Alpha Morgan proffers to secure wealth across generations

The strategy to secure wealth across generations is to invest in stable assets of low volatility and risk assets that attract appreciation and sustainable cash flow as well as to instil financial literacy in the younger generations, among other factors.

This was revealed by Ade Buraimo, an investment banker/CEO, Alpha Morgan Capitals Limited, saying it was worrisome that many wealthy Nigerian families were unable to secure wealth across generations as their counterparts in more developed economies because of lack of knowledge on how to do so.

He spoke at the weekend in Lagos during the launch of a campaign, ‘Securing Wealth across Generations,’ and noted that Rockefeller family was a prominent example of a successful multigenerational family.

“One of the ways to secure wealth across generations is to invest in stable assets of low volatility and risks that attract regular appreciation and sustainable cash flows. Alpha Morgan Capitals Limited decided to launch a radio campaign to bridge that gap and help wealthy families secure their wealth across generations.

“’Securing Wealth across Generations’ is reflective of Alpha Morgan Capital’s unflinching commitment to customers and its resolve to help them sustain generational growth in wealth so they can have peace of mind to devote attention to other things that matter in life. “The campaign demonstrates market presence and establishes Alpha Morgan’s capabilities in wealth management, mutual funds, investment banking, advisory and alternative assets,” Buraimo, who is a former managing director of GTBank Sierra Leone, said.

According to Buraimo, Alpha Morgan Capital’s ‘Securing Wealth across Generation’ campaign will air weekdays, in the morning and evening belts on radio stations – Inspiration FM, Nigeria Info and Classic FM.

He also stated that the new campaign “expresses our institution’s resolve to provide customers with a unique opportunity to put their funds in a reputable investment bank run by a mix of highly experienced investment bankers driven by professionalism.

Speaking further at the campaign launch, the commercial and investment banker with over 25 years industry experience, disclosed that, “Alpha Morgan has shareholders’ fund of N300 million and currently working on floating funds totalling $125 million. The funds are a hybrid of Real Estate Investment Trusts (REITs) focusing on the real estate and education sector.

In addition to the REITs, it is also working on a N1 billion “Alpha Morgan Balanced Fund, which is an open-ended mutual fund,” he said.

The enormous financial legacy established more than a hundred years ago by Standard Oil Co. founder John D. Rockefeller has helped fuel achievements of various family members and funded a philanthropic foundation that endures to this day.

 

PATRICK ATUANYA