“ This year, as well as in 2016, the bulk of assets under management per client were between R3m and R10m ”

- 2017 Top Private Banks & Wealth Managers survey

“ 60% of private bank clients rate the quality of advice they receive as ‘very good’ or ‘excellent’ ”

- 2017 Top Private Banks & Wealth Managers survey

“ 57% of clients rate their broker's service as excellent, up from 40% last year ”

- 2017 Top Stockbrokers survey

“ 6% of stockbroker clients execute trades worth more than R100,000 a month ”

- 2017 Top Stockbrokers survey

“ 40% of stockbroker clients average monthly trades of R5,000 or less ”

- 2017 Top Stockbrokers survey

“ 42% of clients chose their broker through word-of-mouth recommendations ”

- 2017 Top Stockbrokers survey

“ Of the 100 largest JSE-listed companies, 87 conducted BEE deals, 35 of which included public benefit organisations ”

- 2017 Empowerment Endowment

“ R32.6bn in endowments are now held by foundations set up as a result of BEE deals that will support charitable activities ”

- 2017 Empowerment Endowment

“ The percentage of wealth management clients who are “extremely likely” to recommend their institution declined to 53% from 78% last year ”

- 2017 Top Private Banks & Wealth Managers survey

“ This year, 35% of wealth management clients say they receive excellent value for money, down from 54% last year ”

- 2017 Top Private Banks & Wealth Managers survey

“ More than 70% of wealth management clients rate the quality of the advice they receive as ‘very good’ or ‘excellent’ ”

- 2017 Top Private Banks & Wealth Managers survey

“ R51.6bn value created specifically for charitable recipients through BEE deals ”

- 2017 Empowerment Endowment
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Researching Capital Markets and Financial Services


SBG comes out tops in Ranking the Analysts survey

SBG Securities, the institutional stockbroker of the Standard Bank Group, tops the research rankings in this year’s FM ratings. It is the first time an SA-owned and operated broker has topped the tables in recent memory, edging last year’s top-rated firm, UBS, into third place after four years at the top. RMB Morgan Stanley gained a position to place second.

SBG raced up the rankings from fifth place last year. This year, its analysts took 35 finalist positions in the sector categories compared with 26 last year. It topped the rankings for several large sectors including beverages, insurance and telecommunications. That was helped by Rey Wium, who moved from Renaissance Capital to SBG last year. He took the top ranking in an unprecedented four different sectors.

Read the full report here.


FM Ranking the Analysts survey kicks off

The survey to determine SA’s top-ranked research analysts is under way. Candidates have been nominated and the voting process is kicking off.

Intellidex is conducting the research for the 2016 Financial Mail Ranking the Analysts survey for the third year with the results scheduled to be published to coincide with the awards ceremony on 25 May.

The prestigious survey has for many years been the leading assessment of institutional stockbrokers in SA.

One widely welcomed move last year was the introduction of the Young Analyst of the Year award, open to analysts under the age of 30. We will be presenting this awards again this year and believe it will become an integral part of the survey in the years ahead.

For more information and results of previous surveys, click here.

GT247 ranked SA’s Top Stockbroker

GT247 is the Top Stockbroker of the Year, surging from a tie for third last year to displace Standard Online Share Trading/Stockbroking from top spot.

Sanlam Private Wealth/iTrade Online wins our inaugural award as SA’s top telephone-based broker and IG South Africa is SA’s top online broker.

GT247 CEO Charles Savage, centre, receives the Top Stockbroker award with FM Investors Monthly editor Rob Rose, left, and Intellidex chairman Stuart Theobald.

GT247 CEO Charles Savage, centre, receives the Top Stockbroker award with FM Investors Monthly editor Rob Rose, left, and Intellidex chairman Stuart Theobald.

The survey format changed substantially this year with more emphasis placed on specific offerings to clients and client satisfaction ratings, and less emphasis on how stockbrokers would cater to different client archetypes. An important facet of this year’s survey was to provide more recognition to telephone brokers, those that still give old-fashioned investment advice to clients and who focus on building long-term relationships.

The People’s Choice award goes to DWT Securities with special recognition to GT247 for providing the best tax-free savings account and to Vunani Private Clients for having the best CFDs offering.

Intellidex’s survey of SA’s stockbrokers is in its sixth year and has established itself as the leading assessment of the industry. The survey is conducted by Intellidex, a specialist financial research house.

The structure and nature of the survey has been informed by our experience built up over the past five surveys, as well feedback from the stockbroking community and stockbroking clients.

The research follows three legs. First, a comprehensive questionnaire is sent to stockbrokers, asking for details of their products, pricing and market positioning. Second, a mystery shopping and desktop research exercise is undertaken by Intellidex analysts to verify information provided and assess transparency and responsiveness. And finally, a major online survey is undertaken of retail stockbroking clients.

An in-depth analysis of the results is undertaken, allocating scores to each stockbroker’s performance in various categories based on the information provided, our own assessments and feedback from the client survey. The point weightings are generally guided by the range in the market, so for example when calculating value for money the cheapest broker is scored 5/5 and the most expensive is scored 1/5. Points are awarded proportionately to the brokers between these extremes.

The full results and report were published in the September issue of the Financial Mail Investors Monthly magazine and can be accessed online here. Below is a summary of the main results.

Top Stockbroker of the Year: GT247.com

Top Online Broker: IG South Africa

Top Telephone Broker: Sanlam Private Wealth/iTrade

People’s Choice Award: DWT Securities

Top CFD Provider: Vunani Private Clients

Top Tax Free Savings Account Provider: GT247.com