Practice Management

Adapting to COFI is like playing a round of golf – success lies in knowing the course, planning each move, and refining your approach as the game evolves. For financial advisers, this means embedding client-centric compliance into every part of the business and partnering with the right network to navigate the regulatory fairways with confidence.

The shift from FAIS to COFI marks a fundamental change in South Africa’s financial regulatory environment. For financial advisers, this means embracing deeper client-centricity, enhanced accountability, and the need for integrated compliance strategies to remain competitive and future-ready.

Selling a financial practice is much like selling a home—it requires careful planning to maximise its value and ensure a smooth transition. By preparing early and leveraging expert support, advisers can secure their financial future while protecting their legacy and the relationships they’ve built over years of dedication.

A thoughtful succession plan safeguards your legacy, secures your clients' wellbeing, and ensures a smooth transition when the time comes. What are the common pitfalls advisers face when putting together a strategic succession plan in place to ensure the sustainability of their practice and the wellbeing of their clients?