Revenue at private banks and wealth managers that participated in the 2024 Top Private Banks & Wealth Managers survey climbed 16% over the past year — and investors are showing higher levels of appreciation for the world-class service they receive.
Satisfaction ratings, determined from 12,317 clients of private banks and wealth managers who participated in the online survey this year, shot up after a drop in 2023, surpassing the previous high of post-Covid 2021. While the economy since 2021 has made for a poor investment environment, this survey was conducted from March 6 to April 24 this year, a period of heightened political uncertainty ahead of the elections.
Individual investors have much to worry about and the risks are flowing locally and internationally. Wealth managers note that internationally there is escalating global conflict and geopolitical uncertainty which accelerated inflation and pushed up global interest rates. Locally they worry about political instability coupled with the breakdowns in service delivery by municipal bodies and SOEs, the far-reaching impact of electricity shortages, water supply disruptions and the general neglect of infrastructure in various regions. Underlining their concerns are the socioeconomic consequences linked to these issues, with the risk of higher taxes targeting the wealthy.
In such precarious times, the role of wealth managers becomes ever more important and this has possibly contributed to the strong revenue growth. Assets under management at the 13 participating wealth managers have grown slower at 4%, though assets under advisement climbed 10%.
But the interesting story lies in returns — where the 12.6% growth in offshore investments far outstrips local growth of 6.9%. Over five years — a period which includes the Covid pandemic lockdowns — onshore returns are a more respectable 9.5% versus 10.3% internationally.
The new government needs to keep a laser-like focus on simply continuing with the reforms already under way
In the context of the changes to regulation 28 of the Pension Funds Act in January 2023, which raised the offshore threshold to 45% from 30%, the proportion of AUM held offshore at 42.7% means there is scope for this figure to rise — though many of the portfolios at these wealth managers are straight investments not linked to a pension fund.
Awards
Against such a troubled political and economic backdrop, PSG Wealth is the Top Wealth Manager of the Year: Large Institutions. The firm dominates this year’s Top Private Banks & Wealth Managers Awards, also taking the lump-sum investor, young professional, entrepreneur and retiree archetype awards while sharing the top spot in the executive archetype award with Gradidge Mahura Investments.
Taking top honours as Top Wealth Manager of the Year: Boutiques, is Private Client Holdings. The firm also ranks second in the wealthy family, entrepreneur and retiree archetypes.
FNB Private Wealth wins the Top Private Bank Award and also scoops the lump-sum investor, young professional, entrepreneur and retiree archetype awards for private banks.
Garrioch & Ellse, a newcomer to the survey, wins the Top Wealth Manager Award: Wealthy Families this year. For this award, rankings are based solely on judges’ scores for the firms’ responses to a case study, while the other five archetypes are determined purely by client rankings.
Political risk
The push for offshore investments has long been a feature of the South African environment — the main reason being that there are so many internal factors encouraging it. The firm message to the new government is that it needs to do more to improve the attractiveness of SA as an investment destination.
Here’s BDO’s Andries Kotzee’s priority wish list: “Protect property rights; act against corruption; review labour laws; repair and maintain infrastructure (roads, railways, electricity and water supply); and promote the enormous benefits that will follow if we all stop littering. This, incidentally, does not cost citizens a thing, and we’ll have a neat country.”
On the flip side, there is a fear of bad policy choices, which would inflict particularly bad damage on an economy as precariously poised as SA’s.
“Policy changes can affect both equity markets and currencies quickly, especially in those economies where government borrowing is already high and the need for presenting a credible economic strategy is paramount,” says Gradidge-Mahura Investments COO Cyril Chetty.
Any shifts in fiscal policy, trade agreements and sanctions, he says, could hit the currency, stock, commodity and other financial markets.
Almost unanimously, firms state that political risk is higher this year than last — perhaps expectedly so with clients heading into the first election in which they expected the ANC was likely to lose its majority vote. But the outcome of the US elections in November is also repeatedly listed as a concern, along with the elections taking place in multiple other countries this year.
