Overview
Lambeth Trust, situated at 8, Alhaji Kanike Close, Off Awolowo Road in S/W Ikoyi, Lagos, Nigeria, is a versatile financial institution operating in a regulatory gray area without specific oversight by regulatory authorities. The firm offers a broad array of services including FGN Savings Bond, Bond Trading, Investment Tracking, Online Trade via their uTrade platform for the Nigerian Stock Exchange, Trade Execution, Investment Portfolio Administration, along with Advisory, Stock Broking, and Nominee Services. With customer support available from Monday to Friday, 8 am to 5 pm, Lambeth Trust serves individual investors, High Net Worth Individuals, institutional clients, and the mass affluent in Nigeria. It prides itself on its expertise in the Nigerian Capital Market and a commitment to professionalism and integrity in all its financial services.
Regulation
Lambeth Trust operates in a regulatory gray area, as it is not subject to direct oversight by any regulatory authority. This lack of regulation can raise concerns about transparency, accountability, and compliance with industry standards. Without a formal regulatory framework in place, there may be limited mechanisms to ensure that Lambeth Trust adheres to best practices and safeguards the interests of its clients or stakeholders. Potential investors, clients, or individuals dealing with Lambeth Trust should exercise caution and conduct thorough due diligence to assess the organization's credibility and reliability in the absence of formal regulatory oversight. This regulatory gap highlights the importance of seeking financial services from institutions that are subject to rigorous regulatory scrutiny to minimize potential risks and uncertainties.
Pros and Cons
Products
Lambeth Trust offers a range of financial products and services to cater to the diverse needs of its clients. Here is a description of the various products and services offered by Lambeth Trust:
FGN Savings Bond (Federal Government of Nigeria Savings Bond): This is a risk-free bond issued by the Debt Management Office (DMO) on behalf of the Federal Government of Nigeria. It is designed for retail investors, offering guaranteed quarterly interest payments and a bullet payment at maturity. The bond aims to promote national savings, provide better returns on savings, and enable citizens to contribute to national development. It is issued monthly with a tenure of 2 or 3 years.
Bond Trading: Lambeth Trust offers bond trading services, allowing investors to buy and sell bonds in the Nigerian capital market. They provide assistance in executing bond trades efficiently and offer expertise in managing bond investments.
Investment Tracking (iTracking): Lambeth Trust offers iTracking to help investors, High Net Worth Individuals (HNIs), and estates of deceased individuals track and recover unclaimed dividends and investments in shares. This service addresses the challenge of unclaimed dividends in the Nigerian Capital Market, providing a solution to track and recover these investments.
Online Trade (uTrade): uTrade is Lambeth Trust's online trading platform, giving clients the ability to buy and sell shares on the Nigerian Stock Exchange in real-time. It provides convenience and accessibility for trading activities, including viewing statements, market news, funding accounts, and instructing front desk officers.
Trade Execution: Lambeth Trust specializes in trade execution, offering precise and efficient execution of bulk mandates. They serve a diverse clientele, including institutional clients, High Net Worth Individuals (HNIs), and mass affluent individuals. The service ensures prompt and professional execution of mandates, with a focus on meeting clients' specific requirements.
Investment Portfolio Administration: Lambeth Trust provides professional management of clients' investment portfolios on both discretionary and non-discretionary bases. This service is tailored to meet each client's unique needs and comes with quarterly performance reports, allowing clients to leverage the expertise of Lambeth Trust while freeing up their time for other productive activities.
Services
Lambeth Trust offers a range of financial services to cater to the needs of its clients. Here is a description of the services provided by Lambeth Trust :
Advisory Services: Lambeth Trust provides expert advisory services to investors. Their experienced team offers advice based on years of market expertise, extensive research tools, and a strong understanding of the financial landscape. They assist clients with their investment requirements and have dedicated stockbroking teams across the country. They are members of the Nigerian Stock Exchange and have global partnerships with third-party brokers to facilitate trading worldwide. The company's vision is to build a strong financial institution known for integrity and professionalism.
Stock Broking Services: Lambeth Trust operates as both an investment management company and a stockbrokerage firm. They have been actively involved in the Nigerian Stock Exchange since June 2005. Lambeth Capital focuses on delivering superior service with a commitment to excellence and integrity. Their services cater to institutional clients, High Net Worth Individuals, and mass affluent clients.
Nominee Services: Lambeth Trust offers nominee services, which can be important for investors who prefer to have their securities held in the name of a nominee. This service can provide additional privacy and convenience to investors. The company's background in investment management and stockbroking positions them well to offer secure and reliable nominee services.
Customer Support
Lambeth Trust provides customer support through phone lines during regular business hours (Monday to Friday, 8 am - 5 pm, excluding public holidays) at the numbers 01-4539026 and 01-4539017. Their office is located at 8, Alhaji Kanike Close, Off 100, Awolowo Road, S/W Ikoyi, Lagos, where clients can visit for in-person assistance. Clients can also contact them via email (an email address is required) to communicate inquiries or messages.
Summary
Lambeth Trust operates in a regulatory gray area, lacking direct oversight by specific regulatory authorities, which may raise concerns about transparency and accountability. They offer a range of financial products and services, including government savings bonds, bond trading, investment tracking, online trading, trade execution, and portfolio administration. Lambeth Trust , on the other hand, provides advisory and stockbroking services, as well as nominee services, with a commitment to professionalism and integrity. Both entities offer customer support through phone lines and in-person visits during business hours. It's essential for clients to exercise due diligence when dealing with them due to the absence of formal regulatory oversight in their operations.
FAQs
Q1: What are the operational hours for Lambeth Trust's customer support？
A1: Lambeth Trust provides customer support from Monday to Friday, 8 am - 5 pm, excluding public holidays. You can reach them at 01-4539026 and 01-4539017, or visit their office at 8, Alhaji Kanike Close, Off Awolowo Road, S/W Ikoyi, Lagos.
Q2: What financial services does Lambeth Trust offer？
A2: Lambeth Trust offers a variety of financial services, including advisory services, stock broking, and nominee services. They specialize in investment management and stock brokerage, focusing on integrity and professionalism.
Q3: Can Lambeth Trust assist with investment in government bonds？
A3: Yes, Lambeth Trust offers the FGN Savings Bond, which is a risk-free bond issued by the Nigerian government, and they also provide bond trading services in the Nigerian capital market.
Q4: What should potential clients consider due to Lambeth Trust's regulatory status？
A4: As Lambeth Trust operates in a regulatory gray area without direct oversight by specific regulatory authorities, potential clients should exercise caution and conduct thorough due diligence to assess the organization's credibility and reliability.
Q5: Does Lambeth Trust offer online trading services？
A5: Yes, Lambeth Trust offers an online trading platform called uTrade, which allows clients to buy and sell shares on the Nigerian Stock Exchange in real-time, along with additional features like viewing statements and funding accounts.
