What happens to our portfolios if Abacus goes under?

vmumo

Is it insured or something?

lexndegwa

Following this

Anto

waiting for an answer to this..

Ivangisairo

me too

Davelly

@derrick4 maybe you could help us here

jmwanyiro

am also waiting

vmumo

Anyone? @gnguyo @derrick4 @

muriithi_kabogo

I would also like to know

batman

The silence on this thread from the Administrators is worrying.
For me, I just use the free version until they are able to remedy this.
But the silence is definitely not a good indication.

Ivangisairo

this not the cool way of doing things

gnguyo

Assets are held under custody by Genghis Capital for shares. Incase Abacus goes under, you will be able to claim your shares from Genghis Capital.

vmumo

gnguyo What about other holdings like Unit Trusts?

gnguyo

You will be able to retrieve your Unit Trusts from the Unit Trust selected. If its Sanlam. You will recover from Sanlam.

sekta

You should be regulated by cma

derrick4

As a company we pride our self in putting our clients first. We have implemented work around strategies to ensure our users get value for their investment done on Abacus whether we go under as a business or any of our partners go under. Our users are able to get their investment back any time they want to.

We are regulated by CBK, and CMA. So we would like to re assure you that you have nothing to worry about when investing through Abacus.

Ambugua

Thats nice if you are regulated by CMA,do you have a physical location or address where one can visit and inquire thanks

derrick4

We are located on Landmark plaza along Argwings Kodhek Road.