The Wealth Room Disclosure letter
In the spirit of transparency and to ensure that you have the information necessary to make an informed decision in terms of our role as your Financial Planner, We would like to provide you with some background regarding The Wealth Room, The Financial Planners, as well as information required in terms of the FAIS Act no 37 of 2002.
Full name of company: The Wealth Room PTY (Ltd)
FSP licence: Number: 8866
Compliance officer: Etude Compliance
From an accreditation perspective, The Wealth Room as well as all the Financial planners have written mandates with the following companies and are accredited to market and sell their products:
- Discovery Invest, Allan Gray, Cadiz, Marriott, Old Mutual Wealth, Private Wealth Securities, Investec & others
- Discovery Health
- Discovery Life, Liberty Life, BrightRock, Old Mutual, Momentum & others
- Versma Garrun Management Services, Discovery insure, Brolink & other
- Cura, Stratum, Resolution underwriters & others
In terms of shareholding, neither The Wealth Room, nor any Financial Planner holds any shareholding in any of the above product providers.
The Wealth Room derives all of their income through commissions, and where agreed upon, administration and professional fees.
CONFLICT OF INTEREST DISCLOSURE AND REPRESENTATIVE REGISTER
The Wealth Room, business associates, representatives or its employees have contractual relationships with the companies aforementioned who are product providers and financial service providers. During the course of the relationship they may receive inconsequential and educational benefits from the above entities and/or persons. The Wealth Room accepts responsibility for those activities of the representative performed within the scope of their employment in terms of their service agreement.
PROFESSIONAL INDEMNITY AND COMPLAINTS
In order to protect our clients, The Wealth room holds professional indemnity insurance in the amount of R 1 000 000.00. All fees and commissions due to the company will be paid to the company by the
product provider. Such remuneration will be disclosed to you. Should you as the client be dissatisfied with services rendered by us, a complaint may be lodged following our internal complaints procedure
available upon request and submitted in writing with copies of relevant documentation addressed to:
The Wealth Room
PO Box 5051
We hold indemnity cover with:
PI Financial Risk Services
PIFRS FSP No. 38273 (an authorised Financial Services Provider)
Switchboard: 011 540 7950
P O BOX 70338, BRYANSTON, 2021
Rosewill House, 35 Old Kilcullen Road, Bryanston.
Member of the F.P.I.
July 18, 2014
The Wealth Room
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