Financial Planning

Private Wealth Management

Wealth is not just about money. It is the activator to unlocking opportunities and is an integral part of building a solid foundation on which to achieve all your goals. We take a different approach to Private Wealth Management. W¬e start with a comprehensive Profile Analysis, as this allows us to design a portfolio to better assist you in managing your financial needs, ensuring that the offering can be tailored to match your growth and development milestones.

We embrace wealth in all its facets, and while it is not confined to financial planning, protecting, growing, and preserving your assets certainly is a core component. To assist you in achieving these goals, we provide professional advice and customised solutions through a range of products.

Financial Planning advice must always be part of a comprehensive, ongoing partnership between you and your Financial Advisor, allowing for the adaption of the ever-changing client requirements. The process we employ takes into consideration your income, expenses, investments and debt; your short-term and long- term goals including retirement; your taxes, financial risks, wealth protection, disability and death not forgetting the legacy you choose to leave behind. Together, we have the experience and skills to take control of your financial future and ensure that you own your life.

Retirement Planning

Understanding Retirement Planning

In the simplest sense, retirement planning is the planning one does to be prepared for life after paid work ends, not just financially but in all aspects of life. The non-financial aspects include lifestyle choices such as how to spend time in retirement, where to live, when to completely quit working, etc. A holistic approach to retirement planning considers all these areas.

The emphasis one puts on retirement planning changes throughout different life stages. Early in a person’s working life, retirement planning is about setting aside enough money for retirement. During the middle of your career, it might also include setting specific income or asset targets and taking the steps to achieve them. Once you reach retirement age, you go from accumulating assets to what planners call the distribution phase. You are no longer paying in; instead, your decades of saving are paying out.

Retirement Planning Goals

Remember that retirement planning starts long before you retire—the sooner, the better. Your “magic number,” the amount you need to retire comfortably, is highly personalized, but there are numerous rules of thumb that can give you an idea of how much to save.

People used to say that you need around R15 million to retire comfortably. Other professionals use the 75% rule (i.e., you need enough to live on 75% of your income at retirement). If you made R50,000 per month , you would need savings that could produce R37,500 per month for roughly 20 years escalating with inflation, or R9 million in capital. Others say most retirees are not saving anywhere near enough to meet those benchmarks and should adjust their lifestyle to live on what they have.

Whatever method you and your financial planner use to calculate your retirement savings needs, start as early as you can.

Estate Planning and Wills

Estate Planning

Estate Planning involved the drafting of documents and processes to be followed upon your death to ensure your loved ones are taken care of. Estate Planning is crucial if you are married, have been married, have children and/or support individuals financially.  It allows for the protection of your loved ones from legal hassles and financial uncertainty after your death.

Planning your estate allows you to restructure your finances and assets in a way that ensures the relevant duties are minimised; that there is sufficient liquidity to meet your estate’s financial obligations upon death and ultimately, that any inheritances are sufficiently distributed or protected for your beneficiaries.

Will Drafting

Drafting a Will allows you to stipulate how the assets accumulated during your lifetime would be distributed upon your death. It enables you to select who gets what and allows you to choose the executor of your estate. But above all, it represents financial peace of mind to those you leave behin

Healthcare and Medical Aid

Medical Aid and Healthcare is an extremely specialised industry. Hospital and Healthcare costs are on the constant rise and with the vast number of available products and benefits, makes it extremely difficult to make sense of. Whatever your requirements, be it a Company Scheme for employees or for Individual and Family Health cover, Platinum Consulting will consult and formulate an offering that meets those requirements and remain within your budget as well.

Employee Benefits

Your Employees are the backbone of your Company and crucial in sustaining and achieving your company’s goals and objectives. Offering benefits to your employees is important because it shows them you are investing in them. As a business owner, a decision-maker within a business or a Trustee, you have an obligation to provide the correct retirement and risk solutions to the Employees that you are responsible for. Whether your motivation is moral, social, economic, or you are using employee benefits to attract and retain key staff, you take on a huge responsibility. Dealing with a reputable market leader with an established track record, makes this journey effortless.

how can we help you?

Contact us at Platinum Consulting or submit a business inquiry online.

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