Model Portfolios. How to set up, invest and transact

Transcription

1 Model Portfolios How to set up, invest and transact

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3 This document provides you with information on how to set up a Model Portfolio, invest in a Model Portfolio and also how to transact on the Portfolio once invested. A Model Portfolio consists of a number of underlying funds wrapped into a single structure. Model Portfolios are not separate legal structures; they are controlled by the same legislation as that of Linked Investment Service Providers (LISPs), namely the Stock Exchange Control Act and the Financial Market Control Act. The underlying funds are, as always, controlled and legislated by relevant regulations, e.g. the Collective Investment Schemes Control Act. Financial advisers with a Category II Financial Service licence can establish and manage a Model Portfolio. Category I financial advisers can partner with a Category II financial adviser (also call Model Portfolio Manager) to establish and create a Model Portfolio for them. With a Model Portfolio you can manage your clients investments at the click of a button you do not have to get your clients consent every time you rebalance the portfolio. Your clients therefore have peace of mind that their portfolio is being actively managed. Model Portfolios are available in all our Linked Investment product wrappers: Classic Investment Plan, Classic Retirement Annuity Fund, the Classic Preservation Pension Plan, the Classic Preservation Provident Plan and the Classic Linked Life Annuity. 3

4 Model Portfolio fund selection processes STANLIB loads it on STANLIB Online Complete New Business Manual Form (Available on Fax to STANLIB with Mandate Form Welcome Pack is issued Complete Investment Proposal on STANLIB Online Complete New Business via STANLIB Online Download quote: print/ to client Switch OR Load onto STANLIB ONLINE Please contact us for assistance with this OR Complete Prepopulated Form on STANLIB Online Print Prepopulated Form - client signs Fax to STANLIB STANLIB loads it on STANLIB Online Complete Manual Form (Available on Fax to STANLIB STANLIB loads it on STANLIB Online Complete Prepopulated Form on STANLIB Online Print Prepopulated Form - client signs Fax to STANLIB STANLIB loads it on STANLIB Online OR Additional Investments Complete Manual Form (Available on Fax to STANLIB STANLIB sends notification Setup of a Model Portfolio/s if a Category I FSP STANLIB loads it on STANLIB Online A Category I FSP appoints a Category II FSP If the Category II FSP is not already an approved Model Portfolio Manager on the STANLIB Linked Investment platform, STANLIB will perform a due diligence Once approved and all criteria have been met, the Category II FSP formulates the Model Portfolios with the Category I FSP and communicates this to his STANLIB Linked Investments Relationship Manager The Relationship Manager facilitates the Model Portfolio load on STANLIB Online STANLIB Online will request confirmation from the Category II FSP The Category II FSP confirms the setup on STANLIB Online Once confirmed, you can select the Model Portfolio/s as part of your proposal process or investment process Loading a new business proposal which includes a Model Portfolio Log on to STANLIB Online Select Investment Proposal in the Tools & Calculators section Select the Linked Investment product your client wants to invest in, e.g. Classic Investment Plan Enter you client s details Enter the plan details, i.e. lump sum or recurring investment, and your charges Click Calculate to view the investment amount after charges Click Next to move on to the next screen where you have to make the Model Portfolio selection 4

5 Click the Model Portfolios tab Click on the Model Portfolio name to bring up the Model Portfolio composition 5

6 Click to add to selection Model Portfolio brought into portfolio 6

7 The Lump Sum Reg 28 tab shows the Reg 28 of the combined portfolio on the screen (only applicable to RA, PE and PP) The Lump Sum Asset Allocation shows the asset composition of the combined portfolio 7

8 The Lump Sum Risk Profile shows the Risk Profile of the combined portfolio You can nominate a Model Portfolio and /or fund for fee deduction Nominate a Model Portfolio and/or fund Nominate a fund within a Model Portfolio for fee deduction Nominate a fund from a Model Portfolio Note: The above is also available for Regular Income in the case of a Classic Investment Plan and Classic Linked Life Annuity. 8

9 Optional additional information which you can add to the Investment Proposal If you have ticked this, please complete next page 9

10 Final Investment Proposal Summary Portfolio Composition from selected Model Portfolios Composition from selected Model Portfolios and/or funds The Investment Proposal number is generated as a reference number Investment Proposal number 10

11 Example of an Investment Proposal Allocation of net investment amount Fund Allocation Asset Allocation Data supplied by Morningstar. Data supplied by Morningstar. Please refer to important Asset Allocation notes Model Portfolios Linked Range CPI +7% Solution Fund Name Percentage Fund Charge Coronation Balanced Plus Fund B % 0.85 % Foord Balanced Fund B % 0.60 % Prudential Balanced Fund B % 0.60 % Total: % 0.68 % 11

12 Generate a New Business Application Form from an Investment Proposal Online Application Enter the STANLIB ID Click Search Your details are prepopulated. Click Based on Quote Number to proceed with the quote you have generated. 12

13 Your client s details are prepopulated Your client s details are prepopulated as per the details that you captured in the Investment Proposal. Check that all details are correct and if changes need to be made. 13

