Frank Magwegwe

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Certified Financial Planner, Founder & Managing Director of Thrive Financial Wellness


Founder & Managing Director of Thrive Financial Wellness

Frank, a certified financial planner, is also the founder and managing director of Thrive Financial Wellness. He is currently establishing and overseeing operations of the following Group subsidiaries:

  • Frankly Speaking - public speaking, coaching/mentoring and leadership development
  • Frankly Speaking Financial Planning - non-commission, fee-only financial planners
  • Frankly Speaking Financial Coaching - fee-only financial coaches
  • The Financial Wellness Group - providers of independent and 100% unbiased workplace financial wellness solutions
  • Frankly Speaking Entrepreneurship - entrepreneurial mindset development in partnership with USA based The Entrepreneurial Learning Initiative,

Prior to this, Frank was with Momentum from 2010-2016 making his mark in the financial space as Segment Head of Momentum Retail, Executive Director of Momentum Wealth and Chief Executive Officer in Momentum Administration Service .

Prior to joining Momentum, Frank was Head of Institutional Business at Investment Solutions, South Africa’s largest multi-manager. He was responsible for overseeing all the day-to-day activities of the institutional business of the company.

In 2001, after a successful career as a risk manager and derivatives trader, Frank founded Foremost Futures, a member of the South African Futures Exchange. Foremost Futures was Frank’s second stint as an entrepreneur. During 1993, Frank ran a fruit and vegetable business in downtown Johannesburg. Frank closed this business in July 1994 when it became difficult to balance his studies at Wits University and his business.

Frank graduated from Wits University in 1996 with a BSc in Mathematical Sciences and Mathematical Statistics. He went on to earn a first class BSc (Hons) in Advanced Mathematics of Finance from the same institution. In 2002, Frank completed a first class MSc in Financial Mathematics at the University of Pretoria. His dissertation was titled “Modelling Default-Risky Bonds” and he examined the structural and reduced-form models used to value default-risky bonds.

In 2008, Frank qualified as a Chartered Alternative Investment Analyst (CAIA), in 2010 he qualified as a Certified Financial Planner (CFP), in 2011 he completed the Advanced Postgraduate Diploma in Financial Planning with the University of the Free State and in July 2012, he qualified as a Certified Financial Risk Manager (FRM). In October 2013, Frank completed the Advanced Management Program at the Harvard Business School.

Frank believes that there is no skill more crucial to the success of a leader, the leadership of a nation and its prosperity than reading. He believes that successful leaders make reading an indispensable part of improving their personal and professional life. One of Frank's favourite quotes is attributed to Henry S.Trurman: "Not all readers are leaders, but all leaders are readers."

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