Edward Gibbens, CEO of distribution at PSG Financial Services, says internationally, political risk has remained unusually high as a result of escalating global tensions.
“Subsequent sanctions remain of great concern to investors, as not all the resultant global implications — economic and otherwise — are seen to be fully understood, leaving investors uncertain. 2024 is a year marked by multiple national elections. US and South African national elections are stand-out events, and markets are monitoring the lead-up to these events for an indication of policy direction and governments’ ability to address prevailing concerns.”
Jane Downing-Kift, head of Absa Wealth SA, lists numerous factors that hit investor confidence, including social discontent exacerbated by economic hardships and weaknesses in key institutions such as law enforcement agencies, which pose challenges in upholding the rule of law and combating corruption.
“Key economic indicators such as GDP growth, inflation and unemployment levels have deteriorated, exacerbated by internal factors such as load-shedding and external forces such us cost-push pressures on inflation.”
Downing-Kift emphasises that policy implementation of government intervention measures to address these “political and other issues” will assist in alleviating the impact of these risks to investments and overall investor confidence.
The message for the new government is clear: to get the economy on a sustained growth path and build investor confidence in the country, it needs to accelerate the implementation of the reforms to those parts of the economy and state institutions that are dysfunctional, while rooting out corruption at all levels. Gibbens reminds us that “the potential of the rand to strengthen from very depressed levels (and the associated impact on investment returns) should not be forgotten”.
However, Private Client Holdings director Andrew Ratcliffe notes that there is also a fear that the government will implement populist but economically destructive measures, including a wealth tax and expropriation of assets without compensation.
Defensive portfolio plays
In such an environment, clients are being defensive with their investment decisions. The firms tell us that clients are focused on the preservation of wealth rather than growth and they fear that their investment returns will not keep up with inflation. Strategies include de-risking portfolios and favouring capital guarantees.
BDO Wealth Advisers MD Allan Heynen says the concerns extend to clients needing to grow their wealth in an international context while living in SA.
“This concern has increased over the past year as the performance of the South African economy, currency and equity markets fall behind many other countries.”
BDO highlights another, more specific, area of concern: “The impact of unrealised capital gains tax is beginning to show up on the wealth balance sheet as a material future liability to Sars.”
Heynen says that over the 23 years that CGT has been in effect in SA, “we are now dealing with the cash flow impact of CGT on wealth creation”. In response, BDO is focusing on tax planning strategies to maximise the use of CGT exemptions and tax allowances available.
“In addition, recognising the value of future CGT liabilities in cash-flow modelling has helped significantly in planning for the cash-flow impact of CGT.”
Diversification is also a growing theme, says Centric Wealth Advisory executive director Charles McAllister, as clients “increasingly seek greater diversification of wealth in favour of global geographies and into alternative asset classes”.
Wealth manager strategies
In shoring up the defensiveness of portfolios, wealth managers use numerous strategies.
Absa Wealth has designed structured products that provide capital protection but are also tax efficient and have the potential for enhanced returns. These include onshore and offshore investment products.
BDO emphasises the importance of diversification of asset portfolios in response to concerns over the weak performance in SA. Heynen says: “While concerned about South African ‘performance’ in a global context, South African clients still have mainly rand-based liabilities and require the best available rand growth to meet those ongoing expenses and liabilities. Diversification of asset classes, together with regularly updated cash flow modelling, addresses client concerns that their personal wealth will meet their specific personal requirements.”
Almost unanimously, firms state that political risk is higher this year than last
Centric Wealth Advisory has been increasing clients’ global exposure, not only through their annual allowances but also through special applications and asset swap facilities, both personally and within local structures (living annuities, trusts, etc).
All firms focus on communicating with clients, often to reassure them that their portfolios are based on solid investment principles with the aim of long-term growth, but also to alert them if they believe their portfolio requires some attention.
