Tuesday, 30 July 2013 - 20:00
Charts
Choosing a Financial Advisor I was recently in the position where I was asked what to look for when choosing a financial advisor. I realised that finding an advisor that suits one’s specific needs can be a daunting task. Below, summarised, are some key questions to ask when choosing a financial advisor:
How do they charge for their services and how much?
It is important to ask whether they charge an initial planning fee, whether they charge a percentage of assets under management or whether they make money on selling you a specific product. By doing this you will know whether they have an incentive to sell you certain products and may be biased towards them. Independent advisors represent several companies while tied agents are usually restricted to the company they are employed by.
Credentials and certifications:
It is best to go with an advisor with a globally recognised financial designation, including CFP/CFA/CA/Actuary. These certifications ensures that the financial planner meets the highest international level of education, experience and ethics for providing financial advice. Ideally one wants an advisor that is both qualified and experienced.
Even more important will be to check whether they are licensed with the FSB (Financial Services Board). An easy way to check this is to enter their details on the FSB website -http://www.fsb.co.za/FAIS/Search_FSP.htm
How often will the advisor communicate with you and what makes their client experience and service unique?
The regularity of meetings between you and your advisor will greatly depend on your personal goals. If your goals are, for instance, to retire within 10 years or you want to save up over the next 5 years to start your own business, one would expect a thorough evaluation and meeting at least twice a year. If, on the other hand, your objective is to assist your financial wellbeing in 40 years time and the product is a long term retirement annuity, an annual meeting may be more than enough.
Another important question will be what is the advisors area of specialization?
It is difficult, and probably impossible, for a single person to become an expert on all aspects of financial advisory as the playing field is just too big.
At Seed Investments we specialize in multi management but, coming from the wealth management space, we have recognised that there is a need to provide clients with consolidated or holistic investment reporting.
It is fairly standard from a wealth management perspective to recommend an appropriate investment portfolio for a new client but it becomes very complicated to consistently report to the client on their consolidated portfolio. The reason for this is because a client’s assets are usually spread across various platforms and each has its own method of reporting.
It is important for both the advisor and his clients to know exactly how their investments are positioned. A consolidated investment report, across all platforms, does just that.
At Seed, our wealth managers make use of consolidated reporting for their clients. This ensures that they can focus their time on providing financial advice and the ongoing management of client portfolios. Ongoing professional reporting ensures that both parties are fully aware of the client’s consolidated position on a monthly basis.
Best regards,
Renier Hugo
www.seedinvestments.co.za
info@seedinvestments.co.za
021 914 4966
Tue, 30 Jul 2013
Top News
South African stocks closed higher for a second-straight session on Tuesday, buoyed by paper-maker Mondi Ltd, which hit a record high after it said first-half profit would be sharply higher. Full story
Interest and similar income declined by 1% to R25.4 billion (R25.7 billion). Net interest income was still up by 5% though, to R12.5 billion (R11.9 billion). Operating income before operating expenditure rose 7% to R20.3 billion (R19 billion). Net attributable profit increased by 13% to R4.7 Full story |
