Madison launches MPremier for managers


IN A quest to offer holistic wealth management services, Madison Asset Management Company (Mamco) has launched a product that will provide a one-stop shop for portfolio managers and financial service administrators.
The product dubbed ‘MPremier’ combines portfolio management services with other financial options such as motor insurance, home insurance, travel, estate planning, life and medical insurance, wills and trusts, tax compliance and advisory services.
Mamco managing director Muchindu Kasongola said the product will encompass all services offered by the subsidiaries of the LSA Group as the company aspires to create wealth and protect clients’ assets.
“As markets become more complex and investment products more diverse, we felt a profound sense of obligation to develop a service that would ensure that our clients optimise on the available investment opportunities while at the same time have sufficient protection in their portfolios to mitigate inherent down-side risks, “ Mr Kasongola said at the launch of the product on Thursday evening.
At the same function, former Airtel Zambia managing director Charity Lumpa said there is need for innovative ways of managing wealth in view of volatilities in the domestic and international markets.
“The launch comes at a time when retail and institutional investors are seeking new ways of managing their wealth in turbulent times. These difficult times call for particular emphasis on protection,’’ Ms Lumpa said.

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