MACCONNELL SNEDDON PERSONAL WEALTH MANAGEMENT
Finance in Cape Town

In 2014 they were joined by Sue White and Charl van der Spuy and they also moved to their current premises in Kenilworth. The business has recently had a name change to reflect the growth and is now known as Personal Wealth Managers. We don’t sell products to earn a living or to justify spending time with clients. It has been said that one of the main reasons that the majority of consumers did not do any financial planning was the perception that they did not have sufficient money to justify a financial plan. Certainly there are many players with massive hidden agendas that would have us believe that financial planning is incredibly complex and that you need significant funds and complicated models to do it. Financial Planning Usually this involves the preparation of a financial plan for the client. The plan will identify areas of financial risk and propose solutions to these. In addition to this we have a dedicated in-house tax practitioner who is responsible for the completion and submission of annual and provisional tax returns for our clients. Investors also need to be reminded that investment takes time and given sufficent time, most investments will produce the expected returns. And it is different for everyone, but as a rule, from a financial planner’s point of view, it is about objective (measurable) advice that results in a plan to manage current and achieve future financial needs and goals. These come right at the very end of the process and could be used to flesh out the plan. It is also quite possible that the plan identifies that no products are needed or appropriate. It is also about simplifying (unnecessarily) complex products that appear to have been designed to avoid anyone understanding the real costs and risks involved. We also believe that almost everyone could do their own financial planning. It’s a bit like fixing the plumbing at home: you either buy the tools and the manual and spend the time and energy doing it (possibly making it worse) or you call the plumber. These have ranged from a few hours at a time to full-day workshops. We can modify the material to suit your requirements. This means that there will be times when we will make recommendations that differ from your expectations. We are paid by you and not by product suppliers so we have no vested interest to place funds with one provider over another.