Jubilee Asset Management Limited has launched a financial advisory centre in Meru, expanding its services to the Mt. Kenya and Upper Eastern regions. The centre, located at Royal Business Park along Tom Mboya Street, is the company's fourth in Kenya. This move aims to bring investment advisory services closer to customers outside major cities. The centre will offer free financial advisory services and investment support to individuals, businesses, and institutions.
The launch of the Meru centre was attended by Acting Chief Executive Officer Cliff Bakashaba, who highlighted the importance of expanding investment advisory services to regional towns. The centre will complement Jubilee's existing outlets in Nairobi and Mombasa. Meru serves as a commercial hub for the wider Mt. Kenya and Upper Eastern regions, with economic activity spanning agriculture, trade, education, healthcare, and transport.
The Kenya National Chamber of Commerce and Industry Meru Chapter CEO Kiogora Mbui welcomed the presence of financial institutions in regional towns, citing the potential to improve access to investment advice and support the growth of local businesses. The centre is expected to support the growth of local businesses and individuals seeking to make informed investment decisions.
Jubilee Asset Management, a wholly owned subsidiary of Jubilee Holdings, has seen significant growth in its assets under management. Since its inception in December 2022, the company's assets under management have grown to more than Sh276 billion. The portfolio comprises over Sh35 billion in retail investment funds and Sh241 billion in institutional funds.
The Meru centre will be supported by Jubilee's JAMHub self-service portal, which allows customers to open and manage investment accounts remotely. This move is expected to enhance customer experience and provide greater flexibility in managing investment accounts. The centre will offer a range of services, including financial advisory and investment support.
The expansion of Jubilee's services to the Mt. Kenya region is seen as a strategic move to tap into the growing demand for investment advisory services in regional towns. The company aims to provide accessible and affordable investment solutions to individuals, businesses, and institutions in the region. The Meru centre is expected to play a key role in driving economic growth in the region.
Jubilee's expansion plans are part of its strategy to consolidate its position as a leading provider of investment advisory services in Kenya. The company has partnered with various organizations to expand its services, including a recent partnership with seven insurtechs to expand insurance access. The growth of Jubilee's assets under management is a testament to its success in providing innovative investment solutions to its customers.
Key points
- Jubilee Asset Management opens a financial advisory centre in Meru to serve the Mt. Kenya and Upper Eastern regions.
- The centre will offer free financial advisory services and investment support to individuals, businesses, and institutions.
- Jubilee's assets under management have grown to more than Sh276 billion since its inception in December 2022.
