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Momentum
Securities
Bespoke investment solutions
We are always available
to discuss investment
opportunities and
to execute your
transactions.
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| investments | momentum securities | 2017
Contents
About us . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .4
Our solutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Discretionary (Managed) Portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Local . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Global . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Advisory portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Non-discretionary (Self-managed) portfolio . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. 4
Securities Based Lending (SBL) . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. 6
Use your shares as a source of liquidity . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . 6
Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Asset administration . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. 6
Institutional investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Trade in emerging markets and offshore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Custody and settlement . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. 6
Corporate access . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. 6
Client-centric investment process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Investment vehicles . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . ..7
Equities . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. 7
Derivatives . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. 7
Exchange-traded Funds (ETFs) and structured products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Tax-free savings accounts (TFSAs) . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. 7
Insights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Online services . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. .7
Contact us . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Disclaimer . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. 8
Our licence . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. 8
| investments | momentum securities | 2017
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About us
SP Reid was an established stockbroking company in South Africa, tracing its origin back to 1938, when the family
business was started.
In 2015, SP Reid was acquired by the leading insurance and investment company Momentum. Today Momentum SP
Reid Securities fulfils a wide range of clients’ niche stockbroking needs, underpinned by the support of one of South
Africa’s largest financial institutions.
We pride ourselves on product innovation and client service. One of our key strengths is our ability to devise
solutions for your individual needs, with all of our expertise at your disposal.
We are a trusted partner committed to helping you fulfil your lifelong financial goals on your journey to financial
wellness. We provide solutions to suit your individual circumstances and offer advice, products and services to build
enduring relationships.
Our solutions
Discretionary (Managed) Portfolio
We will buy and sell securities on your behalf, taking your investment objectives and risk profile into consideration.
This is done by making use of our core investment profiles.
Local
• Core Equity Portfolio,
• Balanced Portfolio,
• High Dividend Portfolio, and
• Focused Core Equity Portfolio.
Alternatively, if you have a specific objective(s), a bespoke portfolio can be designed to meet your specific requirements.
A minimum initial investment of R250 000 applies.
Global
To improve the geographical diversification of your investments we offer several global portfolios:
• Global ETF Portfolio (Below $80 000),
• Global ETF Portfolio Multiple ($80 000 to $200 000),
• Global Focused Portfolio ($80 000 to $200 000), and
• Offshore Direct Portfolio (above $200 000).
Advisory portfolio
Our unrivaled team of experts will guide you through the investment process allowing you to customise your desired
level of involvement, while making informed decisions.
A minimum initial investment of R250 000 applies.
Non-discretionary (Self-managed) portfolio
If you want to participate in the management of your investments, we let you take the reigns. We are always available
to execute your transactions or to discuss investment opportunities.
No minimum investment amount applies.
Did you know?
For your convenience, this document has been embedded with an innovative QR codeTM. Please use
any mobile device to scan this QR codeTM to acquire further information about Momentum Securities’
comprehensive investment offering.
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| investments | momentum securities | 2017
We are a trusted partner
committed to helping you
fulfil your lifelong financial
goals on your journey to
financial wellness.
| investments | momentum securities | 2017
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Securities Based Lending (SBL)
Use your shares as a source of liquidity
Through the Securities Based Lending (SBL) facility, you can use the gearing power of your share portfolio to access
the funding you need to act on important opportunities while keeping your long-term investment objectives intact.
We accept Top100 listed JSE shares as collateral. Please note that eligibility criteria apply.
Benefits
• Streamlined application process (three to five days approval process);
• No Capital Gains Tax (CGT) event (no need to sell your shares in the portfolio in order to raise cash);
• One account (securities and loan consolidated in one account);
• No initial structure or administration charges, market-related interest rate;
• No fixed repayment terms;
• No pre-payment penalties; and
• Single provider service (your Momentum SP Reid Securities Relationship Manager will assist you with the
application process).
Asset administration
A vital component of a stockbroking operation is the effective settlement and administration of your assets.
Our services include:
• Management of assets and the holding of these assets with a registered Central Securities Depository Participant
(CSDP) on behalf of a trust, corporate and individual clients;
• Administration of corporate actions on behalf of clients and proactive client notification with respect to the rights
issues, share splits and name changes; and
• Management of estate late evaluations ensuring that the stipulations in your will are accurately carried out.
Institutional investors
Trade in emerging markets and offshore
A passionate institutional team provides you with opportunities to trade in emerging and offshore markets. We aim
to deliver effective and efficient service, drawing on our unrivaled experience trading on the African continent. We
have established strong trading relationships with leading in-country financial advisers to ensure that all trades are
executed in the best interests of our clients.
We have a vast custodial network and execution capabilities in 17 African countries. A single mandate between us
and you means that you are able to trade wherever you have interests and have access to all the major centres, from
New York and the European stock exchanges to stock markets in Africa and the East.
