₦airaland Forum

MrDiligence:
Good day every, please does Morgan capital also observe the T+3 rule. I noticed my broking account is usually credited immediately I sell. Can I also withdraw on the same day? Thanks

All stockbroking firm observe T+3 even direct settlement by cscs. It's a regulatory requirement. That your sales proceeds go to your trading account doesn't mean it's available for withdrawal it's in compliance with the mode of utilization of sales proceeds you picked during account opening that allows your funds to be in your trading account immediately after you sell and It can only be available for reinvesting/trading.

However, if you wish to withdraw before the T+3 date, most of the firms will allow you with some fees attached.

Owoblowblow:
Hi Emma,
Thank you for your response and looking at this matter. I'm pleased with your service.
Kind regards

My pleasure.

bibs4all:
Please can anyone here help me activate my account opening with investment one? Been on it for close to one month now.

Called their customer care and I'm tired walahi

@bibs4all apologies for the delay.

Kindly chat me up I'm sure something went wrong somewhere otherwise account opening happens in 72hrs if no issues.

emmanuelewumi:
You need to investigate, some of us are risk aversed so we prefer SEC regulated funds that send monthly and quarterly fact sheets to investor.


The fund manager is different from the Trustee to the fund and a separate Institution is the custodian of the fund.

Stanbic IBTC Asset Management funds are not domiciled with Stanbic IBTC Bank. They have almost N500 billion under

FBN Quest Asset Management funds are not domiciled with First Bank. They have about N200 billion under management


United Capital Asset Management funds are not domiciled with UBA, they also have about N200 billion under management

Very correct. It's a regulatory requirement that can't be overlooked for any firm.
The checks and balances are well spelt out.

Hence I always tell my prospects that nothing to be afraid of concerning SEC regulated fund managers as far as mutual funds particularly MMF and fixed income is concerned.
As a matter of facts fund managers don't handle investors cash.

yeddy99:
i used my same CSCS account number from a defunct broker to open with Morgan.
so, is it an investment one policy only?

I want to believe you mean the same CHN which is possible. You can just have one CHN across all your cscs accounts in different stockbroking firms.

Nezzjnr:
Okay Sir.

Can I have a call or a chat with you?

Please go ahead.

Nezzjnr:
Good Day Sir Emma.

Trust you are doing well.

I want to get a clear detail on the Stanbic Ibtc Nigeria Market Equity Fund.

I saw 15% on 30 days.

Does it imply that I'm going to get an extra percent for the amount being invested under 30 days?

No. All rates in SEC regulated investments are per annum, any variants stated will be prorated.
Equity based funds are volatile as the stock market and so the rate of the fund changes frequently with the market as the daily evaluation is done.

husu:
I already have a cscs account

You will need to open another cscs account since your current stockbroking firm is no longer active.

Owoblowblow:
Hi Emma, due to your general encouragement about on this forum. I submitted an application to Investment one last week Tuesday, my application was acknowledged but I have not heard from them again. Could you help in looking at this. Thank u

@Owoblowblow apologies for the delay.

In other to carry out your request, I will need some details from you that may not be proper to share here.

Kindly chat/call me. I assure you everything will be resolved.

Thank you for your patronage.

husu:
Which one will I use now, am based in portharcourt

You can use Investment one stockbrokers.
The truth is that everything is done online. You don't need to be in a physical office and even if you are in Lagos everything is still the same online activities.

The first thing is to open a stock/cscs account, you can do this by clicking the 3rd link on my signature. Account opening is free.

Get other information from my earlier post in response to a similar question here or reach out to me with the contact on my signature.

Olaide1295:
I opened investment one account to see commercial paper, FGN bond primaries, secondaries and other fixed income offerings.
After logging in, only options to buy equities is showing. I don tire. Cc: emmasoft

@Olaide1295, thanks for the patronage. Kindly send a mail to customer care as per your findings and your request.

However, I have also registered your concerns with the appropriate team.

Thank you.

Oyindamolah:
investmentone, GTbank has bought it. It now gtfundmanagers and their customers service is extremely poor. I can't still get statement of account

Investment one is still a market operator as a financial service rendering firm. The whole entity was not sold to GTCO it was just the mutual funds ( Abacus, VGIF etc.) business that was sold to GTCO.

NL1960:
I have used your link to open an account. Waiting for the e-account number now.

@NL1960, thank you so much for the patronage. I really appreciate this.

Yes, you will get the e-account number within 24hrs all things being equal.

Thereafter you can now credit the UBA (custodian bank) account number for MMF that will be sent to you. After funding, your login details will be sent to you as well.

Kindly note that in all your transfers (deposits) always use your e-account number as the description so that tracing and posting into your investment account is made easy.

Thank you.

NL1960:
I tested your link for StanbicIBTC MMF as iam breaking my VGIF to move to StanbicIBTC MMF but iam seeing Tier 3 and Tier 1 as options. Which should i pick when iam ready to open?.

pick tier 3.

