MaxVest (Pty) Ltd Corporate profile
Since 2005 MaxVest has structured fractional investments that maximize wealth. As experts in fractionalization we make the right investment, at the right time, in the right asset and in the right location. MaxVest offers clients the ability to balance capital growth,income or lifestyle objectives in their portfolios.
Some solutions are aimed at maximizing growth; some optimize income, while others focus on lifestyle experiences such as exclusive holiday destinations and access to glamorous toys. Through a financial instrument called fractionalization, we open doors to international opportunities in high monetary value assets,which would otherwise not be accessible to individuals.
Our solutions provide a balance between the benefits of income, capital growth and the exclusive lifestyle you want. Our fractionalized solutions are based in hard currency such as Pound Sterling or the US Dollar, allowing you to grow and protect the wealth you have created by hedging against your local currency.
One of the great advantages of investing through MaxVest is the opportunity to be actively involved in your own investment company. MaxVest provides investors the opportunity to be a part of their own exclusive offshore investment business, structured as a limited company. As shareholders, investors have full control of their investment company and are invited to serve on the board of this company.
Our focus is on being a world-class company; to constantly improve our services, products, systems and processes, supported by world-class human resources, partners and suppliers. Our Mission is to be the industry benchmark for returns on time and money invested by our clients, our partners, our employees, and our shareholders through sound, intelligent and well-managed investment opportunities.
Jeanne-Pierre Dippenaar (Chief Executive Officer) BSc MaxVest is the brainchild of Jeanne-Pierre, better known as JP. He has vast experience in systems development, automation and optimization. By combining this with his expert analytical and business management proficiency he is still the driving force behind this company and continues to take it from strength to strength.
Gert Cruywagen (Chairman) MBSc (ANCES), PMD (UDW) PhD (UAS) Gert is currently group risk manager for SAPPI Ltd, serves as a Director for Ferroshure (South Africa) and is a Fellow for the Institute or Risk Management SA. He has held senior positions with Mittal Steel Group, Iscor Group, Risk Management Federation of SA (President), SA Risk and Insurance Management Assoc, and has served on the boards of Ferroshure (Isle of Man), Ispat International Insurance Company (Guernsey) and the Risk Management Workgroup of the King 2 and King 3 Committee on Corporate Governance.
Chris Luyt (Director: Sales and Marketing) BA Hon MBA CM(SA) Chris has extensive experience in marketing-, client services-, risk-, quality-, as well as information and project management. He has served as Chief Marketing Officer for a variety of established companies and he is a member of a very exclusive group of chartered marketers in South Africa. He is characterized by his strong entrepreneurial flair.
Deon Wolfaardt (Non-executive Director: Finance) B.Com Hon H Dip Tax Deon has been responsible for business development and corporate asset based finance at Nedbank and the University of Pretoria. He was a financial consultant for high net worth individuals at Rand Merchant Bank before heading a Forex trading training company in Sydney, Australia.
Johann Grosskopf (Non-executive Director: Legal and Licencing) BCom LLM (UP) Johann articled specializing in the drafting of commercial agreements, specifically intellectual property rights, sales of businesses and franchise agreements. In 2007 Johann opened his own practice, Grosskopf Attorneys. He also manages a legal call centre providing legal assistance to 60 000 policyholders.
Michael Harvie (Director: Compliance) BCom CFP MBA Michael has significant experience in Project Management, Financial Planning and Taxation and also has investment and corporate banking experience.
Q&A with JP Dippenaar
MaxVest (Pty) Ltd
MaxVest (Pty) Ltd
Does Max Vest only offer fractional ownership of holiday homes?
[JP] No. MaxVest is the only provider with products in various asset classes and geographical areas. These include commercial property, residential property, equities on the New York Stock Exchange and even venture capital opportunities.
Where in the world can an investor – invest with Max Vest?
[JP] We currently have products in the USA (equities on the NYSE), UK (residential), Dubai (commercial) and South Africa (fractional ownership, commercial and venture capital). Our wide range of products, geographical spread and currency options allow clients and investors to spread their portfolio and in doing so minimize risk and maximize return on their investment.
Which of your current products is generating the most interest?
