Safety: Is my money secure with Ndovu?

When it comes to selecting an investment partner, there are several questions that arise in the investor’s mind.

Undoubtedly, the first one is on safety.

(Pro tip: To learn more about the other questions that you should be asking, visit Ndovu Academy ? )

So how does a money manager keep your investments safe? What measures and best practices do they have in place to ensure that your money is secure at all times? Are they thinking about the protection of your data?

All these questions are spot on!

When we designed Ndovu, we did it as both entrepreneurs and as investors.

So how do we ensure the safety of your hard-earned money?

Regulation:

The founders of Ndovu bring several decades of investment experience from the leading regulated financial institutions around the world. They have first-hand knowledge of the myriad Acts, Regulations and Rules that govern investment management. This has enabled us to comprehensively implement global best practice to ensure that your money is being managed appropriately.

Ndovu is an online platform owned and run by Waanzilishi Capital Limited, an investment adviser licensed by both the Capital Markets Authority and the Institute of Certified Investment and Financial Analysts. All our operations are in accordance with the laid out Conduct of Business Rules for the capital markets.

Bank-Level Security:

You wouldn’t leave your house unlocked, would you? Your investment account is the house for your money. You must have robust protection in place.

Security has become increasingly crucial in this digital age. We use secure servers backed up by physical security to ensure full time safety of money. We adhere to intelligence agency-level security standards & have ultra-strict internal policies to ensure the highest level of safety.

Everything is encrypted:

We recognise the importance of keeping your personal data secure. We use state-of-the-art data encryption when handling your financial information & two-factor authentication (2FA) protection. Our operations comply with both the EU General Data Protection Regulation and Kenya’s Data Protection Act (2019).

Where are your funds held?

In line with global best practice, as implemented by the leading investment managers across the globe, your funds are held separately from our operations. Here is a infographic that illustrates where your money sits:

This approach is used globally to protect investors’ funds in case of an unforeseen event that drives a money manager out of business. In a scenario where this unfortunate incident occurs, the regulator would step in and work alongside the custodian to distribute the investments held on behalf of each investor.

Ndovu’s custodial partner is regulated by the Central Bank of Kenya.

So, when it comes to selecting an investment partner, you now know what to look for!

What do YOU look out for when selecting an investment? Let us know in the comments and we’ll break it down right here on Ndovu Academy!

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