Sasfin Acquires PIB Financial Services
Sasfin is pleased to announce the expansion of its personal wealth management offering through the recent acquisition of PIB Financial Services (Pty) Ltd (PIB), a well-established financial and investment planning consultancy.
PIB, a business owned and managed by Gavin Came, is now wholly owned by Sasfin Investment and Asset Managers (Pty) Ltd (SIAM), which also houses Sasfinâ€™s healthcare consulting, employee benefits administration and short-term insurance broking interests. Came, formerly a senior executive of the Liberty Group, now serves as Chief Executive Officer of SIAM.
â€œMany people view wealth creation as luck and good timing,â€ Says Came, â€œin fact it is neither of these. It is a mixture of diligent implementation of a seriously considered plan coupled with patience, allowing the marvel of compound interest to work its magicâ€.
â€œPIB has always prided itself on its personal service and putting people before products. This approach has served us well over three decadesâ€ continues Came. â€œIt is precisely because of this credo, that we expect a seamless integration with SIAM as well as into the broader Sasfin group.â€
PIB Financial Services was founded in 1978 and has since become one of the leading financial planning practices in Pretoria. PIB developed its business by providing consultancy services in wealth management, personal risk management, retirement and employee benefits. The acquisition offers good synergistic value to Sasfinâ€™s Personal Wealth division.
Sasfin is well placed to be the preferred specialist banking and financial services provider in its chosen markets - entrepreneurial corporate, commercial and private clients seeking wealth creation, enhancement and preservation.
Tish Stewart PR Ass.
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Tactical Asset Allocation (TAA):
| Portfolio strategy that allows active departures from the normal asset mix according to specified objective measures of value. Often called active management. It involves forecasting asset returns, volatilities, and correlations. The forecasted variables may be functions of fundamental variables, economic variables, or even technical variables.|
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