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Tunisia's largest labour union
called on Tuesday for the dissolution of the Islamist-led
government and the interior minister offered to resign as a
political crisis deepened. Full storyEgypt allowed Europe's top diplomat to meet deposed Islamist president Mohamed Mursi on Monday, flying her after dark to Mursi's secret detention facility but ruling out any role for him in ending the turmoil convulsing the country. Full storyThousands of people packed into a sports hall in the southern town of Pozzuoli on Tuesday to commemorate 38 people who died when a coach plunged 25 metres (80 ft) off a motorway viaduct in one of the worst road accidents in Italian history. Full story |
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Markets | The Dow industrials and the
S&P 500 turned lower on Tuesday, erasing earlier gains, after
Verizon and Mosaic led a selloff in the. . . Full story | | European shares ended slightly higher on
Tuesday as positive results from euro zone blue chips such as
EDF and Air Liquide fuelled expectations. . . Full story | | Upbeat earnings from leading
companies nudged Britain's benchmark equity index higher on
Tuesday, enabling the market to offset a slump in Barclays
after. . . Full story | | Gold inched lower in
quiet trading on Tuesday as participants largely stayed on the
sidelines ahead of a U.S. Federal Reserve policy statement. . . Full story |
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| The S&P 500 rose on Tuesday
after earnings from Pfizer and others supported the market, but
Mosaic and other potash producers tumbled on. . . Full story | | Stocks rose on world markets
on Tuesday as data buoyed optimism about growth prospects
heading into the week's meetings of the U.S., British. . . Full story | | U.S. stocks rose at the open on Tuesday,
bouncing back from a decline on Monday, but shares of raw
materials companies were lower. . . Full story | | European shares were flat on
Tuesday, as Barclays led a selloff in banks after
announcing a 5.8 billion pound rights issue and disappointing
earnings,. . . Full story |
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| South Africa's budget deficit in the first three months of the 2013/14 fiscal year was 38.602 billion rand compared with a. . . Full story | | South African construction firm Murray & Roberts said on Tuesday it plans to buy all the shares it does not already. . . Full story | | Absa Group, the South African bank majority owned by Britain's Barclays Plc, posted a small rise in first-half earnings on Tuesday. . . Full story | | The number of South Africans out of work rose to 4.723 million in the second quarter of 2013, Statistics South Africa. . . Full story |
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| Rio Tinto
is likely to appoint a Mongolian to head its $6.2 billion Oyu
Tolgoi copper and gold mine as the company. . . Full story | | South Africa's rand was weaker against the dollar on Tuesday and is likely to remain under pressure this week ahead of. . . Full story | | Petra Diamonds Ltd said
full-year production rose 21 percent and that it expected to
produce 2.9 million carats to 3 million carats for. . . Full story | | From building scores of new
towns to constructing state-of-the-art rail networks, China's
demand for steel to feed its modern-day industrial revolution
has driven a. . . Full story |
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Company News | Shareholders are advised that Acucap's annual report, incorporating a notice of annual general meeting ("AGM"), was lodged with the JSE and. . . Full story | | B&W would like to announce that an Investor Presentation took place on 30 July 2013 at the Mount Nelson Hotel in. . . Full story | | Shareholders were advised that, for the year ended 30 June 2013, headline earnings per share ("HEPS") is expected to be between. . . Full story | | Shareholders of Morvest are advised that the Company has entered into agreements by which it is proposing to implement a BEE. . . Full story |
