An Explanation of Rich Ideas Advisory and Planning Fees

Rich Ideas operates a fee-based financial planning practice, which means that we charge fees for our financial planning and advisory services.

Your first consult is at our expense (valued at R1 250), we call this session “Do We Fit”.  Our financial planning fee is customised to your specific needs and situation, ranging from R25 000 to R40 000 per annum excluding SA VAT (many payment options are available); which we can discuss at our first session.

This can be anything from a financial planning session, assisting you with your current investments, administrative services, as well as a fee for ongoing financial planning services. This is also includes advice on structuring your budget, cashflow, property purchases, vehicle purchases, estate planning, wills and trusts (local and offshore) and many more elements that affect your financial well being.

Why do we charge fees?

The financial planning fee that we charge, is for the real financial planning, which includes understanding who YOU are, what is important to you, where do you see yourself now and into the future, as well as the forecasting, projections, review of your total portfolios, analysis, best product search, suitable funds and solutions etc.

Upon implementation of solutions, commission may be embedded in a product, which will include the ongoing maintenance, care and administration that we will provide on your portfolio going forward. 

The first fee is for the analysis, planning and independent advice provided by us, much like visiting your doctor. And the second fee, is for when a product gets implemented, much like when you then visit the pharmacy to collect the medication prescribed by your doctor.

We do however discuss all our fees in our first introductory meeting (which is at our expense) and no obligation to you. Once we have an idea of what financial planning services you will require, we will be able to advise you what fee this will incur.

We will never send you a surprise invoice, all fees are disclosed and discussed upfront.