Our Philosophy

WEALTHY PEOPLE ARE DISCREET AND DO NOT SPEND MONEY JUST TO LOOK WEALTHY

You would have noticed that some people always seem to have the latest gadgets, expensive cars, and wear the best designer clothes,-yet they can barely afford their accommodation and pay their rent. Yes, that is the people we are referring to. The person that lives from table to mouth but eats in the best restaurants and lives the live of a King.

Are you such an individual? If you are then you need to stop this behaviour right now. We all want to look good and we want to portray a lifestyle of money and abundance. We get it, but that is not the way to build wealth. All you are doing is increasing the wealth of others.

Off course we  have clients spending money like this, but there is a difference. They do not have debt and they have enough money to last them their lifetime. They are the “real “wealthy people and they have worked and planned for this through vigorous “financial” and “wealth” planning processes. You too, can make the best of it by having a plan.

Some of our wealthiest clients are the most modest and unassuming. They do not drive fancy cars and they do not wear designer brands, but what they do have is financial freedom and wonderful experiences. They spend and invest their money wisely.

WEALTHY PEOPLE DO NOT DRIVE BRAND NEW CARS ALL THE TIME

In the Film and Advertising world,  “wealth” is always portrayed by people driving fancy new cars but let us be honest. In the real world, “wealthy wise” people drive their cars into the scrap yard before they buy a new one. If you have experience in living without a car payment, you will understand what we are talking about. Unless a car is a vintage and has been driven by famous film stars or presidents, they decrease in value and you will see no return, other than having heads turned at every street corner. Such an investment and those heads turning will delay your path to financial freedom.

WEALTHY PEOPLE BECAME WEALTHY BY INVESTING

“Now” the “world of Investing” is a very scary place. Especially when you are in your 50’s and 60’s upwards.  Those in their 20’s and 30’s should be the most confident in investing because they have “time” on their side. But if you have experienced Wealth Planners on your side, you do not need to be afraid, because investing can mean a million different things. We like to work with people who educate themselves. Every step taken to become debt free or the smallest investment can support you are in your journey to financial freedom.

WEALTHY PEOPLE INVEST IN QUALITY OVER QUANTITY

Everything wealthy people are buying is an investment. Whether it is a piece of art or something they use in their house, it should last the test of time. If you are getting R50,00 discount on a piece of equipment which is going to last only a year it is wiser to purchase the more expensive brand and have the use of it for a longer period of time. Wise and Wealthy people work out the cost per use instead of what the discount means now when making purchases.

WEALTHY PEOPLE INVEST TIME IN READING

Wealthy people are always looking for ways to educate themselves. Reading books like “The Risk-Free Entrepreneur” by Don Debelak, and “Cracking the Millionaire Code” by Mark Victor Hansen and Robert Allen will change your life and work in your favour.

WEALTHY PEOPLE PLAN FOR TIMES OF INTENSE FINANCIAL DIFFICULTIES:

Currently during this Covid 19, corona virus crisis there is a lot of people unable to afford their homes, not even speaking about their lifestyles. Many people have lost their jobs and if one thing is certain, this crisis will change the way that we plan for our future. Events like this has occurred in the past, but unless you are in your 80’s or 90’s – not during your lifetime. Let this be a lesson for all of us. Live beneath your means. Just because you earn a lot of money, does not mean that you should spend it all. Wealthy people know that increasing your lifestyle will subsequently also increase the size of your bills. It is just the way it is. Moving into a more affluent neighbourhood will see to you paying higher levy’s and so forth.

If you reap this advise you will be able to cope better with financial crisis’s and you will also become financially free sooner.

