Personal Share Portfolio. (Regulation 28 Compliant)

Transcription

1 Personal Share Portfolio (Regulation 28 Compliant)

2 Sasfin Securities is committed to growing the wealth of our clients by managing their portfolios in the spirit of partnership. Since our establishment in 1890, this commitment has remained the cornerstone of our business, ensuring our reputation as one of the leading private client portfolio management and stockbroking businesses in South Africa. While we have the necessary depth of resources to deal with the complexity of regulated global markets, our real strength lies in the expertise and experience of our portfolio managers and their ability to nurture long-term personal relationships with each of their clients. As we continuously grow and enhance our offering, our commitment is to retain the soul which stems from our entrepreneurial spirit. Michael Sassoon CEO: Sasfin Securities Personal Share Portfolio 1

3 Sasfin Securities has a long history, having been in operation for over 120 years. Our team of portfolio managers continue to offer a personal service, a service we have been providing since our establishment. When it comes to looking after people s money, no matter how much money they have, we find a solution that works for them. We build close relationships with each of our clients. We sit face to face with them to find what they are looking for in terms of investments. Every investor is different: some people have a more aggressive nature while others are more conservative. We are flexible and tailor our portfolios accordingly. Through building a foundation of understanding with our client, we are able to create a bespoke investment portfolio of stocks with the characteristics to meet each individual s unique risk profile and match their specific income and capital requirements. As international competition increases and companies continue to globalise, our team understands the importance of identifying global investment opportunities. Our primary goal is to ensure that our clients are well diversified (across sectors and regions) holding relatively liquid investments while maintaining exposure to multi-national companies, listed on major stock exchanges around the world, with proven track records and attractive growth prospects. We adopt a high conviction approach by constructing a focused, well balanced portfolio with significant weightings in each investment. This approach ensures that each position makes a material difference to our clients returns. David Shapiro Deputy Chairman: Sasfin Securities Personal Share Portfolio 2

4 Personal Share Portfolio 3 The history of the JSE and Sasfin The discovery of gold on the Witwatersrand in 1886 resulted in the formation of several mining and financial companies. Shortly after their establishment, many investors required a central facility to access primary capital and the JSE was established to facilitate these investors requirements. Trading initially took place in a miner s tent and then moved to the stables at the corner of what is now, Sauer and Commissioner Streets, before relocating to the centre of Sandton The JSE is established as a Stock Exchange. History of the JSE History of Sasfin 1887 The JSE is established as a Stock Exchange Otto Pollak becomes a member of the JSE Securities Exchange Max Pollak & Fremantle established. Sidney Isaacs starts broking from Sidney Isaacs and Co Leslie Frankel joins Sidney Isaacs and Co (est. in 1933) Sasfin established Insider Trading Act promulgated. Electronic and settlement trading system (STRATE) introduced SENS (Securities Exchange News is introduced. The first Exchange Traded Fund is listed The JSE acquires SAFEX, the South African Futures Exchange JSE becomes a member of the World Federation of Exchanges Krugerrands are officially listed The trading floor is closed on 7 June and replaced by Johannesburg Equities Trading system. Bond Exchange is formed Deregulation of the JSE. The South African Institute of Stockbrokers is formed reaching a market capitalisation in excess of R1 trillion JSE becomes an active member of the African Stock Exchange Association All listed securities are successfully dematerialised and migrated to STRATE. The LSE s SETS system is introduced The JSE launches AltX The JSE launches Yield-X, a worldfirst market for a wide range of interest rate products allowing for the trading of both spot and derivative interest rate products In June the JSE Ltd lists on the Main Board 1987 Sasfin listed on the JSE Sasfin pioneers the securitisation market in South Africa Frankel Pollak Vinderine taken over by SG Societe Generale Sasfin Bank Limited granted a foreign exchange dealer licence Sasfin Asset Management awarded two Raging Bull Awards. Sasfin ranked 6th in the Sunday Times Business Times Top 100 Companies Business Survey 1997 Sasfin forms a subsidiary, Sasfin Asia Limited in Hong Kong Sasfin granted Custody and Settlement 2000 Member status by the jse Sasfin obtains a banking license. Sasfin acquires Sasfin Frankel Pollak Securities Sasfin Asset Managers formed Sasfin Corporate Finance division ranked 3rd in the sponsor rankings by deal flow - mergers and acquisitions. In the general corporate finance sponsor category. Sasfin Corporate Finance was ranked 3rd. Ranked top retail broking house in PWC 2000-Millenium issue. Personal Share Portfolio 4

