LETTER OF DISCLOSURE
FAIS Legislation requires that Wealth Managers disclose specific information to clients. This information must be disclosed when a new client is introduced or when any significant changes occur within our Wealth Management business. This document, therefore, highlights the information as required by legislation.
The following Wealth Managers are licensed to provide clients with advice:
- Anton Meyer
- Grant Dixon
- Yzelle Reynolds
The Wealth Managers represent the following company as employees:
- Capvest Wealth Management (Pty) Ltd
- The registered name of the company is Capvest Wealth Management (Pty) Ltd, Registration Number 2009/021475/07
- We are an independent financial advisory business and not aligned with any bank, insurance company or investment house
The director of Capvest Wealth Management (Pty) Ltd is as follows:
- Anton Meyer
The shareholders of Capvest Wealth Management (PTY) Ltd are as follows:
- Anton Meyer
- The Legacy Trust (IT15/2004)
We are experienced Wealth Managers specialising in managing the wealth of high net worth clients. We have more than 40 years’ experience in the high net worth and private banking environment. We are members of the Financial Planning Institute. Visit the website of the FPI to confirm our membership and better your understanding of the FPI.
We have three offices:
03 Lourensford Road – 021 203 5468
14a 5th Street, Parkhurst, 2193 – 082 694 6873
225 Spoonbill Way, Xanadu, Hartbeespoort – 012 2593856
We are an authorised financial services provider, licensed to render financial services by the Financial Services Board under license number FSP 41026. This can be confirmed by visiting the Financial Sector Conduct Authority, FSCA website.
We are providing financial advice and intermediary services in the following areas:
- Financial Planning
- Estate Planning, Wills and Trusts
- Retirement Planning
- Death and Disability Planning
- Investment Planning
WE ARE AUTHORIZED TO PROVIDE ADVICE AND INTERMEDIARY SERVICES IN THE FOLLOWING CATEGORIES (CATEGORY 1):
Long-Term Insurance subcategory B1
Long-term insurance subcategory B2
Long-term Insurance subcategory B2-A
Long-term Insurance subcategory B1-A
Securities and Instruments
Participatory interest in a hedge fund
Long-Term Insurance subcategory C
Retail Pension Benefits
Pension Funds Benefits
Money market instruments
Debentures and securitised debt
Warrants, certificates and other instruments
Participatory interests in a collective investment scheme
CONFIRMATION CLASS OF BUSINESS AS KEY INDIVIDUAL – AS PER FSCA’S RECORDS – (CATEGORY 1):
Short-term and Long-term Deposits
WE HAVE WRITTEN AUTHORITY AND ACCREDITATION TO MARKET THE INVESTMENT PORTFOLIOS OF THE FOLLOWING INVESTMENT HOUSES:
360ne Asset Management
Franklin Templeton Investment
Peregrine Treasury Solutions
Allan Gray Asset Management
Prescient Management Company (RF) (Pty) Ltd
Ninety One Asset Management
Prudential Portfolio Managers
Investec Corporate Management
Quilter Cheviot Investment Management
Aylett & Co Fund Managers
Kagiso Asset Management
Baillie Gifford Asset Management
Rezco Asset Management
RMB Private Bank
Blue Alpha Investment Management
Boutique Collective Investments (BCI)
RSA Retail Bonds
Centaur Asset Management
Momentum Wealth International
Satrix Index Managers
Contrarius Investment Management
Mundane Asset Management
Nedgroup Investment Services
Coronation Asset Management
Nedgroup Stock Brokers
Stanlib Asset Management
Northstar Asset Management
Stonehage Fleming Asset Management
FNB Securities (Odyssey Asset Management
Orbis Investment Management
Sygnia Asset Management
Old Mutual International
TBI Investment Managers (ORA)
Fairtree Asset Management
Old Mutual Wealth
Fidelity Asset Management
Old Mutual Private Securities
Foord Asset Management
WE INVEST IN THE FOLLOWING HEDGE FUNDS:
36ONE SNN Q1 Hedge fund
36ONE SNN Retail Hedge Fund
Senqu Worldwide Flexible Long Short Prescient R1 Hedge Fund
Peregrine Capital Pure Hedge H4 Q1 Hedge Fund
Peregrine Capital High Growth H4 Q1 Hedge Fund
Peregrine Capital High Growth H4 Retail Hedge Fund R1
A copy of our license is available upon request.
Life Assurance Companies / Service Providers with whom we do new business and administration:
- Momentum Life (Myriad)
- Old Mutual (Greenlight)
Life Assurance Companies for whom we provide administration services, but do not submit new business to:
We do not directly hold more than 10% of an insurer or investment house’s shares.
We did receive more than 30% of our remuneration from Momentum (34% – 2018).
We are remunerated for our services as follows:
- An advisory fee is levied as a percentage of the investments under management.
- This fee includes our investment management services in terms of our investment philosophy, financial planning, drafting of wills, financial planning related contracts, establishment of new trusts, trust administration, auditing and amending current trust deeds and professional trustee services.
- The fee is charged annually but deducted monthly and can be cancelled by the client at any stage.
- We do not take upfront fees or commissions on investments.
- We receive commission on life policies.
Please refer to our Remuneration Policy / Policy of Conflict of Interest
We have Professional Indemnity Insurance with Marsh (Pty) (Ltd) for the amount of R10 million (on each and every claim).
We may, from time to time, receive non-cash incentives from product suppliers or indirect consideration from other persons. Our practice protocol is to refuse to accept these incentives. We will provide specific details should you request further information. Refer to our Policy of Conflict of Interest Disclaimer.
We wish to advise that all information obtained from or acquired about a client shall remain confidential unless the client provides written consent, or unless we are required by law to disclose such information. Refer to our Private Policy Disclaimer.
We have a complaints process in place, a copy of which is available upon request. Refer to our Complaints Resolution Process Disclaimer.
We have independent Compliance Officers who review our management of the various acts on a quarterly basis:
- Masthead (Pty) Ltd
- Physical address: Western Wood Office Park, 145 Western Services Road, Jacaranda Building, Ground Floor Right Wing, Woodmead, Johannesburg
- Postal address: PO Box 765, Howard Place, Pinelands, 7450
- Contact number: (011) 6020200
- Email address: [email protected]
- Compliance Officer: Tracey Wright (073) 198 0713
Please note that in accordance with legislation, we keep an updated disclosure register. This register informs you, our client, of all financial and ownership interests that we may have.
This document, available for inspection, ensures transparency in our dealings with clients. We invest in the same products in which we advise clients to invest. The names of the unit trust investments and shares in which we and our immediate families invest are available upon request.