Billing & collections processing costs are reduced by up to $2.50 (paper) and $1.00 (online) per item due to lower production costs, less manual process handling, more and quicker payments that always match in the AR system and a significant reduction in inbound calls.
AcceptEmails get paid twice as fast as paper and online bills because they arrive and reside in your customers inbox, which they monitor and manage every day. No registration or login is required, making it easier than ever to pay bills quickly. Fast payments result in lower DSO, less reminders and reduced working capital required for your operations.
Higher customer satisfaction results in reduced churn, positive publicity and extended customer retention with increased customer lifetime value.
Wealthport gives you access to industry-leading technology, allowing you to make the best decisions for your clients. Wealthport is also available via mobile devices, allowing for complete anytime access.
As a Financial Advisor, you may choose a custom fund selection for your clients or you may partner with an expert Discretionary Fund Manager and make use of the models that they provide.
A model portfolio is significantly more cost effective than a traditional fund solution and makes it easy to deliver a consistent and professional service to your clients. A good investment process and the ability to implement it timeously are critical in today’s marketplace and complex regulatory environment.
Wealthport is the platform that powers and champions the independent advisor and their investors, by providing a simple, effective tool, designed to give them and their clients the best results.
Wealthport is a platform that encourages and enables online portfolio management and transacting. We also realise the importance of keeping you up to date when it comes to the progress of your instruction, and do so via automated email and SMS correspondence.
Financial advisors are provided with an online portal where they are able to keep track of client portfolios and load instructions on behalf of clients. Any instruction submitted in such a manner for which there are no outstanding requirements may be submitted up until 13h00 for Unit Trusts and ETFs and 10h00 for Money Market Funds in order to be processed that same day.
Alternatively, fax your instruction to 087 231 6972.
Lacey Oak House
Ballyoaks Office Park
35 Ballyclare Drive Bryanston,
Wealthport is a unique FSP licensed Financial Services Technology company that provides solutions that power and champion the independent advisor and their investors, by providing simple, effective solutions that give them and their clients the best results.
Wealthport only partners with the best Independent Financial Advisors in SA and abroad. These advisors share our vision of transparency, reduced costs, investment excellence and continuous innovation to ensure the ultimate client experience.
Wealthport’s highly experienced and dynamic team is committed to providing clients with the best service and administration. Extensive skills and expertise in linked investment services and investment distribution allow us to consistently deliver on our service promises.
As a service-based company we pride ourselves on the high calibre of professionals who we employ to serve our clients. Our team is passionate about innovation and offering new solutions and improved technology. By keeping up-to-date with the latest industry trends, commentary and information, we strive to always offer the most current solutions and products to our clients.
We also strongly believe in the power of a simple proposition without the clutter of complicated business rules and seemingly endless choices. This allows us to focus on what matters most – providing only the highest quality administration services to our clients and Advisors.
At Wealthport we focus on providing the ultimate technology to assist Advisors manage their client base. We do this by providing innovative solutions that get clients engaged by assisting them to consolidate their financial lives. This dramatically reduces the administration load for the advisor so they can focus on the things that really matter, like the clients’ investment goals.
Advisors and clients have access to the full offering of investment products in South Arica. Wealthport is the first company in South Africa to provide access to unit trust, Exchange traded funds and structured products all on one investment platform.
Through efficiencies and streamlined processes designed into our technology we pride ourselves on the ability to reduce costs to clients. Simple standardized business rules also make transacting quick, simple and reliable.
Our reporting to both advisor and client through a customized user interface is what sets us apart and helps us deliver on the ultimate client and advisor experience.
Wealthport offers investors a choice of a discretionary portfolio or alternatively one of the Wealthport Retirement Fund portfolios, consisting of a Retirement Annuity Fund, Pension Preservation Fund, Provident Preservation Fund and Living annuities. In addition, Wealthport has the ability to provide full employee benefits administration as it has a 13B individual employee benefits administration licence. Any of the investment options offered can be combined within a portfolio. Wealthport is one of the rare investment platforms to allow the combination of ETFs and Unit trusts within a Retirement Fund portfolio or discretionary portfolio. Wealthport provides access to structured products which can be added to portfolios. Wealthport also has a STRATE licence allowing it to trade shares.
Wealthport is the most modern platform in SA having pioneered innovation that our competitors have followed. Wealthport has the most advanced wrap fund or model portfolio technology available. The use of model portfolios has grown worldwide as advisors have professionalized their practices. Wealthport can host wrap funds constructed by any Category II licensed discretionary fund manager. Model portfolios provide the optimal way to improve compliance and reduce costs and advice risks associated with running multiple bespoke portfolios. Models can be constructed with the use of any funds available in SA. The best outcome for clients is achieved through the cost saving as funds used in models are priced much lower as the platform uses its scale to negotiate the best price for advisors and clients.
