A trust is a formal contract between you and a trustworthy person or business to manage assets like money, rental properties, and other investments for the benefit of another person.
A trust can also be used to fund a charitable organization, to secure assets until a minor reaches a certain age, or to pay money to family members after your death.
Trusts can provide substantial tax planning benefits in addition to asset protection.
A trustee is the legitimate holder of the trust assets and the individual or business that runs the trust. Trustees must follow the trust’s requirements, work for the betterment of all beneficiaries, and minimize or remedy conflicts of interest if they emerge. A trustee must be fair and careful above all else.
Managing trust is difficult and time-consuming. By selecting any trustee services in Nigeria, you’re leaving your trust in the experienced and trustworthy personnel.
They take care of everything Themselves. All of their trustee operations are handled in-house, with their own portfolio managers, tax experts, and lawyers collaborating to help beneficiaries and handle trust assets.
Read:Â Current Full List of Nigerian Banks 2021 | Latest Update
List of Trustee Services in Nigeria
Here are some of the best trustee services in Nigeria:
Quantum Zenith Trustees & Investments Limited
The Securities and Exchange Commission granted Quantum Zenith Trustees a trustee accreditation in Nigeria in 2004.
They assist private citizens, families, corporations, and governments with asset transfer, asset management, income distribution, and charitable initiatives.
They have built a reputation for first-class expertise, maximum confidentiality, innovative massive wealth management, and compassionate customer support over the last 15 years.
Address
12th Floor, Plot 2, Ajose Adeogun Street, Victoria Island, Lagos
Phone
+234-1-01 2784129, 2783215, 2783216, 2783220, 2783225.
Fax
01 2710617
Email
[email protected]
UTL Trust Management Services Limited
UTL Trust Management Services Limited (previously Union Trustees Limited) has more than fifty years of technical expertise and dedication in a wide range of Trust transactions. UTL began its activities as a Subsidiary company in 1966 as a unit of Barclays Bank (Nigeria) Limited.
Today, UTL specializes in governmental, institutional, and private trusteeship, as well as investments management, and has a proven track record of success. The Securities and Exchange Commission (SEC) has granted them a Trustee and Funds/Portfolio Manager license.
PHONE NUMBER
01-2705306, 01-2705307
ADDRESS
UTL Trust Management Services Limited
RC 4834
2nd floor, ED building, 47 Marina.
P.O. Box 5543, Marina, Lagos
FBNQuest Trustees
As the key provider of Trusteeship services, FBNQuest Trustees has a solid market presence. They provide Private, Business, and Government Trust Services to assist you in navigating the complexity of life and work while also assuring the preservation of your wealth and posterity.
Their Trust experts offer frictionless possibilities, ensuring that your possessions are administered in the right direction, with a range of experience reaching 40 years. Their team of seasoned specialists prioritizes your needs, guaranteeing that your assets are safeguarded, secured, and passed in the manner that you desire. They provide customers with unmatched quality in terms of what they wish to protect as well as the performance and reliability of their services as big players.
You can contact them at:
Lagos
16 Keffi Street, Off Awolowo Road, S.W. Ikoyi, Lagos, Nigeria
E-MAIL: [email protected]
Phone: +234(0) 708 062 6000-4
Opening Hours: 9.00 – 16.00 Monday to Friday
Abuja
Plot 18, Mediterranean Street Imani Estate, Maitama, Abuja.
E-MAIL: [email protected]
Phone: +234(0) 708 062 6000-4
Opening Hours: 9.00 – 16.00 Monday to Friday
Port Harcourt
3rd Floor, 22/24, Aba Road, Port Harcourt, Rivers State.
E-MAIL: [email protected]
Phone: +234(0) 708 062 6000-4
Opening Hours: 9.00 – 16.00 Monday to Friday
ARM Trustees Limited
ARM Trustees Limited (ARM Trustees) is a 100 % division of ARM Traditional Asset Management Company Limited (ARMTAM), Nigeria’s biggest non-bank financial company. They work with their clients to safeguard their assets and add tremendous value to agreements.
Their company and offerings have expanded to guarantee they are well-positioned to produce wealth for your businesses or preserve your legacy, with over 18 years of industry knowledge and a squad of committed specialists. Their main goal is to provide high-quality solutions in a timely and competent manner.
