Letter of Introduction & Disclosures
In complying with the FAIS legislation, I would like to bring the following information to your attention:
I am an authorised financial services provider, which accepts responsibility for my activities and is licensed to render financial services.
I am authorised to provide advice and intermediary services in the following categories:
Category 1
- Long-Term Insurance: Category A
- Long-Term Insurance: Category B
- Long-Term Insurance: Category C
- Retail Pension Benefits
- Pension Fund Benefits (excluding Retail Pension Benefits)
- Securities and Instruments: Money Market Instruments
- Participatory Interests in Collective Investment Schemes
- Deposits as defined in the Banks Act - exceeding 12 months
- Deposits as defined in the Banks Act - 12 months or less
- Short term insurance: Personal lines
- Short term insurance: Commercial lines
- Medical aid: Category 1.16
A copy of the licence is available for inspection on request.
My brokerage has written authority to market the products of the following product suppliers and I am accredited to market their products: Momentum, Discovery Life, PPS, Sanlam
I do not hold more than 10% of the shares issued by any product supplier.
I am remunerated for my services by being paid commission and fees from the product supplier.
I do hold professional indemnity insurance.
Compliance with the FAIS Act is monitored by Masthead Distribution Services (Pty) Ltd, a compliance practice approved by the Financial Services Board. Their postal address is PO Box 856, Howard Place, 7450. Their contact numbers are 021 686 3588(t) and 021 686 3589(f)
I am a member of the Masthead Financial Advisors Association, which provides me with services such as a compliance, practice management and technology support. This support helps me to provide you with a more professional service. The compliance service enables my practice to be compliant with FAIS legislative requirements. Through the practice management support I am able to run a more professional business and therefore able to provide you with an improved service and enhanced support.
I may from time to time receive non-cash incentives from product suppliers or indirect consideration from other persons. A register with details of such non-cash incentives or indirect consideration as well as my Conflict of Interest Policy is available on request.
I wish to advise that all information obtained or acquired about you shall remain confidential unless you provide written consent, or unless I am required by any law to disclose such information.
In the event that you are dissatisfied with any aspect of my service, you should address your complaint in writing to me at the above address. A copy of my Complaints Resolution Policy is available on request.