IN THE TWO YEARS THIS FIRM has been operational it has managed to build a solid business — reflected in its third-place overall ranking in our survey.
Rand Swiss is not a registered stockbroker but operates through a financial services provider licence. It provides good research and prides itself on transparency and bespoke financial solutions. It caters to all client archetypes, but focuses mainly on sophisticated executives. Now it wants to make stockbroking attractive for young savers. It presents workshops and seminars and offers tax-free savings accounts.
Clients with discretionary lump sums available are advised to consider bespoke managed private share portfolios or online execution accounts.
The affordable online trading platform is a powerful tool for active day traders. Third-party providers facilitate online trading. A wide variety of derivatives are available. CFDs are backed into Nedbank, Saxo Bank, Swissquote and Velocity Trade as counterparties.
The firm’s personalised approach is reflected by the fact that 88% of clients indicate that they have met with a representative from the firm in person. And they’re a happy bunch, with their ratings placing Rand Swiss fourth in the People’s Choice survey.