You’re sitting on ₦25 million in business profits. It’s more money than you’ve ever had at once. The smart move is to invest it, but you have questions: Stocks or bonds? Real estate or mutual funds? How do you protect it from inflation while still accessing it if an opportunity hits?
So you Google “financial advisors” and get overwhelmed. One firm promises 30% returns (sounds too good to be true). Another wants ₦50 million minimum just to talk to you. A third drowns you in jargon about “alpha generation” and “portfolio rebalancing” without ever explaining what you actually get.
Meanwhile, your money sits in a savings account earning 5% while inflation circles at 25%. You’re losing ₦5 million in purchasing power every year just by waiting to figure this out.
Here’s what’s actually happening: You don’t need more investment options. You need someone who understands where you’re coming from, where you want to go, and who builds a clear path between the two without the sales pitch or complexity.
That’s what financial advisory should be. Not selling you products. Not impressing you with fancy terms. Just honest guidance that matches your money to your actual goals.
This guide breaks down the top 10 financial advisory firms in Nigeria and what each one actually does.
The Top 10 Financial Advisory Firms in Nigeria
1. Lukefield Finance
Best for: Business owners and professionals who want straightforward financial guidance without pretense
Most financial advisory firms only talk to you if you have ₦50 million to invest. Lukefield Finance operates differently: they provide accessible financial planning and investment management for people building wealth, not just those who already have it.
What makes Lukefield’s advisory approach different
While competitors position themselves as exclusive wealth managers for ultra-high-net-worth clients, Lukefield structures its advisory services around practical questions business owners and professionals actually ask:
“I have ₦5 million saved. What should I do with it?”
“My business generated ₦20 million this year. How do I protect it and grow it?”
“I’m 45. How much do I need to retire comfortably in 15 years?”
Their financial advisory philosophy
1. Start where you are, not where advisors think you should be
They don’t require you to fit an ideal client profile. Whether you’re starting with ₦500,000 or ₦50 million, they profer possibilities that make sense for your current situation and future goals.
2. Plain language, zero jargon
You shouldn’t need a finance degree to understand your own money options. Lukefield explains strategies in terms that make sense to business owners focused on running companies, not studying capital markets.
3. Flexible structures that adapt to real life
Life changes. Business cycles shift. Opportunities appear. Their advisory approach accommodates these realities instead of locking you into rigid long-term plans that become obsolete in six months.
Financial advisory services
Investment strategy and planning
They analyze your current financial position, define clear goals with specific timelines, assess your real risk tolerance (not just what you think it should be), and build diversified investment strategies matching your situation.
This isn’t generic advice. It’s specific guidance on how much to allocate to fixed income versus equities, which investment vehicles match your timeline, how to balance growth with safety based on your life stage, and when to take profits or reinvest returns.
Cash flow and funds management
For business owners, Lukefield helps manage the tension between keeping cash liquid for operations and investing reserves for growth. They structure strategies that:
- Earn returns on working capital without sacrificing access
- Balance short-term needs with long-term wealth building
- Optimize tax efficiency across personal and business finances
- Plan for both expected expenses and unexpected opportunities
Retirement and wealth preservation planning
They calculate exactly how much you need to maintain your lifestyle in retirement, factor in inflation’s real impact over 10-30 years, structure investments to generate income when you stop working actively, and build contingency plans for health expenses and family obligations.
Why choose Lukefield for financial advisory
- Accessible minimums: You don’t need ₦50 million to get real advice. They work with clients building wealth, not just preserving it.
- Practical timelines: Investment recommendations match real planning horizons (1-3-5-10 years), not academic ideal scenarios.
- Business-owner focus: They understand business cash flow cycles, profit reinvestment decisions, and the unique challenges of managing both personal and business wealth.
- No product pushing: Their job is advising you, not selling you their proprietary funds. Recommendations are based on your goals.
- Transparent fees: Advisory service is free. Any other cost will be communicated upfront, not buried in fund management charges.
- Relationship continuity: You work with the same advisor who learns your situation, not random staff rotating through your account.
- CBN oversight: Licensed and regulated, giving you protection and recourse if issues arise.
Pros:
- Accessible to professionals and business owners with ₦500,000+ to invest
- Clear, jargon-free advice focused on practical outcomes
- Flexible strategies that adapt as your situation changes
- No pressure to invest in specific products
- Relationship-based approach where advisors know your name and situation
- Transparent fee structure without hidden charges
- CBN-licensed and regulated
- Understands business owner cash flow and reinvestment decisions
Cons:
- Smaller scale than institutional giants
- May not offer ultra-specialized services like offshore trusts or private equity placement
- Less suitable for ultra-high-net-worth clients needing family office-level complexity
Contact our financial advisors to discuss your financial goals.
2. Chapel Hill Denham
Chapel Hill Denham is Nigeria’s leading investment bank, named Euromoney’s Best Investment Bank in Nigeria nine times in the last decade. Their financial advisory focuses on large-scale transactions: M&A, capital raises, debt structuring, and equity placements. They’ve closed over 370 transactions worth ₦51.2 trillion.
Pros: Unmatched track record in major transactions, deep expertise in corporate finance and M&A, first choice for multinationals and governments seeking advisory, comprehensive wealth management for ultra-high-net-worth individuals.
Cons: Services oriented toward institutional clients and major corporations, likely inaccessible to individual investors with portfolios under ₦100 million, complexity and scale not suited for straightforward personal financial planning, advisory fees reflect institutional pricing.
3. United Capital Asset Management (UCAML)
United Capital offers investment advisory, portfolio management, and financial planning with full SEC licensing. They manage collective investment schemes, corporate funds, and gratuity funds while providing advisory services for clients who want decision control. Their strength lies in institutional relationships and structured products.
