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Fees
Client-centered, fee based financial planners, like SA Financial Planners, are compensated for their knowledge and services, much like an attorney or a physician.
Both our financial planning and investment management services are offered on a fee basis,
Our financial planning fee model allows you to choose the amount of service and financial advice you require. In essence, it is a user pay approach — we do not assume that the more money you have, the more financial advice you need.
Fee based financial planners have fewer inherent conflicts of interest, and their fee structures might be hourly, include an annual retainer, or be based on a percentage of your investment assets.
How We Are Paid
As fee based financial planners, we feel that it is critical for our clients to understand what they are paying for and how they are paying for it. Our goal is to be as transparent as possible when discussing compensation for our advice, so that we can freely research, recommend and implement strategies without partiality or restrictions.
Your fees will be based on your decision for us to proceed with the following:
- Creating your financial plan
- Implementing your plan
- Providing you with ongoing service
At each stage of the process, all fees will be clearly outlined and agreed with you before we proceed.
The fee charged depends on:
- The investment needed to complete the service,
- The degree of complexity and level of expertise required to complete the services,
- Any risks associated with providing the service.
We split our insurance advice, investment advice and associated portfolio management from financial advice. This allows us to target fees according to your particular and unique needs: insurance, investment and/or financial advice.
Fee based financial planners tend to cost less and deliver more
One of the most obvious cost savings is because fees are typically less than commissions.
Financial Advice Fee
Our initial half-hour discovery meeting is complimentary. After that, it will depend on your unique circumstances and needs. Our typical fee ranges from:
| Initial Planning Fee | Monthly Retainer Fee |
|---|---|
| R1,500 - R4,000 | R175 - R500 |
This includes 2-3 meetings up-front, ongoing review, annual comprehensive review, and anytime access for questions as they arise.
The cost of the planning will depend on its scope:
- Financial Advice/Analysis (minimum charge) R1,500
- Retirement Planning "Mini-Strategies" R1,500-R4,500
- Comprehensive Financial Plan R1,500-R6,000
- Hourly rate for advance planning or consulting R1,500 (excl. VAT)
With assets under management of R2,500,000 or more, financial planning services are included in the investment management fee.
Investment Advice Fee
For our portfolio advisory and management services, there are no implementation, set-up or upfront fees and there are no exit fees. We charge a single ongoing fee for the monitoring, management and administration of your investment portfolio, per the following table.
| Assets Under Management | Management Fee |
|---|---|
| R0 - R499,999 | 0.95% |
| R500,000 - R999,999 | 0.85% |
| R1,000,000 - R1,999,999 | 0.75% |
| R2,000,000 - R4,999,999 | 0.65% |
| R5,000,000 - R9,999,999 | 0.55% |
| R10,000,000 or more | 0.5% |
Monthly Pricing Plans
Take a look to see which package best suits your needs:
Foundation
A complete package to support you in establishing your financial foundations.
R175 /month
Asset Building
A complete package to support you and your family along your journey.
R250 /month
Wealth Generation
A complete package to support you in achieving your desired wealth generation goals.
R350 /month
Retirement
A complete package to support you in achieving your desired retirement goals.
R450 /month
All plans cover the basics
Financial performance reports
Create performance reports and budgets. No waiting until the end of the month.
iPhone & Android apps
Track service support tickets on the go.
Get closer to your financial portfolio
The client portal dashboard will give you an up-to-date financial portfolio snapshot.
Support included
Our friendly and knowledgeable experts are always here for you.
Regular updates included
Every 3-6 weeks we release innovative new updates based on customer ideas.
Ready to start the conversation?
Request your complimentary first appointment.