AR
Alasdair R
Active since Mar 2026
2
Reviews
0
Industries
Reviews
2 reviews2 months ago
RUN, RUN, RUN
RUN,RUN,RUN !!! I have never been so disappointed in my life!!! A serious case of over promise and under deliver. I invested with efficient wealth just over 5 years ago. In that time my investment grew 11.6% that’s an average of 2.23% per year. In South Africa, inflation has averaged roughly 5% to 6% over the last five years. This means that the investment actually lost value in real terms (purchasing power). After management fees were deducted, my net growth was practically non-existent. I paid for active wealth management, yet the only positive movement in 5 years was due to currency fluctuations—something I could have achieved with a simple offs**** bank account without paying their management fees. The only reason for the growth was the Rand / Dollar exchange rate, certainly not the “Clever” investments by efficient wealth. I queried my lack of investment growth a few times with Christo Van Zyl ,Willem Basson and Dawie Rood. I was given excuse after excuse, from Covid to the Ukraine War, etc,etc I asked to see their personal portfolios to see if they too had stagnated. I was denied each time. While my portfolio failed to beat inflation, the advisors frequently shared details of their own luxury acquisitions, which felt incredibly tone-deaf and dismissive of my concerns as a client. (Willem Basson couldn’t stop himself from telling me all about the Solar power system that he installed at his house. Dawie Rood bought an aeroplane). Efficient wealth is very efficient at making themselves wealthy. From my experience they don’t give a damn about their clients who are paying them to do the best they can for us. I am still waiting for a transparent breakdown of why a 'managed' portfolio performed significantly worse than a basic market index tracker over a 60-month Would I recommend efficient wealth ? HELL NO !!! RUN,RUN,RUN !!!
0 replies
3 months ago
RUN,RUN,RUN
2.23% Average Growth in 5 Years – Efficient Wealth is Only Efficient at Enriching Themselves RUN,RUN,RUN !!! I have never been so disappointed in my life!!! A serious case of over promise and under deliver. I invested with efficient wealth just over 5 years ago. In that time my investment grew 11.6% that’s an average of 2.23% per year. In South Africa, inflation has averaged roughly 5% to 6% over the last five years. This means that the investment actually lost value in real terms (purchasing power). After management fees were deducted, my net growth was practically non-existent. I paid for active wealth management, yet the only positive movement in 5 years was due to currency fluctuations—something I could have achieved with a simple offs**** bank account without paying their management fees. The only reason for the growth was the Rand / Dollar exchange rate, certainly not the “Clever” investments by efficient wealth. I queried my lack of investment growth a few times with Christo Van Zyl ,Willem Basson and Dawie Rood. I was given excuse after excuse, from Covid to the Ukraine War, etc,etc I asked to see their personal portfolios to see if they too had stagnated. I was denied each time. While my portfolio failed to beat inflation, the advisors frequently shared details of their own luxury acquisitions, which felt incredibly tone-deaf and dismissive of my concerns as a client. (Willem Basson couldn’t stop himself from telling me all about the Solar power system that he installed at his house. Dawie Rood bought an aeroplane). Efficient wealth is very efficient at making themselves wealthy. From my experience they don’t give a damn about their clients who are paying them to do the best they can for us. I am still waiting for a transparent breakdown of why a 'managed' portfolio performed significantly worse than a basic market index tracker over a 60-month Would I recommend efficient wealth ? HELL NO !!! RUN,RUN,RUN !!!
0 replies
Review Distribution
5 Star
0 (0%)
4 Star
0 (0%)
3 Star
0 (0%)
2 Star
0 (0%)
1 Star
2 (100%)