Pros: Full SEC licensing provides regulatory oversight, a broad service suite covering mutual funds to pension management, works with multinationals and foundations on sophisticated strategies, established track record with corporate clients.
Cons: Institutional focus may mean less personalized attention for smaller individual clients, likely requires significant minimum investments, complex product structure might overwhelm straightforward planning needs, and fee structures are not publicly transparent.
4. Afrinvest
Afrinvest (West Africa) Limited is a capital market holding company providing financial advisory services through multiple subsidiaries: Afrinvest Capital (investment banking), Afrinvest Asset Management (portfolio management), Afrinvest Securities (trading), and Afrinvest Consulting. They advise blue-chip companies on M&A, capital raising, and international transactions. Founded in 1995, they’ve built a 30-year track record in Nigerian markets.
Pros: Comprehensive financial advisory across investment banking, asset management, and securities trading; strong M&A and corporate finance expertise; automated investment platform with mobile app access; offices in Lagos, Abuja, Kano, Onitsha, and Port Harcourt provide national reach; deep research capabilities inform advisory decisions.
Cons: Advisory services primarily target high-net-worth individuals, corporations, and institutions; complex holding structure with multiple subsidiaries may confuse straightforward advisory needs; minimum investment requirements are not publicly disclosed; institutional focus may limit personal financial planning accessibility.
5. Stanbic IBTC Asset Management
Stanbic IBTC provides financial advisory backed by a major banking group infrastructure. Their advisory spans traditional assets (equities, fixed income) and alternatives (private equity, unquoted securities). They leverage technology for real-time portfolio access and maintain strong risk management practices.
Pros: Banking group backing provides security and resources, a cutting-edge technology platform with online portfolio access, a wide range of traditional and alternative investment advisory, award-winning performance, strong track record in risk management.
Cons: Institutional scale may mean less personalized advisory for smaller clients, likely requires significant minimum assets under management, banking group ties may limit independent investment perspective, complex product suite might overwhelm simple planning needs.
6. FSDH Asset Management
FSDH Asset Management, part of the FSDH Group, offers financial advisory services focusing on fund management, wealth planning, and portfolio services. They serve individuals, corporates, and institutions with market insights, financial updates, and customized solutions. FSDH emphasizes a client-first approach with personalized strategies.
Pros: Decades of experience in Nigerian financial markets, comprehensive advisory covering investment management and financial planning, part of respected FSDH Group with strong reputation, focus on long-term client relationships, provides regular market insights and performance updates.
Cons: Limited publicly available information about minimum investment requirements and fee structures, institutional heritage may mean advisory services skew toward larger clients, and requires direct contact to assess accessibility for smaller portfolios.
7. Meristem Wealth Management
Meristem provides investment advisory with a focus on equities, mutual funds, and alternative investments. They help clients align financial goals with practical strategies and offer digital infrastructure for portfolio management and tracking.
Pros: Strong digital platform makes portfolio monitoring accessible, focuses on aligning advisory with client goals rather than product pushing, expertise in equities and alternative investments, technology-forward approach appeals to modern investors.
Cons: Limited detailed information about specific advisory services and minimum requirements, newer players compared to established institutional firms, requires direct contact to evaluate advisory approach and fees.
8. ARM Investment Managers
ARM (Asset & Resource Management) is well-known in the Nigerian financial industry for wealth management, pensions, and real estate funds. They’re recognized for data-driven advisory strategies and solid long-term performance. ARM serves both individual and institutional clients.
Pros: Established reputation with decades of track record, data-driven approach to investment strategy, diversified offerings including real estate and pension advisory, and known for consistent performance over time.
Cons: Institutional scale may limit personalized attention for smaller advisory clients, likely requires significant assets for comprehensive advisory services, and fee structures and minimums are not readily transparent.
9. FBNQuest
FBNQuest operates as FirstBank Group’s merchant banking arm, offering financial advisory backed by one of Nigeria’s largest banking groups. They provide wealth management and investment advisory services leveraging banking relationships and market research capabilities.
Pros: FirstBank Group backing provides security and extensive resources, established banking relationships ease advisory implementation, access to comprehensive market research, and merchant banking expertise brings institutional-grade advisory.
Cons: Limited publicly available information about specific advisory services and approach, likely focuses on high-net-worth and institutional advisory clients, banking group structure may limit advisory independence, and accessibility for smaller portfolios is unclear.
10. Norrenberger
Norrenberger focuses on innovative advisory solutions and alternative investments. They offer the Norrenworld app for portfolio management with seamless onboarding and automated features. Their advisory includes specialized products like agricultural investments and land warehousing alongside traditional financial planning.
Pros: Technology-forward approach with mobile app accessibility, innovative advisory covering alternative asset classes, modern interface appeals to younger investors, and automated investment features simplify execution.
Cons: Alternative investment advisory requires specialized knowledge to evaluate risk, newer approaches may lack a long track record compared to established firms, technology focus doesn’t replace deep advisory expertise, and limited information about comprehensive financial planning services.
Conclusion
Financial advisory isn’t mysterious. You give someone authority to guide your investment decisions. They build strategies matching your goals. You both benefit when the strategies work.
But picking the wrong advisor turns potential gains into losses through bad advice, high fees, or strategies misaligned with your reality.
Match the advisor to your actual situation: how much you have to invest, what you’re trying to accomplish, and what level of involvement you want.
Don’t work with someone just because they manage billions if they treat your ₦5 million like an inconvenience. Don’t choose based on marketing if their advisory approach doesn’t match how you think about money. Ready to get professional financial guidance? Start with Lukefield Finance for accessible, straightforward advisory.