Frequently Asked Questions
The answers you're looking for in one place.
- Although MyWealth originated in South Africa and our Customer Training and Service Centre is located in South Africa, we have expanded to multiple jurisdictions worldwide. Our primary financial product and compliance structure is situated in The Cayman Islands and is regulated under CIMA (Cayman Islands Monetary Authority).
Yes, anyone can make use of our products and services.
MyWealth Legatus does not pursue business in the USA. US citizens are welcome to engage with MyWealth Legatus of their own volition.
MyWealth Legatus is duly regulated in multiple jurisdictions and will acquire the necessary licenses as and when more are required. Click here to view the current licences
MyWealth Legatus upholds International FICA (KYC) and Anti Money Laundering Legislation (AML).
MyWealth Legatus has Digital Asset & Crime Insurance by Setguard (Pty) Ltd and is underwritten by various insurers with an S & P Rating of A or above, including Lloyds of London and Investec PLC.
MyWealth Legatus is not a bank. We are a Neo Bank using FinTech technology offering innovative, financial capabilities on a digital platform.
Neo-banks are completely online-based digital banking platforms. Traditional banking transactions can be time-consuming and labour-intensive for customers. Neo-banks ensure a seamless online experience by incorporating a digital and experiential layer on top of traditional banking. As these are tech-driven, customers can easily sign up for accounts on the website/app and use the services.
The main benefits for clients include:
- Personalised service: they offer specific financial products and services adapted to customers’ needs.
- Convenience and speed.
- Easy access.
- Financial inclusion and democratisation of access to financial products.
- New products and services.
The MyWealth Group of Companies is registered with the NCR (National Credit Regulator) and is allowed to provide credit products to their clients. MyWealth Legatus facilitates credit Smart Contracts against secured liquid assets.
MyWealth Legatus will have virtual debit cards.
The MyWealth Legatus Online App is currently under development.
Tax efficiency can be accomplished by Enhanced Estate Planning, Creative Corporate Structuring, and Innovative Value Allocation.This is part of our service offered to our clients.
MyWealth Legatus has a Customer Training and Service Centre located in Boardwalk Office Park, Faerie Glen, Pretoria, South Africa. Clients are welcome to set up a meeting with our Support staff.
MyWealth Legatus offers ticket support, live chat, and Zoom support.
MyWealth Legatus dedicated account managers are available at a cost.
MyWealth Legatus does cater for Private Wealth Clients and has customised solutions for those clients.
MyWealth Legatus is not a multi-level marketing company. MyWealth Legatus is a private and exclusive platform that operates by invitation and application only. An “introducer” will not earn any commissions when introducing clients.
MyWealth Legatus, in partnership with MyWealth Coaching, offers an Affiliate Programme to approved, trained, and qualified applicants. Click here to learn more