We, Sagen Advisory, are recruiting several Financial Advisors for a rapidly expanding wealth management business with a reputation for excellence. These exciting and lucrative positions are based in their head office in Durbanville, Stellenbosch. They are also in the process of expanding across the country.

The company will allow you to either build your own client base or invest in your current client base. Though new client acquisition will be an integral part of this role, the client will provide clients with service from the start.

The ideal candidate will be a financial/commercially qualified graduate, a junior financial planner, or an experienced financial planner who is seeking to join a customer focussed expanding business. The ideal candidate will also be someone who wants to build a career in the wealth management environment, who is customer focussed, service-orientated, and sales are driven.

Minimum Requirements

• Bachelor's degree in Commerce or Law, or any other related field OR Wealth Management NQF5
• RE5 passed
• 4+ years of industry experience (actively practicing as a financial advisor “in the field”)
• 27+ years of age
• Valid Driver’s License
• Own Reliable Transport

Qualifying documents to submit

• CV / Resume
• 6 to 12-month commission statements
  • Can send the pre-Covid statement as well, if available (this is to expire with entry to 1 March 2024)
• Indicate an average production track record of
  • Average of 40, 000 production points per month over a 12-month period
  • 5 to 10 products sold a month
  • Above 80% Retention ratio

Remuneration

• R 0 Base Salary = 100% commission
• Vesting Bonuses: earn up to 3x policy premium value on top of the commission
• R 24, 000.00 Training support over 2-3 months (R 8, 000.00 per month x 3 months)
• R 16, 00 interest-free Technology loan (for Laptop/tablet/phone), repayable over 24 months
• 30% Recurring Passive Income on Short-Term referrals (Personal and Commercial Lines)
• 30% Recurring Passive Income on Medical Aid & Gap Cover referrals
• 30% Recurring Passive Income on Employee Benefit Referrals
• 50% Recurring ‘Passive Income’ on all Independent Referrals (any Business signed under SFG IB)
• 30% per submission fee on Referrals to Lucrum for Tax Submissions, valued @ 30% x R700 = R210

Work experience Incentive

• Can apply to become a cluster manager if you bring a team of 5 with you
  • Cluster Managers earn 5% additional comm of their team’s production
• Opportunity for management experience, subject to an approved action plan
• Full Support Structure: Admin, Paraplanner, Office + Boardroom, 1-link access to Specialists
• Hands-on practical-in-field-training with
  • CEO / Senior- / Executive- / Certified Financial Planner (CFP) per Entity
  • Specialists in every holistic field (Investments, corporate structures, employee benefits, medical aid, short-term, Risk, Savings, Wills, Estate Planning, Tax calculations)
• Qualify for bi-annual company retreats and monthly social events
  • Monthly events subject to the outperformance of the target