{"id":190,"date":"2024-02-27T09:01:35","date_gmt":"2024-02-27T07:01:35","guid":{"rendered":"https:\/\/kevinmurray.co.za\/?page_id=190"},"modified":"2026-04-09T10:46:06","modified_gmt":"2026-04-09T08:46:06","slug":"practice-management","status":"publish","type":"page","link":"https:\/\/kevinmurray.co.za\/?page_id=190","title":{"rendered":"Practice Management"},"content":{"rendered":"\n<h4 class=\"wp-block-heading has-text-color has-link-color wp-elements-fb46e865adceac5fc0fa3d54a2b9b20f\" style=\"color:#2c29b3\"><span style=\"text-decoration: underline;\">Professional Indemnity Insurance<\/span><\/h4>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-584fe15f744bad0648e1c938fc1e2f62 wp-block-paragraph\" style=\"color:#2c29b3\">I am covered with Professional Indemnity Insurance through AON Risk Solutions.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-color has-link-color wp-elements-c1bfccaf8e01b52b0c603e4c9e0238b0\" style=\"color:#2c29b3\"><span style=\"text-decoration: underline;\">Compliance<\/span><\/h4>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-ef008c92d2c199dd5d5f9622524c8f7d wp-block-paragraph\" style=\"color:#2c29b3\">Practical Compliance Solutions (Pty) Ltd is my compliance officer.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-color has-link-color wp-elements-5db7762802f40eb58a85868a8c66d52a\" style=\"color:#2c29b3\"><span style=\"text-decoration: underline;\">Succession planning<\/span><\/h4>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-ddae4cf11c687df6eadab759f259c27b wp-block-paragraph\" style=\"color:#2c29b3\">As per legislation, I have a signed agreement in place with another Independent Financial Planner, who is also a Certified Financial Planner\u00ae Licensee, whom I would be happy recommending to you. Together with my office, he will make contact with my clients who would still need to appoint him as their advisor. A client is in no way compelled to remain with this colleague. The structure is there to ensure a client is not left orphaned and has an option.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-color has-link-color wp-elements-d874efd15cb8d23cc7ced24a8a5618b0\" style=\"color:#2c29b3\"><span style=\"text-decoration: underline;\">Specific responsibilities for income-dependent investors<\/span><\/h4>\n\n\n\n<ul style=\"color:#2c29b3\" class=\"wp-block-list has-text-color has-link-color wp-elements-75a66d8cc531d48739559c72949035c7\">\n<li>Reviewing income levels at income anniversaries.<\/li>\n\n\n\n<li>Ensuring that re-investments into the portfolio are taking place and reflected as such.<\/li>\n\n\n\n<li>Monitoring that the investment portfolio&#8217;s unit numbers are changing correctly, irrespective of currency or price values.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading has-text-color has-link-color wp-elements-032bbd7e64b91c02d7599e909fefc04d\" style=\"color:#2c29b3\"><span style=\"text-decoration: underline;\">Fee structures<\/span><\/h4>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-8ecd4508f68f50ca8121ae3628fa48cb wp-block-paragraph\" style=\"color:#2c29b3\">I believe that Financial Planning should be viewed as a professional service rather than a sales-based event. Therefore, my practice incorporates elements of Fee-Based Financial Planning, where various tasks or services may carry a one-time or retainer-based fee.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-text-color has-link-color wp-elements-66505f13e6e78992468f0e15ef5ea187\" style=\"color:#2c29b3\"><span style=\"text-decoration: underline;\">Asset Management Trail Fees<\/span><\/h4>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-f9c0aa5896ea9cdabf39d1a5110c50ff wp-block-paragraph\" style=\"color:#2c29b3\">Asset Management Trail Fees play a significant role in my business&#8217;s service delivery. They cover:<\/p>\n\n\n\n<ul style=\"color:#2c29b3\" class=\"wp-block-list has-text-color has-link-color wp-elements-a847b2cf4e2e05c6817c05e10944875d\">\n<li>Providing you with advice and reports and portfolio reviews through the year.<\/li>\n\n\n\n<li>Asset Management research time.<\/li>\n\n\n\n<li>Monitoring whether the managers I use are adhering to their investment mandates.<\/li>\n\n\n\n<li>Keeping abreast of alternative or more appropriate asset managers.<\/li>\n\n\n\n<li>Conducting basic due diligence and corporate governance processes on the asset managers employed.<\/li>\n\n\n\n<li>Securing and retaining my services to ensure that a client&#8217;s beneficiaries or dependents are taken care of in the future.<\/li>\n\n\n\n<li>Providing other miscellaneous financial planning advice or investment research.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Professional Indemnity Insurance I am covered with Professional Indemnity Insurance through AON Risk Solutions. Compliance Practical Compliance Solutions (Pty) Ltd is my compliance officer. Succession planning As per legislation, I have a signed agreement in place with another Independent Financial Planner, who is also a Certified Financial Planner\u00ae Licensee, whom I would be happy recommending &#8230; <a title=\"Practice Management\" class=\"read-more\" href=\"https:\/\/kevinmurray.co.za\/?page_id=190\" aria-label=\"Read more about Practice Management\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"footnotes":""},"class_list":["post-190","page","type-page","status-publish"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/pages\/190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=190"}],"version-history":[{"count":3,"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/pages\/190\/revisions"}],"predecessor-version":[{"id":264,"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=\/wp\/v2\/pages\/190\/revisions\/264"}],"wp:attachment":[{"href":"https:\/\/kevinmurray.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}