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Company Results | Revenue increased to R3.6 billion (R3.1 billion). Gross profit decreased to R353.3 million (R381.3 million). Operating profit declined to R122.8 million. . . Full story | | Revenue from continuing operations for the interim period 30 June 2013 increased to GBP54.5 million (2012: GBP52 million). Net rental income. . . Full story | | | | Gross income from operations and investements decreased to R75.3 million (R106.7 million). Net income for the period attributabe to equity shareholders. . . Full story |
World Markets (Spot Prices)
Name | Time | RP | Move | % Move | JSE Overall | 17:00 | 40991.30 | 171.32 | 0.42% | JSE Top 40 | 17:00 | 36516.92 | 148.36 | 0.41% | JSE Gold | 17:00 | 1265.61 | -26.04 | -2.02% | JSE Financial | 17:00 | 30042.33 | -196.35 | -0.65% | JSE Industrial | 17:00 | 54024.80 | 832.88 | 1.57% | JSE Indust 25 | 17:00 | 47193.21 | 789.38 | 1.70% | JSE Resource | 17:00 | 46155.58 | -464.39 | -1.00% | DJ Futures | 19:52 | 15430.00 | -57.00 | -0.37% | DJ Ind | 20:00 | 15491.57 | -30.40 | -0.20% | SP 500 | 20:00 | 1683.78 | -1.55 | -0.09% | Nasdaq | 20:00 | 3608.77 | 9.63 | 0.27% | FTSE 100 | 17:35 | 6570.95 | 10.70 | 0.16% | DAX | 18:12 | 8271.02 | 11.99 | 0.15% | CAC40 | 18:12 | 3986.61 | 17.70 | 0.45% | Nikkei | 08:38 | 13869.82 | 208.69 | 1.53% | Shanghai | 09:28 | 1990.06 | 13.76 | 0.70% | Hang-Seng | 10:28 | 21953.96 | 103.81 | 0.48% | All Ords | 08:40 | 5026.30 | -1.60 | -0.03% | NZSE 50 | 07:48 | 4550.59 | -27.89 | -0.61% |
| | Name | Time | RP | Move | % Move | Gold $ | 19:59 | 1325.74 | -1.37 | -0.10% | Gold R | 20:00 | 12999.84 | -19.36 | -0.15% | Gold R/kg | 20:00 | 417945 | -271 | -0.06% | Silver $ | 19:59 | 19.7100 | -.0900 | -0.45% | Platinum $ | 19:59 | 1436.50 | -1.50 | -0.10% | Palladium $ | 19:59 | 725.90 | -15.30 | -2.06% | R157 | 17:36 | 6.19 | -.05 | -0.80% | R186 | 17:36 | 8.17 | -.02 | -0.24% | R204 | 17:25 | 7.13 | -.05 | -0.70% | R207 | 17:37 | 7.44 | -.03 | -0.40% | Brent Crude | 20:00 | 106.82 | -.35 | -0.33% | Rand / Dollar | 19:59 | 9.8075 | 0.0250 | 0.26% | Rand / Pound | 19:55 | 14.9136 | -0.0628 | -0.42% | Rand / Euro | 19:55 | 13.0012 | 0.0281 | 0.22% | Rand / NZD | 29/07 | 7.8625 | -0.0257 | -0.33% | Rand / AUD | 19:55 | 8.8889 | -0.1110 | -1.23% | Yen / Dollar | 19:59 | 98.0400 | 0.0980 | 0.10% | Euro / Dollar | 19:55 | 0.7544 | 0.0006 | 0.08% | Dollar / Euro | 19:59 | 1.3252 | -0.0008 | -0.06% | Pound / Dollar | 19:55 | 0.6563 | 0.0046 | 0.71% |
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Click here for the Sharenet Spot Price page
The JSE Today
Trading Statistics
Date | Adv. | Decl. | Unch. | Actives | Volume | Value | Trades | Orders |
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30/07/2013 | 184 | 155 | 72 | 411 | 207,239,143 | R11,878,040,092 | 128374 | 940092 | 29/07/2013 | 207 | 157 | 66 | 430 | 146,262,317 | R9,787,081,794 | 120604 | 1349989 | 26/07/2013 | 117 | 207 | 72 | 396 | 183,098,444 | R12,912,558,904 | 141632 | 1789261 | 25/07/2013 | 145 | 211 | 64 | 420 | 165,498,265 | R11,944,181,749 | 137460 | 947679 | 24/07/2013 | 159 | 207 | 62 | 428 | 220,821,678 | R13,046,453,468 | 152551 | 1688490 |
* Includes all listed instruments on the JSE