PSG’s Gibbens believes keeping clients informed and managing client expectations are a critical part of ongoing client advice. “Where appropriate, focused client communications on specific topical matters become even more important.”
The firm runs numerous client seminars on topical events to supplement its client newsletter and webinar series.
Grow, don’t destroy
It is much easier for politicians to destroy an economy than grow it, as South Africans have painfully learned, particularly, since 2010. With our economy severely battered from exogenous factors including Covid-19 and Russia’s invasion of Ukraine, both of which drove up global inflation, as well as by self-inflicted internal crises (particularly state capture but too many others to mention here), the new government needs to keep a laser-like focus on simply continuing with the reforms already under way.
Those reforms have not come easily, particularly because there were so many factions within the former government that were opposed to them, often on spurious ideological grounds.
The role of organised business in supporting government to develop the right policies has been important, but the previous government did make massive strides in getting some important legislation through parliament and in some areas policy implementation has begun. Deviating from that path will be devastating for the economy.
Anthony heads Krutham’s media projects. This article was written after the elections but before finalisation of the new government
How they fare
Absa Wealth / Absa Private Banking
Absa Wealth provides several solutions, from private banking and investment management to succession planning. As a fully local and global wealth management company, it has an integrated, full-service offering that combines the best of local and global expertise. Its client-centric mandate embraces both the scientific elements of investment and the emotional comfort required to accompany it.
Absa Wealth’s value proposition is evolving from predominantly providing investment solutions for single needs, resulting in divergent outcomes for clients in the same risk buckets. It has modelled tailor-made, outcome-based, client-centric solutions that are built on a fundamental basis — using the same risk bucket models. This entails utilising adaptive multi-asset strategies that can modify the asset allocation automatically to enable precise dynamic diversification, risk control and tail-risk management.
Absa Private Banking is a full-service financial institution offering a full range of banking and non-banking solutions with onshore and offshore capabilities. Last year it successfully concluded its stabilisation phase, with the business posting stronger customer and revenue growth than previously. This positive momentum is being leveraged to shift up the gears on coverage optimisation and ongoing customer value proposition improvements, as well as service and experience elevation in addition to people and culture shifts within the organisation.
BDO Wealth Advisers
Conscious that the wealth management space is cluttered with competitors saying the same thing, BDO Wealth Advisers has embarked on a journey to establish a clear brand strategy aimed at differentiating it from its competitors.
The firm’s key differentiator lies in its ability to guide people through every life stage, including marriage, parenthood, buying property and major career and business events.
Over the past year, the firm has been evolving its value proposition to highlight this feature, emphasising that it is there for its clients’ “everyday money moments”. It now refers to itself as a financial guide, and since adopting this tone it has experienced a strong resonance with its clients’ understanding of how it works and what it does.
Proof that its value proposition is working is the fact that BDO’s Allan Heynen is placed first in the Top Individual Relationship Manager Award category.
The firm offers a wide range of professional services, including financial planning, legal and fiduciary advisory, trust administration, estate administration, employee benefit consulting, accounting, tax compliance and corporate finance.
Brenthurst Wealth Management
Celebrating its 20th anniversary this year, Brenthurst Wealth is well established as a significant player in the wealth management sector.
The firm follows an integrated, holistic approach in formulating financial plans for clients, ensuring that the various constituent parts complement each other to achieve a result that provides financial peace of mind.
It has nine offices in South Africa and an international office in Mauritius. Since 2015, when the offshore investment allowance was increased to R10m per person per year, the firm has accelerated its advice for clients to move money offshore, a move that is bearing fruit, with offshore investments having outpaced local ones.
To improve the financial planning solutions that it offers high-net-worth clients who are more globally mobile, Brenthurst Wealth has partnered with leading global financial service providers focused on increasing its specialist expertise, improving technology-driven tools, upskilling its advisers and providing clients with multiple tools and platforms to keep track of their financial plans.