14 In the Address Details section, complete your client s address details. This was not an available option in the Investment Proposal section. The Plan Details section will populate the details you captured in the Investment Proposal. You are able to make changes at this point if there are any. 14

15 You can search by Fund Name Tick and click Search to search for Model Portfolios to add to the current portfolio Portfolio: this will poulate information from the Investment Proposal Click on the Model Portfolio name to view details 15

16 Fees charged and selected by the you Look-through asset allocation Note: A Reg 28 tab will appear if this is a Retirement Annuity, Preservation Pension Plan or Preservation Provident Plan investment. 16

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18 Deposit details: How payment will be made Intermediary Details: If your details have changed, make the change, then click next. 18

19 Review screen: You have come to the end of populating the new business application form. You can use this as an opportunity to make final changes if needed. 19

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21 Once you have submitted, you are not able to make changes. Click submit to generate the new business application form. Tick this box to confirm that the terms and conditions have been read and understood and to complete the new application. XXXXX Generate the PDF Ask your client to sign the hard copy Scan the application form and supporting documents Upload the application form and supporting documents and click Send Click Finish 21

22 Investment Summary for new business Facsimile or INVESTMENT SUMMARY Linked Investments REFERENCE NUMBER PE GENERATED ON D D M M Y Y Y Y INVESTOR DETAILS ID/PASSPORT NUMBER TITLE DR. NAME/S EXAMPLE SURNAME MODEL CONTACT NUMBER ADDRESS NOT SUPPLIED INVESTMENT DETAILS PRODUCT INVESTMENT TYPE LUMP SUM: DIRECT DEPOSIT AMOUNT CLASSIC PRESERVATION PENSION PLAN LUMP SUM R OPTIONS SELECTED: LUMP SUM PORTFOLIOS PORTFOLIO PERCENTAGE AMOUNT * LINKED RANGE CPI +7% SOLUTION % R PORTFOLIO NOMINATION FOR FEE/INCOME You have selected the following portfolio(s) for ongoing fee deductions: * LINKED RANGE CPI +7% SOLUTION - CORONATION BALANCED PLUS FUND B4 *Underlying portfolios within a Model Portfolio FINANCIAL ADVISER DETAILS FINANCIAL SERVICE PROVIDER LICENCE NO: [44503] STANLIB ID NAME OF SOLE PROPRIETOR / REPRESENTATIVE MARCELLE JARDIM FINANCIAL SERVICE PROVIDER CHARGES (EXCLUDING VAT) FEE SPLIT: Only available to advisers from the same Financial Service Provider INITIAL FSP CHARGE: LUMP SUM INVESTMENT % FINANCIAL ADVISER % FSP SERVICE CHARGE % FINANCIAL ADVISER 2 % INVESTOR DECLARATION I HAVE READ AND UNDERSTOOD THE TERMS AND CONDITIONS FOR THIS INVESTMENT I/We hereby agree to provide all documentation and information required in terms of the Financial Intelligence Centre Act, No. 38 of 2001, and understand that STANLIB is prohibited from processing any transaction on my behalf until all such documentation and information has been provided. Any money received by STANLIB that is not accompanied by the required documentation will be held in a call account until said documentation is received. The Client and the Financial Adviser, by signing this form, state and declare that they have each read and understood the terms and conditions pertaining to the investment; including but not limited to Investment objective, Information on Nett Asset Value, Charges, Risk Factors, Income accruals and declare that the STANLIB and Financial Adviser charges as indicated on this application form are correct; warrant that all statements given by each of them in this application form are true and correct in every aspect; and that such statements shall form the basis of the contract which is to be entered into with STANLIB as well as the contract between the Client and the Financial Adviser. STALIINV005SUM 2014/07 Page 1 of 2 22

23 How to make an Additional Investment in a Model Portfolio Click Unit Trust and Linked Online Forms to complete the prepopulated forms Select Ad-hoc form Select your client s name and the prepopulated form will open 23

24 Complete the required fields Your client s current investment portfolio will display. The client can therefore invest the additional funds in the Current Investment Portfolio or select new funds or invest in Model Portfolios. 24

25 The Model Portfolio details display. When click Add go to next page 25

26 Enter payment details and complete the required field. Review screen: To check captured details and make changes Effective Allocation Generate the PDF Ask your client to sign the hard copy Scan the application form and supporting documents Upload the application form and supporting documents and click Send Click Finish 26

