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Here's the deal: You may read the information on the site for free and ask questions. As and when I have the time I'll answer the questions on the website and add new articles. Please do not consider it to be advice - the only free investment advice is to apply your own mind. If you are worried about your investments, I am willing to have a look and improve it. If you are destitute I will try to help free of charge (but you join at the back of the queue). If you are not destitute then email me and we can agree a lower fee (percentage terms, repeating monthly, is fine) than you are currently charged. I have limited time available, and will prioritise the work accordingly, so please be patient. Email me at invest@freeinvestmentadvice.org detailing the situation for which you'd like advice. Rob Baker

General Code of Conduct

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(here's my notes on the General Code of Conduct - leaves out details & entire sections - e.g. direct marketing)

Section 16 of the FAIS Act requires a Code of Conduct to be drafted to ensure inter alia that those being rendered financial services:

To this end FSPs are required inter alia to:

A provider must supply the client with the following info in writing:

The provider rendering the financial service must provide the following info in writing:

A provider must at the commencement of any contact, visit or call initiated by the provider, explain the purpose thereof & at the earliest opportunity supply the information specified in the previous point.

A provider must:

Before give advice

Seek from the client info about his:

Identify the financial product which is appropriate to the client's risk profile & financial needs.

If the product is to replace an existing product, fully disclose the actual & potential financial implications, costs & consequences, including:

The provider providing advice must before the transaction notify the issuer of the existing long-term insurance contract of such advice.

If all the info for furnishing advice has not been provided, the provider must ensure that the client clearly understands that a full analysis in respecct of the client could not be undertaken & that there may be limitations on the appropriateness of the advice.

If the client elects to conclude a transaction that differs from that recommended, the adviser must advise the client to take particular care to consider whether any product selected is appropriate to the client's needs, objectives & circumstances.

Record of advice

Summary of info on which advice was based.

Financial products considered.

Financial product recommended, with an explanation of why the prouduct is likely to satisfy the client's identified needs & objectives.

Advertisements & direct marketing

If they contain performance data (including awards & rankings), must include reference to their source & date, and a warning that past performances are not necessarily indicative of future performances.

Illustrations, forecasts or hypothetical data must contain support in the form of clearly stated assumptions (including in respect of performance, returns, costs & charges) with a reasonable prospect of being met under current circumstances. Make it clear that they are not guaranteed and are for illustrative purposes only. Where returns or benefits are dependent on the performance of underlying assets or other variable market factors, this dependence should be made clear.

Readers should be warned of the risk of buying/selling a financial product.

If the investment value mentioned is not guaranteed, a warning should be provided that no guarantees are provided.

Complaints

Proviers must request that clients lodge complaints in writing, and maintain a record of complaints for 5 years. There are specific obligations on what clients must be informed of.

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Due to regulations, our emails and this entire website should be considered as having been set up for entertainment purposes alone. Expect errors and omissions. Investment in shares and other financial instruments should be conducted by professional investment experts only. Any use of the information on my websites, emails and newsletters is at your own risk, and by using it you agree that the owners of our websites, authors and associated parties wont be held liable for any losses suffered as a result of using the information. None of the information should be construed as being advice. Our newsletters, articles, discussions and website are not an offering for any investment. It represents only our and others' opinions. Any views expressed are provided for information purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest. Illustrations, forecasts or hypothetical data are not guaranteed and are provided for illustrative purposes only. There are risks involved in buying or selling a financial product. Past performance is not indicative of future performance. Any investment values given are not guaranteed. Investment returns can be volatile. When investing there is always the risk of losing all or a substantial amount of your investment, as well as the risk of illiquidity. There may be advertisements on some pages on this website, and we may earn income from these advertisements. We may earn commission on products invested in or annuities purchased. We cannot attest to the accuracy of the material presented here, and opinions expressed may be changed without prior notice. In any event our liability will be limited to R1, and any court cases must take place in Cape Town. Free Investment Advice is the trading name of South Africa Travel Online CC, a licensed Financial Service Provider (FSP number 43555). You may contact us at invest@freeinvestmentadvice.org