WEALTHY PEOPLE DO NOT HAVE DEBT

Good debt, or bad debt. Debt is Debt, unless your “good debt” is managed as an investment, it will remain debt. Paying off all your debt will see you becoming financially free sooner. Remember “Cash is King” and having everything tied up so that you cannot have access to cash if you need it has seen many people losing their assets and their pride. They day that you have paid of all of your debt and you can enjoy your freedom with money still being paid into your bank every month, – that is the day that you will really know what it means to be financially free…

WEALTHY PEOPLE HAVE BUDGETS

To become Financially free, wealthy people know that they must budget. Having a Budget will basically help you to balance the inflows and the outflows of cash so that you have more money available to invest on your path to financial freedom. Wealthy people also know that with sticking to their budget they will continuously be able to afford their “good life”. Our budget planning processes will help you to become debt free and see you through to the path of Wealth Planning.

WEALTHY PEOPLE GET RICH BECAUSE THEY LOVE WHAT THEY DO

If you love what you do, you do will do it well and to the best of your ability. If you have your own business, you will become rich of it. It is not by accident that people who have become wealthy  are also successful and happy in their careers or businesses. It is Divine Law. If you love what you do, but it is not your own business taking the skills that you have learned and making your own way forward should be your aspiration. You will not become rich by working in other people’s businesses unless you are a stockbroker or working as an executive in a top 100 Company as an “executive”. Just remember “more money” means “more problems”…

WEALTHY PEOPLE ARE NOT GREEDY PEOPLE

This does not mean that poor people are greedy. What this means is that any person that only thinks about money and base every decision they make on how much money they will be profiting with lack of a “moral compass” and “gratitude” is setting themselves up for failure. Do not do to others which you cannot stand yourself.

WEALTHY PEOPLE ARE RISK TAKERS

If you are not prepared to take “Risks” you cannot “Expect” rewards. Many of our Wealthy clients will tell you that they are where they are because against their survival instincts, they took risks and they have never been happier. Our Risk Planning processes evaluates your current position and the amount of risk you could take without going too far out of your comfort zone.

WEALTHY PEOPLE SURROUNDS THEMSELVES WITH OTHER SUCCESSFUL PEOPLE

Dietitians will tell you that you are what you eat. It is the same with people. People will judge you by the friends you keep. The friends that you make will either aid your success or bring you down. Surrounding yourself with “positive” people, will keep the energy around you fueled. Negative people will suck every bit of energy from you and make you believe that what you are aiming for it not possible. You cannot distance yourself from your family forever, but you can manage the interactions you have with them to include only the things families does together. Friends are people, you associate with willingly, those you can choose. Wealthy people do not make friends or befriend people based on their wealth or the amount of possessions they have. They befriend people for the love and wisdom and positivity they bring into their lives. Wealth is about having all you need and enough for the future and to enjoy with the friends you choose.

So let’s build “WEALTH”  together …

Our Plans

To be successful and achieve a result in any project in life, you need a Plan! If you want to build your dream house, you will enlist the services of an architect who will provide you with a plan. Do you want to start a Business? – You will need a plan.

The Problem comes when you have no plan in place – then you are busy building castles in the air.

“No plan can work without a properly executed comprehensive financial plan. When you are on top of your financial plan all your other plans have a greater likelihood of being successful. It is that simple.”

Without money no plan will work. So you need to start with your financial plan first and foremost.
We help our clients achieve their financial goals by taking a personalised approach to your financial situation. Our specialists listen to your dreams and goals, create a personalised financial plan, and monitor your progress over time whilst recommending changes as needed.

Your First Meeting

The path to financial success starts with your initial consultation with an AFSAFIN Consultant. This is your opportunity to ask questions, talk informally about your goals and dreams and get to know how we work and the processes we follow. After all your questions have been answered to your satisfaction and you understand the value of our AFSAFIN Financial Advising Services, our Financial Data Consultant will proceed (with your approval) in gathering all the necessary information to enable a AFSAFIN Plan Writer to prepare an initial plan.

Preparing for your initial consultation

Whilst every conversation is unique and personal, you can expect to cover some general information giving you a sense of what it is you can expect from AFSAFIN and the diligent steps we take to help you to reach your goals and financial success.

It is always good to have at least a basic idea of your current financial picture and therefore we recommend that you complete the financial confidence questionnaire which would have been emailed to you prior to the meeting. If you did not receive it, request it here.

