SOUTH AFRICAN INDEPENDENT
FINANCIAL ADVISORS ASSOCIATION
The South African Independent Financial Advisors Association (SAIFAA) is a “non-profit company” that will pursue the following two broad objectives on behalf of its Independent Financial Advisor members:
- To promote the value of “independent advice” in a modern financial services market and the critical role of independent advisors in delivering this advice.
- To be recognised as the “voice of the independent advisor community” with a mandate to represent this community with the regulator and the media.
Our mission is to be the voice of the Independent Advisor in South Africa particularly relating to regulatory, media and product issues. We will help develop a sustainable independent advice industry that is relevant to the divergent needs of investors in our country and will strive to ensure that our members act in a professional manner at all times, with due care for the interests of the investing public.
To fulfil its intended mandate SAIFAA has to be funded by its membership, and “not by product providers or other industry bodies”. SAIFAA will however invite Product Provider Presentations to contribute towards Conferences, Forums and Workshops at a reasonable fee!
Membership fees will be put towards achieving the objectives of the association, and the infrastructure/overhead costs of the association “will be kept” to a minimum. The intention of our Exco is to continually brainstorm how best to keep the overheads to a minimum whilst still having access to specialist skills to fulfil the associations mandate (e.g. specialist legal skills to comment of proposed regulatory amendments affecting SAIFAA Members).
The Voice of the Independent Financial Advisor with the Public, the Industry, the Regulators and the Media!