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Dear Valued Silke Clients,
With 2024 behind us, we step into 2025 with optimism and a renewed commitment to helping you achieve your financial goals. The past year brought new challenges and exciting opportunities, and we are thrilled to share a summary of key milestones and trends shaping the journey at Silke Financial Services.
At Silke, we remain steadfast in our mission to create meaningful wealth solutions, offering financial freedom today and for generations to come. Here's an overview of our journey:
Silke Financial Services by the numbers...
| Silke Financial Services | 2001 | 2024 | 2025 |
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| Clients | 1 | 725 | 709 | | Youngest Investor | Born 1958 | Born Dec 2023 | Born Nov 2024 | | Oldest Investor | Born 1958 | Born 1926 | Born 1930 | | Oldest Investor on record | Born 1906 | | Avg Investor Age | 43 | 50 | 52 | | Gender | 100% F | 57% F / 39% M / 4% Other | 59% F / 37% M / 4% Other | | Investor Locations | ZA | ZA, UK, AUS, DE, CAN, NZ, USA, NED, IT, FR, CH, NA, MU | ZA, UK, AUS, DE, CAN, NZ, USA, NED, IT, FR, CH, NA, MU, JPN, HKS | | Goal Funds Managed | 1 | 2632 | 2526 | | Monthly Regular Outflow | R0 | R3.687m | R3.594m | Avg Monthly Regular
Outflow Since 2001 | R0 | R1.410m | R1.211m | | Monthly Regular Savings | R500 | R1.114m | R1.224m | Gross Assets Under Management
Value Since 2001 | R500 | R1.741bn | R1.794bn | | SA Rugby World Cups | 🏆 | 🏆🏆🏆🏆 | 🏆🏆🏆🏆 | | *The above figures approximates from inception to date is not exact, but is more or less correct :-) |
Key Insights from 2024
- Shifts in Investor Demographics:
The average investor age increased slightly to 52, reflecting the maturing of our client base. However, the addition of younger investors—including our youngest investor, born in November 2024—shows our continued appeal across all generations. - Global Expansion:
With new clients in Japan and Hong Kong, Silke Financial Services now operates in 15 countries, solidifying our position as a globally connected Wealthcare provider. - Goal-Oriented Financial Planning:
While the number of Goal Funds Managed declined slightly to 2,526, the quality and impact of these funds remain strong, emphasizing personalized strategies for achieving your unique financial aspirations. - Growth in Savings:
Monthly regular savings rose to R1.224 million, showcasing increased client commitment to long-term financial goals, even amid fluctuating market conditions. - Stability in Outflows:
Monthly regular outflows decreased marginally to R3.594 million, reflecting disciplined financial management across our client base.
Looking Ahead to 2025
As we move forward, we remain dedicated to your success. Here's how we're helping you navigate the new tax year:
- Discretionary Allowances: R1 million for foreign investments, travel, and more (no tax clearance required). R10 million for overseas investments (requires SARS tax clearance).
- Tax-Free Investments: Max annual contribution: R36,000. Lifetime max: R500,000.
- Retirement Contributions: Max deduction: 27.5% of taxable income, limited to R350,000/year.
Please send instructions for additional contributions to engage@silke.co.za by Friday, 14 February 2025.
At Silke, our Integrated Wealthcare approach ensures that your financial strategies are tailored to your life's priorities and aspirations. We empower you to achieve extraordinary outcomes with your wealth—today and in the future.
Thank you for choosing Silke Financial Services as your trusted partner. We look forward to another year of growth, success, and meaningful connections.
Yours in health and prosperity,
Shane Thom, CFP® GTP(SA)™
Managing Partner // Key Individual // Integrated Wealthcare Advisor // Personal Portfolio Manager (PPM) |
