FSP Name: Holtzhausen Financial Services (Pty) Ltd
FSP Number: 10002
Key Individual: BJP Holtzhausen (ID: 5907115097082)
Representative: MM Holtzhausen (ID: 6405210070087)
Holtzhausen Financial Services is a proprietary limited company (Reg No. 1999/23849/07), wholly owned by the Benmar Family Trust. It employs two directors and four additional staff members, three of whom are administrative personnel.
The company does not hold any interest in product providers. It operates as a brokerage for employee benefits, medical schemes, life assurance, and investments, with broker contracts across multiple assurers, CIS managers, and LISPs. Provider details are available in our company profile and disclosure documents.
Holtzhausen Financial Services maintains a Satellite Front Office agreement with Sanlam Employee Benefits, trading as Holtzhausen Group Risk. Most group risk schemes are placed here due to superior administration support.
Potential conflicts may arise where this arrangement offers higher administrative fees than other regulated commissions. It is our policy to disclose all related fees and revenues clearly to clients.
Client premiums are paid into a dedicated account and transferred to Sanlam Employee Benefits. Operational fees are only transferred after risk premiums are confirmed as paid.
This policy aims to document existing conflict management procedures as required by the FAIS Act and Board Notice 58 of 2010. We commit to identifying, managing, and mitigating conflicts of interest in a structured and transparent way.
We are committed to conducting ethical and fair business, safeguarding stakeholder interests, and minimizing real or perceived conflicts of interest by:
A conflict may arise when we do not act objectively or in your best interest. This includes:
Any form of benefit exceeding R1,000 per annum, unless it is:
Equity or proprietary interest for which a fair value was paid, including dividends and profit shares.
We only accept financial interest from providers in forms allowed by legislation:
We aim to transition to fee-based remuneration where permitted. We do not exceed 30% commission from any one provider and avoid minimum targets or perverse incentives. Representatives receive a fixed salary plus performance bonuses.
We assess all potential conflicts where our interests may not align with client interests. Key examples:
We maintain a comprehensive conflict risk index, reviewed annually. Staff must report all conflicts to the Key Individual for assessment and action.
The policy is reviewed annually and forms part of the FSB compliance report. BJP Holtzhausen oversees monitoring, with compliance officer support. Non-compliance is subject to disciplinary action and may lead to dismissal or debarment.
All staff and reps must read Board Notice 58 and this policy, confirm understanding, and undergo annual refresher training. The Key Individual conducts regular spot checks for compliance.
No incentives are offered for:
Holtzhausen Financial Services maintains the following registers:
No current ownership interests or exclusive training obligations exist with product suppliers. Any future conflicts will be disclosed accordingly.
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