NEWSLETTER DECEMBER 2018
ESTEEMED CLIENTS
& ASSOCIATES:
With the end of year
in sight, we would like to take this opportunity to reflect on the events that
shaped 2018.
We thank each and
every one of you for the continued support during this year.
2018 was a
challenging year, the poor performance of the JSE was a big disappointment in particular.
We expect that 2019
will still be volatile up and till the General Election and that the Economy and
Markets will improve after that. Recent events, like the investment conference
held in October where South Africa secured R290 billion in investment
announcements, shows our government is commited in growing the economy.
We are grateful for
our family business and all our clients and associates. As a family business we
are committed to help each and every client reach their financial goals by
conducting a comprehensive financial needs analysis that will firstly help
identify their goals and secondly compile a plan that will put them on a path
toward achieving these goals.
Rapid advancements in
medical science has made it possible to detect and cure life-threatening
diseases like cancer at an earlier stage. However, advanced treatments can be
very expensive. For this reason, comprehensive illness cover is a necessity.
Approximately
100 000 South Africans are diagnosed with cancer every year. Many of these
patients find themselves in financial difficulty as medical schemes often do
not cover the full cost of the required medication and treatments. Severe
Illness insurance provides cover for this short-fall at an affordable rate.
During the year we have successfully submitted claims of clients that was diagnosed
with a severe illness. It is noticeably clear that people are being diagnosed
with severe illnesses at a younger age. Therefore, we cannot stress enough the
importance of this cover.
Our deepest
condolences to those who are suffering from an illness, as well as those who
have lost loved ones over the past year.
Most of us are aware
of recent media coverage regarding a death claim that was rejected by Momentum
life due to non-disclosure from the client about his medical history. It is for
this reason that we put so much care into ensuring that all information is
accurate during the application process to avoid any potential problems at
claim stage. We continuously strive to
present the best possible product for each of our clients.
It is important that
your life cover is reviewed annually. We encourage clients to stick to our
annual appointment.
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Contact
us for more information regarding RISK COVER:
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There are plenty of
talk and many articles written about the short-fall South Africans face when
saving for retirement.
It is of critical
importance to review pre-retirement planning annually, and for pensioners to
review their financial position to ensure sustained post-retirement income.
67% of people who resign have their retirement
savings paid out. The consequences of this on retirement and tax liability can
be catastrophic.
There are options
available to preserve your Retirement savings when you resign.
It is of the utmost
importance that you consult with a Financial Advisor when you resign or retire.
We as advisors will present a comprehensive report to the client that clearly
shows the position at retirement as well as any tax implications.
Still tempted to cash
out your retirement savings? Read here
the impact that cashing out can have on your retirement income.
https://businesstech.co.za/news/banking/260419/2-very-different-retirement-scenarios-in-south-africa/
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Contact
us for more information regarding RETIREMENT:
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As mentioned above
this year was extremely challenging with regards to the ALSI performance.
The JSE ALSI achieved
-11.2% over a 1-year period from 29 Nov 2017 to 29 Nov 2018.
Over the same
period all of our portfolios outperformed the market.
We make use of the
best fund managers and have regular meetings with them to compile the best
investment solutions for our clients.
Investment planning
is the biggest single component in our practice, and for this reason we spend
the most time on this subject.
It is important to
build well diversified investment models to ensure that we stay in touch with
every client’s long-term investment goals, and not to make emotional short-term
investment decisions that can be very costly due to numerous factors.
In a recent article
posted by IOL.co.za (24 Oct), it was again highlighted how a good financial
advisor can add value to your portfolio when sound financial decision making is
not based on emotional decisions: “Research suggests that
engaging with a trusted and qualified adviser and making
the correct financial planning decisions can add 1.82% a year to a client’s
returns over time, compared to someone without an adviser.”
Our revision appointments with our investment
clients is important to us. During these appointments we discuss and offer
insight into the investment world and conduct a re-balancing of the clients’
portfolio as required.
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Our
mission is still the creation and retention of wealth as well as protection
against financial risks for each client:
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It is important to review your insurance policy on an annual basis to
ensure that you are sufficiently insured. With renewal please read the
insurance summary and recommendations carefully. It is important to let us know
if your contact details have changed.
Ask yourself the following key questions:
·
What is the replacement value of all your home
contents?
