Additional information

Overview:

During the mid 1990’s Sanlam employed various groups of professional financial advisers throughout the country. It was convention at the time to name such professional groups with the words “Financial Advisory Services” followed by a location description. This was abbreviated to, for instance, FA Pretoria or FA Stellenbosch. Not surprising then that
the group of financial advisers stationed at the Orange Free State head office of Sanlam were called FA Loch Logan, after the small fresh water lake in the beautiful city of Bloemfontein. They became well known by their abbreviated name, FAL, throughout the Karoo and Orange Free State

Around the turn of the current century all the large life insurers were under considerable pressure to make such groups of financial advisers independent. When FAL became independent, they opted to register the name FAL because it was a recognised and known brand in a predominantly Afrikaans speaking environment. In the ensuing years a FAL group of companies were incorporated to make a full range of financial and other services available to clients. The range of services and companies can be seen on our website, fal.co.za.

   FAL Regs Dienste – a properly registered firm of attorneys

   FAL Finansiele Dienste – this is a properly registered audit firm

   FAL Eiendomme – a property development company

   FAL Makelaars – this is a firm of brokers or financial advisers properly licenses by the FSB

   FAL Agri – a firm of agricultural advisers

   FAL Invest – an authorised discretionary investment manager properly licenses by the FSB to render both Category I and II financial services.

In the year 2000 Charles Snyman started managing all the assets of the clients of FAL Invest and became a director in 2002. In this capacity he applied for a category II licence for FAL Invest in 2004. In the same year FSP Licence 6101 was authorised by the Financial Services Board.

Charles resigned as director of FAL Invest in late 2004 on insistence of the Efficient Group of which he was a founding shareholder and director at the time. Charles remained the key person on FAL Invest’s FSP licence number 6101 and also managed all their client’s assets throughout the period.

At the present time FAL Invest specialises in wealth and investment management for individuals and pension and provident funds. We use various platforms for the management of typical wrap funds and segregated investment accounts.

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