Company overview

Chrome Wealth Strategy Solutions (Pty) Ltd.

Chrome Wealth Strategy Solutions (Pty) Limited (“Chrome WSS”), previously called Axia Life Settlements (Pty) Limited and trading as Axia, obtained its Category II license in May 2014.

Key staff

Andrew Bradley

B.Com (LLB), CFP

Andrew has been in the financial services industry for just under 30 years. His experience includes financial planning, wealth management, asset management in direct securities as well as multi-management, private client securities, fiduciary services, offshore and local investment platforms, local and offshore unit trust funds.  Andrew’s experience covers the following: Senior Legal Adviser at Old Mutual (1989 – 1992), Distribution Manager at UAL Investment Planning Services (1992 – 1993), Head of Investec Private Bank and Unit Trust Management Company (1993 – 1995), Director at Fincorp Financial Planning Services (1995 – 1998), Managing Director of Brait Unit Trust Management Company (1998 – 1999), CEO of Acsis South Africa Group (1999 -2011), CEO of Old Mutual Wealth (2012 – 2016), and most recently as CEO of Fiscal Private Client Services.

Andrew has a B.Com. (LLB) and has completed the Advanced Management Program at Harvard Business School.   He is also a CFP® professional, has a Postgraduate Diploma in Financial Planning and is a member of the Financial Planning Institute.

Jürgen Scherzinger

Jürgen has a strong practical engineering background and spent a number of years as Senior Business Analyst at one of South Africa’s leading retail chains. He subsequently set up a consultancy business specialising in systems, efficiencies and technology for the financial services industry. Jürgen joined Acsis in 2001, a financial planning and asset consulting business, as Head of Operations and was responsible for all aspects of operations for several years.  He was subsequently appointed CEO of Acsis and in this role was instrumental in merging Acsis with Old Mutual Wealth.  He joined Old Mutual Wealth in 2013 as Chief Operating Officer, a position he held for 3 years.

Des Lambrecht

Des has been in the financial services industry for the last 26 years, working in various operational and technology roles. These roles included Lead Business Analyst and Business Applications Manager at Acsis Limited & Old Mutual Wealth. Des joined Old Mutual Private Wealth Management as Head of New Capabilities and Business Technology. In 2016 Des re-joined Old Mutual Wealth as the Head of Business Technology Design.

In 2018 Des joined Chrome Wealth as Head of Business Technology Solutions.

Des has a B.Com and Postgraduate Diploma in Systems Analysis.

Zulfa Toffar

Zulfa has been in the financial services industry for the past 20 years, holding various client service roles. She later became the Team Leader for Acsis Client Service, where she contributed to Death Claim Trustee meetings and several financial projects. In 2013, Zulfa joined Old Mutual Wealth as the Client Service Team Leader. In 2017, she joined the Fiscal Client Services Team and was subsequently appointed as the Head of Client Service at Chrome Wealth.

Michael Cloete

 

Michael has a wide range of experience ranging from consulting (systems implementation and project management) to executive business management at CFO, COO and MD level, including in a listed group manufacturing subsidiary, with corporate governance and risk management responsibilities.

He is a member of SAICA and his qualifications are B.Comm, CA(SA), PGDipTax law (all from UCT).

Contact details

Fund details

This is a multi-asset medium equity portfolio. The investment objective of the portfolio is to provide investors with fairly steady capital growth.  The portfolio maintains a medium risk profile and the portfolio’s equity exposure will be limited to a maximum of 60% of the portfolio’s net asset value.  Investments to be included in the portfolio may, apart from assets in liquid form, consist of equity securities, non-equity securities, convertible stock, preference shares and property securities as well as any other securities which are considered consistent with the portfolio’s primary objective and that the Act may allow from time to time.

The portfolio may also include participatory interests in portfolios of collective investment schemes or other similar collective investment schemes registered in the Republic of South Africa or of participatory interests in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the Manager and the Trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa.

The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio’s investment objective.

This is a multi-asset medium equity portfolio. The investment objective of the portfolio is to provide investors with capital growth while maintaining a moderate level of income while targeting inflation plus 3-4% over periods of five years and longer.  The portfolio maintains a moderate risk profile and the portfolio’s equity exposure will typically lie between 40% and 60% of the net asset value of the portfolio. The property exposure will lie between 10% and 25%, while the cash exposure while the cash exposure will be between 0% and 75% and all other non-equity exposure will be between 0% and 80% of the net asset value of the portfolio.

Investments to be included in the portfolio may, apart from assets in liquid form, consist of equity securities, non-equity securities, convertible stock, preference shares and property securities as well as any other securities which are considered consistent with the portfolio’s primary objective and that the Act may allow from time to time.

