What is FISA?
The Fiduciary Institute of Southern Africa (FISA) is the only professional body focusing solely on fiduciary practitioners in Southern Africa. FISA is a non-profit organisation that represents fiduciary practitioners and sets high minimum standards for the industry.
FISA members come from trust companies and banks, as well as the legal, accounting and financial planning professions.
FISA members do estate planning, draft wills, administer trusts, deceased estates, and beneficiary funds, supply tax advice and compliance services, and administer client assets.
FISA members collectively manage several hundred billion Rands. They draft several thousand wills each year and administer around 50 percent of deceased estates reported to the Office of the Master of the High Court.
FISA helps to smooth processes for members and the public, through its good working relationship with the Master’s Office and the SARS.