Wed | Dec 7, 2016

Mayberry boosts products and services

Published:Monday | October 6, 2014 | 12:00 AM
Gary Peart, chairman of Mayberry.

Mayberry Investments Limited (MIL) is ramping up its offering of pension-related products.

"The statistics show that not enough Jamaicans actually put away money for a rainy day," said, CEO of Mayberry Gary Peart. "We're not known as a pension fund manager, but more an investment manager ... and those products perform pretty well." MIL offers pension-fund manager services, as well as provides for individual retirement plans. Other aspects of its asset-management services include mutual funds and managed portfolios. As far back as 2008, Mayberry launched its individual retirement account, beating other more-established financial entities to the punch in the process. But the company, which currently has more than 5,000 shareholders and more than 20,000 clients, has a variety of products and services.

Financial experts will tell you investing in the stock market can be a tricky proposition. Fortunes have been made and lost in record time. MIL is a licensed stockbroker, advising clients on selling and buying shares in various entities. Mayberry also trades stocks for clients in the United States and the United Kingdom stock and bond markets. Overall, the company is heavily involved in trading, including foreign exchange, Bank of Jamaica and Government of Jamaica Primary Issues, as well as bonds and other fixed income assets. But the company's offerings encompass more than individual accounts and goals.

MIL is actively involved in what is termed corporate financing, which covers areas such as corporate advisory, corporate debt financing and refinancing and private placement, the sale of securities to a relatively small number of select investors as a way of raising capital. The company also oversees mergers and acquisitions, initial public offerings (the first sale of stock by a company to the public) and, divestitures. The company also deals in investment banking, creating capital for other companies. Investment banks underwrite new debt and equity securities for all types of corporations.

MIL was established in July 1985, by the late Maurice Berry, a former deputy governor of the Bank of Jamaica. Initially it concentrated on trading shares on the Jamaica Stock Exchange, but in relatively short time, has become a full service financial advisory and brokerage firm.

For more about Mayberry Investments Ltd, watch 'Corporate Coffee Mornings' with Barbara Ellington at www.jamaica-gleaner.com and scroll to Videos.