What are the best Wealth Management banks in Nigeria for high-net-worth individuals part 2 – Part one is here.
Best wealth management banks in Nigeria
Investment banks are banks that are primarily involved in creating capital for companies, governments, and other organizations. They act as financial intermediaries that provide services ranging from merger facilitation, financial advisory, underwriting, or acting as an intermediary between issuers of securities and an investor.
When it comes to investment banking, size is key. This means that the more connections a bank has in the market, the more likely it is to make a profit by matching buyers and sellers.
Investment and gestión de patrimonios banks has really a huge and important place in investment opportunities in Nigeria. In the list below you can see the best Nigerian investment banks for high-net-worth individuals in no particular order.
Why do you need the services of a wealth manager?
A wealth manager will help you focus your energy on what matters most; you, your family, and your job.
The wealth manager will also be able to optimize your investment by creating a more profitable portfolio that is better suited to your own funds. Although the risk is not completely eliminated, it is likely that you will get more return on investment by hiring this professional. It will be easier for you to achieve your financial goals and your assets will be protected.
With proper legacy management and adequate investments, the stability of your assets is guaranteed. This provides more security for your family, business, or future plans. Thus, you will avoid significant losses due to administration errors. In short, a wealth manager is a very important professional in ensuring the growth and security of wealth.
Therefore, below you can find a list of the best investment and wealth management banks located in Nigeria.
Top 10 Investment and Wealth Managers in Nigeria
1. ARM investment managers
ARM Investment Managers (founded 1994) is a subsidiary of ARM Traditional Asset Management Company Ltd (ARMTAM); the largest non-banking financial services institution in Nigeria. ARM Investment Managers partner with its clients to protect their wealth in the future and increase the value of transactions.
The firm is regulated by the Nigerian Securities and Exchange Commission (SEC). ARM is headquartered in Lagos, Nigeria with offices throughout the country. ARM’s wealth structuring and management services for individuals and companies include:
- Financial advice
- Structuring an individual investment portfolio
- Implementation of an investment portfolio on your behalf
- Annual reviews and adjustments to your portfolio
2. FBNQuest Merchant Bank
FBNQuest Merchant Bank is one of the divisions of FBN Holdings Plc located in Lagos, Abuja and Port Harcourt. FBNQuest Merchant Bank offers wealth management services to meet the diverse financial needs of its clients by providing unique, broad, and diverse services to support their financial goals through wealth securitization and intergenerational wealth transfer.
The following wealth management services are offered:
- FBN Premium Deposit: This allows clients to earn interest income on their deposits based on an agreed-upon interest rate and a specific maturity or repayment date.
- FBN Easy Retirement Package: This is designed to meet the specific financial needs of retirees or individuals who are about to retire.
- Federal Government of Nigeria (FGN) Securities: This enables clients to meet their investment needs in government securities by trading through FBNQuest Merchant Bank in FGN Treasury Bills (both Primary and Secondary).
3. Meristem Securities Limited
Meristem Securities Limited is a capital market conglomerate that provides a variety of financial services through a range of wealth management products, stockbrokers, financial advisory, trustee, registrar, and probate services. Meristem Securities Limited has been operating for about 16 years.
Meristem Securities Limited offers a wide range of wealth management services which include goal-based investment management, wealth preservation, retirement planning, estate planning, philanthropy management, tax planning, succession planning, real estate services.
4. Matog Consulting LTD
Matog Consulting Ltd has a dedicated team of financial advisors to help you create, maintain and manage your wealth. They use market-leading advice and fund selection to create personalized multi-asset portfolios. This will help clients diversify and reduce volatility through a differentiated income stream.
Matog Consulting Ltd offers a wide range of asset management services that evolve with the market. They are:
- Building a well-diversified investment portfolio.
- Planning for a good life after retirement.
- Trust services to take control of wealth and heritage.
- Planning wills and estates.
- Asset management services.
