Our wealth management financial planning practice was founded in 1997 and is licensed with the Financial Services Board (License number 5757).

Our mission is to build long term client relationships by providing ethical, independent and transparent financial advice backed up by efficient and reliable service.

Reichtec Private Wealth is an independent financial advisory practice and is not affiliated to any product provider. Client portfolio construction and portfolio reviews follow structured processes. The portfolio review process incorporates regular client feedback, performance assessment and investment strategy revision.

“Prepare for the unexpected through diversification” epitomises our investment philosophy.

Mark Davel
Owner and Financial Advisor 
BSc Chemical Engineering (UCT)
Postgraduate Diploma in Financial Planning (UOFS)
After 11 years at Unilever, Mark joined Reichtec in 2012 and has been running the business since early 2015 when Iven Scharein (the founder of the business) was forced to withdraw due to ill health. Mark strongly believes that the most important quality required from an advisor is integrity – this is the foundation of the trust relationship which must exist when giving advice on products which may be difficult to understand.

Mark used to cycle at a fairly competitive level but is now much more of a cycling “enthusiast” than competitor. He is married to Taryn and the proud father of way too many furry children.
Sunitha Govender
Administrative Assistant
Sunitha has been with Reichtec since June 2009, and is the friendly face of Reichtec (unless of course you are an uncooperative call centre agent in which case you will discover the other side…). Sunitha is responsible for the day to day submission of forms and follow-up with providers and resolves most client queries.

Sunitha is a keen yoga enthusiast and is also an expert in online shopping….


Financial Planning (Wealth Management)
Investment portfolio management (local and offshore)
Retirement planning
Life insurance
Employee benefits

We have strategic partnerships for non-core competences such as:

Wills and Trusts
Income tax returns
PPS benefits
Short term insurance

At Reichtec Private Wealth we believe in a structured approach to advising clients on their investment portfolios. To this end we have a well defined investment process and strategy. This process and strategy has as its overriding principle the mitigation of investment risk through asset allocation and fund manager diversification. In simple terms, we allocate portfolios into the three main asset classes (equity, fixed interest and property) and ensure that the appropriate fund managers are selected to manage these asset classes.

Our fund manager selection process is made via quantitative and qualitative research. We will not switch fund managers based purely on performance because we understand that fund manager performance does not come linearly but rather unpredictably. 

Client portfolio reviews follow a structured service process. This process incorporates annual reviews for client feedback and performance assessment, investment changes in terms of the investment strategy, other investment changes such as fund manager changes as well as ad hoc email communications according to client preference.

The specific product providers that we deal with also send quarterly statements directly to all clients. 

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Contact Us

Email: info@reichtec.co.za

Telephone: (+27) 31 267 1000)

Fax: (+27) 86 553 9777)

Office: 20 Westville Centre, 52 Norfolk Terrace, Westville, KZN, 3629, South Africa 

Postal: PO Box 1017, Wandsbeck, KZN, 3631, South Africa