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  • Overview
  • Features
  • Benefits

Madison Asset also offers asset management services to institutions that have adequate liquid investments but are unable to manage these investments on a day to day basis.

Usually, such clients appoint a custodian who holds the assets on their behalf and then appoint Madison Asset as the fund manager to oversee the day to day management of the investments.

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The product line is intended to take the burden of day to day management of investment from corporates whose key mandate is to offer other types of products/services but have little expertise in investment management.

Tailored product

Tailored product

  • At the beginning of the engagement, the fund manager will sit down with the client and prepare an Investment Policy Statement that will among other matters cover the risk profile of the investor, the return requirement of the investor, the time horizon of the investor and any constraints or special considerations for the investor.
  • This Investment Policy Statement will be reviewed every year to take account of changing investor needs.
  • The Fund manager will make all investments in accordance with the specific investor’s Investment Policy Statement.

Monthly Consultation with the client

Monthly Consultation with the client

  • The fund manager will provide the client with a monthly report showing the existing investments, the return achieved in the month and how this compares with agreed target return and the proposed investment for the coming month
  • During this meeting, the investor will have an opportunity to make comments and suggestion to the achievement of the month and on the proposed investments for the coming month.

Monthly statement from the custodian

Monthly statement from the custodian

  • In addition to the monthly report from the fund manager, the investor will also receive a monthly statement from the custodian confirming that they are holding, on behalf of the investor, the investments that the fund manager has shown.
  • The monthly statement from the custodian confirms to the investor that their assets are safe and do indeed exist.
  • The investor will have freedom to query from the custodian to make any clarification on the monthly statement received.

Custodial account can be used for other investments

Custodial account can be used for other investments

  • It is important to note that the investor can move other investments into the custody account and that the custody account is not restricted to the specific investment that are managed by Madison asset.
  • Indeed, holding investments through a custody account has many benefits and is likely to be the way of the future.

1. Safety of investments

1. Safety of investments

Because the investments are held by a custody bank on behalf of the investor, they are safe and cannot be misused. Further and unlike individuals, when doing investments like purchase of quoted stocks, the custodian will only pay the broker when they have received the stocks – this reduces the chance that money can be lost in the settlement process.

2. The fund manager can put your eggs in different baskets

2. The fund manager can put your eggs in different baskets

Although the investors funds are managed separately, the fund manager will be managing other similar funds and can pool all these funds together creating a big enough fund that can be spread to many investments and, therefore, reduce risk.

3. The fund manager has better bargaining power when carrying out investments

3. The fund manager has better bargaining power when carrying out investments

The fund manager can bargain for better returns on investment. For example, commissions paid to stockbrokers are discounted while money invested in fixed deposits attracts better return.

4. Professional Investment Management

4. Professional Investment Management

The daily management of investment is done by the fund manager who is highly competent, qualified and experienced. The Fund manger only job is to look for good stocks and realize good return.

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