Financial Advisory & Intermediary Services Act (FAIS), 2002

This act, effective only in South Africa, aims to offer clients/investors as the consumer far greater protection than before. It regulates the quality of financial advice, as well as the selling of financial products.

For clients, it means they are entitled to full transparency and disclosure of information and fees on any financial product that is sold to the client.

Investment House Namibia (IHN) and IHN Konsult comply with this Act even though it is not effective in Namibia. For our clients it means that we are obliged to keep proper records of all transactions and client contacts, as well as complying with legislation aimed at addressing the quality of advice that is given.

In line with this law and to ensure that you get the best advice, Investment House Namibia (IHN), IHN Konsult and all our financial planners are licensed with Namfisa. All Investment House Namibia (IHN) and IHN Konsult financial planners will be able to show you a certificate of our/their licence on request.

In terms of FAIS, you will be requested by your financial planner to inter alia sign a mandate which will ensure that your investments are carried out in according to agreed parameters and shared understanding.