[Providence Advisors](http://www.providenceadvisors.net) is celebrating its third anniversary in pension administration and investment management, after having split from SG Hambros Bank & Trust (Bahamas) Ltd.
Kenwood Kerr, CEO and Chief Investment Officer, says the firm has exceeded expectations, increasing its assets under management in three years from $170 million to over $400 million. He admits that having the established book of business through the hotel industry pension funds at startup helped with the firm’s development, but also speaks to the very positive response from the business community. The Bahamas Government’s announced pension reform plans (already there is a Government-appointed Private Pensions Task Force) augurs well for continued growth. Mr. Kerr maintains that brand building will be a key goal going forward, with Providence also determined to add value on services provided as well as to its shareholders.
One of the immediate plans is to enhance client access to real time financial information. In this connection, Providence is replacing the legacy IT system it inherited. The new platform will provide greater operating efficiencies, with integrated client accounting, portfolio accounting and portfolio management. Providence also is looking to expand its investments product offerings through “family of funds” products for specific markets.