Bartleet in new wealth investment plan

Solution to cushion depreciation, high interest rates:

Hiran H. SENEWIRATNE

For the first time in Sri Lanka, Bartleet Trans Capital Limited has launched a holistic financial plan (investment plan) to the public, which is known as the “Wealth Factor’ investment plan.

“This seems to be the method of lessening the chances of depreciating the value for investment, when considering inflation and other volatile factors in economy, when designing the plan,” its Director/Chief Executive Officer, Indrajith Fernando said.

He said that age is not a barrier to contribute to this wealth factor investment plan and anybody including senior citizens, retired people and wealthy people could join in the process.

“More than 20 people have joined with the company on the wealth factor investment plan. Therefore, the company has set up a special unit with professional advisors/staff to help the customers to design their futuristic plans,” he said.

According to Fernando investment/financial plan is designed based on the suitability of the person’s wealth and other income factors including monthly and annual income levels.

Their professionals in the company would advice them by considering the external and internal financial depreciation factors of their assets. “This could be used as a prudent pension fund/scheme to any category of people in the country,” he said.

This wealth factor investment plan system is mainly operated in many developed countries in the world and the company is now in the process of signing a Memorandum of Understanding (MoU) with one of world’s leading professional investment services companies shortly, Fernando said.

A well advised wealth investment plan could be substituted to an insurance, pension or any other retirement scheme, as it is a good solution to the high inflation and interest rate factors locally as well globally, Fernando said.

He said the most popular approach now is diversified asset class investment security. The new asset class approach refers to the type of investment for general shares, property, and fixed interest cash as well.

The wealth factor investment plan minimises the occurrence of risk factors as professional advice are giving advice is given taking internal and external asset depreciations into account, he said.