Index Summary Index Name | RP | Move | % Move | Top 40 | 36,516.00 | 148.00 | 0.41% | Industrial | 54,024.00 | 833.00 | 1.57% | Mid Cap | 55,260.00 | 265.00 | 0.48% | Small Cap | 45,032.00 | 203.00 | 0.45% | Resource 20 | 46,155.00 | -463.00 | -0.99% | Industrial 25 | 47,193.00 | 790.00 | 1.70% | Financial 15 | 11,260.00 | -97.00 | -0.86% | Financial & Ind. 30 | 49,898.00 | 518.00 | 1.05% | All Share | 40,991.00 | 172.00 | 0.42% | Oil & Gas | 34,296.00 | 187.00 | 0.55% | Mining | 27,835.00 | -386.00 | -1.37% | Gold Mining | 1,265.00 | -25.00 | -1.97% | Platinum Mining | 41.00 | .00 | 0.27% | GENERAL MINING | 7,986.00 | -98.00 | -1.21% | Oil & Gas Producers | 18,440.00 | 100.00 | 0.55% | Basic Materials | 24,685.00 | -234.00 | -0.94% | Chemicals | 21,866.00 | 391.00 | 1.82% | Forestry & Paper | 24,356.00 | 1019.00 | 4.37% | Industrial Metals | 22,729.00 | -302.00 | -1.31% | Industrials | 40,929.00 | 469.00 | 1.16% | General Industrials | 122.00 | 2.00 | 1.70% | Consumer Goods | 50,607.00 | 338.00 | 0.67% | Automobiles & Parts | 8,109.00 | -19.00 | -0.25% | Household Goods | 180.00 | 2 | 1.16% | Health Care | 66,600.00 | 787.00 | 1.20% | Beverages | 160.00 | .00 | -0.01% |
| | Index Name | RP | Move | % Move | Food Producers | 72,562.00 | 688.00 | 0.96% | Personal Goods | 942.00 | 15.00 | 1.71% | Consumer Services | 9,272.00 | 215.00 | 2.38% | General Retailers | 58,547.00 | 536.00 | 0.92% | Travel & Leisure | 5,506.00 | 36.00 | 0.67% | Media | 181.00 | 6.00 | 3.68% | Support Services | 2,504.00 | 63.00 | 2.59% | Telecommunications | 8,716.00 | 284.00 | 3.37% | Financials | 30,042.00 | -195.00 | -0.65% | Banks | 49,065.00 | -831.00 | -1.67% | Non-life Insurance | 49,275.00 | 15.00 | 0.03% | Life Insurance | 28,869.00 | -124.00 | -0.43% | General Financial | 2,792.00 | -7.00 | -0.25% | Technology | 40,841.00 | -267.00 | -0.65% | SHARIAH TOP40 | 3,405.00 | 3 | 0.12% | FTSE/JSE SHARIAH ALL | 3,540.00 | 6 | 0.19% | COAL MINING | 19,451.00 | -131 | -0.67% | FTSE JSE Fledgling | 5,566.00 | 3 | 0.07% | FTSE/JSE Alt X | 1,010.00 | 3 | 0.31% | SA LISTED PROPERTY | 499.00 | | 0.01% | CAPPED PROPERTY | 417.00 | | 0.08% | RESOURCE | 25,210.00 | -262 | -1.03% | DIVIDEND PLUS | 202.00 | 0 | 0.49% | FTSE/JSE RAFI 40 | 8,058.00 | 14 | 0.18% | Capped Top 40 | 19,307.00 | 99 | 0.52% | Capped All Share | 20,755.00 | 94 | 0.46% | JSE TABACO | 6,673.00 | 16 | 0.25% |
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Click here for the Sharenet Index Summary page
Latest Consensus Changes** Code | Company Name | Status | Updated | AGL | ANGLO AMERICAN PLC | BUY | 29/07/2013 | NPN | NASPERS LIMITED | BUY | 25/07/2013 | AQP | AQUARIUS PLATINUM LTD | BUY | 24/07/2013 | TRU | TRUWORTHS INTERNATIONAL L... | BUY | 24/07/2013 | LHC | LIFE HEALTHCARE GRP HLDG ... | HOLD | 24/07/2013 |
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Results Expected** Expected | Company Name | Fin. Date | 31/07/2013 | AQUARIUS | June 2013 (Q) | 31/07/2013 | AQUARIUSCVT | June 2013 (Q) | 31/07/2013 | BATS | June 2013 (Interim) | 31/07/2013 | CAPITAL | June 2013 (Interim) | 31/07/2013 | KIBO | March 2013 (Interim) |
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Recent Dividends** Share Name | Dec-Date | LDT | Pay-Date | Amount | OANDO | 29/07/2013 | 01/08/2013 | 30/08/2013 | R 0.7500 | CULINAN5.5 | 26/07/2013 | 16/08/2013 | 26/08/2013 | R 0.0550 | ANGLO | 26/07/2013 | 08/08/2013 | 12/09/2013 | R 0.3200 | AECI | 24/07/2013 | 30/08/2013 | 09/09/2013 | R 1.0500 | KUMBA | 19/07/2013 | 08/08/2013 | 19/08/2013 | R 20.1000 |
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Ex Div** Share Name | Dec-Date | LDT | Pay-Date | Amount | SBR003 | 06/05/2013 | 26/07/2013 | 05/08/2013 | R 1.3600 | FOORDCMPS | 09/07/2013 | 26/07/2013 | 05/08/2013 | R 0.3000 | BRAIT | 05/06/2013 | 26/07/2013 | 05/08/2013 | R 0.2664 | INVPLC | 23/05/2013 | 26/07/2013 | 12/08/2013 | R 0.1000 | INVLTD | 23/05/2013 | 26/07/2013 | 12/08/2013 | R 0.1000 |
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Upcoming AGMs** Code | Company Name | Date | Status | SNV | Santova Ltd. | 30/07/2013 | Confirmed | TON | Tongaat Hulett Ltd. | 31/07/2013 | Confirmed | JDH | John Daniel Holdings Ltd. | 31/07/2013 | Confirmed | LHGP | Litha Healthcare Group Ltd. | 31/07/2013 | Confirmed | LHG | Litha Healthcare Group Ltd. | 31/07/2013 | Confirmed |
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