What is Wealth Management?
Wealth management or wealth management advisory is an investment advisory service that provides financial management and wealth
advisory services to a wide array of clients ranging from affluent to high-net-worth and ultra-high-net-worth individuals and families.
Top Wealth Management Companies In South Africa
| Institution | Rank | Out of 10 (Weighted) |
| PSG Wealth | 1 | 8.15 |
| Nedbank Private Wealth | 2 | 7.63 |
| RMB Private Bank | 3 | 7.61 |
| Sanlam Private Wealth | 4 | 7.42 |
| FNB Private Wealth | 5 | 7.39 |
| Standard Bank Wealth and Investment | 6 | 7.26 |
| Absa Wealth | 7 | 7.21 |
How do wealth management companies make money?
Wealth management firms make money by charging fees for the various services they provide. In the area of investments,
clients are often sold managed account services and discretionary investment accounts that are traded on behalf of the client by one of the investment professionals at the firm.
What percentage does a wealth management company take?
The average fee paid to financial advisors and wealth management firms is usually between 1-2% of the total investment sum of the client’s account annually.
It is worth noting that the advisory fee percentage is often scaled, and often decreases as the amount of assets under management increases.