Getting onboard

All Momentum consultants are in principle to become members of the Financial Planning Institute (fpi), says Kobus Sieberhagen, CEO of Momentum Distribution Services.

In terms of an agreement recently signed, Momentum consultants will be supported and assisted to become fpi members, says Sieberhagen.

“We believe that membership of the fpi and the value that can be added to the service offered by consultants as a result of the membership is of the utmost importance to anyone active as intermediaries in the financial services sector.”

“Momentum is actively training and supporting its team of consultants to qualify to register as required by the Financial Advisory and Intermediary Services Act (FAIS).

However, to succeed and to offer the type of service Momentum expects from its consultants, compliance with FAIS represents just one aspect of the overall package.”

Intermediaries not only need to have the necessary expertise and qualifications, but also in-depth and up to date knowledge relating to the environment in which they operate, says Sieberhagen.

“It is here that membership of the fpi is particularly valuable. The fpi is the source and sets the standard in terms of financial planning in South Africa. Its internationally recognised Certified Financial Planner (CFP) certification demands the highest level of professionalism from members.

For this and other reasons it is a fact that membership of the fpi is not really a nice to have, but essential and representative of a successful future in the industry.”