Approach
Knowing who you plan with sets you apart.
Founded in 1990 by Advocate Ken Silke, a well-known persona in the South African investment world. Ken’s founding belief was that Silke Financial Services should always remain independent.
We are steadfast in our decision not to be subjected to shareholder pressure, or to the constraints of operating in a large group with the inherent conflicts of interest, so as to always act in each client’s best interest. In fact, we have a legal fiduciary obligation to act in each client’s best interest.
Wealth is from the Old English words ‘weal’ (well-being) and ‘th’ (condition) which taken together mean ‘the condition of well-being’.
= the condition of well-being
To be genuinely wealthy one must develop a system that aligns one’s values and principles with the actual conditions of one’s well-being: personal, professional, spiritual, environmental and financial.
A proudly independent family business, serving fourth-generation clients with third-generation advisers. We share the values that guide all family entrepreneurs wishing to pass their wealth DNA on: responsibility, long-term commitment and the pursuit of excellence.
The Integrated Wealthcare Planning Process™
Plan
Your present financial position helps us understand what you own and owe, as well as your current challenges and opportunities. From there we build a plan that addresses each key area of your financial life.
Protect and preserve
Assurance analysis and planning, health care planning, post-retirement drawdown, tax and fiduciary planning. Proper cover for that which is most important to you, beginning with your family.
Prosper
Pre-retirement planning and the Silke model portfolios. Investment selections that support your personal goals as they evolve, with a quantitative approach that pays attention to the numbers instead of the intangibles.
Six steps, in order
Introductory meeting
We explain our planning process and services, how we envisage an ongoing relationship, what your responsibilities would be and how we earn our fees. Then we both decide whether to establish a professional relationship.
Understand your situation
If our Integrated Wealthcare™ approach is right for you, we gather relevant information and an understanding of your financial goals, including timeframes.
Analyse and assess
We consider all aspects of your financial situation: assets, liabilities, investments, personal risk cover, tax strategies and fiduciary needs.
Present recommendations
We explain our rationale so that you can make an informed decision, voice any concerns and be sure you understand what we propose.
Implement
Once you agree, we carry out the recommendations. Everything is documented in a Client Advice Record emailed to you after our meetings.
Review annually
We meet each year to review your situation and monitor progress, with an Investment Overview and quarterly statements. Ad hoc meetings follow any change in your circumstances.
Coaching and advice, together
The Integrated Wealthcare Planning Process™ is comprised of personal financial coaching and financial advice. Financial advice is transactional assistance; financial coaching is transformational. It is a one-on-one relationship in which your Wealthcare adviser encourages and supports the attainment of financial plans that align with your value goals, and allows you to own the process and the outcomes.
How we are paid
We are paid by you, not by product suppliers. Our fees are set out in the Terms of Engagement and drawn to your attention before any work begins.
Fees include VAT at 15%. Product administration and fund management fees are charged separately by the supplier; Silke Financial Services receives no portion of them. We earn commission on risk business in terms of the Long-Term Insurance Act.
In all dealings with our clients we at Silke Financial Services pledge to be:
Holistic in outlook
We will consider all of your circumstances, family needs, goals, values and aspirations when making recommendations.
Professional in conduct
We will protect your privacy, maintain the highest ethical standards, continually enhance our skills, and refer you to other professionals when you need help outside our expertise.
Educational in nature
We will guide you through your options and explain them clearly. We will always take the time to make sure you understand our advice.
Independent in compensation
We will never sell you a product or service other than holistic financial planning, nor take a commission or referral fee from another professional. You will receive objective, unbiased advice.
Committed to your success
Holistic financial planning is a process, not an event, and we commit to adjusting your plan as your life goals change.
Read before your first meeting
Let’s do it together.
A first conversation is on us and without obligation. We will listen before we suggest anything.