Establish and define the relationship
The initial meeting involves the introduction of Accatax and the financial planner to the client. During this step the financial planner outlines his or her abilities and skill set. It is here where it is determined whether the financial planner is suitable for the client and has the abilities to meet the needs of the client.
Collect the Clients information
At this point, the financial Planner will gather all the relevant information from the client about their financial situation as well as their goals. This information can include:
- Personal Key Details
- Statement of Assets and Liabilities
- Cashflow information
- Investment and Retirement requirements
- Life Cover, Disability and Income Protection requirements
- Risk planning information
- Wills and Trust requirement
- Tax information
Analyze and assess the client’s financial status
The financial planner will analyze all the information gathered in step 2 and formulate a plan for the client to achieve their desired outcomes. The planner will compare the client’s current portfolio against the clients needs and objectives.
Develop the financial planning recommendations and present them to the client
The financial planner will present his or her recommendations to the client. Multiple outcomes will be discussed based on different scenarios and finally a sustainable financial plan will be agreed on based on the financial analysis presented.
Implement the financial planning recommendations
The financial planner will assist in the implementation of the agreed solution. This may involve direct implementation or the co-ordination of services between one of our strategic partners. This may include Stockbrokers, wills and fiduciary specialists or accountants.
Review the client’s situation
The Client and the financial planner will agree on the appropriate review intervals. The review process will include an update on the current portfolio versus the goal and make any adjustments to the strategy to keep the financial plan in line with the clients’ needs and objectives.
2021 Fee Schedule
Please note: fees are reviewed on an annual basis for CPI adjustments and will be posted on our website and provided to clients on review. All fees are inclusive of VAT – We reserve the right to request a deposit.
Financial Needs Analysis
|Financial & Investment Planning: Basic||R6,000|
|Financial & Investment Planning: Advanced||R9,600|
Hourly Consultation Fees
|Key Person – Estelle CFP®||R 4 000|
|Senior Consultant||R 2 500|
|Income Tax Registrations (Individual)||R 860|
|Basic Tax Return||R 840|
|Tax Return with car allowance||R 1400|
|Tax Return, calculation of deductions as well as car allowance||R 1560|
|Provisional Tax Return (IRP6 Form)||R 510|
|Provisional Tax – “nil” return (no calculations made)||R 210|
|Pensioner Rates (any tax returns)||R 510|
|Request income tax certificate / tax clearance / good standing|
(existing tax clients)
Admin Fees : Insurance Products per Policy
|Maturity||R 330 (per policy)|
|Cancellations / Surrenders||R 330 (per policy)|
|Updating of Assurance Portfolio (per policy / investment)||R 120 (per policy)|
|Policy Amendments (without commission earnings)||R 520 (per policy)|
|Any admin request not mentioned||To be negotiated|
|Address changes – all companies||R 120 (per policy)|
|Change of Beneficiary||R 120 (per policy)|
|Application for Policy Loan||R 275 (per policy)|
|Wills (administration / drafting)||To be negotiated|
|Wills (amendments)||To be negotiated|