Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc, has urged Nigerians to patronise investment offerings that will stand the test of time.
It emphasised the importance of seeking professional advice when investment decisions were made.
A statement from the firm said that the Chief Executive, Stanbic IBTC Holdings, Dr Demola Sogunle, spoke during a recent virtual event themed, ‘Build to last’.
Sogunle advised prospective and existing investors to equip themselves with the requisite knowledge about the fundamentals of investments before committing their funds.
He stated that many schemes had either turned out to be fraudulent or feigned to yield returns that were too good to be true.
He said, “Investments built in various sectors of the economy helps to secure your future and those of your loved ones.
“Hence, it is important that right choices are made with seasoned investment experts as your partner in the journey.
“At Stanbic IBTC Asset Management, investors are advised on the best available options where the safety of funds, as well as long term sustainable returns, are prioritised.”
He added, “The event has not only enlightened us about the benefits of investing, but it has also provided veritable investment options through which we can build our wealth over the years.
It is a call to action to our clients and prospective clients to make informed investment decisions that have long-term benefits.
Also speaking at the event, the Executive Director, Stanbic IBTC Asset Management, Shuaib Audu, highlighted several possible red flags to avoid when investment tools and products choices were made.
He buttressed unlicensed investment firms and personnel, business offers that sounded too good to be true, investments by credit cards, funds transfer to personal accounts and cross-border funds transfer as examples of red flags to avoid.
Audu enlightened the audience that clients that invested in Stanbic IBTC’s products and services including mutual funds, exchange traded funds and alternative investments, were kept aware of the progress their investments make.