Disclosure Statement
Ellis Bros is a sole-trading sharebroker that began operations in November 1995, in Dunedin.
Its principal, Stephen (Steve) Mellor ELLIS, is the only advisor at the firm.
After studying for a Bachelor of Commerce degree at Otago University in the early-1970s, Mr Ellis embarked on a career in financial journalism. He wrote for the Otago Daily Times, National Business Review and the NZ Herald in New Zealand. Mr Ellis also worked on newspapers in Australia and South Africa.
In early-1985 he was employed by sharebroker Whiteman & Co as a research analyst. Mr Ellis eventually assumed an advisory role and was a senior institutional advisor from 1987. He retained that role while dealing from institutional desks at ANZ McCaughan and Fay, Richwhite Equities until 1994, when he moved to Dunedin to open Buttle Wilson's branch office. When, the following year, Buttle Wilson was bought by UBS Warburg (and subsequently closed its private-client operations nationwide) Mr Ellis opened Ellis Bros.
The business was relocated to Auckland's North Shore in February 1998.
In 2003, Ellis Bros was a foundation member of the NZX.
Statutory Requirements:
Under the terms of the New Securities Law For Investment Advisors and Market Participants 2008, it is hereby confirmed that Mr Ellis has no relevant criminal convictions, bankruptcy proceedings, prohibition orders, or any other adverse court findings that impinge on his professional standing.
Ellis Bros offers advice on listed securities, principally in the Australasian markets. Transactions by Ellis Bros clients are executed (under contract) by ANZ subsidiary Direct Broking Ltd. Brokerage is charged by Direct Broking on those transactions - a portion of which is rebated to Ellis Bros - and all settlement procedures are conducted under the terms of the NZX Rules and Regulations.
Ellis Bros' standard brokerage rate is 1% (minimum charges of $NZ60/$A80 apply to NZX/ASX transactions respectively). Rates are negotiable on investment sums of more than $100,000.