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Disclaimer

Pioneer Wealth Management provides wealth management and financial planning services to high net worth individuals and families.

As a part of Pioneer Wealth Management services, Pioneer will not receive any remuneration or benefit as a result of Wealth Management Services given to Clients. If for any reason Pioneer should receive any such remuneration from a Financial Institution, the remuneration will be repaid in full to the Client.

In addition, Pioneer does not receive any commission rebates from Banks in which its Wealth Management Clients portfolios are held in custody.

Pioneer Wealth Management operates in Israel via Pioneer Financial Planning (92) Limited (hereinafter "Pioneer") which holds a Portfolio Management license and which also engages in Investment Marketing (but not Investment Consulting) as these terms are defined in the Regulation of Investment Advice, Investment Marketing and Portfolio Management Law, 1995 (hereinafter "the Advisory Law").

An Important clarification: Pioneer is remunerated from one source only for any Client investment.  For example, the remuneration for Wealth Management clients is derived solely from the Management Fees paid by the Client to Pioneer.

Over the past 30 years, Pioneer had clients who were referred into various investment institutions, in Israel and abroad. Pioneer may have been remunerated / is still being remunerated by the investment institutions in regard to those investments. The remuneration to Pioneer on these investments is received solely from the investment institution at which the investments are being managed / held. 

This remuneration is considered an affiliation* to Pioneer, as detailed below:

  • Clients who were referred in the past to Banque Julius Baer Private Banking services (with regard to accounts which are not under Pioneer Wealth Management services )
  • Clients with investments in the following financial institutions: Aurum, Envestnet Asset Management, GAM, GLG, Man Investments, Altshuler Shaham, Analyst, Epsilon, Excellence Nessuah, Harel Finance, Psagot, Sigma, and Yalin Lapidot.

In addition, Pension services are provided in Israel via Pioneer Pension Insurance Agency (2009) Ltd. (“Pioneer Pensions”), which is a pension insurance agency, licensed as a marketer of pension products, as defined by the Inspector of Insurance of the Israel Ministry of Finance.

Pioneer Pensions has an affiliation* to the following Pension institutions: Altshuler Shaham, Analyst, Dash-Meitav, Excellence Nessuah, Clal Gemel, Harel, Helman Aldubi, Psagot, IBI, Phoenix, and Yalin Lapidot

The contents of this website are for information only and are not to be construed in any manner as a proposal, advice, offer, recommendation or solicitation to purchase or sell or hold the securities or financial products, and is not a substitute for individual investment advice based on the particular circumstances and special needs of each investor or potential investor.

While reasonable efforts have been made to obtain information from usually reliable sources, Pioneer makes no representation that the information appearing on the website or opinions expressed or contained on this website are accurate, reliable or complete. Views and opinions expressed in this website reflect the view and opinions as of the date of writing and are subject to frequent changes, without prior notice. Anyone making any use of the aforementioned information does so at his/her own sole discretion and responsibility. Pioneer will not be responsible for any loss or damage of any kind which arises, directly or indirectly, and is caused by the use of any part of the information provided. Furthermore, the information on the website does not constitute advice on tax or legal matters and Pioneer recommends that investors and potential investors obtain professional advice in these areas, if required.

Pioneer is likely to have a personal interest in the content appearing on this website.

*Affiliation means receiving financial remuneration from the institutions detailed above with regard to their financial and/or pension assets and /or available via them. The essential nature of the affiliation is a monetary benefit payable to Pioneer by the Institutions at rates of up to 50% of the total fee paid by the client to such Institutions for their services. Pioneer (not as a part of its Wealth Management services) and/or Pioneer Pension is likely to prefer the financial and/or pension products of the aforementioned institutions over other products with which Pioneer is not affiliated, which are similar in their suitability to the client.

Updated: April 2017