FAQ

No. It is important for any potential clients to understand that we are skilled professionals who charge for our advice and time. Should you wish to meet, a consultation fee is payable.

We will meet with you to understand your current financial situation, goals and objectives. Following a review of your financial situation, we will jointly determine the scope of services required and the assets for which we will assume management responsibility. The fee schedule and services retainer will then be determined accordingly.

Typically Luthuli Capital charges an annual fee for Investment Management Services. Our fees are based on a percentage of assets under management and the services provided. The fees are automatically withdrawn monthly. The fees are charged as follows:

Investment Amount Annual Fee Charged (Excl. Vat)

• R0.00 – R5m = 1.00%
• R5m – R10m = 0.75%
• R10m and above = 0.50%

The client advisor relationship includes working with both Mduduzi and Trudy. Generally, Mduduzi leads the strategy and investment session while Trudy coordinates estate-planning implementation.

Luthuli Capital is an authorised financial service provider and registered investment advisor and is completely independent. Our affiliates collaborate with us in holding your assets. They, along with us, will provide statements, tax documents, and online access. We are licensed with the following affiliates:

• Allan Gray
• Absa
• Glacier
• Stanlib
• Wealth Port
• Liberty Life
• Sanlam
• Momentum
• Discovery
• 1Life

Please refer to our website page for Mduduzi and Trudy’s bio. This will have a detailed explanation of their expertise and experience.

You want someone you can trust. We are independently and objectively looking after your best interest. You also want someone with experience. Our team has over 20 years of financial planning and investment combined experience. We are committed to helping individuals, families, and organisations utilise, grow, and protect their assets. We also strategise the efficient transfer of wealth and values to future generations.

Luthuli Capital has appointed Moonstone Compliance (Practice No 188) as its external compliance practice. Our Compliance Officer is Sharen Gerald and her contact details are as follows:

T: + (27) 11 969 1649
C: + (27) 83 662 2161
F: 083 399 1781
E: sgerald@moonstoneinfo.com
Postal Address: 25 Quantum Street, Technopark, Stellenbosch, 7600.

Most of our clients grant us discretion to conduct transactions within predetermined guidelines and levels of risk. Other clients have concentrated positions or extraordinary circumstances that require an ad hoc approach to their portfolio management.

No. We educate our clients on historical returns and provide frequent reviews to make sure their portfolios not only reflect changes in their lives and economic circumstances but also track long-term progress toward their defined goals.

Yes. Our structured equity account offers the possibility of a guaranteed return provided the markets remain positive over a rolling 5-year period. Speak to Mduduzi for a detailed explanation on how this account works and if it’s the right fit for you.

There have been no disciplinary actions taken against Mduduzi, Trudy, or Luthuli Capital. There are several government and professional regulatory organisations, such as the FSCA, FPI, SARB and CFP Board that keep records on the disciplinary history of financial planners and advisers. Luthuli Capital has been and is currently regulated by the aforementioned organisations and can provide you with written proof which shows that we have not been disciplined for any unlawful or unethical activities.

You let us know how we can best work with your other advisors. Our goal is to build a strong relationship with your advisors to complement and enhance their work. In some cases, we may serve as your project manager to ensure that your advisors have timely and accurate information. In all cases, our job is to work together, provide context and obtain the benefit of their expertise. As your wealth manager, we will be able to anticipate issues and opportunities that can be referred to your tax advisor, lawyer or other service providers, for prompt consideration and resolution.

If you start early enough, if you plan to retire in your 60s, and your advisor responds with a recommended withdrawal rate higher than 5%, strongly consider heading for the door. Numerous studies have shown that the withdrawal rate that would have survived any 30-year period over the past 130 or so years is just around 4%. It’s a very safe withdrawal rate, so some will argue that 5% is manageable if you can alter your lifestyle based on market conditions. But anything higher is taking on a big risk that you’ll outlive your money.

Your trust is paramount — trust in our knowledge, trust that your goals will become our goals and, above all, trust that your personal matters will be kept confidential. For more information on how we protect our clients’ privacy and uphold their confidentiality agreements, we invite you to review a copy of our Privacy Policy.

It’s important that your wealth manager be thinking about the ultimate goals of your portfolio and the probabilities of reaching those goals. We want our clients to understand how certain conditions will change their financial independence date and the annual amounts that they will have available to spend during retirement.