·
Is your building insurance enough to replace
your building at full value?
·
Have the security measurements for your car or
home changed?
·
Have you recently added expensive items like
laptops, cellphones, jewelry etc. to the items that you carry around with you
daily?
For many entrepreneurs that run a business from home, the line between
personal and business insurance becomes blurry. The reality is that businesses
needs to have a business insurance policy to ensure they are covered for the
risks that businesses face.
Think about the loss of stock due to theft or fire or the loss of
essential equipment which can be devastating for small businesses. It is
extremely important that a comprehensive needs analysis is done to ensure your
business is properly covered against all possible risks. We recommend clients
compile an inventory list annually and consult a professional to establish the
true value of their content and buildings.
Please contact us if
you have any queries regarding premiums, service or general queries. We are
commited to deliver excellent service to you and welcome any feedback. Please
do contact us before changing to insurers promising lower premiums.
As a prefered partner
to top insurers, we have access to higher discount mandates and can negotiate
better rates on behalf of our clients.
For after
hour enquiries or emergencies: (Be sure to have your policy or I.D number at
hand when calling)
OM Insure
Tel: 0861 247 365 Claims, Emergencies, Swiftcare, Roadside assistance, Home
assistance and Medical emergencies. Swiftcare has also recently launched an app
that can be used in case of emergencies. Feel free to contact us for more information
on how to install the swiftcare app.
Tel: 0860 637 373
General Enquiries like
adding or removing items to your policy and all other changes.
Santam
Tel: 0860 505 911 Claims, Emergencies, Roadside assistance, Home
assistance and Medical emergencies. Santam also has a mobile app. Feel free to
contact us for more information on how to install the Santam app.
Tel: 0860 726 826
General Enquiries like
adding or removing items to your policy and all other changes.
Auto
& General
Tel: 021 527 8666
Claims, enquiries or
changes to policy.
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Contact
us if you would like to REVIEW or REQUEST changes to your insurance policy.
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COMPLIANCE:
Our compliance is still done by Masthead (The biggest
Network of Independent Financial Advisors). We are proud that our compliance is
up to date and we received a healthy quarterly audit. Thank you to everyone at
Masthead who ensures that we are 100% compliant with regulations. We would also
like to thank the various legal experts who we can always count on for your
expert advice.
WEBSITE:
We are planning to re-design our Company Logo next
year and to update our website. We encourage everyone to like our Facebook page
as we often post valuable information to this page.
Click here to visit our Facebook page
https://www.facebook.com/tvzfinancialservices
SUCCESSION PLANNING:
An effective succession plan is a requirement from
the FSB. Our succession plan is fully accepted by the FSB. Antoni and Marco are
already 100% involved with all aspects of the business to ensure that all
business aspects will continue as normal if Toni and/or Elmarie weren’t working
anymore. We are planning to introduce Antoni and Marco to the clients whom
haven’t met them yet next year.
CONDOLENCES, WELL
WISHES AND INSPIRATION:
It was with great sadness we had to say goodbye to
Tannie Sarie who passed away earlier this year. She was a client for more than
20 years and we will miss her immensely.
Some of our younger clients have earned a
scholarship. Congratulations, we are extremely proud of you.
TAX
SARS has requested a lot of audits on true medical
expenses this year. Medical expenses, not reflecting on the medical aid
certificate, was regularly questioned. SARS has become increasingly strict in accepting
claims. Audits have also taken on average 30 working days to complete. We are
firstly financial advisors, and tax is only done to complement the advice
given. We can therefore submit taxes successfully but can’t guarantee or
speed up any claims.
CLOSING STATEMENT
Our
success in the practice is determined solely by the support of our clients. We
are humbled by this and would like to sincerely thank all our clients for your
continued support. Welcome to all our
new clients who have joined this year.
We kindly request clients to contact the office directly,
to ensure the request is handled in a timely matter. If the advisor is out of
the office, it is not always possible to answer requests efficiently and in a
timely matter.
2018 was a busy year and we look forward to the time off.
We are excited for what 2019 may hold.
The office will close on Thursday 20 December and re-open on Monday 7 January 2019. We have
our year-end function on Friday 14 December and won’t be available from 12:00.
We apologize for any inconvenience this may cause you.
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Kind
Regards from all of us at Toni van Zyl Financial Services
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