We use two main platforms to accept and route international orders – IRESS Pro and the Execution Management
System (EMSX) via Bloomberg; for South African orders, we can also supply direct market access enabled by
Financial Information eXchange (FIX).
Custody and settlement
We are able to provide custody at highly competitive rates, held through reputable global custodians. This includes
processing cross-border securities trades and safe keeping of your financial assets. We comply with the rules and
regulations of the jurisdictions in which we operate. Our experienced and efficient team ensure that settlements are
executed smoothly and that the foreign exchange leg of any international transaction is processed efficiently and timeously.
Corporate access
There is a growing demand for investors to have access to corporate management and vice versa, so we offer various
platforms for corporate access tailor-made to suit your needs. We are able to host conference calls on behalf of companies
or arrange one-on-one calls for you. Through our trusted relationships in South Africa and the rest of the continent we can
arrange bespoke in-country corporate access trips with the desired level of organisation and management.
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| investments | momentum securities | 2017
Client-centric investment process
Constant
portfolio
assessment
International
and macroresearch
Client investment
objectives
and risk profile
Investment
execution
Client portfolio
appropriate investment
mix and risk tolerance
Local and offshore
asset allocation
and stock selection
Investment
strategy and policy
Investment
research
Investment vehicles
Equities
As a member of the JSE, we are approved to trade in, and manage share investments on behalf of individuals and
institutions. With more than 30 focused dealers and portfolio managers, we have the expertise to assist you in every
area of the market.
Derivatives
The South African derivatives market was established in the early 1990s and has developed rapidly since then.
Derivatives can be used to alter your exposure, reduce or leverage your risk, and protect larger positions against
unexpected market movements.
We are a financial derivatives member of the South African Futures Exchange (Safex) and a member of the Interest
Rate and Currency market (IRC and Yield-X). We offer an advanced trading solution in over-the-counter derivatives
for clients who prefer contracts for difference (CFDs).
We can execute and provide advice on trading in all South African derivative products from index futures and options
to single-stock futures on JSE-listed shares, international stocks, CFDs, warrants and currencies.
Exchange-traded Funds (ETFs) and structured products
You are able to invest in exchange-traded funds (ETFs) and structured products listed on the JSE, providing
increased diversification and lower costs to suit your needs.
Tax-free savings accounts (TFSAs)
A low-cost solution for South African individuals that complies with tax-free savings account (TFSA) legislation.
Investments are limited to R33 000 per year and you have access to eligible ETFs.
Insights
Our dedicated research team covers most major listed shares in sub-Saharan markets, with annual sector reports
focused on individual equities. These sought-after reports allow for ease of reference across sectors and themes
throughout the African continent.
Online services
We offer direct access to each of the exchanges we operate in, and portfolio management tools. Allowing you to stay
ahead of market developments, analyse your investments, trade directly and be in control of your financial assets.
| investments | momentum securities | 2017
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Contact us
Talk to us
+27 (0) 11 550 6270
Fax us
+27 (0) 11 550 6295
Mail us
[email protected]
Visit us
momentum.co.za/securities
Block 3
257 Oxford Road
Ground Floor
Illovo, Johannesburg
2196
Write to us
PO Box 969
Johannesburg
South Africa
2000
268 West Avenue Centurion 0157 PO Box 7400 Centurion 0046 South Africa
ShareCall 0860 00 01 07 Fax +27 86 584 0214 www.momentum.co.za
Opinions expressed in this document are those held as at the date appearing in this material only. The information and opinions provided are of
a general nature and are not intended to constitute advice as contemplated in the Financial Advisory and Intermediary Services Act (FAIS Act).
Some information used to prepare this document is from third party sources and whilst every effort has been made to ensure the
accuracy and validity of the data, Momentum SP Reid Securities cannot guarantee the accuracy or completeness of such information, nor
can it guarantee that such information is always up to date. Momentum SP Reid Securities shall not be liable or responsible for any use
of this document or to any other person or entity for any inaccuracy of information contained in this document or any errors or omissions
in its content, regardless of the cause of such inaccuracy, error or omission.
This publication is not intended to give legal, tax, accounting, exchange control or any other professional advice. No reader should
act on the basis of any matter contained in this publication without considering and taking appropriate advice on their own particular
circumstances.
Past performance is not necessarily indicative of future performance. An investor whose reference currency differs from that in which
the fund is denominated may be subject to exchange rate movements, which may cause fluctuations in the value of their investments. In
addition, investments involving exposure to a currency other than that in which the fund is denominated, may also fluctuate in value.
Momentum SP Reid Securities (Pty) Limited is an authorised financial and credit provider Registration number: 1974/000041/07
A member of the JSE Ltd FSB license number 29547 NCR CP 2518
OBI Momentum Securities 02/2017 V1