Mauritius-based Veri Global concentrates on offering reporting services, investment administration, and training for wealth managers and regulated financial advisors in Asia and Africa.
We’ll look at their investment platform dubbed the Veri Platform to see what it does and what it offers to prospective investors.
Veri Global and Veri Platform are offered by international investment platform service provider Gravitas Finance LLC.
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Veri Global Products and Services
Their offerings typically include:
- Investment Administration Services: assure transparency and user-friendliness by offering centralized portfolio management with round-the-clock online access. Veri integrates with different banking, trading, tax, and legal structures while aggregating data for effective reporting.
- Educational Platform: provides comprehensive resources for people with different levels of experience on trading, investing, personal finance, and related subjects.
- White-Label Services: offer customized options that help customers project a refined and expert image, which eventually improves the market image for their brand.
Veri Global targets wealth managers in need of reliable portfolio services, regulated financial advisers seeking effective investment management, and investors seeking dependable resources to gain more knowledge.
Veri Platform
The purpose of this global investment platform is to link markets with international investing opportunities. It is not exclusive to South Africa, despite having a sizable presence there.
Its main objective is to provide all-inclusive tools for client engagement, investment tracking, and wealth management.
The platform has an easy-to-use interface. Its goal is to help financial advisors and their clients manage their wealth more efficiently.
It offers investment options designed to accommodate different risk tolerances and financial goals to make investing easy, safe, and effective.
Its investment options are environmentally, socially, and governance conscious, enabling users to match sustainable practices with their targets.
It has learning resources, such as webinars, articles, and market research.
Veri Global Fees
Every time money enters the account, a one percent initial fee is charged to cover transaction expenses like banking and compliance. The yearly amount for this fee, which is spread over a 10-year period, is 0.1%.
The total value of the assets of each account determines the minimum amount of the annual custody fee, which is 0.15%.
There is also an administration fee of 0.50% annually, which covers overall account administration and tech management, with a minimum charge of $75 per quarter.
Pros and cons of Veri Global and Platform
- Offers different investment opportunities, including ESG investments.
- Gives users access to a transparent fee schedule that includes information on upfront, yearly custody, administration, and foreign exchange fees.
- The platform is made to make tracking investments, making decisions, and navigating easier.
- The company is growing into other areas apart from South Africa.
- Cost-conscious investors may be put off by upfront fees, yearly custody fees, and extra fees for certain accounts.
- Potential clients may find it difficult to assess suitability without direct consultation due to the lack of readily available online information about specific investment options, such as asset classes, funds, or particular products.
- It was primarily created for financial advisors, which might restrict its availability to individual retail investors seeking a more straightforward strategy.
- Although ESG options are available, it is unclear how broad and impactful they are, which may worry investors with high ethical standards.
- It might not have the reputation and track record of more seasoned investment platforms because it is a new platform.
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