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Futuregrowth Asset Management (Pty) Ltd confirms non-association with Future Growth Cash Solutions

25 March 2021 The Financial Sector Conduct Authority (FSCA)

In light of the press release issued by The Financial Sector Conduct Authority (FSCA) on 24 March warning the public to act with caution when dealing with Future Growth Cash Solutions.

The FSCA would like to clarify that Futuregrowth Asset Management (Pty) Ltd (FSP: 520) has confirmed that it is not associated with Future Growth Cash Solutions in any way.

Members of the public should always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary Services and what category of advice it is that the entity is registered to provide. There are instances where persons are registered to provide basic advisory services for a low risk product and then offer services of a far more complex and risky nature. The FSCA again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA on either the toll free number (0800 110 443) or on the website www.fsca.co.za as to whether or not such institution or person is authorised to render financial services.

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Financial behaviour experts suggest that today’s risk modelling methodologies ignore your client’s emotional ability / behavioural capacity. What are your thoughts on spicing up risk profiling tools to make allowance for your client’s financial behaviours

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[a] Bring it on; my client’s make too many irrational financial decisions
[b] Existing risk profiling tools are adequate
[c] Risk profiling tools should be based on the model / rational client
[d] The perfect risk profiling tool is science fiction
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