- Ensuring an ordered sequence of assets.
5. NOVA Merchant Bank Limited
NOVA Merchant Bank Limited is owned by Nigerian and foreign institutional investors who have distinguished themselves over several decades in areas such as financial services and the real sector. NOVA offers its clients end-to-end financial services and solutions that are related to investment banking, corporate banking, advisory, capital markets, wealth, and asset management.
NOVA targets not only individuals but also the private and public sectors. NOVA has wealth management offerings tailored to investment goals and clients’ risk appetite.
6. Lotus Capital Limited
Lotus Capital Limited is a full-service ethical investment management company specializing in asset management, wealth management, and financial advisory services. Lotus Capital is a pioneer in interest-free financing in Nigeria and is duly registered with the Securities and Exchange Commission (SEC) as a fund manager.
Lotus Capital operates as a traditional boutique investment firm where clients expect high-quality asset management advice to meet all their planificación financiera needs. Lotus Capital’s experience lies in the development of individual investment plans and active asset management.
Lotus Capital begins providing wealth management services by assessing the client’s current financial position, investment needs, and risk profile. Lotus Capital then analyzes the client’s current financial situation and helps determine the best course of action for the client without compromising the client’s beliefs and values.
7. Venerate Capital
Venerate Capital is an asset management, wealth management, investment, and business advisory firm regulated by the Nigerian Securities and Exchange Commission (SEC). Venerate Capital aims to be the leading source of wealth creation and business transformation in emerging economies.
Every transaction with Venerate Capital provides a unique opportunity to redefine the boundaries of wealth creation by providing non-traditional integrated financial solutions that create and preserve wealth for a variety of clients, tailored to their different goals, income requirements, growth challenges, and overall risk tolerance.
8. Bulls Capital Ltd.
Bulls Capital Ltd is a financial consulting, management consulting, and asset management company founded in 2008 offering asset management, business advisory, financial advisory, transaction advisory, valuation, investment advisory, retirement planning, capital raising, mergers advisory, acquisitions, restructurings, etc.
Bulls Capital Limited offers insightful investment and wealth management services through its team of experienced wealth and investment management professionals with deep experience. Bulls Capital’s target clients include individuals, families, small and medium enterprises, and large corporations, as well as non-profit organizations and NGOs.
Wealth management services offered include retirement planning, estate planning, savings strategies, education finance, employee benefits, insurance coverage, tax and investment planning, lifestyle and unique investments, philanthropic investments, family offices, succession planning, and tax compliance.
9. Emerging Africa Capital Ltd.
Emerging Africa Capital Ltd (EAC Limited) provides wealth management, investment promotion, business and management consulting, and investor representation services. EAC Limited supports its clients through a combination of advisory services that include financial planning, independent and transparent advice on long-term investment opportunities, and estate planning services offered by its domestic and international partners.
EAC Limited begins its wealth management services with an understanding of the client’s financial position, long-term investment objectives, and risk considerations. After that, the client will be provided with a recommended personal plan. EAC Limited services are tailored to the specific needs and instructions of the client.
10. Alpha Morgan Capital
Alpha Morgan Capital is registered with the Corporate Affairs Commission of Nigeria (RC1049863) and is managed by banking professionals with a combined experience of over 52 years. Alpha Morgan Capital, founded in 2012, uses a range of dynamic services to provide its wealthy clients with the tools they need to preserve and grow their wealth.
The bank’s clients include institutional investors, high net worth individuals (HNIs), and retail clients. The bank offers a variety of investment options to meet the unique needs of each class of client.
They manage assets to achieve the highest return on value for their clients and all stakeholders, ensuring wealth is created and preserved for generations.
To sum up
Wealth management is an important business planning tool in the corporate world, and from an individual point of view, it is a mechanism that ensures the safety of an individual and his family. Naturally, when hiring a wealth manager, you will have to worry less about managing your resources. But be careful, this does not mean that you should stop tracking your assets.
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