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Mr. MICHAEL WESTCOTT Mr. Michael Westcott
Firm Absolut Wealth Management
Suburb Rivonia / Sandton
Address 58 Brooke Ave, Sandton, 2191
FSP License  FSP Licence 1217
Languages English / Afrikaans
(in order of proficiency)
Email
Tel 0114630224 Fax 0866551761
Website www.absolutwm.co.za
Qualifications Certified Financial Planner TM
Post Graduate Diploma in Financial Planning
International Capital Markets Qualification (S.A.I.F.M / I.C.M.Q)
Member of the Financial Planning Institute of South Africa.
SERVICES 
Financial Advisors Fields of Specialisation Investments & Retirement Planning
Services Retirement Planning
Investments
Estate Planning
Life and Disability Assurance
Business Assurance
Offshore Investments
Group Schemes
Other Services Wills / Estate Planning / Tax
LATEST NEWS & VIEWS:
Visit my Blog at http://www.factualfin.com/blog/index.php for up to date news and views.
EXPERIENCE

I hold a Post Graduate Diploma in Financial Planning from the University of the Free State and an International Capital Markets Qualification from the London Securities Institute. I am a practicing Certified Financial Planner and a member of the Financial Planning Institute of South Africa.

I started my career in the Financial Services industry working for a Boutique Stock Broking firm and Asset Management company in 1998. This was then bought out by the Appleton Group and subsequently listed to become a private client Asset Management, Stock broking and Financial Advisory Company. Shortly after the listing I transferred to the Asset Management Division, where I held the position of Investment Manager, responsible for private client funds.

In mid 2002 Appleton was sold to the PSG Group and in early 2003 I joined the Liberty Life Management Academy as an Agency Manager.
 In January 2004 I started my own Financial Planning practice - Absolut Wealth Management. Absolut Wealth Management was founded in the new regulatory environment of the FAIS and FICA Act’s, allowing it to be positioned using best practices and new financial thinking in the industry.


ABOUT FIRM

My value proposition to my clients is to empower them to make wise financial decisions and to understand their vision for their lives and help facilitate the materialization of that Vision.

I do this by playing three key roles:

1.        As a Partner where I need to understand your life journey and your dreams and objectives.

2.        As a Guide where I will use my financial expertise and in-depth knowledge of my clients to develop and individualize a financial life plan.

3.        I act as an educator or financial tutor to explain financial products or concepts in plain English.

 I personally own the investments and products that I recommend or advice my clients to own.

I am an independent Certified Financial Planner meaning that I am not employed or tied to any specific financial institution. This allows me to create solutions that will best meet my client’s needs. Please visit our Website www.abolutwm.co.za

COMPANIES REPRESENTED  Financial Institutions South Africa
Other Companies represented Stanlib Cadiz FSG Asset House HSBC Altrisk
BUSINESS PRACTICES
Minimum Levels of Premium/Investment accepted Lump Sum R500,000
Recurring monthly R5,000
Financial Advisor Fees  Remuneration Fee OR commission
Legal structure of employer Close Corporation (cc)
Number of staff in Financial Advisor organisation 3 - 5
Professional indemnity Insurance  Indemnity insurance Insurance yes
Value R5,000,000
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