Top 10 Best Asset Management Companies In Nigeria. in this article, i will walk you through top 10 of the best asset management companies who has been doing a great job and, has been proven to be among the big lions in the industry.
What is an Asset?
An asset is any concrete resource owned by a business. Anything that is owned or controlled to produce value and that is held by a company to promote an economic value or profit is an asset.
Why Asset Management Companies in Nigeria?
Before then, we need to know the importance of an asset management company.
An Asset Management Companies in Nigeria are firms setup and responsible for ensuring that properties or wealth in Nigeria are kept, stored, handled, used, protected and available when needed.
With the ever increasing amount of wealth acquisition, it’s without doubt that most of us as humans lack the management skills needed to effectively manage our assets. This has led to the establishment of asset management companies who are professionals when it comes to asset management in Nigeria.
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This article seeks to introduce some of these best asset management firms available in Nigeria today and you can decide to try any of them out.
What then is Asset management?
Asset management is a process of developing, operating and maintaining these assets in a manner that is most cost effective. Asset management cannot just be done by any individual. There are some companies that manage assets and they are:
Top 10 Best Asset Management Companies In Nigeria
1. Asset & Resource management company limited (ARM):
it was established in 1994 as an asset management firm, ARM has evolved into one of Nigeria’s most innovative and respected non‐bank financial institutions with focus on Traditional Asset Management and Specialised Funds.
ARM currently manages total assets of circa N1.1 trillion (as at December 2018), has an AA rating from Agusto and Co. and was named Best Fund Manager, Nigeria 2013 by Capital Finance International. The Firm is regulated by the Nigerian Securities and Exchange Commission (SEC). ARM is headquartered in Lagos, Nigeria with offices across the country.
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2. Cashcraft Asset Management ltd:
CASHCRAFT ASSET MANAGEMENT LTD is a dealing member of the Nigerian Stock Exchange and is registered with the Securities and Exchange Commission as a Broker, Dealers, Issuing House and Fund Managers.
3. Lead capital plc:
Leadcapital Plc is a pan-African banking and financial services firm providing governments, corporate clients and multi-national firms with investment research, project financing and asset management.
4. Lighthouse Asset Management ltd:
Lighthouse Asset Management Limited specialises in asset trading, portfolio and fund management, corporate finance and financial advisory services
5. Tower Asset Management ltd:
Tower Assets Management Limited is an asset management company offering portfolio management, financial advisory and planning services.
6. Forte Asset Management ltd:
Forte Asset Management Limited is a Nigerian business center for asset management services
7. Sumo Tech Global limited:
SumTrust (Formerly SumoBank) is an automated personal savings and investment platform that helps you save, send, receive and plan your finances effectively while making better business decisions.
With Sumotrust, you can choose to save and raise money for something or invest your money to earn profit returns annually.
8. Asset Management corporation of Nigeria (AMCON):
Asset Management Corporation of Nigeria (AMCON) was established on the 19th July 2010, when the President of the Federal Republic of Nigeria signed the AMCON Act into Law.
AMCON was created to be a key stabilizing and re-vitalizing tool aimed at reviving the financial system by efficiently resolving the non-performing loan assets of the banks in the Nigerian economy.
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9. CDL Asset Management ltd:
CDL Asset Management Limited is a Nigerian based financial service centre for investment banking and asset management services.
It services include Asset Management Services, Corporate Finance Services, Financial Advisory Services, Portfolio Management Services, Treasury Services, Trading in Government Securities, Corporate Trust and Private Trust Services, Issuing House & Underwriting Services and Stock-broking Services.
10. Cowry Asset Management:
Cowry Asset Management Ltd. are members of Nigeria Stock Exchange and offers services that helps in expected improvement in financial system liquidity