Top 11 Asset Management Companies In Nigeria: Best Ways To Invest
There are many asset management companies in Nigeria, but this article will help you to know the best companies for asset management. Asset management companies (AMC) are those companies that invest the money of its customers/clients into businesses that match specified financial objectives. These asset management companies present investors with more investing and diversification options than they would have should they operate alone. These asset management companies in Nigeria manage mutual funds, pension plans, hedge funds, etc. The companies make money by charging service fees and commissions to their clients/customers. Many people find it very difficult identifying very good investment opportunities. If you are one of these people, then this article is made for you. The very best asset management companies in Nigeria are listed here. As an investor, it will help you identify the one you can hand your money over to for the maximum returns on investment (ROI). It is often very difficult to manage your assets on your own as an investor. The best thing to do is hand them over to a professional team of individuals who have the required skill set, experience, and knowledge to manage your assets.
Top 11 Asset Management Companies In Nigeria
1. Sumo Tech Global Limited
This is a finance and investment company in Nigeria that specializes in providing clients and customers with trusted financial services, as well as asset management services. SumoTrust is the most popular brand of Sumo Tech Global Limited, it specifically helps its customers to save money and invest in very lucrative businesses. What the Sumotrust apart from others is the ability to help clients mitigate expenses. The head office is at Suite 3f4, Katukoma plaza, off Oladipo Diya way, Gudu, Abuja. The official website is www.sumotrust.com
2. Asset & Resource Management Company Limited (ARM)
This is one of the asset management companies in Nigeria with investment management expertise. They don’t offer banking services, just investment banking, and financial advisory services to investors. They are also into infrastructure finance and development, estate management and development, pension fund administration and non-asset management. Established in 1994, Asset & Resource Management Company Limited (ARM) has grown into one of the leading asset management companies in Nigeria. Their knowledge of investment banking is second to none. The head office is located at 1 Mekunwen Road, Off Oyinkan Aboyomi Drive, Ikoyi, Lagos, Nigeria.
3. Asset Management Corporation Of Nigeria (AMCON)
This asset management company was established in Nigeria by the act of the national assembly of Nigeria in July 2010. AMCON was established with an intended lifespan of 10 years. It is designed to function is the same manner as the Asset Management Agency of the Republic of Ireland and Malaysia Pengurusan Danaharta bid. They function primarily as the buyer of assets for the Nigerian government. AMCON also engage in the acquisition of Non-performing loans (NPL).
4. Cashcraft Asset Management Ltd
When you discuss asset management companies in Nigeria, you must mention Cashcraft Asset Management Ltd. It was incorporated in 1991 and commissioned as a fund manager, dealer, Issuing house, and broker. The capital of Cashcraft Asset Management Ltd is put at N3billion, while the shareholders’
Funds are over N1.5 billion. This company has many offices in different locations around the country. The head office is at the 3rd Floor Asei World Centre, 57 Aba Road, Port-Harcourt, Rivers State, Nigeria.
5. CDL Asset Management Ltd
The CDL Asset Management Ltd is a very good financial service provider for investment banking and asset management services in Nigeria. It was incorporated in 2004 and currently boasts of an issuing capital of N500 million. CDL asset management Ltd services include portfolio management, Treasury services, trading in government securities, corporate and private trust services, corporate financial services, stock-broking services, and financial advisory services. Asset management companies in Nigeria cannot be complete without CDL asset management Ltd.
6. Cowry Asset Management Ltd
This was primarily established to function as Investment Company that will engage in all aspects of the capital market. The Cowry Asset Management Ltd pays special attention to investment banking, securities trading, financial consultancy services, real estate consulting, corporate finance etc. this one of the reliable investment company in Nigeria.
7. Lead Capital Plc
It was established in 1987 as an investment banking firm in Nigeria. Lead Capital Plc was registered as an issuing house and fund/portfolio manager with the Securities and Exchange Commission (SEC). It has offices in Lagos, Abuja, and Port-Harcourt. Lead Capital Plc is among the leading asset management companies in Nigeria that have a very reputable track record. Their head office is located at 3rd Floor, Millennium Builders Plaza, Plot 251 Herbert Macaulay Way, CBD, Abuja.
8. Lighthouse Asset Management Ltd
Founded in 1986, Lighthouse asset management Ltd, they have sponsored over 20 different companies in Nigeria to the market. Some of these companies include Union Bank, Sterling Bank Plc. It holds above 75% of the capital of these companies. They are licensed by the Securities and Exchange Commission to function as Issuing House and broker-dealer. The head office is located in Abuja on the 3rd Floor, Oyo state house Ralph Sodeinde Street, Central Business district.
9. Sterling Asset Management And Trustee
This asset management company in Nigeria was established on September 5th, 1985 as a private Limited Liability Company and duly registered with the Securities and Exchange Commission (SEC) to function as an asset management company. They are very good at investment banking and other financial services for clients/customers. They head office is in Lagos state Nigeria.
10. Tower Asset Management Ltd
When you talk about investment banking, Issuing house, stockbroking firm, financial advisory services, and asset management companies in Nigeria, Tower Asset Management Ltd always comes to mind. They have experience in asset management and investment services. They are licensed by the Nigerian Stock Exchange (NSE) and with the Securities and Exchange Commission (SEC). Tower Asset Management Ltd has an authorized share capital of N550 million.
11. Forte Asset Management Ltd
This one of the leading asset management companies in Nigeria that is specialized in asset management services, investment banking, mutual fund and portfolio management for investors. They have a very good track record in the asset management services and have developed a strong integrity over the years. The head office is at Suite 31, 3rd Floor, Jinfa Plaza, Samuel A. Ademulegun Street, CBD, Abuja.
In conclusion, managing money and handling investments is very difficult. You as an investor must employ the services professional asset managers to manage your investments. There are lots of asset management companies in Nigeria, and this article has helped you with the top 10 of these asset management companies in Nigeria. All you need to do is to make your own informed research before making your choice on which one of the asset management companies in Nigeria you will buy into their services.