Difference between tier 3 and tier 1

Tier 3 has no limit as to the amount you can invest.
minimum of 5k and no maximum
while tier1 has a cap of 200k ie your account can not hold more than 200k and you can not transfer more than 20k at a time.
It's actually for financial inclusion, particularly for very low-income brackets or students.
So for you, it's tier 3 you should pick.

Attention Investors in SFS Fixed Income Fund who Used/going to use my Link.

Thank you for supporting my ministry.
Your patronage is really much appreciated and never taken for granted.

Please note that after you verify your BVN kindly generate your virtual account number.
This will enable you to have a personalized account number such that as you deposit into it, the money goes straight to your investment there is no waiting time.

You can also give your virtual/personalized account number to a 3rd party and once money is transferred into the account, it goes straight to your investment. This can be helpful if you don't want to spend the particular money you are expecting, in that case, you can just give your virtual account number to the source of the cash e.g a debtor or even your company.

You don't even need any description. Once you use your virtual account, it's treated as your personal bank account only that the content always goes to your investment directly.

When generated, it's normally Wema or sterling bank account in most cases. Sometimes it could be Providus bank.

As usual, I'm always available for any further clarification if needed. See my contact details in my signature.

Jerry59:
I’m ready now! Emmasoft

Okay. You are welcome. Chat me up let's take up from there.

I will be waiting!

Tohmey:
I Just deposited money to my SfsFund account using my Virtual Account for the first time but the money is yet to show on my SFSFUND ACCOUNT BALANCE but it is showing on my SfsFund Ledger
Is that how the SfsFund does?

Yes, that is how it works. Check later today it will reflect on your balance and you will earn the interest for today as well.

spanzed:
Hello house, which application would you recommend for someone who intend buying a Nigerian stock for a newbie.

Open a stock/cscs account with investment one stockbrokers and we guide you on how to navigate base on your investment objectives.


Some folks here who are on board can testify. They came in as novices but are better off now.

click the account opening link on my signature to start the process.

The account opening is free and after that, you can start investing with any amount you have.

SmartMoneyGuy:
Good evening,

Please I need recommendation of others apart from United Capital and Morgan that uses Itrade live trading and reliable.

Thanks
Julius

Join investment one stockbrokers.

You can have access through the web or app.

click the link on my signature to open an account for free.

enque:
How long does it take stanbic to credit funds sent via transfer?
Funded more than 24hrs now and its yet to reflect.

If you did the transfer before 12 noon on a working day and you wrote your e-account number as description, you should get value by the close of business otherwise send a mail to customer care with evidence of the transfer.

ernie4life:
In my opinion I will still prefer an external registrar to ensure checks and balances.

Yes, it could improve operational efficiency but I don't think the cost aspect is so significant.

In the coming days I will see if their rates will be way above their peers.

True. Very knowledgeable investors will prefer separation hence the SEC and trustees' approval before the decision, but it's that cost angle they are just looking at perhaps to attract more clients I guess. You know nah whenever investors hear more money

progressing:
Pls Ogas in the house
Pls educate me on CSCS account.

It's merit and how to open it

I have 3 different account with different brokers one is not active, will one CSCS account cover for all

If you have three different brokers already it means you have three different cscs accounts as well and if you didn't supply one CHN when opening the other two after the first one, it means you also have three different CHN.

There is really no issue but it's tidy and more convenient to manage your accounts if you have one CHN across all broking firms where you have an account.

Please note cscs account will always be different from one broker to the other just as your bank account number in first bank cannot be the same as your bank account number with GTBank.

However, by choice, you can have a single CHN across all the firms where you have cscs accounts.

Check my earlier posts on this thread for more explanation if needed.

Foodempire:
Can you explain this? Thanks.

Dear Client,

Following the approval of the Securities and Exchange Commission (SEC) and respective Trustees; please be informed that effective Monday 17 July 2023, the Registrar function for the underlisted funds will now be managed by FBNQuest Asset Management Limited as opposed to First Registrars.

The change in Registrar allows for a reduction in the Total Expense Ratio (TER) of the Mutual Funds which in turn enhances returns to you.

The FBN Mutual Funds include:
FBN Money Market Fund
FBN Bond Fund
FBN Balanced Fund
Please be assured of our continued commitment to enabling you achieve your investment goals.

It simply means that FBNQuest, the fund manager of the listed mutual funds has gotten approval from SEC to also act as a registrar to these funds they are managing, this will save cost and will mean better returns to the unit holders in the funds. Before now the job of registrar was contracted to First registrars for a fee.

Teeonly:
@Emmasoft,
Please, some bought GTB during the PO and has since lost the Certificate. How can the person get all dividends paid previously and probably monitor the shares henceforth.
Thank you in advance!

Here is what to do to achieve the two things you asked for.

1. Claiming outstanding dividend
Visit Datamax registrars with an acceptable means of identification which can be any of these: NIN slip, Drivers license, Voters card, In'l passport, and one passport photograph.

At the registrar's office after complaining that you don't have the certificate from the public offer and have not collected dividends,
they will give you an e-dividend mandate form to fill out, complete and give back to them.
Within 10 - 15 working days they will credit your mandated bank account with all the outstanding dividends that are not older than 12 years as of the payment date.

