Disclosure | Disclaimer

DISCLOSURE

CONFIRMATION OF ACQUISITION BY STONEHOUSE CAPITAL (PROPRIETARY) LIMITED OF AN INTEREST IN BRENTHURST WEALTH MANAGEMENT (PROPRIETARY) LIMITED

We confirm that StoneHouse Capital (Pty) Ltd (‘StoneHouse“) has acquired a 26% shareholding in our company. StoneHouse acquires minority interests in leading boutique wealth and asset management businesses in South Africa. As part of the acquisition process, StoneHouse conducted a thorough due diligence on our company and the resultant acquisition confirms our position as a leading boutique financial services company. We will continue to operate as an independent financial advisory firm, which is owner managed and controlled.
StoneHouse’s investment in our business brings with it many advantages which include long term succession options, access to a pool of intellectual capital and a growing national brand strategy. StoneHouse’s holding company, Liberty Holdings Ltd (“Liberty”), is a member of the Standard Bank Group of companies and has been operating in South Africa for over fifty years. Liberty is the holding company of STANLIB Collective Investments Ltd (“STANLIB“) which is a manager of certain of the funds in which we advise our clients to invest from time to time. StoneHouse has further agreed to licence the StoneHouse brand to us and has undertaken to procure benefits, which include preferential pricing structures, for all our clients. As part of the transaction we have agreed to invest a portion of clients’ assets with STANLIB for asset management and/or administrative purposes and which may include assets which we manage on your behalf. However, it is an express term of the transaction that we shall not be obliged to make any investments with STANLIB, which are not in our clients best interests.  

We confirm our commitment that our analysis and overall recommendation to you would be based on our analyses and assessment of your financial and security needs and at all times, we will invest your funds in the most appropriate investment product.

Should you require additional information, we would be pleased to assist you.  

DISCLAIMER

The information and opinions contained in this document are recorded and expressed in good faith and in reliance on sources believed to be reliable. However, no representation, warranty, undertaking or guarantee of whatever nature is made or given concerning the accuracy and/or completeness of such information and/or the correctness of such opinions. Any investment is speculative and involves significant risks and in making any investment decision, you will rely solely on your own review and examination of the facts and the records relating to such investment. Past performance of the investment is not an indication of the future performance. Brenthurst Wealth Management (PTY) LTD shall have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in connection with the reliance by you, on the contents of this document.