The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

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Onshore/offshore bonds on the 7IM Platform

7IM does not provide its own bond, but you can set up a 7IM account with either an onshore or offshore bond provider. The bond provider will be the main point of contact for most of the administration. However, the 7IM platform will be the investment hub.

Onshore bond

We have a partnership with Sanlam who provide the onshore bond. Visit the Sanlam website where you'll find all of the documents you need to open the bond.

You must contact Sanlam to obtain illustrations, application forms, and any other documents necessary to open the account. The onshore bond at Sanlam must already be open before the 7IM account can be opened.

Reporting

7IM accounts linked to a Sanlam bond will be included in the client’s quarterly statements and visible on the 7IM Client Portal and 7IMagine app.

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Transfers

Bonds themselves cannot be transferred, only kept or surrendered, and it is often undesirable to surrender a bond because of all the tax consequences, particularly if the bond is held within a trust.

The assets held within an open architecture offshore bond can usually be transferred to 7IM. Therefore, you can retain an existing bond product, and any associated trust arrangements, and simply transfer the underlying assets from their current custody (e.g. with another platform or discretionary investment manager) onto our platform where you can manage them and they can be included in the client’s reporting.

You must contact the offshore bond provider to obtain illustrations, application forms, and any other documents necessary to open the account. The offshore bond at the provider must already be open before the 7IM account can be opened.

Reporting

7IM accounts linked to an offshore bond will be included in the client’s quarterly statements and visible on the 7IM Client Portal and 7IMagine app.

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