PSG Wealth welcomes top Independent Financial Adviser business
19 Jul, 2023

Dan Hugo, Chief Executive of Distribution at PSG Financial Services


The wealth management landscape in South Africa has progressed significantly over the past decade, adapting to meet the need for sound financial planning in an evolving economic climate. Within this context, advisers have played increasingly important roles in providing clients with expert guidance and specialist insight into how to secure a firm financial future. In a bid to enhance its advisory capacity, long-standing industry player, PSG Wealth has announced its acquisition of Independent Financial Adviser (IFA) business, Progressive Wealth.


“We are excited to onboard the team and there will be many similar transactions to follow” says Dan Hugo, Chief Executive of Distribution at PSG Financial Services regarding the Progressive Wealth acquisition. This decision, as he explains, hinges on PSG’s adviser acquisition strategy to “onboard the capabilities of IFA businesses and corporate advisers, bring their unique expertise into the PSG fold and broaden our reach across a wider client base. By partnering with Progressive Wealth, we hope to make significant strides towards taking our advice-led approach to South Africa’s growing complement of private clients, business owners and corporates.”


Progressive Wealth brings with it over 40 years of combined industry experience, with both its directors, Ronel Ferreira and Peter-John Marais being certified financial planners® and members of the internationally recognised Financial Planning Institute (FPI). With the acquisition of Progressive Wealth, both Ferreira and Marais officially opened the PSG Wealth Bryanston office.


A word from PSG Wealth Bryanston’s new Wealth Manager: Ronel Ferreira


Ferreira joined the industry in 1999 as a broker consultant for well-established financial services brand, Liberty Group. In 2002, she joined Progressive Wealth as a wealth adviser and later as one of its directors. Having grown in her role at Progressive Wealth over the course of more than two decades, Ferreira developed several key proficiencies. These include providing bespoke financial planning services and investment services to high-net-worth clients.


Ferreira holds a BCom degree in Economics from the North-West University, Potchefstroom. She also holds an advanced diploma in financial planning from the University of the Free State as well as a BCom Honours degree in Financial Planning from the University of Johannesburg.


Welcoming the new challenges and possibilities that will accompany this next career move, Ferreira remains invested in finding ways to enhance the client experience. “PSG’s use of cutting-edge technology and streamlined systems will provide us with the impetus we need to introduce new, fresh ways of adding true value to our service offering,” she says.


Meet PSG Wealth Bryanston’s new Wealth Manager: Peter-John Marais


Peter-John Marais, who will be working alongside Ferreira in Bryanston has also worked for a list of top-tier financial sector brands including the Liberty Group and Investec Asset Management (both in South Africa and the UK). Marais joined Progressive Wealth in 2007, starting as a financial adviser and later becoming a company director.

His accomplishments include a BCom Honours in Industrial Psychology from the University of Johannesburg. He also holds an advanced diploma in financial planning and investments from the University of the Free State.


A powerful vision underpinned by values


Extending a warm welcome to both Ferreira and Marais, is Chris Liebenberg, Head of Acquisitions for PSG Distribution. As he concludes: “Progressive Wealth has built a solid track record on excellent client service over a period of more than 4 decades. Trust and integrity are the hallmarks of their business philosophy and approach to providing results-driven advisory services. These fundamental principles resonate with the laser-focus we place on building and nurturing long-lasting relations with clients.”






@Dan Hugo
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