Disclosure in terms of the Financial Advisory and Intermediary Services Act (FAIS)

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:

  • Philip Botha
  • Yzelle Reynolds
  • Anton Meyer
  • Grant Dixon

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 directors of Capvest Wealth Management (Pty) Ltd are as follows:

  • Philip Botha, representing The Legacy Trust – IT15/2004
  • Anton Meyer
  • Remove

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 understanding of the FPI.

We have three offices:

Philip Botha & Yzelle Reynolds

225 Spoonbill Way, Xanadu, Hartbeespoort, (012) 259 3856

Office Manager:   Santie Botha

Technical Assistant:  

Anton Meyer 

(011) 954 0421

Grant Dixon 

25 Culross Road, Bryanston, (011) 591 0599

 

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 authorised to provide advice and intermediary services in the following categories (Category 1):

 

Category Description

Advice

Intermediary

1.3

Long-Term Insurance subcategory B1

X

X

1.20

Long-term insurance subcategory B2

X

X

1.21

Long-term Insurance subcategory B2-A

X

X

1.22

Long-term Insurance subcategory B1-A

X

X

1.24

Structured Deposits

X

X

1.26

Participatory interest in a hedge fund

X

X

1.4

Long-Term Insurance subcategory C

X

X

1.5

Retail Pension Benefits

X

X

1.7

Pension Funds Benefits

X

X

1.8

Shares

X

X

1.9

Money market instruments

X

X

1.10

Debentures and securitised debt

X

X

1.11

Warrants, certificates and other instruments

X

X

1.12

Bonds

X

X

1.13

Derivative instruments

X

X

1.14

Participatory interests in a collective investment scheme

X

X

1.15

Forex investment

X

X

1.17

Long-term Deposits

X

X

1.18

Short-term Deposits

X

X

A copy of our license is available upon request.

We have written authority and accreditation to market the investment portfolios of the following investment houses:

360ne Asset Management

Franklin Templeton Investment

Old Mutual Private Securities

Allan Gray Asset Management

GinsGlobal

Peregrine Securities

Anchor Capital

Glacier (Sanlam)

Peregrine Treasury Solutions

Ashburton Investments

Investec Asset Management

Prudential Portfolio Managers

Aylett & Co Fund Managers

Investec Corporate Management

Quilter Cheviot Investment Management

Bateleur Capital

Kagiso Asset Management

Regarding Capital Management

Boutique Collective Investments (BCI)

 

Reitway Global

Catalyst Fund Managers

Laurium Capital

RMB Private Bank

Centuar Asset Management

Lloyds Bank

RMB

Contrarius Investment Management

Momentum Wealth

RSA Retail Bonds

CoreShares

Momentum Wealth International

Satrix Index Managers

Coronation Asset Management

Mundane Asset Management

Senqu Capital

Credo Group

Nedgroup Investment Services

Sesfikile Capital

FNB Securities (Odyssey Asset Management

Nedgroup Stock Brokers

Stanlib Asset Management

Fundsmiith LLP

Oakhaven Capital

Sygnia Asset Management

Fairtree Asset Management

Orbis Investment Management

TBI Investment Managers (ORA)

Fidelity Asset Management

Old Mutual International

Visio Capital

Foord Asset Management

Old Mutual Wealth

 

Life Assurance Products with whom we do new business and administration:

  1. Momentum Life (Myriad)
  2. PPS
  3. Old Mutual (Greenlight)
  4. Discovery

Life Assurance Companies for whom we provide administration services, but do not submit new business to:

  1. Sanlam Life
  2. Liberty Life

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 (37% – 2017).

We are remunerated for our services as follows:

  1. An advisory fee is levied as a percentage of the investments under management.
  2. 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.
  3. The fee is charged annually but deducted monthly and can be cancelled by the client at any stage.
  4. We do not take upfront fees or commissions on investments.
  5. We receive commission on life policies.

Indemnity Insurance:

We have Professional Indemnity Insurance with Marsh (Pty) (Ltd) for the amount of R10 million (on each and every claim).

Non-Cash Incentives:

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. See our Policy of Conflict of Interest Disclaimer

Privacy Policy:

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. See our Private Policy Disclaimer

Complaints:

We have a complaints process in place, a copy of which is available upon request. See 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

Disclosure Register:

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.