We once again were able to host a very successful Financial Planning Week (FPW) an ongoing annual consumer initiative organised to make financial planning the basis of every South African’s life.
The objective was to promote Financial Planning for All
During this week we supported both World Investor Week sponsored by the International Organization of Securities Commissions (IOSCO) and the FPSB’s World Financial Planning Day (WFPD) on the 5th of October. WFPD helped raise awareness of the value of financial planning, having a financial plan and working with a financial professional. For Financial Planning Week we adopted the WFPD’s theme of LIVE YOUR TODAY, PLAN YOUR TOMORROW. On the other hand, World Investor Week raised awareness about the importance of investor education and protection.
During the week we had Facebook live session covering the following topics:
- Children and money
- Managing risk in your life
- Managing your finances in tough times
- Investment planning – Global vs Local and everything in-between
- Benefits of working with a financial professional
The Facebook live participants were professional members of the FPI and included Gugu Sidaki, CFP® Tsungai Masendeke, CFP® Thembisa Mngadi, CFP® Palesa Dube, CFP® and Lelané Bezuidenhout CFP®
Kobus Kleyn, CFP® posted various messages on social media.
Dhevan Naicker’s, CFP® recorded a message on the value of dealing with a Financial Planning Professional.
Renate Jute, CFP® spoke about the Benefits of working with a financial professional
Paul Roelofse, CFP® discussed how to make financial planning the basis of your everyday life on Radio 702.
Francois du Toit’s podcast was titled “Your straightforward guide to start your financial planning journey.
We received articles from:
Phina Nukeri, CFP® – Protecting your loved ones from the grave
Charleen Rix – In tough times, should you cancel your medical scheme membership
Kim Potgieter provided her e-book for sharing and download titled 10 Essential money conversations for couples and we also received BDO’s Collective guide to Wealth Wellness 2022 titled a penny for your thoughts.
Other contributions were received from the Tax Ombud, SABRIC and the FSCA.
Mina Odhav, CFP® and Mulalo Nemataheni provided consumers with the opportunity to have a complementary consultation with them during FPW. Mina is in Mmabatho and Mulalo in Thohoyandou.
In support of the FPI Financial Planning Week (3-7 October), four wealth management companies (Veritas Wealth, Netto Invest, Crue Invest and WealthUp) participated in a panel discussion hosted at Allan Gray’s Auditorium on 27 September. The discussion aimed to give 20 to 35 year olds the skills needed to get their financial affairs on the right track. Netto Invest’s Lindsay Frost, CFP® CA(SA) acted as MC, Michael Maré, CFP® FPSA® touched on the difference between investing and saving as well as which structures are best to invest into, while other panellists focused on insurance, debt management, estate, and tax planning.
In support of the FPI’s MyMoney123™ and FPW Netto Invest hosted SAYes Mentoring’s mentees at their office on Monday, 3 October.
The aim was to introduce mentees to an office environment and to show them that a wealth management company comprises various roles, not only wealth managers and financial planners. Receptionists, operations, communications, administrators, etc., all add to the success of a company.
What a privilege to spend time with these bright and curious young minds. The team shared more about their respective responsibilities. Training & Development Facilitator, Elmari Furby, explained the do’s & don’ts of financial planning, and Jennifer Nedzamba, CFP® showed mentees how to best manage their personal budgets. During lunch, mentees had the opportunity to reach out to the team member whose role interested them the most and ask more in-depth questions (what did they study, what route did they take to get to the company, which skills are needed, etc.).
Not forgetting our FPI staff, who will be addressed by Edith Chetty from Energ-e Activated on World Financial Planning Day.