2. Monitoring your shares
Following the two complaints as stated above, the registrars will also give you a demat form which you will bring to Investment One stockbrokers office for processing of the shares into your cscs account, this will enable you to monitor, buy more, or sell your shares any time and anywhere you are in the world.

To achieve this second part, you will need to first open a stock/cscs account with investment one stockbrokers.
Click the 3rd link on my signature to open an account for free.

Get in touch if you need further clarification.

Tohmey:
Good day to you all, someone introduce me to cowrywise. How safe it is?
Cause i can see many firms mmf/fixed fund there e.g sfsfund, stanbic. . . Etc, is adviseable to use it instead of opening multiple account on sfsfund, axamansard, stanbic. . .
But they charging a whooping of 1.5% fee

Why use intermediary when you can invest directly with the various fund managers.
Opening accounts with more than one fund manager should not be an issue, it's also in itself a strategy.

Totleowi:
I am currently having this issue. I topped up via the bank transfer option as it should be done 9am today, till now, it is not reflecting in my balance.
Which way Stanbic MMF?

Check your account again it should reflect.
The reason for delay is most likely because of end of month/quarter activities.

DivineSkills70:
@emma

Stanbic has been delaying in funding my account for consecutive months now.

I usually credit through the bank transfer option and I put my e-account as narration. I always credit before 12pm.

I'm tired of the delay because I am losing daily interest that way.

Is there another one you can recommend that credit promptly?

@DivineSkills70 apologies for the inconveniences.

Please note that any deposit made before 12 noon will always gave same day value and interest accrued even if posting was not same day.

Delay could be as a result of the period of deposit.
Usually deposit made at very last day of d month or a day or two to the end of the month or quarter may have delay in posting because of interest/dividend payment and rebalancing of underlying assets.

It could also be between your bank and the custodian bank. As of the time you get a debit alert it's very possible nothing has happened at the custodian bank and only deposit that is confirm can be posted. If the confirmation came in late posting may be delayed.

However, your interest will always count as stated earlier.

You can add SFS fixed income fund.
11.04% right now.
They allow virtual/personal account number dedicated to your inflow such that confirmation is almost instant because the account belongs to just you alone. Check details on my signature or get in touch.

A good practice normally is to have at least two fund managers to allow for flexibility.

michael132:
What if I go to any of Thier branch. This inline things too de full with fraud

Don't worry, with Stanbic IBTC you are safe.
Many folks are here that can testify to the genuineness.
The online is also faster and you get maximum attention as per services.

Going to Stanbic IBTC bank branch is like going through the proxy because the asset mgt arm is not the same as the bank in terms of the operations even though they belong to them same HOLDCO.

michael132:
Pls . Those that know how n where they invest genuinely should please help

Stanbic money market fund with rate above 10% is recommended. Capital and interest guaranteed.
Click the link on my signature to open account online.

Jerekre:
Please what is the best way to consolidate different stock broking accounts? They have different CHN, it's too expensive selling from one house and buying same stock in another, and 1 of the firms is no longer active. Is there a way I can move all of them to one house?
I also noticed that I receive more dividends than my number of shares (for GTCo). I suspect that maybe I didn't receive one of the share certificates then when they were issuing bonus shares. How do correct the number of shares on my CSCS account?

Please note that what you wish to do is possible.

Two ways to consolidate for the stockbroking firms that are active.

I will give you the best since that is what you want.
First make sure your KCY is updated in each of the firms that are active, then pick the target stockbroking firm ie the firm where you want all your stocks to be domicile in and intiate an inter member transfer process.

They will give you some forms to fill including KYC sometimes. In collaboration with the target firm, you will meet the residence firm ie the firm you are moving stocks from they will do their part of the process and together with cscs, all the stocks will be moved to the target house.

For the house that is not active, the target firm will give you another set of requirements which will involve you contacting cscs to get your statement of the stocks in the non active firm.

Once the relevant forms and requirements are met, the stocks in the dead firm will be moved to the target firm.

Note: the requirements are what an average investor can get and all the processes described above have some fees attached.

The whole process can be done max three weeks or less if you devote time to it.

For the GTBank shares, visit Datamax registrars with a means of acceptable ID and complain that your shares in your cscs is less than what you have and that you wish to know your holdings.

Definitely the registrars has the accurate number of units you have.

Once it's confirmed, they will most likely issue you a demat form which you will now take to the target stockbroker to process it into you consolidated cscs account.

If your target firm is investment One it makes the process a bit easier because I will be involved. Otherwise you can still achieve it even if investment one is not among the firms you are dealing with.
It's a standard regulatory directives and processes

emmanuelewumi:
Mine was approved same day

Yes it's a possibility one has to play safe from experience as per sales and marketing.

seyisanya:
This is like a foreign investor that's interested in investing in Africa, then turns to the president of Nigeria and asked: which of the African countries can I invest my money?

Wetin u wan make His Excellency BAT tell am?

My oga @seyisanya this thing na mutual benefit nah you sef know. inflows must enter for ministry to go forward while helping others.