Bespoke Managed Portfolios
An individually tailored portfolio management service offered to private clients, based on an agreed investment mandate and constructed on a basis that is consistent with the Flagship investment philosophy and House View on “core” investments.
The following principles are considered in drawing up the mandate:
- The required level of income
- The need for income to grow at a rate ahead of inflation
- The need for long term capital growth in excess of inflation
- Any other personalised requirements
The Flagship Investment Philosophy integrates with the requirements of the mandate:
- To ensure the security of clients’ capital by investing in a diversified portfolio focused on the better quality securities listed on the JSE All Share
- If required, to add international exposure via Flagship’s offshore investment capability
- To obtain the most competitive interest rates on cash balances
In addition to targeting superior long-term performance, the Flagship service offering includes:
- Transfer of existing portfolios to Flagship’s custodian at no cost to the client
- Complete segregation of client funds
- Portfolios to be registered in the clients own name and held and administered by an independent, approved custodian
- Cash balances will be held by an independent, leading bank
- Dividend and interest collections, rights issues and all other corporate actions managed seamlessly
- Capital and income distributions to pre agreed accounts only
- All FICA related requirements dealt with on behalf of the client
- Independent governance and compliance
- All relevant tax related reporting supplied in the correct formats, including Capital Gains and Income Tax reports
- Detailed quarterly and annual reporting
Portfolio size and fees
- Minimum of R3m and above for tailored portfolios
- No upfront fees
- Fees on sliding scale based on market value
- Full transparency and no layering of fees
- Competitive rates with custodians and stockbrokers
Tax Free Savings Account
Tax Free Savings Account offer Flagship clients the following features:
- All returns will be tax free in the hands of the individual who owns them
- There is no limit on the growth on the investments
- No tax on dividends
- No income tax
- No tax on capital gains
An individual may contribute up to R33 000 per year, with a lifetime contribution limit of R500 000.
At Flagship Asset Management, there are no initial fees and no fees to administer the TFSA.
The only fees applicable will be the fund management fee levied on the underlying fund.
Flagship TFSA investors can invest in the Flagship IP Worldwide Flexible Fund (FWFF).
This fund has won four consecutive Raging Bull awards (2004 to 2007) and a further Raging Bull award in 2015, five Standard & Poors awards and one Micropal award and is managed by Winston Floquet, the CIO and Chairman of Flagship Asset Management.
The strategy of the Flagship IP Worldwide Flexible Fund is to manage the portfolio actively in terms of asset classes, geographies, and currency allocation (switching between equities, bonds, property, and cash as market circumstances dictate, with no restriction on percentage allocation). Interim movements in the market will not be ignored and will be acted upon to exploit opportunities to add value or protect the value of the portfolio.
(Please click HERE to view the latest fact sheet)
For detailed information of the TFSA offered by Flagship, please view our Product Guide & FAQ.
Corporate Cash Manager
Flagship uses Investec Bank’s online banking facility to provide its clients with a secure online banking environment in which to transact.
Corporate Cash Manager provides Flagship with the ability to:
- Open, close and manage accounts on behalf of clients
- Make electronic payments on instruction from clients
- Provide detailed client reports
The interest rate Investec Bank pay is based on the aggregate value of Flagship’s total call funds. This means that our clients receive a higher interest rate.
Lifestyle Financial Planning
Flagship has teamed up with A Question of Balance (AQB) to provide our clients with holistic financial planning.
AQB Financial Services was established in 2004 when two Chartered Accountants, John Edwards and Ronnie van ’t Hof, merged their respective tax, accounting and personal financial planning businesses to create an all encompassing service for individuals and small businesses that allows for a comprehensive management of all aspects of a client’s financial affairs. In addition to its offices in Johannesburg and Knysna, AQB is now situated in Cape Town within Flagship’s Constantia offices.
AQB will provide a comprehensive financial life planning process includes an evaluation of the client’s life, financial history, relationship with money, transitions, objectives and the resulting financial impact. This is then linked to the client’s current statement of assets and liabilities, income and expense profile.
AQB also provides tax planning and administration, and wills and estate planning services.
Pension fund | Provident Fund | Preservation Fund
Flagship clients who have either pension fund, provident fund, preservation fund or living annuity needs can have these assets managed by Flagship, either in one of Flagship’s own unit trust funds, or in a portfolio of 3rd party funds, managed by Flagship .
Amongst other life companies, Flagship uses the Momentum Wealth and Old Mutual Wealth platforms to cost-effectively enable this service.
Offshore Investment Management
Flagship uses the SWISSQUOTE banking and investment management platform to provide clients with the ability to have all their offshore investments in one place.
Investors can, with the completion of a single application form:
- open multiple currency accounts
- have the ability to invest in listed worldwide assets, such as equities, bonds, listed property and mutual funds
- pay beneficiaries online in currency of choice
- receive accurate online reporting on all their offshore assets
- apply for a multi-currency VISA credit card
Importantly, assets held by Swissquote do not require probate to be opened in Switzerland. This is not the case in many other investment centres such as Guernsey, Ilse of Man, British Virgin Island and Cayman Islands.