The firm also offers international wealth management and trust management services for certain clients via its new companies, Brent Wealth and Brent Consulta in Mauritius.
It has also concluded a service-level agreement with an international tax specialist to assist clients with complex tax, emigration, corporate and international structuring to ensure the most appropriate and tax-compliant advice to high-net-worth individuals.
Efficient Wealth
Efficient Wealth provides a host of personal/business-related financial services and value-added benefits via its internal resources and in partnership with several specialist financial services providers. These include financial planning, healthcare, cash management, fiduciary services, investment management, life assurance, short-term insurance and stockbroking.
Through the Efficient Private Clients and Heimdall Family Office, the firm facilitates offshore accounts for savings and investments, combining different legal entities across multiple jurisdictions to structure a client’s estate in the most cost-, tax- and regulatory-efficient manner.
Efficient Wealth has successfully expanded its client base by attracting institutional clients. The firm believes that these institutions, such as retirement funds and big corporate companies, are a sustainable source of new clients as they represent members and employees from all walks of life, and, at some point, all these members and employees will require financial advice.
Through strategic initiatives and targeted marketing efforts, the firm has been able to showcase its value and expertise to more than 40,000 members and employees.
Centric Wealth Advisory
Centric Wealth Advisory is a lifestyle financial planning business specialising in multi-jurisdiction wealth management. It believes that its key differential is that clients and client values are at the centre of everything it does.
This year, the Cape Town-based firm takes joint first place in the People’s Choice: Wealth Manager Award. This is the fourth consecutive year that Centric has won this award.
The firm has seen phenomenal growth in its business, which it attributes to its outspoken stance on issues in the financial services industry and its commitment to clients. It continues to attract high-net-worth families from client referrals as well as referrals from professional service providers in the industry — law firms and accountants, as well as directors of financial services/asset management firms themselves.
Centric Wealth Advisory has been elevated to an institutional advisory firm with various LISPs, which means it can achieve lower admin fees for its clients. It has also set up the Centric Wealth Family Office, which is headed up by the former 10X CEO, Steve Nathan.
Carrick Wealth
Carrick Wealth’s solutions include onshore South African wealth, offshore wealth, international property, foreign tax and currency, as well as impact solutions. The firm has a client-centric, agile approach to wealth management that prioritises innovation, independence and strategic partnerships.
A recent milestone was the integration of its fiduciary division, Carrick Consult, into its suite of wealth management services, enabling it to offer a more comprehensive approach to estate planning and wealth management.
Another recent change to Carrick’s value proposition is its strategic partnership with UK fund manager Marlborough Group through a minority share sale. This partnership gives Carrick Wealth exclusive access to distribute Marlborough Group’s Irish UCITS funds in South Africa.
By forging this alliance, Carrick Wealth has expanded its investment offerings, providing clients with access to a broader range of investment opportunities. In addition, Carrick Wealth has introduced Carrick Athena, a division dedicated to providing advice for women by women.
Garrioch & Ellse
Garrioch & Ellse, founded in 2022, is a multi-family office offering comprehensive family wealth planning, including services such as local and offshore investments, tax optimisation, retirement (pre- and post-), estate, legacy and succession, risk management, debt and gearing as well as family business and corporate services.
In its debut year of participation in this survey, the firm takes first place in the Wealthy Family Archetype Award category.
Garrioch & Ellse works closely with world-class asset management and risk insurance consultants to ensure that the financial products it selects are appropriate. It believes that effective wealth planning is a journey and not an event, and prefers to manage tasks systematically using an approach rooted in ideas from behavioural coaching literature.
Private Client Holdings
Private Client Holdings is the winner of the Top Wealth Manager Award: Boutiques, which it also won in 2021.