What to expect in your first meeting

Our Financial Data Consultant will work with you to identify and prioritize your goals and dreams to get an idea of where you are and where you want to go.

To understand the big picture and see the progress you’ve already made, the consultant will need to review/collect the following important records:

• Investment statements
• Insurance policies
• Pension / provident / retirement fund statements

Once your advisor has captured and collected all relevant information with a clear understanding of your financial life, a Plan Writer will proceed and use the information to create a plan which will help you to achieve your goals and reach financial success.

Fees

Everyone’s goals and needs vary and individual financial situations are different. The fees that you will be paying are going to depend on the level of financial planning services and related products you may select from AFSAFIN. All of this will be factored into the fees you pay.

Your initial consultation with an AFSAFIN Consultant is complimentary.

It includes an initial written plan with recommendations. Our Solution Specialist will answer your questions about product fees and commissions and what they include if and when applicable.

Ongoing Service Fees

As an AFSAFIN Client, you will pay a monthly Services fee for ongoing Financial Planning Services that you receive from our Offices. This Fee amount is dependent on your status as an AFSAFIN client, the package you qualify for and/or the Package you accept. It covers all the following Services but dependant on your package, It might include more benefits which will be discussed with you in our initial interview.

• Telephone support between normal business hours Long Term Insurance, Short Term Insurance, Investments, Tax and Medical Aids
• Monitored e-mail support between business hours
• Remote administration assistance using telephone or email
• Administrative support relating to all general queries and quotes
• Servicing requests or changes to existing portfolios
• Estate Planning Will drafting advice and amendments
• This fee includes the annual Will Safe Custody Fee
• Review of goals and objectives as they change or otherwise annually
• Updating of your financial plan annually
• Reviewing of balance sheet and asset growth over past year
• Regular Investment reviews and portfolio reviews
• Handling of claims for Products purchased through our practice

The Fee also includes free telephonic advice support with your nominated planner at a time when the planner is free to take your calls. When your planner is in conversations or meetings you will be phoned back as soon as possible.

Single Need or Specialized Services Fees

• Risk & Estate Plan included in the Ongoing Fees at R350 per month.
• Budget Plan R3,000.00 once off or R275 per month over 12 months
• Debt Redemption Plan R2,000 pa with monitoring or R180 per month
• Retirement Plan only R2,500.00 (minus investment fees) or R225 per month over 12 months
• Wealth Plan R5,000.00 (includes portfolio structuring) or R480 per month over 12 months
• Setup of Wealth Vehicles
• Trusts: Set up of Family Trust (R6,500 – R10,000 (Excl))
• Trust Administration – Resolutions and Trusteeship R1,000 per month
• Investments Initial and/or monthly fees based on amount of investment
• Claim Handling for non AFSAFIN clients or products fee is a % of claim value

Investment Accounts and Management Fees

All Investment accounts and management fees are charged based on the products and services you purchase or invest in. Some products are provided with a once-off advice fee, others with a monthly fee, some products provide for a choice of both. Our Solutions Specialists will answer all your questions regarding this and explain all the options to you.

How our Advisors are Compensated

Our advisors are compensated through various remuneration models, including salaries, incentives and other models of compensation.

Services

Partnering with Afsafin is integral to your long term Risk and Investment management . This is what we do and we do it well. Together we actively work towards achieving miles stones each year.

When you start to measure you start to achieve and we provide that measuring Rod . There is hardly an area of your life that is not affected by  the complexities  of Financial Planning Engaging a professional financial planner will be one of the best decisions you will ever make.

Co Designing of Investment Strategies

Amassing Significant  Wealth starts with  consistent attention to your goals and the constant measurement thereof.

You need to understand market risk as well as how your emotions can impact your investments both positively and negatively.

How much will  you need and will what you are currently doing get you  there?

Do you understand that very conservative investing can produce similar results to over aggressive investing?

AFSAFIN gives you access to numerous investment platforms  we are here to  help you build a portfolio designed navigate the tides and storms often associated with investing.

