Best Advice Financial Services
Insurance Brokers
| Contact Details | |
|---|---|
| Telephone | 013 750 1941 |
| Website | www.bafs.co.za |
| leon@bafs.co.za | |
| Physical | 4 Hooggelegen Estate,White River |
Profile
Best Advice Financial Services (Pty) Ltd (BAFS) was established in February 2002 as an independent broking firm. Our objective is to assist our clients in realizing their life goals through sound financial management, incorporating both Long Term and Short Term insurance products.
LONG TERM FINANCIAL PLANNING
The company’s mission is to assist its clients in achieving their financial goals through the application of Generally Accepted Financial Planning Practice as endorsed by the Financial Planning Institute of South Africa. We believe that finding the right product for a specific client is vital in fulfilling this mission statement.
The company’s philosophy is that our client’s success will contribute to our success. Accordingly, we focus on building long term relationships with a reputation for finding the best solutions for clients’ needs.
We also believe that our independence from the major institutions helps us to stay focused on our clients’ needs, without the interference of contractual obligations.
Our consultants are thus able to compare the products of various service providers objectively to ensure that our clients get the Best Advice. We offer an extensive range of financial products from the leading product providers.
These products include:-
Employee Benefits
-Pension Funds
– Provident Funds
– Fund Analysis & Comparison
– Medical Aid
Individual Products
– Life-, Disability Cover
– Dread Disease
– Income Protection
– Retirement Annuities
– Unit Trusts
– Endowment Policies
– Medical Aid
Business Products
– Buy & Sell Agreements
– Key Man Insurance
– Contingent Liability Plans
– Overhead Expense Benefits
– Deferred Compensation Schemes
The Company is licensed in terms of the Financial Advisory Intermediary Service Act, and holds professional indemnity insurance through the Financial Planning Institute of South Africa.
Defining Best Advice
Best Advice is often a matter of opinion, but we believe that the following basic steps are vital:
- Determining the objectives of the client.
- Gathering information on the client’s current situation.
- Comparing different options based on the objectives of the client.
- Presenting the comparisons in understandable terms.
- Making sensible suggestions based on the information supplied.
- Implementing client’s decisions.
- Maintaining client satisfaction.
Employee Benefits
Applying the above steps to a comparison of our clients Employee Benefits if applicable, the following basic objectives should be high on the priority list:
- Maximizing after cost allocation of contributions to investment account
- Providing quality and cost effective risk benefits.
- Flexibility
- Ease of Management
A vital step in finding the Best Advice for a specific client is to gather information on the client’s current situation.
The next step involves gathering quotations from different service providers to administer and provide risk cover for the employee group. We consequently scrutinize the different options based on the objectives set by the client.
Following our analysis, we present our clients with a report on our findings. We feel it is imperative that our clients should be helped to make informed decisions, and as such try to keep the presentation as transparent as possible, while welcoming questions on details.
Maintaining Client Satisfaction
BAFS is focused on protecting clients’ interests, independent from financial product providers. When problems arise – “Who are you going to call?” We hope it will be us!
