Compliance

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Legal status and contractual relationship

The intermediaries are independent financial advisors and are paid for their services in the form of fees and commissions. They do not hold than 10% of the shares issues by any insurers, or receive more than 30% of their total commission and remuneration from any of the accredited companies used in the previous calender year.

Compliance office

Financial services compliance CC t/a Compliance Consulting

FSB reg No: Co 325

Compliance Officer: Greta Maritz

Telephone number: (011) 486-0729

Fax number: (011) 646-1587

Email address: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Website: www.complinaceconsulting.co.za

Professional indemnity Insurance

Precept Wealth Solutions hold professional indemnity insurance.

Product accreditation details

The intermediaries are authorised and accredited to give advice in all the products as listed in the annexures hereto. Momentum, Old Mutual, Irish Life, Investec, Liberty Life, PPS, Allan Gray, Fraters, Coronation, RMB International, Metropolitan Life, old Mutual International, Orbis Global, RE:CM, Nedgroup and Stanlib.

Please note that you are entitled to receive a copy of the Statuary Notice that sets out your rights as a policy holder from the intermediary.

Conflict of Interest Management Policy

  • The type of and the basis on which a representative will qualify for a financial interest that the provider will offer a representative and motivate how that financial interest complies with the provisions of this COIMP.- Fixed salaries
  • List of financial interests paid by provider to third parties.-None
  • List of financial interests received by provider from third parties.-Fees and Commission
  • List of all associates.-Bespoke Financial Services
  • List of the nature and extent of any ownership interests held by the provider, representatives or associates in third parties.-Allan Gray; Investec
  • List of the nature and extent of any ownership interests held by third parties, representatives and associates in the provider.-None

 

Last Updated on Friday, 04 May 2012 13:16  

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Financial Resolution

FINANCIAL RESOLUTION> maximise your savings


“Most of us have a small nest egg tucked away that we’re not quite sure what to do with,” says Mandy Stratfold, a director of Precept Wealth Solutions. According to Stratfold, many of us end up keeping our savings in a cash account where we earn taxable interest, but we don’t grow our capital.

Her advice is to follow this three-step plan that will allow you to have funds available for emergencies, invest a lump sum that you add to monthly, and invest in your long-term capital growth.

> Keep one month’s salary (or at least enough funds to cover your standard of living for a month) in cash or a money market account — not a fixed deposit — as you want these funds to be liquid if you need them.

> Invest half of the remainder of your nest egg in an appropriate low-risk unit trust These funds can be liquidated at relatively short notice, but make sure you get professional advice as to the best fund for you. You should also invest your monthly savings in this fund.

> Invest the remaining half in a higher risk unit trust You should leave these funds invested for at least five years, and again, make sure you get professional advice as to the most appropriate fund. These funds do carry a capital risk, but they can be liquidated at relatively short notice.

Full article can be found at http://www.shapemag.co.za/health-nutrition/five-life-changing-resolutions/