“ Number of private bank and wealth manager clients climbs 5% in the past year ”

- 2016 Top Private Banks & Wealth Managers survey

“ Increasing demand by clients to move investments offshore ”

- 2016 Top Private Banks & Wealth Managers survey

“ Only 4% of SA's fresh fruit is exported to Africa ”

- 2014 NDP Report

“ NDP aims to ensure an African language is taught in every school by 2019 from 10% currently ”

- 2014 NDP Report

“ NDP aims to improve life expectancy from 61.3 years to 70 years by 2030 ”

- NDP Report 2014

“ 28% of stockbroking clients trade ETFs, up from 18% in 2013 ”

- 2015 Top Stockbrokers Survey

“ 14% of stockbroking clients trade CFDs, down from 21% in 2013 ”

- 2015 Top Stockbrokers Survey

“ 90% of stockbroker clients are long-only equities traders ”

- 2015 Top Stockbrokers Survey

“ NDP target: 90% of households to have minimum sanitation standards by 2019 from 84% now ”

- 2014 NDP Report

“ Total revenue for wealth firms and private banks grew by an average of 22% in the past year ”

- 2016 Top Private Banks & Wealth Managers survey

“ Asset managers applying pressure to justify costs of research ”

- 2016 Ranking the Analysts survey

“ Regulators want asset managers to justify costs to end clients ”

- 2016 Ranking the Analysts survey

“ NDP goal: by 2019, 75% of pupils in grades 3, 6 and 9 should score at least 50% in literacy, maths and science ”

- 2014 NDP Report

“ 83% of clients rate their stockbroker ‘good’ or ‘excellent’ ”

- 2015 Top Stockbrokers Survey

“ 60% of stockbroker clients execute only one to three trades a month and 6% do more than 12 ”

- 2015 Top Stockbrokers Survey

“ Separating research and execution costs proving difficult ”

- 2016 Ranking the Analysts survey

“ Analyst time still skewed towards those firms that pay a lot for dealing ”

- 2016 Ranking the Analysts survey

“ Private banks and wealth managers manage assets worth close to R700bn ”

- 2016 Top Private Banks & Wealth Managers survey

“ The total value generated from BEE deals by the top 100 JSE-listed companies in the 20 years to end-2014 is R317bn ”

- The value of BEE deals

“ Staff schemes have gained R52bn in BEE deals by the top 100 JSE-listed companies over 20 years ”

- The value of BEE deals

“ Strategic investors have gained R196bn in BEE deals by the top 100 JSE-listed companies over 20 years ”

- The value of BEE deals

“ Community schemes have gained R69bn in BEE deals by the top 100 JSE-listed companies over 20 years ”

- The value of BEE deals

“ Mining has been the biggest creator of value in both absolute and relative terms in total BEE deals by the top 100 JSE-listed companies ”

- The value of BEE deals

“ Website security and platform efficiency are the most important factors to stockbroker clients ”

- 2015 Top Stockbrokers Survey
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Researching Capital Markets and Financial Services

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