“ 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

Top Private Banks and Wealth Managers Survey 2017

Standard Bank emerges as the Top Private Bank & Wealth Manager of the Year.

Last year’s overall winner, Sanlam Private Wealth, put in another strong performance to secure second place, holding off a surging Nedbank Private Wealth, which displaces PSG Wealth from third place.

But the eye-opening move comes from one of the smaller players, Brenthurst Wealth Management, which wins the Top Wealth Management Boutique award and secures fifth place in the overall rankings, ahead of some of the bigger, muscular players in the market.

Verso Wealth, in its debut year of participation in our survey, wins the People’s Choice award as Top Wealth Manager. In the private banks category, Investec Private Bank wins the People’s Choice award for the fifth time – a truly remarkable achievement. It is clearly a cut above the rest when it comes to its ability to satisfy clients.

Verso Wealth is a new company to the survey but was formed in 2015 through a merger with Galileo Capital Grow, a unit of Galileo Capital which won this same award last year. Clearly, Verso is maintaining the high standards of customer service.

This year almost 6,000 clients participated in the online survey – a massive increase on last year when 2,732 clients participated. The high number of participants entrenches the credibility of the survey findings.

The top three firms overall, Standard, Sanlam and Nedbank, between them hoovered up all the archetype awards, awarded to firms that best cater to a specific income segment.

Click here for Intellidex’s summary report on the survey, or click here for FM Investor’s Monthly survey coverage.