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Momentum AGAIN named Investment Product Supplier of the Year 2008

29 May 2008 Momentum

For the second year in a row, Momentum has been named as the Investment Product Supplier of the Year at the Financial Intermediary Association (FIA) awards held in Sandton last night (Tuesday 27 May 2008).

This is the third year that the Investment Product Supplier category has been included in the awards and the second year in a row that Momentum has walked away with the top spot in this keenly contested and highly competitive segment of the competition.

An impartial survey among FIA members by an independent research company determines this annual award. Financial advisers are invited to rate their direct experiences with product providers in several categories. The awards therefore reflect the genuine service delivery experiences of members.

According to Riaan van Dyk (pictured right), CEO of Momentum Wealth, Momentum’s continual focus on product innovation has again set the company apart from its peers. “Another dimension of our business is our commitment to service excellence to our core partners, the financial advisers who are responsible for the distribution of our business. This accolade reflects the trust that financial advisers place in us to assist them in providing their clients with arguably the best investment solutions. We are committed to maintaining this standard of innovation and delivery for our financial advisers. I believe that we would not enjoy this recognition if our products did not translate into marketable solutions that matched consumers’ needs.”

After receiving the award, Riaan van Dyk, commented that one of the biggest challenges was, and will continue to be, the effective addressing of margin pressures - while still providing a good value proposition to investors and financial advisers.

Quick Polls

QUESTION

What is ONE of the biggest challenges you face in your career as a financial adviser?

ANSWER

Limited career growth and development opportunities
Restrictive product offerings that don’t meet all client needs
A lack of support or recognition from Financial Services Providers (FSPs)
Changing client expectations and shifting market trends
High administrative and compliance burdens that limit time with clients
Difficulty in differentiating my value in a competitive market
Increased pressure to integrate technology and digital tools into my practice
Navigating economic uncertainty and its impact on clients’ financial decisions
Balancing business growth with maintaining strong client relationships
The unpredictability of commission-based earnings
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