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Wealth Management Service

Wealth Management Service

What is the Wealth Management Product?

The wealth management product is aimed at achieving high-income return generated through investments in fixed income securities whilst ensuring risk is minimized or controlled. To achieve these two objectives, the Fund Manager invests client funds in security classes such as:

1. Listed Treasury Bonds & Bills

2. Listed Corporate Bonds

3. Structured Notes

4. Commercial Papers

5. Other fixed income securities

What are the features of the product?

Name

Wealth Management

Minimum Amount

UGX.  35,000,000

Minimum Top-up

UGX. 17,500,000

Investment tenors

3,6, 12 months, above 1 year

Benefits

Principal Protection Strategy

Enhanced return

Effective cash-flow management

Underlying

Fixed Income securities

Management Fees

1%

Custody Fees

0.10%

Hurdle Rate

 - *

*

NB: Hurdle rate is dependent on investment duration and may vary depending on market volatility. Figure is Gross of Tax.

 

What are the requirements?

Corporate entity

1. Founding Documents

i. Companies – Certificate of Incorporation or

ii. Partnership – Partnership Agreement or

iii. Other Legal entities - Constitution or other founding documents, and

iv. Memorandum and Articles of Association

2. Other documents

i. Resolution/Mandate authorizing the investment - A document demonstrating that the entity and/or its officers are duly authorized to enter into this Agreement

ii. Copy of PIN (Tax) Certificate

iii. Copy of Tax exemption certificate (where applicable)

3. Documents from each authorized representative

i. Copy of ID or passport

ii. Passport Size Color photograph (N/A for Standard Chartered Bank Custody Account)

Individual Application (Natural persons)

1. Copy of ID or Passport

2. Copy of Utility Bill (not more than 3 months old) or a Proof of Address letter

3. Copy of tax exemption certificate (where applicable)

4. Passport size color photograph (N/A for Standard Chartered Bank Custody Account)

For more information on this product, kindly get in touch with us using the contacts below:

Location: Courseview towers, 1st floor. Plot 21 Yusuf Yule Rd., Kampala, Uganda
Telephone: +256 417702600 / +256 312 305 600 , Fax: +256 417702610
Email: amcug@britam.com