Like with most things in life, having & sticking to a plan
allows you the best possible chance of success.
allows you the best possible chance of success.
In this instance it means achieving
your life goals & long-term financial security.
your life goals & long-term financial security.
BENEFITS OF FINANCIAL PLANNING
OUR PLANNING PROCESS
Financial planning is the process of structuring and arranging your financial resources to meet your life goals. These can be short term i.e. saving for a car, or long-term planning for retirement. Financial Planning aims to provide financial certainty and clarity on your current and future Financial Wellbeing. In striving to provide a holistic and client driven advice and intermediary service, we follow a highly client focused planning process. This entails:
Establishing a client-planner relationship and collecting client data. (Usually takes place with 1st Appointment)
This will include an Introduction of our business, Identifying the advice required by the client, Disclosure of all regulatory requirements, Signing of Client Instruction and Appointment as Financial Planner and the Gathering of personal and service related information from the client
Analysing and evaluating the client's financial status
Conducting an analyses of client's needs and circumstances, Identifying needs and shortcomings, Compiling a report of our findings and recommendations, and Identifying suitable solutions for the established needs
Developing and presenting recommendations and/or alternatives
Present our report with the analyses and recommendations to the client.
If our advice is accepted, a contract is formed according to the FAIS Act, and therefore it is necessary at this point to enter into an Advice Agreement which outlines the essentials of the advice and confirms the acceptance / rejection thereof.
Once the advice has been given, it is documented in a separate agreement in terms of the FAIS Act and therefore when the client accepts or rejects our proposals, a Record of Advice Agreement is signed before implementation of the plan takes place.
Implementation of the Proposed and accepted Plan
Once the client accepts the proposals, product providers' quotations and applications it is signed-off. We then facilitate the processing of the applications and ensure that everything is implemented and finalised according to the agreed implementation strategy
Monitoring the recommendations Ongoing process
We provide ongoing asset management monitoring to the client and regular up-dates
The Financial Plan is reviewed annually, and changes are made to the portfolio, as required.
Financial planning is the process of structuring and arranging your financial resources to meet your life goals. These can be short term i.e. saving for a car, or long-term planning for retirement. Financial Planning aims to provide financial certainty and clarity on your current and future Financial Wellbeing. In striving to provide a holistic and client driven advice and intermediary service, we follow a highly client focused planning process. This entails:
Establishing a client-planner relationship and collecting client data. (Usually takes place with 1st Appointment)
This will include an Introduction of our business, Identifying the advice required by the client, Disclosure of all regulatory requirements, Signing of Client Instruction and Appointment as Financial Planner and the Gathering of personal and service related information from the client
Analysing and evaluating the client's financial status
Conducting an analyses of client's needs and circumstances, Identifying needs and shortcomings, Compiling a report of our findings and recommendations, and Identifying suitable solutions for the established needs
Developing and presenting recommendations and/or alternatives
Present our report with the analyses and recommendations to the client.
If our advice is accepted, a contract is formed according to the FAIS Act, and therefore it is necessary at this point to enter into an Advice Agreement which outlines the essentials of the advice and confirms the acceptance / rejection thereof.
Once the advice has been given, it is documented in a separate agreement in terms of the FAIS Act and therefore when the client accepts or rejects our proposals, a Record of Advice Agreement is signed before implementation of the plan takes place.
Implementation of the Proposed and accepted Plan
Once the client accepts the proposals, product providers' quotations and applications it is signed-off. We then facilitate the processing of the applications and ensure that everything is implemented and finalised according to the agreed implementation strategy
Monitoring the recommendations Ongoing process
We provide ongoing asset management monitoring to the client and regular up-dates
The Financial Plan is reviewed annually, and changes are made to the portfolio, as required.
STATUTORY DISCLOSURE
WHAT DO WE CHARGE FOR OUR SERVICES?
We are a fee-based practice which means that we charge a service fee per hour for the advice and intermediary services we provide. This fee can be discounted against any commission receivable, when our intermediary services are being used to implement the financial planning proposals.
All fees are agreed to with the client before any instruction is taken and declared before implementation of any proposals.
CLICK HERE TO DOWNLOAD OUR CURRENT FEE STRUCTURE
We are a fee-based practice which means that we charge a service fee per hour for the advice and intermediary services we provide. This fee can be discounted against any commission receivable, when our intermediary services are being used to implement the financial planning proposals.
All fees are agreed to with the client before any instruction is taken and declared before implementation of any proposals.
CLICK HERE TO DOWNLOAD OUR CURRENT FEE STRUCTURE
CONTACT INFORMATION
Postnet suite 006, Private Bag X5071, South Africa, 7600
Tel: +27 21 007 3633 | Email: info@rhynco.co.za
Kovacs Investments 348 CC t/a
RHYNCO WEALTH MANAGEMENT
Postnet suite 006, Private Bag X5071, South Africa, 7600
Tel: +27 21 007 3633 | Email: info@rhynco.co.za
Kovacs Investments 348 CC t/a
RHYNCO WEALTH MANAGEMENT
All rights Reserved by Rhynco Wealth Management 2022
An authorised Financial Services Provider - FSP 17639 | Reg. no.: 2004/100791/23
