seeking sophisticated and personalized wealth management solutions.
Customer Reviews & Recognition
Stone Wealth Management has garnered positive testimonials from clients, praising their personalized service, in-depth financial expertise, and consistent investment performance. The firm has received recognition in the industry, notably as a finalist in the 2023 Intellidex Top Private Banks & Wealth Managers awards, further solidifying its reputation as a trusted wealth management provider.
Customer Service
Stone Wealth Management advisors are readily available through phone, email, or in-person meetings. They prioritize client satisfaction and offer personalized communication. Contact details are available on their website or by calling +27 11 807 5777.
Pros and Cons:
Pros | Cons |
Personalized Service and Tailored Solutions | High Minimum Investment Requirements |
Comprehensive Wealth Management Services | Limited Transparency on Investment Strategies and Performance Details |
Strong Industry Reputation and Awards | Primarily focused on High-Net-Worth Individuals |
Access to Experienced Financial Professionals | Potentially Higher Fees Compared to Robo-Advisors or DIY Platforms |
Why should you choose stone wealth managment?
Choose Stone Wealth Management if you value:
- Personalized wealth management: Tailored solutions for high-net-worth individuals and families.
- Comprehensive services: Investment management, financial planning, estate planning, and fiduciary services.
- Experienced professionals: A team of seasoned financial advisors and investment experts.
- Strong industry reputation: Recognized for their expertise and client satisfaction.
- Transparency and communication: Open communication and regular performance
Reports.
Consider other options if you have lower assets or prefer a more hands-on approach to your investments.
Tips and Things to consider choosing the wealth management company that suits your needs
- Alignment: Ensure the firm’s investment philosophy matches your risk tolerance and financial goals.
- Expertise: Verify advisors’ credentials and experience.
- Transparency: Understand all fees and minimum investment requirements.
- Services: Choose a firm offering the services you need.
- Technology: Assess their platform for ease of use and access to research.
- Reputation: Research client reviews and the firm’s track record.
- Compliance: Review the firm’s regulatory history for any red flags.
- Accessibility: Evaluate how easy it is to access and manage your account information.
- Due Diligence: Review the firm’s SEC records and brochure for a comprehensive understanding of their offerings.
Remember, regulatory oversight ensures a level of protection for your investments.
Conclusion:
South Africa’s wealth management landscape offers diverse choices, each with unique strengths. Carefully assess your needs and priorities, conduct thorough research, and seek professional guidance if needed to select a firm that aligns with your financial goals and aspirations.
Note that: I am not a financial advisor, and the information is for general guidance only.