South Africa’s top wealth manager named

PSG Wealth was named South Africa’s Top Wealth Manager for the sixth consecutive year, cementing its reputation of providing top-class services.

PSG is a leading financial services group listed on the Johannesburg (JSE), Namibian (NSX) and Mauritius (SEM) stock exchanges.

It has adviser offices in South Africa and Namibia and offers a value-orientated approach to clients’ financial needs, from asset and wealth management to insurance.

PSG Wealth, a division of PSG, provides a comprehensive wealth management offering, designed to meet the needs of individuals, families and businesses.

PSG Wealth’s 2024 Top Wealth Manager of the Year award formed part of Krutham’s Top Private Banks and Wealth Managers Awards.

The firm also placed first in the young professional, successful entrepreneur, wealthy executive, lump-sum investor, and retiree categories.

Krutham is a leading think tank and consulting firm which researches financial and capital markets in South Africa.

The 2024 Krutham survey saw participation from 12,317 clients of wealth managers and private banks nationwide.

The Top Wealth Manager award is based on the judges’ assessments of responses to the firm questionnaire and clients’ ratings from the survey.

Edward Gibbens, chief executive of PSG Distribution, said the awards paid testament to their dedication to meeting clients’ needs.

“It is a team effort, with thanks to the advisers, office support staff and support divisions who embody the PSG values daily and deliver outstanding service to clients,” he said.

Gibbens said PSG Wealth’s success is underpinned by constant innovation and quality adviser-client relationships.

“We continually evolve our financial advisory process to deliver personalised yet consistent advice to every client,” he said.

Gibbens also noted that PSG Wealth will continue to set the benchmark for best-in-class service and outcomes for their clients.

The table below provides an overview of PSG Wealth’s performance over the last three years.

CategoryPSG Wealth’s Ranking 2022PSG Wealth’s Ranking 2023PSG Wealth’s Ranking 2024
Top Wealth Manager: Large Institution111
Young Professional archetype121
Successful Entrepreneur archetype231
Wealthy Executive archetype211
Lump-sum investor archetype111
Retiree archetype111