Momentum Securities Account Type

Momentum Securities offers a variety of account types to cater to different investment preferences and strategies. The primary account types include:

• Discretionary (Managed) Portfolio:
• This account type allows Momentum Securities to buy and sell securities on behalf of the client, considering their investment objectives and risk profile.
• A minimum initial investment of R250,000 is required.
• Advisory Portfolio:
• Clients receive guidance from experts throughout the investment process while maintaining a level of involvement in decision-making.
• A minimum initial investment of R250,000 applies.
• Non-Discretionary (Self-Managed) Portfolio:
• Clients have the freedom to manage their investments directly, with Momentum Securities available to execute transactions or discuss opportunities.
• There is no minimum investment amount required.
• Securities-Based Lending (SBL):
• Clients can leverage their share portfolio to access liquidity without selling their shares.
• The application process is streamlined with a 3-5 days approval.

Momentum Securities Broker Account Opening Process

To open an account with Momentum Securities, follow these steps:

• Visit the Website: Go to the Momentum Securities website.
• Choose Account Type: Select the type of account you wish to open (e.g., Discretionary, Advisory, Non-Discretionary).
• Online Application: Complete the online application form, including the FICA process.
• Submit Documentation: Provide necessary documentation as required for compliance.
• Initial Deposit: Make the initial deposit based on the account type selected (if applicable).
• Confirmation: Await confirmation from Momentum Securities regarding the activation of your account.

For assistance, clients can contact Momentum Securities at +27 (0) 11 550 6270 or through their customer support email.