'An orchestra worth playing' - Dynamic Wealth (Pty) Ltd. launches new company
Dynamic Wealth (Pty) Ltd, a leading provider of specialised financial services, recently launched their new addition to the Group, namely Dynamic Wealth Administrators. This company specifically focuses on Pension and Provident Fund Administration. Numerous launches will be held during September and October in various regions, including Pretoria, Durban, Johannesburg, Witbank, Port Elizabeth, Cape Town and Bloemfontein.
HP Howatt, CEO of Dynamic Wealth Administrators, emphasized the benefit of a Pension or Provident Fund by explaining that when an employee reaches retirement age or a catastrophic event occurs and the employee can no longer provide financial income to his/her family, it can put an additional burden on the employer if the employee did not make provision for such events. "The employer can ensure that an employee or his/her dependents are financially taken care of in unforeseen circumstances and offer his/her employees the added benefit of a Pension or Provident Fund."
Dynamic Wealth Administrators offers a range of products, known as the Conductor Series, which consists of four plans that offers three standard options with some flexibility and a tailored option for employers who want to build their own unique plan to meet their specific needs. The plans include the Sonata, Concerto, Symphony and the Rhapsody. "These plans, excluding the Rhapsody, are structured in such a way that a member invests approximately 70% of the total contributions for his/her retirement", states Howatt.
The Rhapsody plan is perfect for medium to large groups who desire to provide specific retirement or risk benefits for their employees, which includes a diverse range of risk-profiled multi-managed investment packages. "The Concerto plan is designed for employers who whish to provide better than basic retirement and risk benefits for their employees, offering a range of risk-profiled multi-managed investment portfolios.
The Symphony option is specifically aimed at employers who aspire to provide more comprehensive retirement and risk benefits for their employees. It also includes a range of risk-profiled multi-managed investment portfolios. The last plan, Sonata, is designed for employers who wish to provide basic retirement and risk benefits for their employees, presenting a range of risk-profiled multi-managed investment portfolios.
"The funds are administered on the Dynamic Wealth Administrators Platform, designed for modern processes and exceptional service delivery," reassures Howatt. The services of Dynamic Wealth Administrators encompass service level agreements, financial and legal compliance, integrated accounting and administration systems, regular investment and administration reports. Annual member benefit statements, risk benefit administration and reviews as well as online facilities for employers and members also form part of the service portfolio.