In keeping with the ever-evolving wealth management industry, PSG Wealth constantly strives to improve. Its business model differs from the rest in that each branch is its own profit centre, though all financial advisers are PSG employees. This gives it an unmatched geographic reach nationally. It is also beefing up its international reach through its office in Mauritius, which will form the hub to service clients transacting into Africa. The group has also restructured PSG Trust, with fiduciary advisers now owning their practices.
What we say
PSG Wealth is a consistently strong performer, scoring well across all archetypes to finish third overall. It consistently delivers good service: it finished third in the People’s Choice award in the Top Wealth Manager category. PSG has the capabilities and in-house expertise to cater in full to all archetypes. The firm is impressive with its entrepreneurial spirit and ability to partner with clients and list businesses, as it has done with Curro and Capitec. PSG Wealth is positioning itself as an investment optimist, saying it does not agree with the negative sentiment about SA’s future. It has launched a campaign to engage with clients through 170 client functions to “help them see the bigger picture” and to prevent them from disinvesting “and missing out on the next bull market”.