5 Personalised Share Portfolio The stock market provides investors with excellent investment opportunities. Equities as an asset class has provided investors with fantastic inflation beating returns and has been one of the best performing asset classes over the long-term. A Personal Share Portfolio (PSP) enables the astute investor to own domestic securities within a tax effective investment structure, while benefitting directly from the expertise and experience of a dedicated portfolio manager. The investment portfolio will be managed within the limits as set out in Regulation 28 of the Pension Funds Act and is therefore suitable for both pre and post retirement money. The advantages of investing in a PSP: A truly tailored investment solution which can be adapted to lifestyle changes of members within a Pension and/or Provident Fund; Cost effective alternative to unit trusts; Provides certain tax benefits; and There are fewer investment constraints when compared to unit trusts. Personal Share Portfolio 5

6 Spirit of partnership Over the years, Sasfin Securities has forged relationships and partnered with some of the country s most successful financial planning practices to render bespoke portfolio management. By truly understanding our clients and building mutually beneficial relationships, we are able to implement client centric solutions. By partnering with Sasfin Securities, financial planners are able to offer their clients a more personal and cost effective alternative to traditional unit trusts. Our ability to work closely with the independent financial advisor and understand their clients objectives and aspirations is portrayed in the way we manage money. Our Personalised Share Portfolios, available through many of the country s leading product platforms, provide each investor with the opportunity of owning shares, directly or through a life-license or retirement fund product (endowment, retirement annuity, living annuity and preservation fund). Our investment strategies provide the foundation for each of our client s portfolios, ultimately driving performance. Our clients satisfaction and loyalty are paramount to our success Personal Share Portfolio 6

7 Research and market intelligence Our investment philosophy combines thorough fundamental stock specific research, with focused analysis of the global economic environment, which ultimately provides a solid foundation for our portfolio managers to tailor personalised portfolios to meet their clients unique investment needs. This philosophy translates into an in-depth investment process, ensuring we are able to navigate the global investment maze to achieve superior returns for clients. Our process begins with qualitative and quantitative macro-economic analysis which defines our core investment themes. We then leverage off established independent company specific research, which is interrogated by our in-house research division, ensuring congruency with our core investment themes. Our solid and robust investment process ultimately results in three flagship risk-profiled foundation models. Our portfolio managers combine these foundation models with an in-depth understanding of our clients financial personality and investment objectives when building and implementing each of their custom-built portfolios. We are passionate about building, enhancing and preserving wealth Personal Share Portfolio 7

8 BUSINESS BANKING Trade and Debtor Finance COMMERCIAL SOLUTIONS Logistics and Trade Solutions Healthcare and Short-term Insurance Incentives Verifiication Services Foreign Exchange Equipment Finance Corporate Finance Private and Property Equity Debt & Equity Capital Markets CAPITAL Money Market Transactional Bank Accounts* TRANSACTIONAL BANKING Electronic Banking* Card Services* Deposits TRANSACTIONAL BANKING Fixed Income Asset Asset Consulting Management Financial Planning Portfolio Management and Stockbroking WEALTH MANAGEMENT * Expected launch Q3/Q Personal Share Portfolio 8

9 Johannesburg Tel: Fax: Scott Street Waverley 2090 PO Box 299 Johannesburg 2000 Cape Town Tel: Fax: PO Box 7520 Roggebaai 8012 Durban Tel: Fax: PO Box 2707 Westway Office Park 3635 Plettenberg Bay Tel: Fax: PO Box 494 Plettenberg Bay 6600 Port Elizabeth Tel: Fax: PO Box Greenacres 6057 Pretoria Tel: Fax: PO Box Menlo Park Sasfin Securities (Pty) Limited Reg No. 1996/005886/07