VERSO WEALTH

Financial Mail - Investors Monthly - - Cover Story -

Over­all

A strong en­try from this newly formed firm, win­ning the Peo­ple’s Choice award as Top Wealth Man­ager and rank­ing fourth in the Wealth Man­age­ment Bou­tique cat­e­gory. Verso Wealth was formed through a 50:50 merger be­tween the Verso Group and Galileo Cap­i­tal Grow in 2015. The Verso Group spe­cialises in pro­vid­ing re­tire­ment fund ad­min­is­tra­tion and ad­vice on em­ployee and med­i­cal aid ben­e­fits. It is the first time this firm is par­tic­i­pat­ing as Verso Wealth, though Galileo Cap­i­tal par­tic­i­pated pre­vi­ously. The new busi­ness of­fers in­de­pen­dent fi­nan­cial plan­ning and es­tate plan­ning ad­vi­sory ser­vices to medium to high-net-worth in­di­vid­u­als and their fam­i­lies. Other group com­pa­nies of­fer em­ployee ben­e­fits and other ser­vices, along with spe­cialised ser­vices in­clud­ing short-term money mar­ket bro­ker­ing.

What we say

Win­ning the Peo­ple’s Choice award shows that, through its tran­si­tion, the firm has man­aged to main­tain the high client sat­is­fac­tion lev­els achieved by its pre­de­ces­sor, Galileo Cap­i­tal, which won the Peo­ple’s Choice last year. Clients were pos­i­tive in their com­ments and gave ex­cep­tion­ally high rank­ings on sat­is­fac­tion is­sues.

El­i­gi­bil­ity

In­vestable as­sets of R1m or more. We en­cour­age all the big­ger com­pa­nies in­volved in wealth man­age­ment to com­plete a ques­tion­naire to en­able our judges to as­sess them. This year In­vestec and Ci­tadel de­clined to do so. We dis­cuss their of­fer­ings be­low, gleaned from our re­search.

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