Never before has it been so important to ensure that one's investments and personal financial planning strategy are carefully and consistently managed and monitored. This is particularly the case given the current dramatic increase in world market volatility.
Precept Wealth Solutions (PWS) is a niche wealth management company that manages the financial planning needs of corporate executives, entrepreneurs and retirees. PWS' services include:
- Onshore and Offshore Investment Strategies
- Pre and post Retirement planning
- Personal risk management
- Corporate Benefits Services
- Cash and Asset Management Services
- Business assurance, and
- Administration services
Associated Services:
- Estate planning
- Drafting of wills
- Formation and administration of trusts
- Tax planning
- Equity portfolio management
PWS - FOCUSED FINANCIAL ADVICE
Our unique personalised approach provides our clients with continuity, consistency and the ability to develop long term relationships with the firm, based on transparency, trust, integrity and achieving mutual expectations of the highest order.
Traditionally, the financial planning industry has been influenced by various investment schemes and products marketed by insurance and investment companies, all too often tainted by transaction-based remuneration incentives for financial consultants.
By rejecting this outdated and questionable tradition, and by redefining and restructuring the core elements of its business, PWS has introduced an exciting new dimension.
- Our fees are discussed and disclosed up-front. A move from a commission-based to a fee-based remuneration system has added a vital level of transparency to our business and has aligned mutual expectations.
- International acceptance and accreditation. Our commitment to adopting the internationally recognised and accredited financial planning qualification: Certified Financial Planner (CFP) has entrenched our own credibility in the Financial Planning arena.
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- Standardised reports, documentation and financial advice, constitutes an essential part of our professional and uniform recommendations within the context of our “house view”.
- A personal financial plan tailored to meet each individual client’s lifestyle objectives.
- Flexibility to accommodate changes in personal objectives, legislation and investment options.
- Cost-effective implementation of the investment strategy.
- Objective, unbiased advice, not influenced by commissions, corporate ownership or other incentives to the financial consultant.
- Long term Insurance : Category C;
- Pension Fund Benefits;
- Participatory Interest in one or more collective investment schemes;
- Health Service Benefits provided by a medical scheme as defined in Section 1 of the Medical Schemes Act, 1988.
THE PWS SERVICE :
Our service meets the following essential needs of our clients:
We strive to develop long-term relationships with our clients designed for them to achieve their investment objectives. This is possible through a common focus, commitment to transparency, solid principles and equity in reward.
The Investment Management Process
Step 1: Analyse client goals and objectives
This is the most important step in the process as it is the foundation on which all the other steps are built. Before choosing anyone to manage your investments, it is vital to give careful consideration to what you hope to gain in return. We use a proprietary methodology to answer, among others, the following questions:
1. What stage of asset growth are you in? Wealth accumulation or wealth preservation?
2. How much risk are you willing to assume for a given return?
3. What is the time frame for reaching your investment goals?
4. What is your tax situation?
Step 2: Formalise investment policy
As your professional financial planning advisor, having gained a complete understanding of all of the above we proceed to this next stage which is common understanding of investment aims and risk/return tolerances. This is established through the creation of a formal investment management policy document. This document guides all future decisions and is the central repository for all intelligence regarding client investment time frames, risk and return objectives, tax-sensitivities etc.
Step 3: Design optimal portfolio
The formalisation investment management policy, is used as the baseline for the creation of an optional portfolio. History has proved that asset allocation accounts for over 90% of a portfolio's performance and as such is the platform of the optimal portfolio design step. Utilising proprietary analytical models, we produce different scenarios defining a number of different asset blends that will meet the expected rate of return, while maintaining an acceptable level of risk within the portfolio. We then work through these scenarios with you to determine which one best suits your needs.
Investment performance is one of the primary objectives of any investor and must be weighed against the risks associated with such performance. Time horizons are a key element in determining appropriate asset allocation strategies.
In order to spread risk, one of the critical decision we make with you here is how to best allocate you funds' assets among the widest range of possibilities available.
Step 4: Manager Selection and Review
Once an ideal asset allocation is determined, using external standard quantitative methods we select fund managers to implement the selected asset allocation. Prior to this selection, we undertake a careful due diligence of the fund managers, analysing data such as past performance, personal qualifications of executive officers and the investment managers' philosophy, amongst others. These processes enable us to select the fund managers with the optimal management philosophy, style and capabilities to best manage your investments, having eliminated those not aligned to your requirements.
Step 5: Performance Reporting and measurement
Once the selected manager are in place, we then provide customised quarterly reporting which enables us to jointly monitor the performance of you investment managers.
Step 6: Portfolio Monitoring and Rebalancing
The final stage of the process completes what we call our “Virtuous Circle”. Our asset allocation and manager selection processes are dynamic – although our asset allocation guidelines tend to remain consistent over time, we review them continuously and will occasionally modify them to reflect fundamental market changes, or changes in your objectives or circumstances. In addition, we continually monitor the performance of the selected fund managers and through the comprehensive fund manager selection process, we are able to suggest replacements for under-performing fund managers without having to revisit you investment strategy.
Throughout the whole process we maintain a high-level of personal contact and ensure that whatever solutions we implement effectively managed your risks and deliver the results you desire.