Arthur Stevens

Arthur Stevens Asset Management is a Nigerian investment management and stockbroking firm operating from Lagos. Founded on 24 October 2019, the company presents itself as a full-service securities firm catering to both domestic and international investors. Its official website, arthursteven.com, outlines a range of services including equity and fixed income trading, portfolio management, and related advisory.

The firm’s stated mission is to assist investors in navigating the complexities of the Nigerian capital markets. It claims to have assembled a team of professionals with expertise in equities, fixed income, research, and portfolio management. The website also features a board of directors with backgrounds in accounting, finance, and marketing.

According to its website, Arthur Stevens Asset Management is a dealing member firm of the Nigerian Stock Exchange and is registered as a broker/dealer with the Securities and Exchange Commission Nigeria. However, FXCanary’s independent regulatory records do not list any active licences for this entity. The firm’s name does not appear on the SEC Nigeria’s public register of capital market operators as of the time of this review.

This discrepancy between the broker’s claims and available regulatory data is a significant point for potential clients. While the firm may be in the process of registration or the licensing may be under a different corporate name, the absence of verifiable regulatory status warrants caution. Investors are advised to independently verify any licences before engaging with the firm.

Arthur Stevens offers two primary product lines: the ASAM Heritage Equity Portfolio and fixed income trading services. The equity portfolio is tailored to different risk profiles, with income, growth, and balanced options. According to the website, the portfolio aims to construct and manage equity holdings that meet clients’ return objectives while navigating market volatility.

Fixed income services focus on Nigerian debt instruments, including Federal Government bonds, Sukuk, and corporate bonds. The website highlights the attractiveness of Nigerian bonds due to their yields and sovereign risk rating. The firm also provides research reports and quarterly statements to help clients monitor performance. Additional downloadable forms suggest services related to stock transfers, CSCS identification, and trade alerts.

The broker discloses a management fee of 0.75% per annum on assets under management for the portfolio management service. It also charges a performance fee of 20% on returns exceeding a pre-agreed hurdle rate. These fees are typical for active asset management but should be weighed against the value of services provided.

Clients receive quarterly account statements and portfolio performance reports. Monthly review meetings with a designated portfolio manager are also included. The fee structure is transparently displayed on a downloadable flier available on the website.

Arthur Stevens Asset Management appears to target both retail and high-net-worth investors interested in Nigerian capital markets. Its equity and fixed income products are suitable for long-term investors seeking professional management. The firm also positions itself to serve international investors looking to access Nigerian securities.

Given the lack of verifiable regulatory licences, the broker may be more appropriate for investors who can conduct their own due diligence and are comfortable with the risks of an unregulated or lightly regulated entity. The firm does not appear to offer leveraged retail forex trading or CFD products, so it is not aimed at short-term speculators or forex traders.

Arthur Stevens Asset Management was incorporated on 24 October 2019, based in Lagos, Nigeria. The registered address is 86 Raymond Njoku Street, Off Awolowo Road, SW Ikoyi, Lagos. The company has an active social media presence on Facebook, Instagram, LinkedIn, and Twitter/X, though the extent of engagement is not detailed.

The firm’s website provides information about its management team and board, but limited historical data or financial performance is available. The relatively recent founding date and the gap between its claimed licences and actual regulatory status contribute to FXCanary’s guarded risk assessment.