Since 1990, the firm has been helping clients define and implement strategies for managing their wealth, taking on tasks associated with a traditional family office, including investment and portfolio management, tax and accounting services, consolidated reporting, cash management, estate planning and fiduciary services.
The firm has developed its Corporate Stewardship offering that provides a central collaborative point to support any organisation across all its wealth management needs, from long-term planning to routine transactions, administration and reporting.
Another addition to the firm’s value proposition was the merger of its financial services division with the accounting and tax practice of FMG Chartered Accountants. This provides Private Client Holdings’ wealth management team with access to a greater client base and adds three highly skilled chartered accountants to the team.
Nedbank Wealth Management South Africa
Nedbank Wealth Management South Africa has provided wealth management advice to clients since 1834. It combines institutional knowledge, financial strength, geographic reach, expertise and networks to achieve these long-term relationships.
Its globally integrated advisory services are supported by digital services to provide the convenience that high-net-worth clients expect. Professional advisers provide coordinated, tailored personal and business financial planning advice for different client segments, supported by the breadth and depth of in-house teams of technical specialists across private banking, structured products, short- and long-term insurance, fiduciary services, collaborative investment capabilities, stockbroking and philanthropy.
This year Nedbank takes second place in both the Top Private Bank Award and the Executive Archetype Award: Private Banks. It is also runner-up in the People’s Choice Award: Private Banks. Nedbank’s private banker, Louise Davies, is placed third in the Top Private Banker Award: Private Bankers.
PSG Wealth
For the sixth consecutive year, PSG Wealth wins the Top Wealth Manager Award: Large Institutions. It also wins five archetype awards: Lump-Sum Investor, Young Professional, Entrepreneur, Executive and Retiree. A worthy overall winner with strong all-round capabilities.
The firm offers a comprehensive suite of discretionary and contractual investment products and an extensive choice of underlying investments (both local and offshore) to ensure suitable implementation of clients’ financial plans. PSG Wealth also offers a full fiduciary service and can advise on and implement employee benefit solutions for employers.
Ongoing enhancements to PSG Wealth’s internal systems facilitate a more efficient and effective review of its clients’ affairs in line with their goals. Its customer relationship management system and advice process facilitate multiple ways for its advisers to review clients’ financial plans, each method designed to fit in with the adviser’s specific approach, considering client segmentation and client preference.
The firm has also been working on an ideal fiduciary advice model, as well as the ideal model for the administration of deceased estates, with a focus on quality of advice and client engagement.
Sterling Private Wealth
Sterling Private Wealth offers local investments across the spectrum of asset classes, including specialised portfolios such as hedge fund products and structures. It also offers investment products, including retirement funds, preservation funds and structured wrappers.
Estate planning, wills, trusts and tax are part of its services, as well as personal and business risk management (including assessment and analysis of existing life policies and benefits). It offers direct offshore investments utilising either offshore allowances or additional offshore transfers through negotiated asset swaps, as well as offshore portfolio management of funds held in overseas jurisdictions. It also assists clients with establishing offshore trusts or managing/advising existing offshore trust assets.
Sterling Private Wealth’s client base is deliberately constrained, and no wealth manager will look after more than 80 clients.
Standard Bank Private
Standard Bank Private offers a comprehensive range of financial solutions tailored to meet the diverse, evolving needs of its clients. Its wealth management services encompass a wide array of offerings aimed at growing and safeguarding clients’ assets, including general wealth management, estate planning and executorship services. It also provides legal services to ensure the protection of its clients’ interests and fiduciary capabilities.
Additionally, its debt products, including mortgages and asset finance, are designed to help clients achieve their financial goals effectively. Standard Bank Private also offers stockbroking and insurance broking services and, with its in-house property management capabilities, it provides seamless solutions for managing real estate investments.
Client megatrends indicate that the global impact of digitalisation and artificial intelligence has spurred market changes and has changed client preferences, particularly within the affluent segment. The bank has significantly enhanced accessibility to services through digital platforms and facilitated mobile payments. Its digital and e-commerce teams are working to create an omnichannel experience offering clients various options for transactions and service access.