AFSAFIN has 5 Wrap Funds available on Sanlam Glacier Platform, Allan Gray Investment Platform and Momentum Wealth

What are the benefits of being in a wrap fund?

Skilled professionals manage the wrap funds

Only investment managers (including financial advisers) approved by the FSCA (Financial Sector Conduct Authority) may manage wrap funds.  You can therefore rely on experienced investment professionals to select the funds within your portfolio from a collection of thoroughly researched funds, to create a solution that aim to deliver on your specific risk profile’s required returns.    These professionals manage the wrap funds in a rigorous and disciplined manner on investors’ behalf, in accordance with their investment mandates and benchmarks.

This is especially convenient and comforting for investors who do not have the expertise to select the most suitable funds, nor the time to regularly review their investments.

Risk-profiling

These professionals actively manage the wrap funds in accordance with clearly articulated and documented goals. They continuously monitor the wrap fund, perform switches between underlying collective investment funds and rebalance the composition of the wrap fund to perform according to the specific mandate, which is chosen to be consistent with a specific risk profile. They ensure the wrap funds remain in alignment with mandated requirements.

Time is spent trying to find the most efficient portfolio at the level of risk you are willing to accept

Meticulous fund manager and macro-economic research is used to construct an optimal investment portfolio for every risk profile, blending collective investment funds to avoid correlated returns.  The aim is to get as close as possible to the optimal portfolio with regard to the best returns for the level of risk incurred.

Transparency

Wrap funds have pre-defined benchmarks and objectives, and because investors have direct ownership of units in the underlying investment funds, all the collective investment funds in which the wrap fund is invested, are indicated on the investor’s statement.

Value for money

Investors seem to get far more value in a wrap fund than a standard investment portfolio. For an average additional administration fee of 0.25%, investors are assured of a regulated, actively managed, thoroughly researched investment, the management of which is based on the optimal level of risk they’re willing to accept to achieve their required objectives.

In summary

One of the greatest benefits of a wrap fund is that it provides the convenience of a ready-made solution for investors who do not have the time or expertise to select the most suitable portfolio of collective investment funds, and to regularly review their investments.  A wrap fund is actively managed and continuously reviewed, taking into account the risk profile for which it was designed, thereby providing peace of mind for the investor.

Insurance – Risk Management – As long as what you do not have sufficient investments to address risks you need to consider insurance.

Are you aware that you maybe the single biggest asset your family has or that you own?

Some of the important Questions  to ask yourself

• What happens if you lose your ability to earn an Income both  temporarily or permanently?
• Have you protected your assets should you pass away or become Disabled ?
• Are you able to meet your monthly expenses if you are not able to work?
• How will you continue to meet your Investment and retirement goals without and income ?
• Do you Know for a fact that your family will not be required to liquidate assets such a the family home or vehicles to settle liabilities and estate expenses?

Taxes

• Did you know that it is legal to avoid taxes by doing proper tax planning but that it is illegal to evade taxes?
• Let us help you plan your taxes!
• What investment  strategies are you using to manage your taxes?
• Are you aware that Retirement Contributions are very useful to offset Tax liabilities even after retirement.

Estate planning & Trusts

• Let us help you to minimise the costs in your estate to insure your wishes will be upheld and your planned  legacy will live on.
• Do you have a current Will  when was the last time that you updated your will?
• Is your will executable many people have elaborate wishes that are not possible to execute to because there simply is not enough funding in the estate.
• How will your funeral be funded  and are  your taxes up to date? SARS has first Interest in an estate and you would not want your families inheritance being eroded by SARS claims.
• Are you aware of how your marital regime will effect your estate expenses and planning?

Cash & Liabilities

• Do you have funds available in an emergency fund?
• Do you know what the difference between bad and good debt is?
• What interest rates are you paying on your credit cards, personal loans, overdrafts, etc.?
• Do you have a debt redemption plan?
• Are you saving whilst you are reducing debts ?

Private Fees & Services

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