Meet your CPD requirements effortlessly with our quick Express CPD activities before the cycle ends on 31 May 2024. Learn more.

Media Articles

Your business is an asset – learn how to invest in it at the Cape Town Masthead MasterClass

Posted on 8 Sep 2023

Financial service providers (FSPs) who attend this event will gain deeper knowledge on how they can build value in their businesses, address risk areas and enhance their income to ensure that their business remains future fit.

On 13 September, at the Cape Town Masthead MasterClass titled Your Business is an Asset that You Need to Protect, expert speakers from diverse spheres within the financial services industry will share insights on how FSPs can transform their businesses into valuable assets.

Andria Hibbert, Masthead’s Western Cape Regional Manager and Head of Corporate Accounts, sheds light on the driving force behind this MasterClass event: “We’ve found that a significant portion of FSPs in our region, as well as nationally, has experienced a decline in their business activities. This can be attributed to the prevailing economic conditions,” says Andria, an industry veteran of almost 20 years who has held various regional managerial positions in Masthead. Andria and her team have noted this business slowdown among FSPs in various domains, from generalist to those who focus on investments, risk or short-term products.

However, there are exceptions, she adds. “FSPs that have embraced the Masthead practice management philosophy are still thriving. It’s for this reason that the event’s central theme revolves around seeing your business as an asset, as it has proven to be a pivotal factor in the success of these thriving FSPs.”

Andria further adds: “Many FSPs may not yet recognise the potential value of their businesses, which they can later sell upon retirement or leave to their beneficiaries. This event will offer valuable insights to business owners on how to enhance their business’s worth, emphasising its importance in the context of succession planning.”

Meet the speakers

The first half of the event will centre on business development. Andria will kick off proceedings with her welcoming address, followed by Masthead Managing Director Joleen John, who will provide valuable insights on staying current in today’s economic landscape.

Next, Senior Practice Management Consultant at Masthead Cedric Baker Effendi will deliver a talk titled Making Money from Your Business: Valuations and Succession. Cedric will share strategies for increasing your business’s profitability through effective valuations and succession planning. Attendees will gain practical knowledge on assessing their business’s value, implementing essential practice management principles and charting a path for future success.

Johann Els, Group Economist at Old Mutual, will illuminate international markets and the global economy. FSPs will glean valuable insights into identifying promising investment opportunities despite market volatility, and how to leverage this knowledge to propel their businesses forward.

The latter part of the event will place a spotlight on compliance and regulatory matters. Over six months have passed since South Africa found itself on the Financial Action Task Force (FATF) greylist. To shed light on the nation’s current status in the anti-money laundering (AML) and counter-financing of terrorism (CFT) community following the FATF’s mutual evaluation feedback, Ashleigh Mooij, Manager of the Guidance and Prevention Division at the Financial Intelligence Centre (FIC), will provide a comprehensive update.

Michele Fourie, a Senior Specialist in the FICA Supervision Department at the Financial Sector Conduct Authority (FSCA), will also take to the stage. Earlier in the year, Michele warned attendees at our Pretoria MasterClass of intensified FIC audits by the FSCA, a warning that has since become a reality. At the Cape Town MasterClass, her presentation is titled Ten Practical Steps to Expect from an FSCA FIC Inspection, and What to Expect if Things Go Wrong. Her talk will equip attendees with a better understanding of audit expectations and the repercussions of non-compliance.

To wrap up the day, Anri Dippenaar, Head of Compliance at Masthead, will delve into FAIS/FICA Audits: Risks You Need to be Aware of and explore the intricacies of cryptocurrency licence applications. Her discussion will provide insight into the evolving regulatory landscape and offer guidance on what FSPs should anticipate when considering the incorporation of cryptocurrency into their services.

Invest and protect your FSP’s value

The Cape Town MasterClass’ primary goal is to equip attendees with the knowledge that their businesses hold intrinsic value. As Andria succinctly puts it: “By adhering to the right processes and procedures, FSPs have the power to significantly elevate the worth of their businesses.”

This event promises to be an invaluable learning experience for FSPs. With a comprehensive focus on practice management, business valuation, succession planning, global market insights and regulatory compliance, attendees will be equipped with the essential tools and knowledge required to not only survive but thrive in the ever-evolving financial landscape.

Don’t miss this opportunity to unlock the full potential of your FSP. Join us at the Cape Town MasterClass on 13 September and embark on a journey to greater success and profitability in the financial services industry.

Event details

If you would like to attend this event, click here to register. Alternatively, contact the Cape Town Regional Office here. Seats are limited.

Venue: University of Stellenbosch Business School (Bellville Park Campus)
Date: Wednesday, 13 September 2023
Time: 09:00 am – 12:45 pm (registration opens at 08:30 am)
CPD hours: 3
Cost for admission: Free
Cost for non-members: Free
CPD category: Technical Knowledge

MASTHEAD IS

A national supplier of risk management services to independent financial advisors and other licensed financial service providers (FSPs). Established in 2004, we help our clients overcome their risk management challenges so they can grow and thrive in an increasingly regulated industry. Providing professional guidance and practical support, our team of specialists is passionately committed to delivering tangible solutions.

Why Masthead?

CONTACT US

Phone:

021 686 3588

E-mail:

  Show Email

B-BBEE CERTIFICATE

Masthead is a level 1 B-BBEE contributor.

Read more and view certificate