Northwood Financial Services cc is an Authorised Financial Services Provider | Reg No: 13296

About Northwood Financial

Northwood Financial Services (NFS) is a Closed Cooperation, registered through CIPRO in 1990. It is also registered as an Authorized Financial Services Provider with FSCA. (Registration number: 13296)

Leading the team is Nico Kleynhans. He is supported by 7 full-time and 3 part-time staff members. These staff members live throughout the world.

Nico Kleynhans

Nico Kleynhans has been active in the financial services industry since 1987. In 1990, he started Northwood Financial Services cc. Committed to transparency and known for his approach of putting the client first, Nico has made it his goal to provide quality financial advice to his client base.

Nico values the importance of diversity and employment for all South Africans. He is fundamentally committed to improving the treatment of clients by the financial sector. He values the importance of relevant education and believes everyone should have the opportunity to shape their own financial future.

Listen to Nico's Podcasts

NFS became concerned at some of the trends observed in the financial services sector:

  • Some brokers chase commissions at the expense of clients – this often leads to overselling.
  • The high turnover of staff at commission-based companies has led to lack of continuity for clients and pressure from replacement agents to abandon existing policies in favour of new products, often at a higher premium. The need of agents to generate commission often overrides the needs of the clients.
  • The complex relationships customers and clients have with money, much of which is based in messages they received from others. These relationships have led to stress and unhelpful patterns of interaction with financial matters. Another policy is not the whole answer – advice on wise investments and financial literacy is.
  • The unique challenges many individuals from previously disadvantaged communities face that may cause barriers to financial planning and wealth creation.

In answer to this, NFS has redirected its services towards an advisory, rather than commission-based model:

  • NFS customizes its service offering according to the needs of the client, not the products it intends to sell.
  • Clients will know upfront what services cost and services are guaranteed for the length of the contract.
  • Should a change in, or additional policies (risk cover) be required, NFS will wave 70% of the commission that other brokers would routinely charge. Even if your relationship with us ends, you will continue to receive this discount from the insurance company.

With more than 30 years of putting clients first, you know that you are in good hands.

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Member: NW Kleynhans (CFP®, Dip Fin M) Reg No. 1990/034119/23 VAT No. 4630148270