PORTFOLIO MANAGEMENT

In any advanced capital market, nobody trades by themselves. They leave it to the Professional money managers. So the practice is gaining popularity in Bangladesh as individuals and Corporate do not have proper resource base and tool to analyze a particular stock or market. They do not get enough time to deal with such issues.

In order to assist clients (individuals and corporate) to invest in the market Professionally, NRBEML has introduced:

NON DISCRETIONARY ACCOUNT

In a non-discretionary Account, any individual or corporate can do keep their money in the NRBEML Portfolio Account but cannot trade by themselves, without the help of NRBEML Portfolio Manager.

REQUIRED DOCUMENTS FOR ACCOUNT OPENING

1. Passport size Photographs of the Applicant (with Applicant’s name in block letters, signature and attestation by the CSO).
2. passport size photograph of the Nominees (attested by the Applicant). In case the Nominee is a minor, a document of Guardian must be provided by the Applicant.
3. Photocopy of National ID
4. If National ID Card is not available, then copy of Passport/Driving License/Nationality Certificate with attested photograph of the Applicant.
5. Bank Certificate (Mandatory in case where National ID Card is not available)/Bank Statement.
6. Photocopy of Employee ID Card/ Letter of Introduction from Employer/ Visiting Card/ approval of Operational Head (applicable only for service holders).
7. Trade License/approval of Operational Head (applicable for businessperson).

FOR JOINT A/C OPENING

1. 2 Passport Size Photographs of both Applicants (with name of the Applicants in block letters, signature and attestation by the CSO).
2. 1 Passport Size photograph of the Nominee, if any (attested by both the Applicants). In case the Nominee is a minor, a document of Guardian must be provided by the Applicants.
3. Photocopy of National ID of both Applicants.
4. If National ID Card is not available, photocopy of Passport/Driving License/Nationality Certificate with attested photographs of both Applicants.
5. Bank Certificate (Mandatory in case where National ID Card is not available)/Bank Statement (at least for the Principal Applicant).
6. Photocopy of Employee ID Card /Letter of Introduction from Employer /Visiting Card /approval of operational head (applicable only for service holders), at least for the Principal Applicant.
7. Trade License/approval of Operational Head (applicable for business person).
8. 1 photograph of the Authorized person, if any (attested by both the Applicants) and also a copy of any national photo ID of the Authorized person.

OPEN CORPORATE ACCOUNT

LIST OF REQUIRED DOCUMENTS FOR A PROPRIETORSHIP CONCERN

1. Copy of valid Trade License.
2. 1 Photograph of the Authorized Signatory (if any) attested by the Principal Applicant.
3. If Nominee is mentioned, then signature and 1 photograph of the Nominee, attested by the Applicant.

LIST OF REQUIRED DOCUMENTS FOR A PARTNERSHIP CONCERN

1. Copy of valid Trade License.
2. Partnership Deed.
3. 1 Photograph of the Authorized Signatory (if any) attested by all the partners. Partners’ Letter of Authority to open account and authorization for operation.

LIST OF REQUIRED DOCUMENTS FOR A LIMITED LIABILITY COMPANY

1. Copy of valid Trade License.
2. Copy of RJSC Certified Memorandum and Articles of Association (MEMART), including the below documents in the MEMART:
3. Copy of Certificate of Incorporation and Certificate for Commencement of Business (for Public Limited Companies)
4. Latest copy of Form XII.
5. List of Directors along with addresses, or
6. A license from Bangladesh Bank (in case of financial Institutions).
7. List of Authorized Signatories along with address.
8. Copy of Board resolution to open the account and authorization for operation.

LIST OF REQUIRED DOCUMENTS FOR AN ASSOCIATION/ TRUST/ SOCIETY/ PROVIDENT FUND

1. Trust Deed (for trust accounts only).
2. Copy of constitution /bylaws /rules. Certificate of Registration.
3. List of members of the Governing Bodies along with addresses.
4. Copy of resolution of the Governing Body to open the account and authorization for operation.
5. List of Authorized Signatories along with addresses.
6. Recognition Letter from NBR (for provident funds only).
7. List of Authorized Signatories along with address.
8. Subject to change at the discretion of portfolio manager

FOR DETAILS REGARDING ANY FURTHER INFORMATION REGARDING

1. Account opening FORM.
2. Portfolio Management Agreement.
3. Account operation costs and expenses.
4. Execution procedures.
5. Margin loans.

Please talk to our Portfolio Management department. You can download the Portfolio Management Account opening FORM our download section of our website.