CASE STUDY
Alexander
Alexander comes from a family of entrepreneurs and is a second-generation client of GPCS. He is married and expecting his first child. He lives in South Africa and in a home owned by a South African trust that was settled by his parents.
About Alexander
Alexander comes from a family of entrepreneurs and is a second-generation client of GPCS. He is married and expecting his first child. He lives in South Africa and in a home owned by a South African trust that was settled by his parents.
He has an emergency fund, which is sufficient to cover 6 months of income and can be drawn on within 24 hours.
After working for many years in the family´s South African business, and with the support of the family, he is venturing into a new international business.
Goals
- To ensure his growing family are taken care of if something happened to him.
- To accumulate wealth in the most cost-effective long-term solution.
- To build an overseas nest egg for the likelihood of emigrating from South Africa.
Development of a Financial Plan, which…
- Documents his current assets and liabilities.
- Reviews the cover, value and cost of any existing insurance policies and identify and cover any subsequent shortfalls.
- Determine how much Alexander can afford to save and according to what risk and investment profile.
- Identify the most suitable platform, product, and jurisdiction in which to accumulate his wealth.
- Define a medium and long-term goal in terms of building his nest egg.