FOSTER WEALTH: COMPANY PROFILE
About Foster Wealth
Foster Wealth is a well-established, independent financial planning practice based in the Western Cape. We are proud to have been awarded the FPI Approved Professional Practice™ accreditation, recognising our commitment to the highest standards of professionalism, ethics, governance, and client care.
Our clients value long-term relationships built on personalised advice, objective guidance, and ongoing support throughout their financial journey.
Certified Financial Planner® Professionals
· Thomas Foster, CFP®
· Chris Pecego, CFP®
Administration Team
· Alydia August
· Tania De La Cruz
Our entire team is committed to continuous learning and professional development. Through regular training and industry education, we ensure our knowledge remains current and that we consistently meet the standards set by the Financial Planning Institute of Southern Africa (FPI) and the Financial Sector Conduct Authority (FSCA).
Our Vision
To be the employer of choice for Certified Financial Planner® professionals while empowering our clients to feel confident, financially secure, and clear about the path ahead.
Our Mission
To deliver highly personalised, comprehensive financial planning with exceptional service, technical excellence, and an unwavering commitment to our values.
Our Values
· Integrity
· Honesty
· Professionalism
· Independence
IDEAL CLIENT
Our ideal clients are individuals and families who value trusted guidance and want a long-term professional relationship with their financial planner. We partner with people who:
- Appreciate personalised, holistic financial advice
- Prefer working with a stable, reliable, and ethical financial practice
- Want to grow, protect, and preserve their wealth
- Seek clarity and structure around their personal or business finances
- Value proactive communication and an ongoing relationship
We also work closely with business owners, trustees, and professionals who understand the importance of aligning financial planning with broader life goals and responsibilities.
FINANCIAL PLANNING PHILOSOPHY
We believe financial planning is about far more than managing investments—it’s about helping people make informed decisions that create financial security, freedom, and peace of mind.
Our philosophy is built on the belief that every financial decision should support a client’s broader life goals. Rather than focusing on products or short-term market movements, we take a comprehensive, evidence-based approach that considers the big picture.
As an independent financial planning practice, our advice is objective, transparent, and always aligned with our clients’ best interests. We believe that long-term success is achieved through disciplined planning, ongoing education, and enduring relationships built on trust, professionalism, and accountability.
Our role is not simply to provide financial advice, but to serve as trusted thinking partners—helping our clients navigate life’s opportunities and challenges with confidence and clarity.
Our Guiding Principles
· Long-term thinking
· Clients first
· Trusted thinking partners
· Delivering exceptional value
SERVICES
We specialise in comprehensive financial planning, providing ongoing advice and support rather than one-off transactions. Our approach considers every aspect of your financial wellbeing and is centred around five key planning areas.
Retirement Planning
We help you build and maintain financial independence throughout retirement by ensuring your retirement income is sustainable, tax-efficient, and aligned with your lifestyle goals. For clients already retired, we regularly review income drawdown strategies to ensure they remain appropriate over time.
Investment Planning
We recommend suitable investment solutions—including retirement annuities, tax-free investments, unit trusts, and offshore investments—to help you achieve your long-term financial objectives while managing investment risk appropriately.
Tax Planning
We work alongside your accountant or tax practitioner to ensure your tax affairs are well managed. Our advice focuses on improving tax efficiency, calculating tax implications, and identifying opportunities to optimise your overall financial position.
Risk Planning
Protecting what matters most is essential. We assess your need for life, disability, severe illness, and income protection cover to ensure your family and financial goals remain protected. Where appropriate, we also identify opportunities to reduce unnecessary insurance costs and redirect those savings towards investments.
Estate Planning
We help structure your estate so that your assets are transferred to your loved ones as efficiently as possible. This includes estate planning strategies designed to simplify administration, reduce unnecessary costs where appropriate, and provide peace of mind for your family.
OUR FEE STRUCTURE
Our advice fees are based on the value of assets under management and are designed to reflect the level of ongoing service and advice we provide.
Assets Under Management Annual Advice Fee
Up to R5 million 1.00%
R5 million – R10 million 0.80% – 1.00%
R10 million – R15 million 0.70%
Above R15 million 0.50% – 0.70%
Fees may vary depending on the complexity of each client’s financial affairs and the scope of advice provided. Full fee disclosure is provided before any advice is implemented.
Consulting Fees
We offer consulting services at a rate of R2,000 per hour, exclusive of VAT. This is suitable for clients who require assistance for a once-off event such as:
· Capital Gains Tax calculation on the sale of an Asset
· Accrual calculations for Divorcees.
· Cancellation of a Policy
· Retrieving Policy information and Product explanations.
· Retirement Lump Sum tax calculations.