RMB Private Bank
RMB Private Bank is the runner-up in this year’s Top Wealth Manager Award: Large Institutions and the winner in the Executive Archetype Award for private banks.
The bank has expanded its engagement model by doubling its accredited private advisers and increasing its wealth managers by 50%. It also launched the Fiduciary Institute, which offers in-depth research and analysis to guide product house views for fiduciary solutions and assists in new product development based on consumer market research, industry developments and the competitor landscape.
RMB Private Bank introduced its first self-issued and distributed structured products, with one ZAR-denominated and two USD-denominated products on offer as enhancements to investors’ liquidity strategies, providing capital guarantees and leveraged positive exposure to the MSCI World Index. This provides its wealth managers with additional capability to deliver contextual solutions to clients, leveraging off the brand and internal structuring capabilities.
Winners per archetype
We present six client archetypes and assess how firms cater to each in both the wealth management and private banking categories. The archetypes cover the spectrum of client market segments and many wealth managers use them in their own market segmentation of clients.
Winners for the first five archetypes are determined through two processes. First, in the client survey, certain questions are designed to elicit specific information about their service provider’s capabilities in each archetype.
Second, we ask the firms themselves to rank their peers in each archetype. The two sets of rankings feed into the final score. For the wealthy family, however, the rankings are based solely on judges’ scores for the firms’ responses to a case study.
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Individual Relationship Manager of the Year
Renee Eagar from Brenthurst Wealth Management is the 2024 Individual Relationship Manager of the Year.
She has been in the financial services industry since 1998 and has worked for institutions such as TMA and Investec Asset Management.
Her clients are highly complimentary. One says: “Friendly, always available and knowledgeable, she goes the extra mile and has patience in explaining in detail when she advises of the reason to take a certain decision; I like her manner.”
In second and third places are Brian Butchart and Sonia du Plessis respectively; both are also from Brenthurst Wealth Management.
Last year, following requests from the market, we introduced a similar award for the Top Private Banker. The 2024 Top Private Banker for the second year running is Louise Davies of Nedbank Private Wealth. Clients are delighted with the service of this achiever. “Louise is exceptional, helpful and extremely efficient and I would recommend her to anyone who is looking for a private banker.”
Carla Alcock from Absa Private Banking is in second place and Hannalie van der Nest, also from Absa and who was a joint winner of the award last year, is in third place.
Note: These scores are not comparable to previous years as we have changed the methodology to attain a fairer balance between number of nominations and the scores submitted by clients.
The People's Choice
This year Centric Wealth Advisory and Gradidge Mahura Investments share top honours in the People’s Choice Award for Wealth Managers, while Investec Private Bank wins the award for Private Banks.
Winners of this award are selected purely by clients through a comprehensive online questionnaire. This year a record number of 12,317 clients of private banks and wealth managers participated in the online survey. The large number enhances the credibility of the survey findings.
We ask clients about their service providers and their rankings across a range of questions, determining satisfaction levels in numerous categories which are extremely important to the participating firms, and the process forms an integral part of the overall survey. Responses to certain questions are drawn out to determine the People’s Choice winner, while other responses feed into the judging process for many of the other awards.
The questions that feed directly into the rankings for this award relate to:
- Quality of service and advice;
- Likelihood of recommending the firm;
- Perceptions of value for money;
- Extent to which advice meets individual needs; and
- Scope to improve offerings
Methodology
The Top Private Banks and Wealth Managers survey is researched and prepared by Krutham, a specialist financial services research house.
This is the 13th anniversary of the survey, which we develop every year to ensure that it best reflects the dynamics of the wealth management industry and that we are delivering a product that meets the needs of clients who make use of such firms.
