MEET THE TEAM


 

WEALTH

FINEX SA WEALTH

While the FINEX SA Group was founded in 2013, in 2018 the decision was made to expand the financial services offering of the Finex SA Group and Finex SA Wealth was started. Finex SA Wealth’s mission is to provide a world-class comprehensive and independent Wealth Management service to companies and individuals. Hence its primary focus is centred around:

  • Company Employee Benefit (EB) Schemes: this includes pension and provident funds, long term risk cover such as Life, Disability, Income protection, Dread Disease and health cover.
  • Holistic Wealth planning for individuals at those companies: This encompasses all kinds of local and offshore investments, retirement planning and various short-term and long-term risk (insurance) cover needs.

Finex SA Wealth is an independent financial advisory and so is focused on and able to find, the best products and solutions to meet clients’ needs, from the many suppliers and products in the market. While Finex SA Wealth as a company is new to the market, the team is comprised of independent Wealth Managers with many years’ experience in the financial services industry and to support them, they have direct access to specialists in all Wealth sectors, including the various insurance covers (Life, Income protection, Disability, Dread Disease, Health and Short term).

Here is a more detailed breakdown of the Finex SA Wealth, Group scheme (EB) service:

1. SUPPORT SERVICES

Consulting to clients on the following matters:

  • Corporate governance
  • Retirement and risk (both long term and short term) benefit design
  • Medical Aid benefit design and Gap cover
  • Industry trends and developments
  • Consulting to individual members and ensuring efficient administration of retirement fund and member benefits

2. EMPLOYER SUPPORT 

  • Review costs annually to ensure best price and offering and re-broke if needed
  • Fund Investment strategy and advice
  • Regular management committee feedback
  • Management committee training
  • Annual benefit structure review and guidance
  • Payroll assistance and guidance in terms of fund contributions
  • Advice and insight on legislation and market trends
  • Administrative assistance and service level management

3. MEMBER SUPPORT

  • Dedicated consultants who will meet with members face to face to discuss individual financial needs and individual holistic financial planning and assist them to best meet their financial needs
  • Assist members and beneficiaries with claims procedures and benefit options
  • Central EB scheme portal access
  • Fund road shows
  • Financial coaching seminars and Retirement planning seminars

Here is a more detailed breakdown of the Finex SA Wealth service to individuals:

1. SOUTH AFRICA

  • Advice is given on investments in Pension funds, Provident funds and Retirement Annuities for both pre and post retirement, Endowments and LISP platforms.
  • Finex SA Wealth also provides advice on long term insurance (life, accident, disability lump sum, disability income and dread disease cover) and partners with Bestsure to provide the best short-term insurance cover.
  • Advice is also given for education planning
  • Through the license Finex SA Treasury holds, the following services are also available: Foreign Exchange, Derivatives, Stocks, Structured products and Gold trading.

2. OFFSHORE

  • Advice is given on investments in Preservation funds and Pension schemes as well as Endowment platforms. Various Pension scheme solutions are available for UK citizens and there are specialist solutions for US citizens and South Africans wishing to diversify. Finex SA Wealth partners with several service providers, based in several jurisdictions in order to be able to offer the best solutions.
  • Finex SA Wealth also partners with several suppliers in the offshore property and property related investment sector. Markets covered are the USA, UK, Europe and Australia.
  • There is also a partnership with suppliers who specialize in international residency and citizenship programs.
  • Finex SA Wealth also partners with specialists in the field of international wills and estate planning and with companies specializing in structuring the estates and wealth of ultra-high net-worth individuals. These suppliers are also able to assist South African companies who want to grow and expand into international markets.

FINANCE

BACKGROUND

Finex SA Finance is the latest addition to the Finex SA family of companies.  

MISSION

Our mission is to become a leader in providing business finance that is really tailored around the business client needs and where the relationship is one where the business owner really gets tangible benefits.

With an expanding product offering to its client base and a deep-rooted understanding of the underlying business risk of the business, the company is ideally positioned to offer funding solutions to its increasing client base that take cognisance of its business realities. 

Finex SA Finance provides funding solutions in the following ways:

  • Retail funding
  • Trade funding
  • Bridging finance

RETAIL FUNDING

The purpose of retail funding is to provide the client of Finex SA, with the ability to expand their product / service offering to now include a financed offering.   Growing sales sustainably should be a key pillar for any business owner to increase the value of their business.  In many cases, our clients have indicated that a funded solution will help them to increase sales.  However, to extend terms to their clients will place excessive pressure on their own cashflow, not to talk about having now to manage all of these debtor’s accounts. 

The retail funding solution that Finex Finance offers, solves this problem for the client.  Clients can offer a funded solution to their clients without having to bear the risk of additional funding required or the burden of administratively having to handle the finances of the deal.

So, if your business can do with extra sales and there is a clear need from your clients to pay off the price over time, it will make sense to get in contact with Finex Finance.

TRADE FUNDING

Trade funding solutions are focussed towards the business.  Although the funding solutions offered are not unique, what differentiates us is the very personal approach followed in customizing a solution which will work for the client and also the lesser emphasis which is placed on the very old forms of security (which most SMEs do not have). The application process followed is not a tick box exercise with no real understanding of the business realities.

As far as possible business risk is mitigated by the Finex SA Group by getting more involved in all facets of the business - rather than requiring security such as a bonded property for example.  Typically, a requirement to funding will be that professional financial management needs to be introduced and kept intact for the duration of the funding.  This means that whilst enjoying the benefit of the funding, the business owners also get access to specialists in the field of financial management, which helps the business to increase its value over time.

Typical example of funding services that will be provided

  • Sales invoice discounting
  • Payment of suppliers on delivery of products, whilst extending terms to the client (supplier funding)
  • Margin finance

FINEX SA GROUP

CEO - Erik Marais

Legal Counsel - Peru du Toit

Financial Manager - Gretchen Gray


TREASURY

Administration & Compliance - Gretchen Gray & Sasha-Lee Van Rooyen

Client Liason - Jacques Rudolph


LOGISTICS

Logistics Operations Manager  - Ruaan Louw

Business Development Manager - Spenser Buxton

Sales Executive - Aidan Litchfield

Import and Export co-ordinator - Zahn Kriel

Administration Assistant - Chante Adonis


GLOBAL

CEO - Niel Moore

Business Development Manager - Faure Basson


FINANCE

CEO - Olof Vorster


WEALTH

CEO  - Thilo Klingenberg

Senior Wealth Manager - Kevin September

Address: FINEX SA, BKB Building, Cecilia Sq,100 Cecilia Street, Paarl, 7646

Tel: 086 11 11 842

Fax: 086 52 44 666

Email: info@finex.co.za

For a full copy of our conflict of interest policy or any complaints, please send us an email to info@finex.co.za.

BOTTOM LOGO2

Tel: 086 11 11 842  |  Fax: 086 52 44 666  |  Email: info@finex.co.za

Address: FINEX SA, BKB Building, Cecilia Sq,100 Cecilia Street, Paarl, 7646