[JP] Our fractional ownership products in South Africa and the commercial property in Dubai is very popular. Fractional ownership in South Africa is definitely on the up and we are confident our supporting products and services are well positioned to capitalize on this. Dubai commercial has always and will remain a very good investment over the medium to long term.
What does ifractionalize offer a person that intends fractionalising an asset?
[JP] ifractionalize is a consultation service which assists clients to “fractionalize” their assets. Very often this entails creating a fractional ownership product built around a residential property in a popular or exotic destination. The same consultation service is used to fractionalize other assets ranging from airplanes to venture capital required for start-up companies.
Is there anything unique that Max Vest offers it’s clients that other similar companies don’t?
[JP] MaxVest is the only company with products and services spanning 3 of the 4 assets classes, namely property, equities (shares) and cash. Our products offer clients the opportunity to invest in US Dollars, British Pound Sterling and South African Rand. The investment and ownership products we have is complimented by a world class consultation service which allows clients to fractionalize their assets or opportunities. If you can dream it, you can own it with MaxVest.
How do you find the market currently – is investor confidence building again?
[JP] Market sentiment is definitely changing and improved over the 1st and 2nd quarter of 2009. There will probably not be a gold rush for the next 12 to 18 months, but there is none the less a significant improvement anticipated in 2010 – least of which the opportunity we have with the world cup coming to South Africa.
What major changes do you foresee for the shared vacation ownership industry over the next 6 to 12 months?
[JP] The financial crisis we experienced over the last 12-24 months has forced everyone to review the value proposition in what they own. A significant number of people have come to realize shared ownership, especially on luxury items such as holiday destinations makes perfect sense. The fractional market will continue to grow – the real question is how fast.
Contact Details
| Location: Pretoria, Gauteng, South Africa Contact person: JP Dippenaar Office Phone: 0861 222 221 Cell Phone: +27 (0)82 446 0969 Email: Email agent Website: Visit website |
Featured Article
What is Fractionalization?
MaxVest offers sellers the opportunity to create shared ownership opportunities! Fractionalizing their properties, is a great alternative to “conventional” selling.
What is Fractionalization?
Fractional: Parts or sections of a whole
Collaborate: To work jointly on an activity, project or intellectual endeavour.
iFractionalize: The process of fractionalizing to enable collaboration, through joint ownership or usage rights.
Case Study
MaxVest worked with Jennifer Harding from a real estate agency in the Knysna area on a number of properties. Jennifer and her team quickly grasped the fractionalization concept and realized value this can add to her clients – both sellers and buyers. Not only is fractionalization an excellent method for selling properties, but also offers the estate agency a chance to introduce another value added service to their clients.
One of the properties we worked on was a beautiful estate overlooking the lagoon; an eight bedroom house consisting of four “separate” units. It was clearly a difficult sell due to the size of the house and current market conditions – but perfect for fractionalization.
After introducing MaxVest to the seller, MaxVest representatives, through a process known as ifractionalize, created a shared ownership product for each of the units. The fractional model included the up-front procurement costs for the property and furniture, as well as ongoing operational costs.
The result was a fractional ownership investment with prices ranging from $6,200 (R49,600) to $21,300 (R170,400) per two week fraction. We were able to structure the product in such a way that there is only a nominal levy. The investment also includes a “bonus” week at any of our international destinations.
How does this benefit the local estate agency?
In the current market finding willing buyers who will qualify for a bond is not easy. This is even more prevalent in the case of “second” or holiday properties. Fractionalization creates “shared ownership” opportunities. As we all know there are always more “people with less money”, and, when there is uncertainty in the market, people will rather commit a smaller amount of money for the same experience – i.e. instead of buying the property outright and then only using the property for two weeks a year, they prefer to only pay for the time they are actually going to use.
Fractionalization enables multiple people to own the property. From the estate agents’ point of view it presents an additional mechanism to sell the property.
Fractionalization is a growing trend, not only in South Africa, but certainly international. More and more buyers will be asking about it, and in time more sellers will request this service as an alternative to traditional selling.
For more information on the ifractionalize process offered by MaxVest and the fractional opportunities created, please visit the website at www.maxvest.co.za
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