Format
The survey has two main prongs: a questionnaire completed by participating firms and a comprehensive online client survey. Krutham judges allocate points to the firms in certain categories, but client rankings generally contribute the most to the overall scores. The questions we ask clients are wide-ranging and are designed to assess the different strengths and weaknesses of the private banks and wealth managers.
The main areas of focus, though, are on satisfaction levels with products and services as well as with investment returns, whether clients believe they are getting value for money and whether clients would recommend their service providers to others. We also ask questions relating to why clients use private banks and wealth managers and whether their specific needs are being met.
Clients add comments on aspects not covered by our multiple-choice format of questions. Here we receive some valuable insights that are used to inform the judging process. All firms respond to one case study while those that participate in the top end of the spectrum, the wealthy family archetype, respond to another case study specific to that archetype. This year a record number of 12,317 clients of private banks and wealth managers participated in the online survey.
Judging
In terms of the overall judging, it is understood that firms have different areas of focus. Thus, in the minds of those running the survey, the individual archetype winners are at least as important as the overall awards. If a firm is the best in the industry in its specific area of focus and does not pretend to be all things to all people, it deserves recognition for that area of excellence. If a firm does not compete in a particular market segment, it is not penalised for not having an offering for that archetype.
There are two individual awards, the Top Relationship Manager of the Year for wealth management and Top Private Banker for private banking, chosen from nominations and ratings from clients.
Awards
There are two overall awards, one for big firms that are part of a larger financial institution and a separate one for boutique operators. The top firm in each archetype is also honoured. The awards are:
Top Wealth Manager: Large Institutions
Top Wealth Manager: Boutiques
Archetype awards for wealth management and private banking: Lump-sum investor, young professional; entrepreneur; executive; retiree and wealthy family
Top Private Bank
People’s Choice: Wealth Managers
People’s Choice: Private Banks
Top Relationship Manager
Top Private Banker
Top judges
To improve the credibility of the judging process, two independent assessors joined the Krutham judging panel.
Dr Musimuni Dowelani, CFA, is the head of department at the University of Johannesburg’s Department of Finance and Investment Management (DFIM), located in the College of Business and Economics. She is a trustee of the UJ pension fund, as well as an investment committee member.
Dowelani has worked as an equity analyst and an academic in several prestigious South African universities, including the University of Pretoria. She is involved in volunteer work with the CFA Institute and CFA Society South Africa.
Her extensive involvement includes serving as a juror for the CFA Society South Africa — Young Analyst Awards, highlighting her commitment to nurturing new talent in the financial industry. Dowelani’s research, as demonstrated in her PhD thesis, titled “Blockchain Technology Adoption in the Securities Clearing and Settlement Industry in South Africa”, focuses on the implementation of fourth industrial revolution (4IR) solutions in the asset management industry.
She is concentrating on retirement planning among black business owners in South Africa and part of her research in this field received funding from INSETA. In addition, Dowelani is a member of the International Conference on Financial Services (ICFS) — scientific member.
Kirsty Scully, CFP®, serves as the chairperson of the board for the Financial Planning Institute of Southern Africa (FPI). She is also a CERTIFIED FINANCIAL PLANNER® at Core Wealth Advisory Services in Cape Town, specialising in advising high-net-worth individuals.
Scully is a frequent speaker on international radio and TV and was a finalist in the Businesswomen’s Association Regional Achiever Awards.
She is dedicated to mentoring young financial planners, helping them navigate the profession and effectively advise clients. Additionally, she is committed to empowering her female clients to achieve financial independence.
As an experienced judge for the FPI’s Financial Planner of the Year competition, Scully has interacted with the nation’s top financial planners as they strive for excellence in their field. Furthermore, she represents the FPI on the Financial Planning Standards Board (FPSB) Council, the global organisation that owns the CERTIFIED FINANCIAL PLANNER® designation outside the US.
Krutham judges: Colin Anthony and Heidi Dietzsch.
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