Absolut Wealth Management Pty Ltd

Background

Established in January 2004 by Michael Westcott, Absolut Wealth Management Pty Ltd is a South African financial services firm dedicated to empowering clients to protect and grow their wealth. The company's mission is to provide personalized, holistic financial planning and wealth management services to individuals, families, and businesses. With a commitment to understanding each client's unique life journey, dreams, and objectives, Absolut Wealth Management has become a significant player in the financial services industry, offering tailored solutions that align with clients' financial goals.

Key Strategic Focus

Absolut Wealth Management's strategic focus centers on delivering comprehensive financial planning and wealth management services. The firm specializes in:

Personal Services: Wealth management, financial planning, pre- and post-retirement planning, investment advice, investment management (local and offshore), forex transfers, life assurance (including life cover, disability cover, income protection, dread disease), estate planning (including wills and trusts), tax advice, tax returns, tax planning, and medical aid.

Corporate Services: Succession planning, buy-sell agreements, key man assurance, group life/risk schemes, corporate retirement annuities, retirement funds, cash management, deal structuring, capital raising & mezzanine finance, tax planning, management accounts & payroll management, medical aid group schemes, employee benefits, and HR management & consulting.

By offering a holistic approach, the company aims to provide clients with quality advice that is always in their best interest, ensuring maximum value and efficient service at competitive prices.

Financials and Funding

Specific financial details and funding history for Absolut Wealth Management Pty Ltd are not publicly disclosed. As a private company, it operates independently without publicly available funding rounds or investor information.

Pipeline Development

Absolut Wealth Management focuses on continuously enhancing its service offerings to meet the evolving needs of its clients. While specific product development pipelines are not publicly detailed, the firm's commitment to personalized financial planning suggests ongoing efforts to innovate and expand its services.

Technological Platform and Innovation

The company emphasizes a personalized approach to financial planning, leveraging a six-step process:

1. Introduction: Consultation regarding the client's position.

2. Gathering: Data collection and setting financial goals.

3. Analysis: Evaluation of the client's financial position.

4. Life Plan: Development of a comprehensive financial plan.

5. Implementation: Execution of the plan.

6. Reviewing: Ongoing assessment and adaptation of the plan.

This structured methodology ensures that clients receive tailored solutions that align with their financial objectives.

Leadership Team

Absolut Wealth Management boasts a team of experienced professionals:

Michael Westcott: CEO/Director. Holds a Post Graduate Diploma in Financial Planning and an International Capital Markets Qualification. A practicing CERTIFIED FINANCIAL PLANNER® with extensive experience in asset management and financial advisory.

Lucky Kritzias: Wealth Manager/Director. Holds a Post Graduate Diploma in Financial Planning and qualified as a stockbroker in 1987. A practicing CERTIFIED FINANCIAL PLANNER® with a background in banking and stockbroking.

Candice Verrydt: Practice Manager. Over 16 years of experience in accounting and finance, specializing in financial management, administration, and operations.

Frans Wessels: Compliance/Forex. Manages forex trading and compliance functions, with legal degrees and a background in HR management.

Bala Naidoo: Wealth Manager. Chartered Accountant with an MBA in Finance, practicing CERTIFIED FINANCIAL PLANNER® with experience in financial advisory and corporate sector management.

Cormac McCreesh: Tax. Financial executive with experience in M&A, transaction advisory, accounting, and taxation services.

Heinrick Klokow: Estates and Trusts. Admitted attorney with expertise in deceased estates, wills, trusts, and estate planning.

Richard Harris: Investment Manager. CFA Charter Holder with a focus on equities and derivative products.

Ryan Field: Wealth Manager. Holds a Post Graduate Diploma in Financial Planning, practicing CERTIFIED FINANCIAL PLANNER® with experience in holistic financial planning.

Reinette Venter: Wealth Manager. Holds a B.Econ degree, registered Tax Practitioner with extensive experience in the insurance and investment industry.

Niesham Ramborosa: Wealth Manager. Holds a National Certificate in Wealth Management with over 10 years of industry experience.

Michelle de Beer: Admin Team Leader. Over 14 years of experience in administration, holding a Certificate in Financial Planning.

Mientjie Terblanche: Senior Paraplanner. Nearly three decades in the financial planning industry, holding a postgraduate diploma in Financial Planning.

Leadership Changes

In March 2017, Frontier Financial Planning Services merged with Absolut Wealth Management, bringing together experienced professionals to enhance the firm's service offerings.