Absa to provide fiduciary services
Absa Bank Botswana partnered with SCI Wealth to enhance its proposition for providing customers with access to fiduciary services.
These services include drafting of wills, establishment of trusts, holistic financial planning, retirement plan, and debt management counselling and restructuring.
Absa Bank Botswana Retail Director, Valeta Mthimkhulu said the business’s new Fiduciary Services are a welcome development because it gives our customers a secure option to handle their wills and trusts.
She highlighted that the proposition
running through the bank’s affluent segment strives to help customers prioritise their financial future and that of their loved ones. “As a bank, understanding and meeting the needs of the evolving customer needs remains at the heart of what we do. We continue to support our customers in their life journeys. We are always looking for purposeful ways to deliver value in new ways to them.”
Mthimkhulu said they are excited to enable clients to conveniently access a range of services through this partnership which is a step in the right direction as the bank aims to help them in their quest to create sustainable and long- term financial wealth. “Absa Bank Botswana recognises its role and responsibilities in the financial service industry. We believe in creating sustainable opportunities for our clients, customers, and communities. We remain dedicated to helping them find ways to get things done through such propositions as Fiduciary services,” said Mthimkhulu.
The Fiduciary Services were created to act on behalf of customers in estate planning and management through the creation and administration of wills and trusts. Mthimkhulu said this is a support and assistance- focused advising solution.
SCI Wealth Managing Director, James Fern explained that through the partnership, clients will be able to have access to financial solutions including, Will drafting, trusts and estate planning, retirement planning, investment advice as well as Holistic financial plan. “Customers will be able to get free one on one consultation with the financial planner. They will be able to have independent advice from an experienced and qualified financial planner.”
For her part, Absa Bank Botswana Head of Affluent, Goitsemang Mantswe said as a business, they are committed to doing whatever it takes to make sure customers around the African continent have the best services and products possible. “We believe everyone should have access to the transformative power of financial services to help them plan, dream, and aspire to change their lives for the better.”