South Africans who collaborate with Certified Financial Planner® professionals experience an enhanced quality of life –

GUEST: Nici Macdonald – Head of Department: Certification and Standards at The Financial Planning Institute - SA
South Africans who collaborate with Certified Financial Planner® professionals experience an enhanced quality of life, greater financial confidence and resilience, and increased satisfaction with their financial circumstances, a new survey shows. Launched on World Financial Planning Day (4 October), the FPSB Value of Financial Planning Research 2023 found that South Africans who work with a financial planning professional are better off, and consumers who work with a CFP® professional report the best outcomes.
The study was undertaken by independent research firm MYMAVINS for the Financial Planning Standards Board (FPSB) and the Financial Planning Institute of Southern Africa (FPI).
The South Africans interviewed were among 15 332 respondents who formed part of a global quantitative research study undertaken in February 2023. The respondents were over the age of 25 and earn more than $60 000 or hold more than $35 000 in investable assets or equivalent in other regions. The survey included 1 005 South Africans who earn more than R1 million a year or hold more than R600 000 in investable assets.