Databank Wealth Management

Ghana Stock Exchange

Wealth Management
For most people, building wealth does not come easy, but by a lot of hard work and determination. Databank Wealth Management specializes in helping you acquire more wealth using what you already have. As a Databank Wealth Management client, you have the luxury of choice. Our team can build a customized portfolio to suit your unique investment needs, or recommend a managed portfolio that is right for you. You will also enjoy access to a dedicated fund manager and relationship manager. Databank Wealth Management delivers the enhanced investment experience you deserve.

What We Do
Databank Wealth Management offers you the choice of customized investment solutions through our Private Wealth Management arm or a range of managed portfolio.

Designed for our Private Wealth Management clients, you will enjoy customized asset allocation, daily valuation of your portfolio quarterly reporting and visits. There are three packages to choose from (silver, gold, and platinum), depending on your initial investment amount. Depending on your investment amount you may be placed in either an individually managed portfolio or a pooled portfolio.

Databank Dollar Wealth Pool: Databank Dollar Wealth Pool is your ideal investment option if you wish to preserve and grow your wealth in dollars. It features a minimum tenure of five years.  However, depending on the availability of investment options, clients can invest for shorter or longer periods.

Databank Executive Wealth Pool: The Executive Wealth Pool is designed for individuals who want to build their wealth steadily over time, but have a lower investment amount to start. It’s an open-ended 100% fixed-income investment with a five-year minimum recommended holding period.

Databank KidZ Wealth Pool: The KidZ Pool is a long-term investment package designed for children with the aim of helping parents build proper trusts for their wards. The Pool has an aggressive asset allocation strategy (85% equities, 15% fixed-income securities) to maximize returns at every point in time. The recommended minimum holding period is between 10 to 15 years depending on the age of the child.

Databank Wealth Management specializes in making investments that are tailor-made to the unique profiles and needs of investors. As a Databank Wealth Management client, you have the luxury of choice. Our team can build a customized portfolio to suit your unique investment needs or recommend a managed portfolio that is right for you.

Anyone with a minimum amount of USD 20,000 or its equivalent can invest through Wealth Management.

• Have a minimum of the cedi equivalent of $20,000
• Complete a mandate form and questionnaire
• Provide one passport size picture
• Provide a National ID card (e.g. Passport, Driver’s License, Voters ID, National/Ecowas ID Card, SSNIT Biometric, Birth certificate for minors/ITF account)
• Provide proof of address (e.g. utility bill, Google map print out, Ghana Post GPS address)

• Completed mandate form and questionnaire available at any Databank branch or co-location.
• One passport size picture
• National ID card (e.g. Passport, Driver’s License, Voters ID, National/Ecowas ID Card, SSNIT Biometric, Birth certificate for minors/ITF account)
• Proof of address (e.g. utility bill, Google map print out, Ghana Post GPS address)

Yes. You can sign up via email. Send an email to pwm@databankgroup.com and the requisite documents will be made available to you via email.

Yes. You would need to scan the following documents.
• Completed mandate form and questionnaire available at any Databank branch or co-location.
• One passport size picture
• National ID card (e.g. Passport, Driver’s License, Voters ID, National/Ecowas ID Card, SSNIT Biometric, Birth certificate for minors/ITF account)
• Proof of address (e.g. utility bill, Google map print out, Ghana Post GPS address)
You would also need to scan a passport picture of yourself together with the client indemnity form

Yes. However we would require a scanned copy of an international ID and deposit made via bank transfer.

There is a 1% fee on dollar accounts and 2% fee on cedi investments. This fee is changed annually.

Although we do not recommend it, you are allowed to withdraw your money before the minimum holding period.

There are no withdrawal charges. However, withdrawals from Databank Kidz Wealth pool before the 10th year attracts an exit load fee of 1% to 5%. Also, bank transfers for dollar investments attract transfer charges.

Send an email to PWM@databankgroup.com and the requisite forms will be made available to you.

To make funds available, we need
• Two (2) weeks’ notice for cedi investments
• One (1) month notice for US dollar investments where the withdrawal is partial
• Two (2) months’ notice for US dollar investments where it is a full withdrawal

Clients who have an equivalent of $500,000 or more qualify to join Private Wealth Customized portfolio (Platinum) which gives you the option to select the companies available to Databank.

Unlike the mass market approach to other mutual funds, at PWM, clients are offered a personalized service experience and have a dedicated Fund Manager to advise them.

Currently the only foreign currency investment available is the dollar investment.

Yes, we will withdraw from the current accounts and deposit into the wealth Management account

Clients who have an equivalent of $500,000 or more qualify to join Private Wealth Customized portfolio (Platinum) which gives you the option to select companies available to Databank which trade ethically.

Under the managed portfolios, there is no pool that has an ethical mandate with a higher equity allocation. However, this option exists with the separately managed portfolios. We can design an ethical portfolio for you with a higher equity allocation.

+ Customized Portfolios

Designed for our Private Wealth Management clients, you will enjoy customized asset allocation, daily valuation of your portfolio quarterly reporting and visits. There are three packages to choose from (silver, gold, and platinum), depending on your initial investment amount. Depending on your investment amount you may be placed in either an individually managed portfolio or a pooled portfolio.

+ Managed Portfolios

Databank Dollar Wealth Pool: Databank Dollar Wealth Pool is your ideal investment option if you wish to preserve and grow your wealth in dollars. It features a minimum tenure of five years.  However, depending on the availability of investment options, clients can invest for shorter or longer periods.