Wealthport provides advisors with access to the widest range of investment products in SA including unit trusts, ETF’s and Structured Products.
We realise that streamlined administration can greatly simplify the investment process, from initial decision-making and placing instructions, until the final transaction is completed. The backbone of Wealthport is a professional, experienced administration team supported by custom-built technology, which is tailor-made for the environment. Expertly engineered processes and systems enable us to offer only the best when it comes to delivery times, service and security.
Wealthport realise the importance of keeping you up to date when it comes to the progress of your instruction, and do so via automated email and SMS correspondence. Financial advisors are provided with an online portal where they are able to keep track of client portfolios and load instructions on behalf of clients. Any instruction submitted in such a manner for which there are no outstanding requirements may be submitted up until 13h00 for Unit Trusts and ETFs and 10h00 for Money Market Funds in order to be processed that same day. For more information, please refer to our Ts & Cs or our detailed instruction turnaround times. Wealthport facilitates client approval of instructions submitted online on behalf of clients where required by FAIS. Read more about FAIS.
Wealthport facilitates the deductions and payment of initial and annual service commission to Financial Advisors. The maximum initial commission that a Financial Advisor is permitted to charge on the Wealthport platform is 3%. The maximum ongoing annual service commission is 1.5%.
At Wealthport we believe in complete transparency with regards to costs and we want our financial advisors and clients to have a clear understanding of our fee structure. We have provided a breakdown of all fees charged during the lifetime of an investment with Wealthport. Our priority is to keep costs as low as possible.
Administrator fee: There are no initial administration fees. Product Supplier fee: The Product Supplier may charge an initial fee on investment into their Product. This includes when investment into the product takes place via a switch. You can refer to the fund factsheet of the fund to determine if an initial fee is applicable. (Fund factsheets are coming soon!) ETF Broker fee: The Client will pay a 0.1% (plus VAT) ETF Broker fee when purchasing or selling or switching an ETF. The fee will be deducted from the investment amount before the investment in an ETF is processed or before the proceeds of the sale are paid out. Any regulated fees such as the Investor Protection Levy and nominal STRATE settlement fees will be passed on to the client and are incorporated into the purchase or sale price of the ETF.
Administrator fee: Wealthport has the lowest all in cost of portfolio fee in the market. Annual administration fees are determined between the Advice Practice and Wealthport. Wealthport is 100% clean priced platform which means it receives or takes no rebates or kickbacks on funds listed on its portal. Wealthport will calculate the monthly fee due on an investment portfolio and if the fee amount is less than R10 (plus VAT) for an individual portfolio then a minimum fee of R10 (plus VAT) will apply. Annual administration fees will be calculated as a portion of the annualised percentage fee and will accrue daily on client investment portfolios. The fee will be deducted proportionality from all funds in the portfolio in the form of units. Deduction will take place in arrears on a set date of the month for the previous calendar month. If there is a transaction in progress on the portfolio which prevents this from taking place then the fee deduction will take place the following month or on request once the transaction in progress has completed processing. In the event that a client performs a full withdrawal from a portfolio, any administration fees due for the month but not yet deducted will at such time be deducted from the withdrawal amount. Product Supplier Fee: The Product Supplier charges annual investment management fees. This fee, as well as other legally allowed expenses, is incorporated into the published price (NAV price) of the fund. The investment management fee may be fixed or performance related. The total expense ratio encompasses all of these charges and the ratio for each investment option offered on the platform is indicated on the fund factsheet. (Fund factsheets are coming soon!)
Category I and Category II Financial Advisors can use our platform, however certain bulk instructing facilities are only available to Category II Advisors. Wealthport will also ensure that we obtain final approval from the end-client to process instructions submitted on their behalf by a Category I Financial Advisor.
Wealthport is one of the first platforms in South Africa to facilitate ETF investment within a traditional LISP or Retirement Fund portfolio. Whilst every effort is made to create standardised administration processes, the nature of an ETF means that there are certain instances in which they must be managed differently to the typical procedures used for unit trusts. We have provided an ETF information page where we unpack the details with regards to ETF administration.
FICA was established in 2001 in order to prevent money laundering and other money related fraud. In accordance with this legislation, financial institutions are required to gather information to ensure that they have established and verified the identity of their clients. We have provided a detailed FICA requirement list for your reference.
Alternatively, fax your instruction to 087 231 6972.
Lacey Oak House
Ballyoaks Office Park
35 Ballyclare Drive Bryanston,