They are known for their objectivity in bond fund dealings, trust management/administration capabilities, and timely and high-quality services. Furthermore, the dynamic relationship that ARM Trustees has with its parent firm, ARM, is extremely advantageous to their potential clients.
Call: 0700 ARMENGAGE, 01- 271 5002
Facebook: ARMEngage
Twitter: ARMEngage
LinkedIn: ARMEngage
Vetiva Trustees Limited
Vetiva Trustees Limited combines world-class knowledge and technical competence in the delivery of Institutional and Private Trust Services designed to meet the needs of individual clients.
Their services are designed to deliver unique Legal and Trust frameworks, backed by the extraordinary resources and expertise of Vetiva Capital Management Limited, one of Africa’s premier wealth management businesses.
+234-1-2719570
STL Trustees Limited
STL Trustees Limited is a company that has been in operation for more than 20 years. The Securities and Exchange Commission has licensed the company as Trustees and Funds/Portfolio Managers, and it has operational experience in a variety of critical parts of the economy.
STL Trustees is among the three leading trust services in Nigeria, with an amazing record of success and reputation as a financial sector player and, more importantly, as a leader in the trusteeship business in particular, over the last twenty years.
Their objective is to make trust easier to understand and provide tailored trust solutions that offer long-term value to their stakeholders. At STL Trustees, they take the time to understand their clients’ individual needs and tailor Trust solutions to meet those needs.
They build meaningful, long-term connections with their customers in order to truly comprehend their needs and provide them with unmatched service.
EMAIL: [email protected]
PHONE: +234-1-6311264; +234-8103385944
ADRESS: Plot 183, Moshood Olugbani Street, Victoria Island
Lagos.
Greenwich Trustees
Greenwich Trustees began as Afribank Trustees and Securities Limited, a division of the then Afribank Nigeria PLC, on November 6, 1991.
Eventually, the company was renamed Afribank Trustees & Asset Management Company LTD. In the year 2000, the company began operations.
The name of Afribank Trustees & Asset Management Company LTD was replaced with Mainstreet Bank Trustees & Asset Management Company LTD in 2011 as a result of the Central Bank of Nigeria’s (CBN) involvement in the parent financial institution, Afribank Nigeria PLC, which ultimately resulted in the establishment of a bridge bank called Mainstreet Bank Limited to take responsibility of the financial assets of Afribank Nigeria PLC.
So after Skye Bank PLC’s purchase of Mainstreet Bank Limited in 2014, the administrators of Mainstreet Bank became 100 percent controlled by Skye Bank PLC; however, in 2016, Skye Bank finally sold to an investment group in response to the Central Bank of Nigeria’s guideline to a commercial bank to disassociate from non-core banking affiliates.
Greenwich Trustees has offered wealth management to a number of clients, including high-net-worth people, corporations, politicians, educational organizations, and investment firms, on matters relating to private trusts, bond flotation, and credit refinancing.
Global Credit Rating has given Greenwich Trustees a BBB+ rating. The Securities and Exchange Commission regulates the company’s activities (SEC).
Head Office Address
5th Floor, St. Nicholas House
No. 2-10 Hospital Road,
Lagos Island, Lagos
Port Harcourt Office Address
26 Aba Road, Opposite UPDC Road,
Port Harcourt, Rivers State.
09055694150
Abuja Office Address
Coscharis Centre (4th floor)
Plot 388 Central Business District,
Abuja.
09055694156
E-Mail Address
[email protected]
Customer Care Number
+234-1-4544582-3
Who needs a Trustee?
If you are still unsure if you need a trustee, I believe you should consider the following questions.
Do your finances appear to be out of control?
Do you still struggle to save money each month?
Do you have an emergency reserve to cover the unavoidable “rainy day”?
Are you unsure where to begin on your path to financial independence?
Have you ever put a typical financial plan into action?
Do you continue spending more than you earn, resulting in less monthly money and increasing debt?
Is your financial foundation solid enough to endure the acceleration phase of wealth creation?
Suppose you identify with any of these questions. In that case, you should consult with an Investment Specialist or a Trustee, and the good news is that there are very reputable trustee businesses in Nigeria.
Because a trust firm is engaged to operate as a fiduciary for the client, all investment choices are made by the trust company, which is operating in the best interests of its client. This is beneficial to people who cannot make their own financial decisions.