Databank Executive Wealth Pool: The Executive Wealth Pool is designed for individuals who want to build their wealth steadily over time, but have a lower investment amount to start. It’s an open-ended 100% fixed-income investment with a five-year minimum recommended holding period.

Databank KidZ Wealth Pool: The KidZ Pool is a long-term investment package designed for children with the aim of helping parents build proper trusts for their wards. The Pool has an aggressive asset allocation strategy (85% equities, 15% fixed-income securities) to maximize returns at every point in time. The recommended minimum holding period is between 10 to 15 years depending on the age of the child.

+ FAQ's

Databank Wealth Management specializes in making investments that are tailor-made to the unique profiles and needs of investors. As a Databank Wealth Management client, you have the luxury of choice. Our team can build a customized portfolio to suit your unique investment needs or recommend a managed portfolio that is right for you.

Anyone with a minimum amount of USD 20,000 or its equivalent can invest through Wealth Management.

• Have a minimum of the cedi equivalent of $20,000
• Complete a mandate form and questionnaire
• Provide one passport size picture
• Provide a National ID card (e.g. Passport, Driver’s License, Voters ID, National/Ecowas ID Card, SSNIT Biometric, Birth certificate for minors/ITF account)
• Provide proof of address (e.g. utility bill, Google map print out, Ghana Post GPS address)

• Completed mandate form and questionnaire available at any Databank branch or co-location.
• One passport size picture
• National ID card (e.g. Passport, Driver’s License, Voters ID, National/Ecowas ID Card, SSNIT Biometric, Birth certificate for minors/ITF account)
• Proof of address (e.g. utility bill, Google map print out, Ghana Post GPS address)

Yes. You can sign up via email. Send an email to pwm@databankgroup.com and the requisite documents will be made available to you via email.

Yes. You would need to scan the following documents.
• Completed mandate form and questionnaire available at any Databank branch or co-location.
• One passport size picture
• National ID card (e.g. Passport, Driver’s License, Voters ID, National/Ecowas ID Card, SSNIT Biometric, Birth certificate for minors/ITF account)
• Proof of address (e.g. utility bill, Google map print out, Ghana Post GPS address)
You would also need to scan a passport picture of yourself together with the client indemnity form

Yes. However we would require a scanned copy of an international ID and deposit made via bank transfer.

There is a 1% fee on dollar accounts and 2% fee on cedi investments. This fee is changed annually.

Although we do not recommend it, you are allowed to withdraw your money before the minimum holding period.

There are no withdrawal charges. However, withdrawals from Databank Kidz Wealth pool before the 10th year attracts an exit load fee of 1% to 5%. Also, bank transfers for dollar investments attract transfer charges.

Send an email to PWM@databankgroup.com and the requisite forms will be made available to you.

To make funds available, we need
• Two (2) weeks’ notice for cedi investments
• One (1) month notice for US dollar investments where the withdrawal is partial
• Two (2) months’ notice for US dollar investments where it is a full withdrawal

Clients who have an equivalent of $500,000 or more qualify to join Private Wealth Customized portfolio (Platinum) which gives you the option to select the companies available to Databank.

Unlike the mass market approach to other mutual funds, at PWM, clients are offered a personalized service experience and have a dedicated Fund Manager to advise them.

Currently the only foreign currency investment available is the dollar investment.

Yes, we will withdraw from the current accounts and deposit into the wealth Management account

Clients who have an equivalent of $500,000 or more qualify to join Private Wealth Customized portfolio (Platinum) which gives you the option to select companies available to Databank which trade ethically.

Under the managed portfolios, there is no pool that has an ethical mandate with a higher equity allocation. However, this option exists with the separately managed portfolios. We can design an ethical portfolio for you with a higher equity allocation.

Why You Should Partner With Us

We will engage with you in a conversation regarding your investment needs and aspirations, to ensure we create an investment bouquet that meets your unique needs. We will then monitor and manage your portfolio on an active basis and communicate with you regularly to ensure you are up-to-date.

As a Databank Wealth Management client, we will assign you a Fund Manager who will work with you to achieve your investment objectives and respond to queries regarding your investments.

Security of your investments is our highest priority, and it is underpinned by the Fund Manager’s commitment to observe the fiduciary duties required by Asset Managers under the Securities Industry Law, 1993 (PNDC 333). Your assets are held directly in your name and can be accessed at your convenience.

In order to protect your privacy with regard to your investments, we commit to the highest standards of confidentiality in managing your investment.

+ Personalized Approach

We will engage with you in a conversation regarding your investment needs and aspirations, to ensure we create an investment bouquet that meets your unique needs. We will then monitor and manage your portfolio on an active basis and communicate with you regularly to ensure you are up-to-date.

+ Dedicated Fund Manager

As a Databank Wealth Management client, we will assign you a Fund Manager who will work with you to achieve your investment objectives and respond to queries regarding your investments.

+ Security

Security of your investments is our highest priority, and it is underpinned by the Fund Manager’s commitment to observe the fiduciary duties required by Asset Managers under the Securities Industry Law, 1993 (PNDC 333). Your assets are held directly in your name and can be accessed at your convenience.

+ Confidentiality

In order to protect your privacy with regard to your investments, we commit to the highest standards of confidentiality in managing your investment.