Standard Bank emerges as the Top Private Bank & Wealth Manager of the Year.
Last year’s overall winner, Sanlam Private Wealth, put in another strong performance to secure second place, holding off a surging Nedbank Private Wealth, which displaces PSG Wealth from third place.
But the eye-opening move comes from one of the smaller players, Brenthurst Wealth Management, which wins the Top Wealth Management Boutique award and secures fifth place in the overall rankings, ahead of some of the bigger, muscular players in the market.
Verso Wealth, in its debut year of participation in our survey, wins the People’s Choice award as Top Wealth Manager. In the private banks category, Investec Private Bank wins the People’s Choice award for the fifth time – a truly remarkable achievement. It is clearly a cut above the rest when it comes to its ability to satisfy clients.
Verso Wealth is a new company to the survey but was formed in 2015 through a merger with Galileo Capital Grow, a unit of Galileo Capital which won this same award last year. Clearly, Verso is maintaining the high standards of customer service.
This year almost 6,000 clients participated in the online survey – a massive increase on last year when 2,732 clients participated. The high number of participants entrenches the credibility of the survey findings.
The top three firms overall, Standard, Sanlam and Nedbank, between them hoovered up all the archetype awards, awarded to firms that best cater to a specific income segment.