Overview
Managing and growing assets brings a series of complexities and exciting opportunities for investors and wealth management service providers alike. With increasing competition, coupled with a proliferation of services and product offerings, it is essential that you choose the correct wealth managers.
Private Client Wealth manages the assets, investments and financial planning needs of our clients, both locally and internationally. From retired professionals seeking to preserve their wealth to young up-and-comings earning aggressively and keen to build their capital – our team of wealth managers and trust officers are highly qualified and equipped with the experience to help all our clients achieve their expectations.
Our Investment Philosophy
The investment process adopted at Private Client Holdings is one of collective decision making by a committee of experienced investment experts. The recommendations made by this investment committee are then implemented by the investment decision team through tactical asset allocations.
We strive to provide a specialist solution to every client’s individual financial needs by building a customised strategic plan with quantifiable goals and deadlines. We structure appropriately allocated and diversified portfolios and invest in products that best suit each client’s unique risk profile and expectations. Private Client Holdings focuses on the two core, essential pillars of capital preservation coupled with the generation of wealth.
Contact Details
Andrew Ratcliffe
TEL +27 21 671 1220
FAX +27 21 671 1149
EMAIL andrew@privateclient.co.za
Investment Process
The cornerstone activity within the greater Private Client Holdings group, our wealth management services include comprehensive asset allocation reporting, multi manager risk profiled unit trust portfolios and segregated managed share portfolios.
Six steps in the financial planning process
Establishing and defining a professional relationship
Your wealth manager will clearly explain or document the services to be provided to you and define both his/her and your responsibilities. The planner will also explain fully how he/she will be paid and by whom. You and the planner then agree on how long the professional relationship should last and on how decisions will be made.
Gathering data, including goals
Your wealth manager will ask you for information about your financial situation. You and the planner will then mutually define your personal and financial goals, understand your time frame for results and discuss, if relevant, how you feel about risk. The financial planner will then gather all the necessary documents before giving you the advice you need.
Analysing and evaluating your financial status
Your wealth manager will analyse your information to assess your current situation and determine what you must do to meet your goals. Depending on what services you have asked for, this could include analysing your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.
Developing and presenting financial planning recommendations and/or alternatives
Your wealth manager will then offer financial planning recommendations that address your goals, based on the information that you provide. The planner will go over the recommendations with you to help you understand them so that you can make informed decisions. The planner will also listen to your concerns and revise the recommendations as appropriate.
Implementing the financial planning recommendations
You and your wealth manager then agree on how the recommendations will be carried out. The planner will either carry out the recommendations or serve as your “coach”, co-ordinating the whole process with you and other professionals, such as attorneys or stockbrokers.
Monitoring the financial planning recommendations
Finally, you and your wealth manager agree on who will monitor your progress towards your goals. If the planner is in charge of the process, he/she will report to you periodically to review your situation and adjust the recommendations, if needed, as your life changes.
Investment Choices
Investment Advice
At Private Client Holdings we focus on building portfolios comprising the stability of time-proven, high performing blue chip companies together with the potential of up-and-coming organisations that offer the best returns. We structure model portfolios on carefully selected, best-of-breed asset management organisations with proven track records such as Investec, Allan Gray, Coronation, etc.
These models are structured according to specific client risk profiles, namely aggressive, moderate, growth, balanced, defensive and conservative. We also offer an off-shore unit trust management service as we firmly believe that a portion of your investments should be held overseas to provide protection against a declining Rand and diversification of your investment portfolio.
Retirement Planning
- Start early
Post retirement life is entirely different from the years spent working. During this phase of life, if you have a robust retirement portfolio, you will never have to worry about your available funds and will be able to easily enjoy your life post-retirement without being financially dependent on your children for day-to-day expenses.
In order to live a better post retirement life, you must plan for retirement as early as possible and start to build your retirement portfolio as soon as you are able. The benefits of early retirement planning are that you will have enough time to grow your money whilst investing in long term investment instruments.
- Post retirement
The rules for retirement are quite different from those that helped you create your wealth. Once you have retired your investment strategy should be driven by wealth preservation, and to a lesser extent by wealth creation as it was prior to your retirement.
At Private Client Holdings we understand the differences in risk tolerance pre and post retirement and we utilise a sophisticated computer software system to project values, identify potential shortfalls and provide personal recommendations, underpinned by a solid understanding of the tax effects of retirement.
Pension & Provident Fund management
Private Client Holdings assists both private clients as well as corporates by effectively managing pensions and provident funds, including asset management administration and all legal requirements.
A pension fund is fundamental to retirement planning and should be compulsory for everyone, as are provident funds. The main difference between a pension and provident fund is the following:
- Under a pension fund at least two-thirds of the final benefit must be paid as a pension for the rest of the pensioner’s life. A maximum of one-third of the final benefit may be taken as cash.
- Under a provident fund, the full amount of the benefit available at retirement may be taken as a lump sum cash payment, irrespective of whether the benefit is calculated on a defined benefit or a defined contribution basis.
- The tax concessions for employers and members in respect of the two types of funds also differ. The employer may deduct up to 20% of the member’s salary for tax purposes under both pension and provident funds. In a pension fund up to 7,5% of members salary is tax deductible, while there is no tax deductible benefit for the members contribution in a provident fund.
Private Client Holdings are able to advise and guide our clients on the best vehicle for their retirement planning purposes. [Other services include medical cover, employee benefits and business assurance.]
Tools
Income tools to be added soon.
Fact Sheets
View the Wealth Management fact sheets here.
Fees
At Private Client Holdings we charge an initial once-off fee where appropriate. Thereafter we charge an ongoing monthly advisory fee that is based on a percentage of the total value of the investment.
Private Client Holdings provide guidance and advice on the management of your investment portfolio – however, we do not charge performance based fees. The performance of your investment strategy is reliant on the individual asset class returns as well as your fund manager.