PAM Award win for our wealth planning approach

Nedbank Private Wealth takes home the award for Total Wealth Planning for the high net worth client category at the PAM Awards 2022, widely seen as the Oscars of the wealth management industry.

Nedbank Private Wealth

Published 27 May

1 mins

We are pleased to announce that Nedbank Private Wealth has won the 2022 PAM Award for Total Wealth Planning for the high net worth client category. The award is given to the organisation that has provided the best advice and solutions to high net worth clients to enable them to preserve and enhance their total wealth.

This win follows our shortlisting for the same award in 2021 and was based on 12 months of consistent expansion of our wealth planning services – to include more clients and more support. For example, for clients about to retire or who were going through a divorce.

Our approach is that our advice to clients is led by wealth planning. Following receipt of a cashflow plan, clients are then able to invest via our discretionary investment management service through risk-weighted portfolios that will deliver the returns they need based on their identified wealth goals. Clients are also introduced to appropriate services from our wider banking and lending offerings.

Advice could be internally or externally provided, based on the clients’ needs and the type of advice required (for example, for final salary or defined benefit pensions).

By working closely with our clients to ensure they have a clear wealth purpose, they can make more informed and, ultimately, better financial decisions. This has resulted in more of our clients taking up and following a long-term wealth plan.

Chief executive Stuart Cummins said: “I am delighted we won the PAM Total Wealth Planning HNW Award and were a finalist for the Client Service Quality HNW Award. They provide a point of pride for our entire team. However, it’s the recognition from across the private client industry that brings me the most personal satisfaction – after all, these are the awards to win.

“On becoming CEO in 2018, we were a boutique private bank with a reputation as a best kept industry secret. Now, we are a holistic wealth manager that regularly receives referrals from the full spectrum of professional advisers, including firms winning ePrivateClient awards, who want their clients to benefit from an industry-leading, progressive approach.”

The PAM awards are acknowledged by the industry as having the most rigorous judging process, with nominees subject to intense scrutiny and required to complete detailed submissions. Investment performance is also reviewed to ensure that clients are able to meet their wealth goals through the firm’s support.

Head of wealth planning Simon Prescott and Anna Slater, paraplanner, accepted the award on behalf of the team at the Royal Lancaster Hotel in London in May.

This latest accolade follows closely the Best Private Bank award presented at the 2022 City of London Wealth Management Awards (COLWMA) for the eighth year running. The business was also named Best Boutique Private Bank in the Middle East and North Africa region by the industry publication WealthBriefing in November last year.

Simon Prescott and Anna Slater collected the award on the night.

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PAM Award win for our wealth planning approach

Access more of our company news

The 18th issue of our client magazine is out now

Named best boutique private bank for a fourth year running in Middle East honours

Investment seminar

July 2022 COVID-19 business update

Get in touch

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