This is a multi-asset high equity portfolio. The investment objective of the portfolio is to deliver long term capital growth while targeting inflation plus 4% over periods of seven years and longer.  The portfolio maintains a higher risk profile and the portfolio’s equity exposure will be limited to a maximum of 75% of the portfolio’s net asset value. The portfolio will comply with prudential investment guidelines to the extent allowed by the Act.

The portfolio may also include participatory interests in portfolios of collective investment schemes or other similar collective investment schemes registered in the Republic of South Africa or of participatory interests in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the Manager and the Trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa.

The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio’s investment objective.

This is a worldwide multi asset flexible portfolio. The investment objective of the portfolio is to target a return of inflation plus 5% and higher over periods of ten years and longer while delivering the highest possible sustainable returns by investing in local and global equity securities and non-equity securities.  The portfolio maintains a high risk profile and shall have a maximum flexibility to vary assets between various markets, asset classes and countries to reflect the changing economic and market conditions.

Investments to be included in the portfolio may, apart from assets in liquid form, consist of equity securities, non-equity securities, convertible stock, preference shares and property securities as well as any other securities which are considered consistent with the portfolio’s primary objective and that the Act may allow from time to time.

The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio’s investment objective.

The Chrome Ci Global Maximum Return Feeder Fund is a Feeder Fund. The investment objective of the portfolio is to provide long term capital growth in excess of G7 inflation plus 4% by providing investors with exposure to an international collective investment scheme portfolio comprising a diversified mix of global exposure to various asset classes.

The Global Maximum Return Fund, the target portfolio, will diversify investments across various asset classes whilst investing a minimum of 40% of the Net Asset Value of the Fund directly in global equity securities and/or indirectly through investment in Underlying Funds. The portfolio is not focused on any specific geographical area, industry or sector. The portfolio intends to invest principally in transferable securities in the form of global equities (such as shares and common stock) and global equity related securities (securities with equity characteristics or conferring the right to acquire equity securities, such as depositary receipts and preference shares), real estate investment trusts (REITS) and global bonds (which may be government and/or corporate, fixed and/or floating, rated and/or unrated) which are listed on Recognised Markets. It may also invest up to 100% of its Net Asset Value in cash and/or cash equivalents (including, but not limited to, US Treasury Bills, cash deposits, commercial paper, short-term money market instruments and certificates of deposit) for cash flow purposes or as part of a temporary defensive strategy or where the Investment Manager believes that economic, financial and political conditions make it advisable to do so.

Investments to be included in the Chrome Ci Global Maximum Return Feeder Fund will, apart from assets in liquid form, consist solely of participatory interests of only one collective investment scheme portfolio, namely the Global Maximum Return Fund, being a sub-Fund of Ci Global Investments RIAIF ICAV, an open-ended umbrella type investment company with segregated liability between Funds, authorised by the Central Bank of Ireland.

The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio’s investment objective.

The Chrome Ci Global Inflation Plus Feeder Fund is a Feeder Fund. The investment objective of the portfolio is to provide long term capital growth in excess of G7 inflation by providing investors with exposure to an international collective investment scheme portfolio comprising a diversified mix of global exposure to various asset classes.

The Global Inflation Plus Fund, the target portfolio, will diversify investments across various asset classes whilst investing a maximum of 60% of the Net Asset Value of the Fund directly in global equity securities and/or indirectly through investment in Underlying Funds. The portfolio is not focused on any specific geographical area, industry or sector. The portfolio intends to invest principally in transferable securities in the form of global equities (such as shares and common stock) and global equity related securities (securities with equity characteristics or conferring the right to acquire equity securities, such as depositary receipts and preference shares), real estate investment trusts (REITS) and global bonds (which may be government and/or corporate, fixed and/or floating, rated and/or unrated) which are listed on Recognised Markets. It may also invest up to 100% of its Net Asset Value in cash and/or cash equivalents (including, but not limited to, US Treasury Bills, cash deposits, commercial paper, short-term money market instruments and certificates of deposit) for cash flow purposes or as part of a temporary defensive strategy or where the Investment Manager believes that economic, financial and political conditions make it advisable to do so.

The target portfolio may invest up to 100% of its Net Asset Value in the units and/or shares of underlying funds which provide exposure to the asset classes in which the portfolio can directly invest, subject to a maximum exposure of any one underlying fund not exceeding 20% of its Net Asset Value in unregulated funds.

Minimum Disclosure Documents (MDDs)

Chrome Ci Defensive Fund
Chrome Ci Growth Fund
Chrome Ci Maximum Return Fund
Chrome Ci Moderate Fund
Chrome Ci Global Maximum Return Feeder Fund
Chrome Ci Global Inflation Plus Feeder Fund