The Professional Provident Society (PPS) has launched a boutique wealth management distribution channel exclusively for sophisticated or high net worth graduate professionals, their families and their businesses.
Founded in 1941, PPS is a mutual financial services company in South Africa that focuses exclusively on graduate professionals, providing tailor-made insurance, investment and healthcare solutions to its members.
PPS Wealth Advisory is aimed for clients with ZAR5m (£252,151, $325,542, €291,758) investable assets, of which personal income in excess of ZAR2m a year is required.
The operation will be led by Linda Sherlock, executive head of wealth and business development, who has nearly 25 years’ experience in the sector.
Engagement
Sherlock said: “The immediate focus for PPS Wealth Advisory will be delivering the new wealth proposition and services to members about offshore investments, business assurance of professional practices and retirement planning needs.
“Naturally, we look forward to engaging new members who qualify for PPS membership and fall into the high net worth individual category.”
