Month: September 2020

Ask Shade About Trusts: My Salary Has Been Slashed, How Can I Give my Child the Best Education?

Dear Shade,

I am a single mother and for the past 6 years, I have been raising my child alone. I vowed to do whatever I can to give my child the best of education so that she can achieve her dream of becoming a pilot. Due to the current COVID-19 pandemic, we had a pay-cut at work where my salary was reduced by 30%, but I still want to fulfill my vow of giving my child the best education. Kindly advise me on what I can do.

– Stella, Bonny Island

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Dear Stella,

I appreciate you reaching out to me.

Firstly, I must commend your strength and determination to provide your daughter with the very best education.
The COVID-19 pandemic took everyone by surprise and I am sorry to hear that you were directly affected financially. I do hope things revert to normal as soon as possible.

In pursuit of achieving the high standard you have set and uninterrupted education for your daughter, you could consider establishing an education trust. An education trust is an arrangement that allows you to set aside funds for your daughter’s education and welfare by transferring funds to a corporate trustee to hold in trust for the benefit of your daughter. By setting up the education trust, you would be ensuring that your daughter’s education remains uninterrupted regardless of a change in your circumstances, i.e., death, job loss, or permanent disability. An education trust also ensures the protection of the trust fund from unwanted access or undue family interference and promotes tax savings.

Another feature of the education trust worth mentioning is the fact that the trust fund is never left idle. It would be invested to ensure the growth of the fund and liquidity pending when it is required for the purpose for which the education trust was set up for, such as making payments for school fees. In order to find out more about how this arrangement works, I would advise that you speak with a trust advisor.

I do hope that the information which I have provided is very helpful and I wish you the very best as you forge ahead in your endeavors.

Warm regards,

The post Ask Shade About Trusts: My Salary Has Been Slashed, How Can I Give my Child the Best Education? appeared first on Realising Ambitions.

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ARM Mutual Fund: Fact Sheet (August 2020)

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ARM Launches ARM Sandbox, an API Service for Fintech Startups

Leading Financial Services firm, Asset& Resource Management Holding Company; ARM, has launched a new and more efficient way for Fintech firms to scale their integration and customer acquisition plans, the ARM Sandbox. .

The ARM Sandbox allows Fintechsthat resell APIs (Application Program Interface), provide e-wallet, investments and payment services to integrate ARM’s API into their solutions. This will provide a platform for Fintechs to expand their services to new markets, leverage the credibility of the ARM brand name and best of all, earn from the management fees paid quarterly by the company.

ARM has been at the fore front of innovation through collaboration, by helping startups realise their ambitions. So Far, the company has partnered with Ventures platform to create a Fintech focused accelerator called Labs By ARM and its youth awards initiative, DAAYTA f Through these programs, ARM supports g entrepreneurs with smart and innovative ideas that have a positive impact on people’s lives and the communities that surround them..

The introduction of ARM Sandbox is in line with the company’s objective of collaborating with Fintechs and providing a platform that enables innovation and reduce the barrier to entry for Fintechs in the asset management industry.

Speaking at the launch, Henrietta Bankole-Olusina; Managing Director, ARM Financial Advisers, Stated that; “The ARM Sandbox platform will empower fintech firms across Africa to achieve their growth goals. Also, it will give them the opportunity to provide value added services to their clients and improve and enhance their customer acquisition strategies”.

We encourage Developers, Product Managers, Business development officers to visit www.sandbox.arm.com.ng to viewand test the APIs. If interested they can reach out to[email protected] to get started. Our APIs are RESTful and we have ensured proper API documentation to guarantee ease of use.

ABOUT ARM

Established in 1994, ARM is an asset management firm that offers wealth creation opportunities through a unique blend of traditional asset management and alternative investment services. Managing a total asset of approximately N1.25 trillion (as at December 2019)

With an AA rating from Agusto and Co. and was named Investment Management Company of the year by The International Investor Awards. The Firm is regulated by the Nigerian Securities and Exchange Commission (SEC).