27 Prepopulated Additional Investment Form example Facsimile or Additional Investment Form Classic Range Note: Phase-in options, spread fees and optional death benefit are not available for Additional Investments. CLIENT DETAILS ENTITY / INVESTMENT ACCOUNT NUMBER I P NAME & SURNAME / ENTITY NAME E L I Z A B E T H A B R A H A M S IDENTITY/PASSPORT NUMBER CELL PHONE NUMBER INVESTMENT DETAILS A maximum of 12 portfolios are allowed after the additional investment. Where the portfolio range is not selected or left blank, the Linked Range will apply. If the portfolio selected is not offered on the Linked Range, then the Select portfolio range will apply. For a complete list of the portfolios, please visit Minimum investment amounts apply to additional investment transactions: Classic Investment Plan, Preservation Funds and Retirement Annuities: R10 000, Linked Life Annuity: no minimum amount INVESTMENT AMOUNT R PAYMENT TYPE BANK DEPOSIT (M65) ONCE-OFF DEBIT UNIT TRUST PORTFOLIOS Portfolio Name Portfolio Range (e.g. Linked Range, Select) Percentage Net Amount 1. LINKED RANGE CPI +7% SOLUTION MODEL PORTFOLIO % R % R 3. % R 4. % R 5. % R 6. % R 7. % R 8. % R 9. % R 10. % R 11. % R 12. % R NET TOTAL: % R STALIADD /07 D886R8 Please note this form expires on 2014/12/31. Up to date forms are always available on Page 1 of 7 27

28 Switches/Conversion Switches Switch to Fund (Model Portfolio) Gives you a list of the Model Portfolios you can select to switch to 28

29 Generate the PDF Ask your client to sign the hard copy Fax the signed form and supporting documents to Click Finish 29

30 Switch Form example Facsimile or Switch Form Classic Range CLIENT DETAILS ENTITY / INVESTMENT ACCOUNT NUMBER I P NAME & SURNAME / ENTITY NAME M I S S E L I Z A B E T H A B R A H A M S IDENTITY/PASSPORT NUMBER CELL PHONE NUMBER INSTRUCTION INSTRUCTION TYPE REBALANCE SWITCH SWITCH DETAILS: Fund Name Quantity Type Quantity From: INSIGHT CAPITAL MET FLEXIBLE FOF A PERCENTAGE % To: [LR] STANLIB ABSOLUTE PLUS FUND B % LINKED RANGE CPI +7% SOLUTION % DEBIT ORDER INSTRUCTION Change the portfolio selection for the existing Unit trust funds as indicated below. If the table is left blank, the existing portfolio on record will remain unchanged. The product minimum recurring debit order amounts must be met: R1 000 for the Classic Investment Plan with a minimum of R500 per portfolio; R500 per portfolio on the Classic Retirement Annuity Plan. CHANGE DEBIT ORDERS AS PER SWITCH / REBALANCE INSTRUCTION YES NO PHASE-IN INSTRUCTION Change the portfolio selection for the existing Unit trust funds as indicated below. If the table is left blank, the existing portfolio on record will remain unchanged. Phase-in's are only available for Unit Trust funds and at inception stage. CHANGE PHASE-IN AS PER SWITCH/ REBALANCE INSTRUCTION YES NO FINANCIAL SERVICES PROVIDER 1. The Terms and conditions signed and agreed to in the Investment Application form will remain in force and apply to this transaction. FINANCIAL SERVICES PROVIDER 1 FSP LICENCE NO: [ ] STANLIB ID NAME OF SOLE PROPRIETOR OR NAME OF REPRESENTATIVE MARCELLE JARDIM FINANCIAL SERVICES PROVIDER 2 STANLIB ID NAME OF SOLE PROPRIETOR OR NAME OF REPRESENTATIVE STALISWI /07 D886R8 Please note this form expires on 2014/12/31. Up to date forms are always available on Page 1 of 4 30

31 Disclaimer As neither STANLIB Wealth Management Limited nor its representatives did a full needs analysis in respect of a particular investor, the investor understands that there may be limitations on the appropriateness of any information in this document with regard to the investor s unique objectives, financial situation and particular needs. The information and content of this document are intended to be for information purposes only and STANLIB does not guarantee the suitability or potential value of any information contained herein. STANLIB Wealth Management Limited does not expressly or by implication propose that the products or services offered in this document are appropriate to the particular investment objectives or needs of any existing or prospective client. Potential investors are advised to seek independent advice from an authorised financial adviser in this regard. STANLIB Wealth Management Limited (Reg. No. 1996/005412/06) is an authorised Financial Services Provider in terms of the Financial Advisory and Intermediary Services Act 37 of 2002 (Licence No. 26/10/590)

32 Disclaimer As neither STANLIB Wealth Management Limited nor its representatives did a full needs analysis in respect of a particular investor, the investor understands that there may be limitations on the appropriateness of any information in this document with regard to the investor s unique objectives, financial situation and particular needs. The information and content of this document are intended to be for information purposes only and STANLIB does not guarantee the suitability or potential value of any information contained herein. STANLIB Wealth Management Limited does not expressly or by implication propose that the products or services offered in this document are appropriate to the particular investment objectives or needs of any existing or prospective client. Potential investors are advised to seek independent advice from an authorised financial adviser in this regard. STANLIB Wealth Management Limited (Reg. No. 1996/005412/06) is an authorised Financial Services Provider in terms of the Financial Advisory and Intermediary Services Act 37 of 2002 (Licence No. 26/10/590) 17 Melrose Boulevard Melrose Arch 2196 PO Box 203 Melrose Arch 2076 T (SA only) T +27 (0) E contact@stanlib.com W stanlib.com GPS coordinates S , E