A South Africa-based wealth management and advisory firm, Carrick, has rolled its operations in the country with a pledge to improve the saving culture among Malawians.
Carrick has said inculcating a culture of saving would help improve people’s wealth creation abilities as well as boost economic growth.
Speaking in Blantyre during the launch of the firm, Carrick Group Chief Executive Officer, Craig Featherby, said research has revealed that the country has a poor savings culture and low levels of financial inclusion; hence, the commitment to push for an improvement.
“We have seen that the Malawi population lacks discipline to save. Therefore, we are going to encourage the importance of saving for the future,” Featherby said.
He said the local market has vast opportunities, which Carrick would tap into.
Rating Carrick as an innovative organisation, Featherby said the firm would bring “tailor made” products to address financial management challenges facing a majority Malawians.
“The market is very much untapped. We are extremely excited because this is a business opportunity,” he said.
Carrick is a wealth management advisory firm working in five African countries in developing a deep understanding of customers’ financial circumstances, immediate priorities and long-term wealth planning goals.
It creates a unique investment and wealth plan, designed to meet a client’s specific needs –be it wealth creation, wealth management or wealth succession.
The firm rolled its operations South Africa in 2014.
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