Financial planning: An ongoing partnership

Feel free to reach out to PSG Wealth Manager  Carina van Rooyen  directly.

The client’s role: Stay involved and let us know when ‘life happens’

A financial plan cannot be set in stone – it must be a living document that is adjusted in line with the course of our clients’ lives. That is why one of the most important responsibilities of clients to advise us of any changes in their circumstances – anything from a new job or business to family changes or major financial decisions. The sooner we are made aware of any changes, the faster and more efficiently we are able to adjust a plan to keep it relevant.

We encourage clients to review their goals on a regular basis, as their priorities may change, or perhaps a new financial target should be added. Discussing it with us helps us to keep their strategies fresh and relevant.

Apart from the above, clients’ daily financial behaviour plays a significant role in the success of a financial plan. Savings discipline, proper debt control and sticking to an investment strategy – even amid market volatility - are factors that make a notable difference in the long run. We are always there to provide guidance, but it is our clients’ commitment and resilience that build the true foundation of a successful investment partnership.

The financial adviser’s role: Ongoing management and practical guidance

We see financial planning as a journey partnering with our clients. That is why client portfolios are managed on an ongoing basis – not only at the beginning or the end of every year. Markets change, economic news is a daily event, and new opportunities arise. Our job is to screen, interpret and translate this information into practical recommendations so that clients don’t have to navigate these complexities.

In case of a market event or an event in a client’s own life needing attention, necessary adjustments are made. A change should always add value and be suited to a client’s long-term investment strategy. We want our clients to always understand what happens in their portfolios, and why.

We also constantly keep our clients abreast of tax planning, regulatory changes and strategic opportunities arising throughout the year. This may include how to optimise their retirement fund contributions, use more effective structures, or spread risk more efficiently.

An effective collaborative agreement

The best financial plan is one that is based on teamwork. Clients know their personal life circumstances, values and dreams; our contribution includes expertise, experience and a bigger picture view. By combining these two and continuing to build on this partnership, we are able to create a strategy that works for our clients.

While the beginning of every year offers a good opportunity to plan ahead, it is not the only time to discuss finances. We are there for our client throughout the year – be it as a result of a change in their circumstances, their emotions regarding their financial planning, or simply because they want to know whether they are still on track. We also commit to contacting our clients when we identify areas for improvement, or when market conditions or other circumstances justifying a discussion.

A new year awaits

While still at the beginning of the new year, now is a good time to confirm our dedication to partner with our clients all the way. We are committed to support that is not seasonal – we will be an ongoing source of advice and perspective in terms of clients’ portfolios where necessary.

Clients’ financial wellbeing is something we build together. With open communication, ongoing engagement and a strong partnership, as a team, we can embrace the new year with confidence and transparency.