Aw do I know the trustee’s or fund manager of an investment app.
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Yes. In Nigeria, you can verify the trustee of an investment fund through the fund’s official documents and the Securities and Exchange Commission (SEC) Nigeria register. How to check Find the fund’s name For example, a money-market fund, mutual fund, fixed-income fund, or equity fund. Look at the fRead more
Yes. In Nigeria, you can verify the trustee of an investment fund through the fund’s official documents and the Securities and Exchange Commission (SEC) Nigeria register.
See lessHow to check
Find the fund’s name
For example, a money-market fund, mutual fund, fixed-income fund, or equity fund.
Look at the fund’s factsheet or prospectus
The trustee is normally identified alongside the Fund Manager and Custodian.
Don’t confuse them:
Fund Manager → makes investment decisions.
Trustee → acts on behalf of investors/unit holders and monitors the fund manager.
Custodian → holds the fund’s assets.
SEC describes the trustee’s role as monitoring the fund manager and ensuring the scheme’s assets are held according to the relevant documents.
SEC Nigeria +1
Verify the trustee on the SEC register
Use the SEC’s official Find a Registered Operator service.
Search the trustee’s name and check that its function includes “Trustees” and that its account status is ACTIVE.
SEC Nigeria
SEC Nigeria — Find a Registered Operator
Check that the fund itself is authorised
Don’t only verify the trustee. Also check that the fund manager/operator is registered with SEC and that the fund is an authorised collective investment scheme. SEC identifies unit trusts and other pooled investment arrangements as collective investment schemes.
Before we continue, note that the Trustee and the Fund manager are two different persons. Trustee is simply a body in the company that makes the rules and regulations that the fund manager's followers in order to safeguard the investors money. Fund manager simply means is a body in the company thatRead more
Before we continue, note that the Trustee and the Fund manager are two different persons.
Trustee is simply a body in the company that makes the rules and regulations that the fund manager’s followers in order to safeguard the investors money.
Fund manager simply means is a body in the company that actually put your money into investment, so that they can try and make profit.
These are the simple steps to find the Trustees or fund managers of any investment app;
1. Open the investment app
2. Look for where they write the Fund Factsheet, Fund information or Offer Document.
3. The details of the trustees or fund managers will be there.
For verification;
1. Take the Trustee legal name
2. Go to SEC
3. Search for “Fine a Registered Operator
That’s how you can verify it…I know the information is helpful.
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