SWF selfwealth limited

Customer Thread, page-3

  1. Eqz
    3,874 Posts.
    lightbulb Created with Sketch. 1233
    Hmm what concerns me about Syfe is they co-mingle your cash account.

    The company itself is owned by a South African mob (Sanlam Private Wealth) - a some concerning media articles too:
    Disallowed/news/funds-management/afsl-deficiencies-identified-sanlam-private-wealth

    "Court said: “At one point, Sanlam had 42 CARs and 71 authorised representatives operating under its licence. Despite this, it had plainly inadequate resources and processes to ensure its diverse cohort of authorised entities complied with the law and to oversee those who used its licence to offer risky financial products to retail clients."

    I will keep digging before a make a decision - but in todays climate, you have to do your due diligence. Not uncommon for smaller brokers to do naughty things.

    I quite likely SelfWealth being Australian owned and operated. Syfe is mostly run by offshore India & Singapore team.
    https://www.linkedin.com/company/syfe/people/

    https://hotcopper.com.au/data/attachments/6915/6915478-62ad3aaa5a4c7045d97a9cb27c73f773.jpg




 
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